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Added on the 17/09/2015 19:52:46 - Copyright : Reuters EN
UN Conference on Trade and Development head Rebecca Grynspan and UN Emergency Relief chief Martin Griffiths arrive ahead of talks with Russia on renewing the Ukraine grain export deal, which has helped ease the global food crisis triggered by Moscow's invasion of its neighbour. IMAGES
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles. It brings together the two companies' software and hardware engineering expertise, cloud computing capabilities, and manufacturing knowledge.
GM agreed to keep the Oshawa Ontario plant open and shift some engine production from Mexico to Canada. As Fred Katayama reports, the union conceded on its retirement plan.
The automaker averted a strike after reaching a last minute tentative labor agreement. The union says it got "significant wage gains." Fred Katayama reports.
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