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Shopclues decided to defer the IPO by a year

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Negotiations continued Monday in Detroit after breaking off during the weekendBut Rothenberg said Monday the two sides had come to terms on only 2% of the contractCompany paid health insurance for the workers ended on Monday, but the UAW strike fund will pick up premiums for medical expenses and prescriptions, according to the union websiteAsked about the possibility of federal mediation, President Donald Trump said it possible if the company and union want itthey be able to work out the GM strike quickly, Trump said Monday before leaving the White House for New Mexico. They going to work it out quickly and solidly. Shares fell more than 4% Monday, but they recovered slightly to $37.29 on Tuesday morningOn the picket line Monday at GM transmission plant in Toledo, Ohio, workers who said they have been with the company for more than 30 years were concerned for younger colleagues who are making less money under GM two tier wage scale and have fewer benefitsPaul Kane, from South Lyon, Michigan, a 42 year GM employee, said much of what the union is fighting for will not affect himnot right when you working next to someone, doing the same job and they making a lot more money, he said.

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