Both the company and UAW confirmed the tentative deal, but neither side gave details.
About 3,650 employees represented by the UAW at five American Axle plants in
The deal must still be ratified by American Axle workers before the strike ends. The UAW said it will present details of the agreement to workers in
Home construction turned up unexpectedly in April and showed surprising vigor, making the biggest increase in two years, while building permits also rose, a sign of optimism for the sickly housing sector. Housing starts increased 8.2% to a seasonally adjusted 1.032 million annual rate, driven higher by a surge in apartment building construction, the Commerce Department said. Starts plunged by a revised 13.8% in March to 954,000. Economists expected April starts to drop by 1.4% to a 934,000-unit annual rate.
Sen. Ted Kennedy is "resting comfortably" in the hospital after suffering a seizure this morning in Massachusetts, his office said in a statement. He is undergoing a battery of tests and it is unlikely there will be any further word on his condition for the next 48 hours, the senator's office said. It doesn't appear the longtime Democratic lawmaker had a stroke as initially suspected, according to a spokeswoman.
Kennedy was transferred to Massachusetts General Hospital in Boston for evaluation after initial treatment at Cape Cod Hospital, an earlier statement from his office said.
The senator spent less than an hour in the Cape Cod facility, hospital spokesman David Reilly said.
An official with the Hyannis Fire Department said it received a 911 call from the Kennedy compound at 8:19 a.m. and transported a male patient to the hospital, arriving at 8:50 a.m.
The patient was subsequently transferred to the hospital's municipal airport, and a Boston Med Flight helicopter flew the man to Massachusetts General, Lt. Bill Rex said.
Family members reported that Kennedy was well enough later in the morning to call to say he wou
ld not be able to join them for lunch.
They said they were guardedly optimistic that he would make a full recovery.
Kennedy had surgery in October to clear his carotid artery in hopes of preventing a stroke. Colleagues said he had recovered quickly and was working energetically recently.
He suffers chronic back pain from injuries suffered in a plane crash in 1964.
Kennedy has represented Massachusetts in the Senate since 1962. He is one of only six senators in U.S. history to serve more than 40 years. He is known as a liberal champion of social issues such as health care, family leave, and the minimum wage.
WASHINGTON -- Despite continuing challenges in the housing market, the overall picture of U.S. financial markets has steadily improved over the past couple of months, Treasury Secretary Henry Paulson said Friday.
Mr. Paulson, in a rather upbeat speech that seemed to suggest the worst of the credit crisis is over, said market liquidity and investor confidence are improving in several sectors, such as corporate bonds, leverage loans and high-yield debt.
At the same time, capital and credit markets are stabilizing, leaving markets "considerably calmer now" than they were in March, said Mr. Paulson.
"In my judgment, we are closer to the end of the market turmoil than the beginning," he said in the text of a speech he plans to deliver in Washington. "Looking forward, I expect that financial markets will be driven less by the recent turmoil and more by broader economic conditions and, specifically, by the recovery of the housing sector."The Federal Bureau of Investigation (FBI) is alerting consumers of a spam email asserting to be from the Internal Revenue Service (IRS) regarding economic stimulus checks.
The email contains information relative to direct deposit of the stimulus checks and also contains a fraudulent hyperlink to a form that requests personal bank account information. The bogus email claims that consumers' stimulus checks will be delayed if they fail to complete the form in a timely manner. Examples of the IRS spam emails are as follows: "Our records indicate that you are qualified to receive the 2008 Economic Stimulus Refund" and "To access Economic Stimulus refund, please click here."
In addition another recent attempt to extort personal information through a phishing email scam being distributed to college student email accounts (University of Illinois-Springfield). The email claims to be from the IRS with the subject line reading "IRS
- Economic Stimulus Refund Program".
These emails are not from the IRS. The IRS has a clear policy that they do not initiate communications with taxpayers via email. If you receive an unsolicited email message purporting to be from the IRS, please forward the original email to phishing@irs.gov and file a complaint with IC3 at www.ic3.gov
Additional information on scams is available at www.fbi.gov and www.lookstogoodtobetrue.com
