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The United Auto Workers union is expected to announce a new tentative labor contract with $Ford Motor(F.US)$ on Wednesday night after intense bargaining throughout the day, according to people with knowledge of the talks. The UAW, now in the sixth week of its strike at the three Detroit automakers, has called for work stoppages at three Ford factories and sent more than 16,000 U.S. factory workers at the Dearborn, Mich., based car company to picket lines. The two sides have moved closer on key bargaining issues in recent days, the people said. As part of the proposed contract, Ford has agreed to give factory workers a 25% wage increase over the life of the agreement, including a 11% bump in the first year, according to people familiar with the details. The wage increase would bump the top

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AT&T(T.US) 17.650 17.680 -10.41% +0.17% Post By Emily Bary Shares of $AT&T(T.US)$ Inc. were on track for their worst day since 2000 Thursday after the company fell short of free-cash flow expectations but reiterated its full-year target on the closely watched metric. Free-cash flow for the first quarter came in at $1 billion, whereas analysts were modeling $3.2 billion. AT&T (T) said previously that the first quarter tends to be seasonally slow on the metric due to the timing of device payments, incentive compensation and other factors, and executives reiterated many of those points Thursday. Capital investments, device payments and incentive compensation "all peaked in the first quarter," Chief Financial Officer Pascal Desroches said on the company's earnings call. Amir Rozwad