CEO James Ziemer

Harley-Davidson Inc. reached a tentative labor agreement that would keep open its York, Pennsylvania, factory while reducing the number of union workers by almost half. It’s a 7-year accord by which the assembly, metal fabrication and paint operations will be managed... This is a content summary only. Click on headlines for full links, images, other content and more! Read Full Story

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: General Electric Co., up 63 cents at $14.50 J.P. Morgan analysts upgraded the industrial conglomerate to "overweight" despite worries over loss provisions at its financing unit. Kraft Foods Inc., down $1.65 at $26.45 Candy maker Cadbury PLC rejected the food maker's $16.7 billion takeover offer, and analysts say a bidding war could be in store. Cadbury PLC, up $14.42 at $51.88 U.S.-traded shares roared to a 12-month high after the candy maker rejected a takeover offer from Kraft Foods Inc. ... Read Full Story

Harley-Davidson, Inc. (NYSE: HOG) has selected the investment banking firm, BNP Paribas in Milan, to assist Harley-Davidson in the sale of MV Agusta. Read Full Story

Harley-Davidson Inc. says it is considering sites in four states for a possible relocation of its main motorcycle plant in York, Pa. Harley spokesman Bob Klein says Harley officials have toured locations in Murfreesboro, Tenn., Shelbyville, Ind., Shelbyville, Ky., and Kansas City, Mo., over the last week. Harley has said its motorcycle assembly plant in York has too much capacity and is not cost-effective. The Milwaukee-based company announced in May it would either find ways to improve the plant's efficiency or relocate elsewhere. A decision is expected later this year. Klein says remaining in York is the company's preferred path. The facility employees 2,300 ... Read Full Story

Credit ratings agency Standard & Poor's Ratings Services on Monday cut its ratings on Harley-Davidson Inc., citing the decline in sales at the iconic motorcycle maker. S&P cut Harley's corporate credit rating to BBB from BBB+. The rating remains investment grade. S&P also affirmed the company's A-2 commercial paper rating. "The downgrade is based on our concerns with deteriorating motorcycle demand," said S&P credit analyst Andy Liu. Milwaukee-based Harley has been facing falling sales as pinched consumers cut back on purchases of its high-end, highly discretionary motorcycles. Earlier in July, the company said its second-quarter profit plummeted 91 percent, with U.S. retail sales falling ... Read Full Story