Buffett told Berkshire shareholders two years ago that most newspapers face the possibility of unending losses because the industry has lost its essential nature.
Machinists reach tentative deal with Boeing
WASHINGTON (AP) â¿¿ A contentious labor dispute between the government and Boeing Co. that spawned a national political fight likely will be settled after the company and the Machinists union announced Wednesday that they'd reached a tentative deal on a new four-year collective bargaining agreement.It was not immediately clear what, if any, impact the new agreement would have on a Boeing plant in South Carolina, where the company opened a new production line for its 787 airplane. The National Labor Relations Board filed a lawsuit earlier this year alleging that Boeing violated labor laws by opening the South Carolina line. The agency claimed that Boeing was punishing Washington state workers for past strikes and said the company should return the work to Washington. Boeing has vigorously denied the charges, claiming it opened the South Carolina plant for valid economic reasons. The agreement would call for a different aircraft â¿¿ the 737 Max â¿¿ to be built at union facilities in Renton, Wash., said Tom Wroblewski, president of Machinists Union District 751. ___ Productivity up in summer while labor costs fell WASHINGTON (AP) â¿¿ U.S. workers increased their productivity over the summer by the most in a year and a half but the gain was smaller than initially thought. A more productive and less-costly workforce can boost corporate profits. But unless companies see more demand, they're unlikely to step up hiring. Productivity rose at an annual rate of 2.3 percent in the July-September quarter, the Labor Department said. That was slower than the 3.1 percent the government estimated a month ago. Labor costs fell at a 2.5 percent rate, a slightly larger decline than the 2.4 percent drop first estimated.
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