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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (6743)	5/25/2006 8:29:40 AM
From: elmatador	Respond to of 218841

out of emerging markets then what? GM! Up 8% Message 22482165 siliconinvestor.com

To: elmatador who wrote (6743)	5/25/2006 8:29:50 AM
From: elmatador	Respond to of 218841

113,000 unionized GM employees have been offered early-retirement packages worth $35,000 to $140,000. Employees will keep accrued pension benefits. But accepting the payment severs all other ties to GM, including health care and other retirement benefits. Sanford C. Bernstein & Co. auto analyst Brian Johnson said GM is not out of the woods when it comes to costs. "Active health-care costs are over $1.1 billion for GM and likely rising around 10 percent" barring medical plan changes, Johnson said in a note to investors yesterday. Also yesterday, a federal bankruptcy judge in New York refused GM's request to postpone a hearing on Delphi's attempt to void its labor contracts. A ruling on Delphi's request isn't expected until late next month at the earliest.