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Delphi Proposals For Labor Contract To Start Oct. 21 By JEFFREY MCCRACKEN Staff Reporter of THE WALL STREET JOURNAL October 13, 2005; Page A5 TROY, Mich. -- Delphi Corp.'s chairman and chief executive said the parts maker will make its first contract proposals to its labor unions Oct. 21 in hopes of hammering out new pacts for 45,000 union workers and retirees by early next year. The likely substantial pay cuts would be first felt by workers in the second quarter of 2006, the company said. Robert S. "Steve" Miller also said in a news conference yesterday that the potential...

Delphi bankruptcy seen as watershed for Detroit Monday 10 October 2005, 5:36pm EST By Tom Brown DETROIT, Oct 10 (Reuters) - Courtroom proceedings in a landmark case that could reshape the U.S. auto industry and hurt many people who depend on it for their livelihoods get under way on Tuesday. That's when opening motions are due to be heard in U.S. Bankruptcy Court in New York on the Chapter 11 filing by auto parts supplier Delphi Corp. (DPH.N: Quote, Profile, Research) that rocked the American auto industry over the weekend. With its move, Delphi -- in effect going to war...

CNBC stated that Bank of America swithed their position on GM to "SELL". It is being mentioned that GM will follow Delphi into Chapter 11. Although GM has 38 Billion in cash and assets, it may not be enough to cover what is certain to be a huge drop in sales during the next few months. If GM files, that will be extremly bad for our economy.

Oct. 17, 2005 issue - One reason flying can be such a drag is that sinking feeling you get when you start talking to your seatmate and discover that she paid much less for her ticket than you did. The trick, of course, is to have access to the best information. What's true for airline fares is also true for airline shares. And for airline pension funds, too, given what happens when an airline goes broke. Pension-fund information—and the lack of it—links Northwest Airlines chairman Gary Wilson and 9/11 widow Ellen Saracini, whose husband was a United Airlines pilot. Guess...

Workers face prospect of wage, benefit concessions or court-ordered cuts. First came the U.S. steel industry. More recently, money-losing airlines have landed themselves in bankruptcy court to cut labor costs. Now, Saturday's filing by auto parts maker Delphi signals that the U.S. auto industry has arrived at the same crossroads with it’s work force: agree to out-of-court concessions, or face the prospect of court-ordered cuts in wages, benefits and pensions. Delphi, a $29 billion industrial giant, has been struggling to make a profit since General Motors spun off its parts subsidiary in 1999. Last year, Delphi lost $4.8 billion; it...

DETROIT (AP) -- Delphi Corp., the largest U.S. auto supplier, filed for bankruptcy Saturday, sending shock waves through the nation's auto industry, which already is weakened by high labor costs and falling market share. The company's bankruptcy is one of the largest in the country's history. Delphi filed to reorganize its U.S. operations in federal bankruptcy court in New York, where hearings are scheduled to begin next week. Delphi's non-U.S. operations were not included in the filing. Delphi Chairman and CEO Robert S. Miller said the company hopes to emerge from Chapter 11 in early to mid-2007. "We will...

Delphi has improved severance packages for almost two dozen executives as fears grow that North America’s biggest automotive parts supplier is moving closer to seeking bankruptcy protection. Delphi shares almost halved to $1.17 on Friday after rating agencies further cut their ratings and optimism of a deal between the parts maker, the United Auto Workers union and General Motors ebbed. GM is Delphi’s former parent and makes up about half of its revenues. Delphi has warned it may file for court protection by October 17 if substantial progress is not made towards obtaining labour concessions from the union and...

Credit agency reduces Delphi rating to junk 12/22/2004, 7:52 a.m. ET By SIMONA COVEL The Associated Press NEW YORK (AP) — Standard & Poor's cut its corporate credit rating on Delphi Corp. to double-B-plus from triple-B-minus, bringing the world's largest auto supplier into the junk category. The Troy, Mich.-based auto supplier's short-term corporate credit rating was slashed to single-B from A-3. The outlook is stable. In a statement Tuesday, S&P analysts noted that Delphi's business profile is below average due to the company's sensitivity to adverse developments at General Motors Corp., Delphi's largest customer, which accounts for 55 percent of...

Delphi Corp. has the hatchet out again.The world's largest automotive supplier, which even now is razing a former Flint plant that last employed 400 hourly workers, announced today it is cutting 8,500 jobsAbout 3,000 of those will be in the United States, the company said.Delphi says the moves are necessary because of ongoing global price pressures, cutbacks in General Motors production schedules and lingering issues with its high-wage UAW-represented work force in the United States.In addition, Delphi is tossing three more troubled sites into its internal Automotive Holdings Group. And it might put more in the group, the company said.That's...

Perhaps some of you who are veterans at planning issues have seen this, but the other night I witnessed my first community plan meeting that was moderated in the "Assets, Issues, and Solutions" format. Here's how it works. Community members don't get three minutes to address the meeting. A moderator stands in front of the room and asks questions such as "What do we like about our community?" (The assets column) Another question is "What problems do we have in our community?" (The issues column) and "How can we solve our problems?" (The solutions column). Community members raise their hands...

THE PURPOSE OF THIS ARTICLE IS TO INSTRUCT FELLOW FREEPERS ON HOW TO CONTROL AND INFLUENCE LIBERAL MEETINGS. The election is upon us. Lets get into the various election groups undercover, and employ these techniques in order to win. Lynn Stulter -- The Delphi Technique was originally conceived as a way to obtain the opinion of experts without necessarily bringing them together face to face. In Educating for the New World Order by Bev Eakman, the reader finds reference upon reference for the need to preserve the illusion that there is "Lay, or community, participation in the decision-making process, while...

The temple of Apollo, cradled in the spectacular mountainscape at Delphi, was the most important religious site of the ancient Greek world, for it housed the powerful oracle. Generals sought the oracle's advice on strategy. Colonists asked for guidance before they set sail for Italy, Spain and Africa. Private citizens inquired about health problems and investments. The oracle's advice figures prominently in the myths. When Orestes asked whether he should seek vengeance on his mother for murdering his father, the oracle encouraged him. Oedipus, warned by the oracle that he would murder his father and marry his mother, strove, with...