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Ford says to incur $600 million expense in 2015 from U.S. union pact

A Ford logo is seen during preparations for the 2014 LA Auto Show in Los AngelesFord Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company's previously stated expectations for 2015, according to a statement issued by Ford. Most of the $600 million expense are tied to a ratification bonus for the company's nearly 53,000 UAW members.

FTC preparing to block Staples-Office Depot deal: NY Post

A shopping cart is seen outside a Staples office supplies store in the Chicago suburb of Glenview, Illinois(Reuters) - U.S. antitrust regulators are preparing to block Staples Inc's acquisition of smaller rival Office Depot Inc , the New York Post reported. The Federal Trade Commission (FTC) may again delay its decision on the deal, seeking more concessions from Staples, NY Post reported, citing two people familiar with the matter. Two of the four FTC commissioners looking into the deal are believed to oppose it, the newspaper reported on Monday.


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