Investors eager for most desperate actions from financially struggling General Motors Corp. had their wishes fulfilled Monday. Just prior to disclosing its third consecutive quarterly loss, posting a deficit of $1.1 billion for July-September, GM reaches a tentative agreement with the United Auto Workers union to reduce the auto maker's mammoth health-care costs, estimated at $5.6 billion for 2005. Rick Wagoner “This is a huge move,” says GM Chairman and CEO Rick Wagoner. “This is ...
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