UAW election by set of VW Tennessee workers upheld by NLRB
(Reuters) – The U.S. National Labor Relations Board voted 2-1 to uphold a December election in which a small group of workers at Volkswagen AG’s Chattanooga, Tennessee plant voted to join the United Auto Workers union, the NLRB said on Wednesday.
GoPro names Apple designer as VP of design
(Reuters) – Wearable camera maker GoPro Inc named Apple Inc designer Daniel Coster as vice president of design, effective the end of April.
U.S. economic activity expanded, several regions see pickup in wage growth: Fed
WASHINGTON (Reuters) – The U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday.
Chipotle investor seeks board shakeup for more diversity
(Reuters) – Chipotle Mexican Grill Inc shareholder CtW Investment Group on Wednesday urged investors not to re-elect two long-time board members, saying the chain’s recent food safety crisis shows the company needs a board that is more independent and…
Special Report: A top hedge fund manager that’s too hot for some to handle
NEW YORK (Reuters) – Investing in Glacial Energy Holdings Inc should have been a disaster.
VW management accepts bonus cuts of at least 30 percent: source
HAMBURG/BERLIN (Reuters) – Volkswagen’s top management board has agreed to cut executives’ bonus payments by at least 30 percent, one person familiar with VW’s bonus negotiations said, as the carmaker struggles to resolve a dispute over compensation.
McCormick loses its appetite for UK’s Premier Foods
LONDON (Reuters) – Shares in Premier Foods sank 27 percent on Wednesday after U.S. spice maker McCormick Foods dropped its 1.5 billion pound ($2.1 billion) takeover proposal for the UK maker of brands including Mr Kipling cakes.
JPMorgan beats Wall Street expectations in tough quarter for banks
(Reuters) – JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations as lower costs and better-than-expected trading revenue helped soften the blow from a fall in investment banking fees.
Weak U.S. retail sales reinforce Fed caution on rate hikes
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter.
Peabody, world’s top private coal miner, files for bankruptcy
(Reuters) – Peabody Energy Corp filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia.
