>>Holiday-Shortened Trading Week Kicks Off
(New York, NY) -- The opening bell rings this morning on Wall Street following the Labor Day holiday, making for an abbreviated trading week. As things wound down Friday, stocks rose after the Federal Reserve's primary inflation gauge showed price pressures continued to cool in July. At the closing bell, the Dow gained 228 points to 41-563. The S&P 500 rose 56 points to 56-48. The Nasdaq climbed 197 points to 17-713.
>>What's Coming Up This Week In Business News
(Undated) -- Coming up this week in business news, notable reports start to roll out on Wednesday. That's when we'll get a look at data on job openings, the U.S. trade deficit, the Fed Beige Book and also auto sales numbers. Thursday brings the ADP employment report and weekly jobless claims. The week wraps up with the highly-anticipated monthly jobs report on Friday. Most analysts are forecasting an increase from last month.
>>Hotel Workers Go On Strike
(Undated) -- Some hotel workers around the country could be going back to work today after their union and hotel companies failed to reach a contract deal and they walked off the job Sunday. Around ten-thousand people hit the picket lines in places like San Francisco, Seattle and Boston. The Unite Here union represents the workers, and says they are demanding better pay and benefits, along with fair work schedules and increased staffing. The strike, authorized for three days in some places, was called during a period when many people were traveling for the Labor Day holiday.
>>AT&T Strike Continues
(Lexington, KY) -- The Communications Workers of America is walking away from the table in negotiations with AT&T. The union released a statement Monday evening saying it's no longer interested in mediation with the communications company. The union believes mediation was a "delay tactic" and asks AT&T "to get serious" so that employees can get back to work. Over 17-thousand employees are on strike in the Mid-South including Kentucky, Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
>>Volkswagen Warns Of Possible Plant Closings In Germany
(Wolfsburg, Germany) -- Volkswagen is considering major cuts that may include layoffs and plant closures. The German automaker said Monday it could take the unprecedented step to close production sites in Germany as part of a major restructuring. Volkswagen CEO Oliver Blume cited a "very demanding and serious situation" in the European market. Germany's powerful trade unions sharply criticized the company's cost-cutting plan as being "irresponsible" and "short-sighted."
