On Monday, Shares of General Motors Company (NYSE:GM), lost -6.08% to $27.80.
Workers at a General Motors Co plant in Brazil ended a two-week strike on Monday after the company agreed to suspend nearly 800 job cuts, buying time in an industry where idle assembly lines have roiled labor tensions, according to Reuters.
GM and the local metalworkers’ union said they agreed that the workers facing termination would spend the next five months on paid leave and would get an extra rescission payment if their jobs are cut early next year. The company will also open a voluntary buyout program and the union said it was open to discussions about retirement plans. Reuters Reports
“GM believes this is a positive decision, but it does not resolve the competitiveness issues with the Sao Jose dos Campos complex,” the company said in a statement.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of The Home Depot, Inc. (NYSE:HD), declined -3.12% to $112.54, during its last trading session.
The Home Depot declared it has accomplished its $1.625 billion acquisition of Interline Brands, Inc., a leading national distributor and direct marketer of broad-line maintenance, repair, and operations (MRO) products. The agreement to acquire Interline was formerly declared on July 22, 2015.
“We’re delighted to officially welcome Interline’s associates and customers into The Home Depot family,” said Craig Menear , chairman, CEO and president of The Home Depot.
“By joining forces with Interline, we’ll be able to better serve our Pro customers whether in-store, online or at their place of business. We look forward to the value this acquisition will bring to our customers and shareholders.”
Interline brings an practiced outside and national account sales force, fulfillment capabilities across the facilities maintenance market, and an extensive local distribution network of more than 90 locations throughout the U.S., Canada and Puerto Rico.
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.
Finally, HEALTHSOUTH Corp. (NYSE:HLS), ended its last trade with -4.70% loss, and closed at $40.73.
HealthSouth Corporation declared it will take part in the following investor conferences in September 2015:
Sept. 9, 2015, HealthSouth Executive Vice President and Chief Financial Officer, Doug Coltharp, and HealthSouth Executive Vice President and Chief Operating Officer, Mark Tarr, will take part in a fireside chat at 4:20 p.m. ET at the Baird Healthcare Conference held at the New York Palace Hotel in New York.
Sept. 10, 2015, Coltharp and Tarr also will take part in a fireside chat at 8:35 a.m. ET at the Wells Fargo Healthcare Conference held at the Hyatt Regency in Boston.
HealthSouth Corporation owns and operates inpatient rehabilitation hospitals in the United States. The company provides specialized rehabilitative treatment on an inpatient and outpatient basis.
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