UPDATE 1-GM reaches union deal to speed worker retirement

Newswire

(Recasts first paragraph, adds details, background, GM comment, share prices) CHICAGO, March 22 (Reuters) - General Motors Corp. on Wednesday said it reached a deal with the United Auto Workers union and bankrupt former subsidiary Delphi Corp. that would offer early retirement incentives to more than 125,000 factory workers. Shares of GM were up almost 3 percent on the New York Stock Exchange in response to the deal. Shares of Delphi, which trade on the over-the-counter Pink Sheets ...

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