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Published: February 24, 2009
Ford Makes Deal On UAW Fund
The United Auto Workers and Ford Motor Co. said Monday they agreed to let the automaker change how it pays for a health care trust fund for retired workers. Ford said the agreement allows it to make payments to the union-managed trust with up to 50 percent of company stock instead of cash.
Cuban Cigar Sales Dip 3%
Cuba's cigar industry survived a trio of hurricanes but saw sales slip 3 percent to $390 million last year as the world economic crisis reduced demand for luxury goods, the island's tobacco monopoly said Monday.
Habanos SA vice president Manuel Garcia said an 11 percent drop in international travelers slowed cigar sales at duty-free shops, which account for a quarter of its business, while stricter smoking laws abroad also decreased demand.
Ticketmaster To Alter Online Tactics
Ticketmaster agreed Monday to change its online ticket sales process after butting heads with Bruce Springsteen and his fans.
Ticketmaster reached a settlement with New Jersey, where the Springsteen concert in question had been scheduled, said state Attorney General Anne Milgram. Springsteen ticket seekers were redirected from the main Ticketmaster site to a subsidiary that charged more. Milgram said at the time that redirecting them might have violated the state's consumer fraud act.
A wire report
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