UPDATE 1-Court grants preliminary OK to GM health-care deal

Newswire

(Recasts lead, adds details, share activity) DETROIT, Dec 22 (Reuters) - General Motors Corp. on Thursday said a U.S. District Court preliminarily approved a health-care deal with its union that would save GM $1 billion in annual health-care costs. Under the deal, which was endorsed by the United Auto Workers union in October but opposed by some retirees, health care will no longer be free for GM's hundreds of thousands of hourly retirees, their spouses and dependents. GM has said the ...

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