On Friday, Shares of Harley-Davidson Inc (NYSE:HOG), lost -2.01% to $48.73.
Harley-Davidson, employees at its York, Pa., motorcycle assembly operations, represented by the International Association of Machinists and Aerospace Workers (IAM) Local 175, voted to ratify a new collective bargaining agreement with the Company, effective Feb. 1, 2016 through Oct. 15, 2022. The agreement, which covers about 970 employees at York, succeeds the current agreement, which was originally planned to expire in February 2017.
“Our York employees play an important role in ensuring the strength of our manufacturing operations and our ability to be responsive to our customers globally, and we appreciate their many contributions,” said Michelle Kumbier, Harley-Davidson Senior Vice President, Motor Company Product and Operations. “We believe the new contract is competitive while ongoing to provide a stable production environment as we focus on managing the business for long-term success.”
The agreement comprises wage improvements in each year of the contract and maintains the Company’s flexible manufacturing model.
Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells wholesale street-legal Harley-Davidson motorcycles, in addition to a line of motorcycle parts, accessories, general merchandise, and related services.
Shares of Suncor Energy Inc. (USA) (NYSE:SU), declined -0.60% to $27.40, during its last trading session.
Suncor Energy, posted documents on its offer web site which had been formerly filed with the Alberta Securities Commission (“ASC”). The documents comprise written submissions and supporting material as to why Suncor believes the ASC should strike down a 120-day shareholder rights plan adopted by the Board of Canadian Oil Sands Ltd (“COS”).
The ASC’s hearing on this matter is planned for recently. Suncor’s intention had been to respect the ASC review process and post this information only after the ASC had made it public. Given COS’ release of its own submission and supporting materials yesterday, Suncor believes it is prudent and in the best interests of COS shareholders to post this information so that it can be considered at the same time.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products.
Finally, Shares of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), ended its last trade with 0.79% gain, and closed at $8.27.
A confluence of technologies has allowed the sharing economy to grow rapidly in many industries, counting the banking sector, and is changing consumer behavior in a way that will have far-reaching consequences, BBVA Compass economists say in a new report.
“The basics of the sharing economy have always existed, as owners of underutilized assets such as a car or an empty guest room searched via bulletin boards or newsletters for those who desired the temporary use of such assets,” the economists write. “What has changed is the emergence of mobile software platforms that allow these two parties to easily come together whenever and wherever they wish.”
The two highest-profile companies in the movement, Uber and Airbnb, represent the most developed areas of the sharing economy: ride and accommodation sharing. Specialized software has allowed these companies to scale up, gain recognition, and generate strong network effects without having to invest in costly underlying assets, such as cars or buildings. Uber presently accounts for 55 percent of the paid-car-ride market for business travelers in the U.S., write economists Anthony Quinones and Amanda Augustine. Similarly, Airbnb is predictable to have more than 80 million bookings by year-end, more than double the year before.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States. It offers deposit products, counting personal accounts, housing accounts, savings accounts, deposit accounts, etc.; and loan products, such as personal loans, mortgages, etc.; credit cards; investment products comprising mutual funds, warrants, and pension plans; and telephone and on-line banking services, in addition to ATMs for individual customers.