Virgin America airline flight attendants vote to approve union
SEATTLE (Reuters) – Flight attendants at Virgin America airline approved representation by the Transport Workers Union of America, with 58 percent voting in favor, the union said on Wednesday, citing a National Mediation Board tally.
Rule change makes more companies vulnerable to U.S. sanctions
WASHINGTON (Reuters) – Companies even partly owned by individuals sanctioned by the U.S. government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department.
Boeing breaks ground on wing factory for new 777X
EVERETT Wa. (Reuters) – – Boeing executives and state political leaders took sledgehammers to a 1960s office block on Wednesday to help clear the way for a factory that will make composite wings for the company’s newest jet, the 777X.
Ackman says he remains committed to Valeant’s bid for Allergan
BOSTON (Reuters) – Billionaire investor William Ackman is digging in on getting a hostile takeover bid for Botox maker Allergan Inc. done.
Judge cuts back Madoff trustee lawsuit versus Merkin
NEW YORK (Reuters) – The trustee seeking money for Bernard Madoff’s victims suffered his second loss in less than a week to Wall Street hedge fund manager J. Ezra Merkin, as a Manhattan bankruptcy judge dismissed most claims in a roughly $565 million l…
U.S. retail sales pause, seen rebounding in months ahead
WASHINGTON (Reuters) – U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter.
Macy’s cuts same-store sales forecast, shares drop
(Reuters) – Macy’s Inc cut its full-year same-store sales forecast, after second-quarter sales failed to make up for weakness in the first quarter when harsh winter weather kept shoppers away.
Fed officials urge changes to still-risky U.S. funding markets
NEW YORK (Reuters) – A serious re-evaluation of the still-risky short-term funding market is overdue, two top Federal Reserve officials said on Wednesday, with one urging a supervisory revamp and higher capital requirements for broker-dealers given the…
Land Rover recalls 46,515 SUVs in U.S., Canada for air bag issue
DETROIT (Reuters) – Jaguar Land Rover is recalling 46,515 Land Rover sport utility vehicles in the United States and Canada because the front passenger air bag may not deploy due to a part failure, according to documents filed with U.S. safety regulato…
Falling U.S. used-car prices will drive up new-car incentives
DETROIT (Reuters) – The U.S. auto industry will have to offer more discounts to maintain demand as prices for used cars decline.
