Unions set sights on e-commerce and manufacturing firms after NLRB ruling
(Reuters) – U.S. union leaders said on Friday that a landmark U.S. labor board ruling on companies’ obligations toward contract and franchise workers would help them organize manufacturers and e-commerce companies as well as fast food chains.
Fed says rate hike next month hinges on market volatility
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve on Friday left the door open to a September interest rate hike even while several U.S. central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay the first policy …
FedEx pilot union’s executive council votes in favor of labor contract
(Reuters) – FedEx Corp pilot union’s executive council has voted in favor of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan enhancement, the Air Line Pilots Association said.
Wall Street ends flat in quiet end to dramatic week
NEW YORK (Reuters) – Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected.
United Airlines to revamp scheduling to fight flight delays
CHICAGO (Reuters) – United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executives told Reuters.
Oil extends short-covering frenzy to second day, topping $50
NEW YORK (Reuters) – World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.
Man linked to JPMorgan hacking in talks to resolve U.S. case: filing
NEW YORK (Reuters) – A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer’s massive data breach at JPMorgan Chase & Co is in talks to resolve his criminal case, according to court papers filed Friday.
Pentagon teams up with Apple, Boeing to develop wearable tech
MOUNTAIN VIEW, Calif. (Reuters) – U.S. Defense Secretary Ash Carter awarded $75 million on Friday to help a consortium of high-tech firms and researchers develop electronic systems packed with sensors flexible enough to be worn by soldiers or molded on…
Autos lift U.S. consumer spending; sentiment slips
WASHINGTON (Reuters) – U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year.
Autos lift U.S. consumer spending; sentiment slips
WASHINGTON (Reuters) – U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year.
