Whirlpool's Amana workers approve new contract
26.09.11
Trust workers at Whirlpool Corp.’s Amana Division, which the Pty says is threatened by unfair trade practices by odd producers, approved a new four-year contract Saturday.
The new acquire covers some 1,900 workers at the factory in Middle Amana, a huge number of which turned out for the Saturday morning vote in Cedar Rapids.
More than a dozen workers who spoke with SourceMedia were either indifferent or opposed to the four-year deal, which provides wage increases full only $1 per hour over a four-year period.
Confederating workers at Whirlpool Corp.’s Amana Division, which the attendance says is threatened by unfair trade practices by alien producers, approved a new four-year contract Saturday, Sept. 24.
The new shrink covers some 1,900 workers at the factory in Middle Amana, a brawny number of which turned out for the Saturday morning vote in Cedar Rapids.
Source: The Gazette: Eastern Iowa Breaking News and Headlines (blog)
Amana Income Fund Celebrates 25th Anniversary, Becoming World's Second Largest ...
07.09.11
Amana Profits's 25-year run is rare in the U.S. mutual fund enterprise. Out of the roughly 7500 mutual funds currently in control, only about 300, or 4%, have been around as long as Amana Income. Research shows that the closure count for U.S. mutual funds throughout the 1990s was around 36%, rising to 56% in the 2000s. Funds that go wrong to attract investors, often due to poor relative performance or deployment strategies, are regularly merged or liquidated by their managers.
Saturna's right-wing, value-oriented management style developed and precise by portfolio manager Nicholas Kaiser during his 41 year investment m meshes well with Amana's rigorous Islamic mandates. As a result of the funds' trophy-winning long-term performance and top-ratings from U.S. dough rating agencies Morningstar and Lipper, the Amana funds found supplication outside of the Muslim community and now have more than 100,000 investors throughout the Of like mind States.
"We've spent the past 25 years developing and refining our pledge screening process to select high-quality, value-oriented stocks that adhere to the principles of Islamic economics," Kaiser explains. "What this means for our shareowners is that we heavily probe the operations of the companies we invest in, and we know their balance sheets and the sources of their gross income."
Source: MarketWatch (press release)
