Exclusive: Target pharmacy workers form union, first in company’s history
CHICAGO (Reuters) – A group of pharmacy workers within Target Corp’s store in Brooklyn, New York, have won a vote to form a microunion, making it the first unionized store at the retailer since its inception in 1902.
UPS must face New York lawsuit over illegal cigarette shipments
NEW YORK (Reuters) – A federal judge said New York State and New York City may pursue a lawsuit accusing United Parcel Service Inc of illegally delivering more than 683,000 cartons of untaxed cigarettes in the state, depriving them of millions of dolla…
GM to pay $900 million, settle U.S. criminal case over ignition switches: sources
NEW YORK (Reuters) – General Motors Co has agreed to pay $900 million and sign a deferred-prosecution agreement to end a U.S. government investigation into its handling of an ignition-switch defect linked to 124 deaths, two sources told Reuters.
Oracle revenue forecast disappoints as license sales continue falling
(Reuters) – Oracle Corp’s sales fell more than expected in the first quarter, hurt by a strong dollar and a continued drop in licensed software sales and the company warned revenue could fall in the current quarter even on a constant currency basis.
Fed begins two-day meeting, result seen too close to call
WASHINGTON (Reuters) – The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006.
Boeing rejects Aerojet Rocketdyne bid for ULA launch venture
NATIONAL HARBOR, Md. (Reuters) – Boeing Co on Wednesday said it had rejected an unsolicited bid from Aerojet Rocketdyne Holdings Inc for United Launch Alliance, a 50-50 rocket launch venture of Boeing and Lockheed Martin Corp .
Pharmacy workers in Target’s New York store win right to form microunion
CHICAGO (Reuters) – A group of pharmacy workers within Target Corp’s store in Brooklyn, New York have won a vote to form a microunion within the store, according to a filing on the National Labor Relations Board’s website and union officials.
Energy stocks lift Wall St. on eve of Fed rate decision
(Reuters) – Energy stocks pushed Wall Street higher on Wednesday due to an almost 6-percent jump in oil prices, but many investors stayed on the sidelines a day ahead of the U.S. Federal Reserve’s decision on interest rates.
Northrop says could buy back up to $4 billion more in shares
(Reuters) – Northrop Grumman Corp , maker of Global Hawk drones, said it could buy back up to an additional $4 billion worth of shares as part of a new buyback authorization.
Brewer AB InBev seeks $275 billion tie-up with SABMiller
BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev , the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer.
