Spirit Airlines ramp workers vote to join machinists union
(Reuters) – Spirit Airlines Inc baggage handlers have voted to be represented by the machinists union, joining three other employee groups at the low-cost carrier that have bargaining agents.
Argentina to meet again with debt mediator, bonds rise
BUENOS AIRES (Reuters) – Argentina said on Tuesday it would meet with a mediator for the second time this week in the country’s dispute with “holdout” investors, lifting market hopes for a deal needed to avoid another painful debt default.
France’s Valls urges end to strike at ‘sinking’ ferry group SNCM
PARIS (Reuters) – Workers at France-Corsica ferry operator SNCM must end their strike and let the troubled company undergo a restructuring to secure its future, Prime Minister Manuel Valls said on Tuesday.
World Bank’s IFC asks for review of Itau, CorpBanca deal
SANTIAGO (Reuters) – The International Finance Corp (IFC), the World Bank’s private investment arm, is seeking an independent analysis of Brazilian bank Itaú Unibanco Holding SA’s planned takeover of Chile’s CorpBanca, in which the IFC holds a 5 percent stake.
No decision on whether grounded F-35s will be ready for air show: Pentagon
WASHINGTON (Reuters) – No decision has been made yet on whether to send a group of F-35 Joint Strike Fighters to Britain this week for the plane’s international debut at two air shows after the fleet was grounded in response to an engine fire, the Pent…
American Apparel’s Charney loses support of some factory workers he championed
LOS ANGELES (Reuters) – Ousted American Apparel Inc head Dov Charney supported workers in the clothing industry with his stance in favor of immigration rights and determination to keep jobs in the United States, but some employees are not returning the…
Exclusive: Accountant’s plea signals more possible scrutiny of Madoff son
NEW YORK (Reuters) – U.S. prosecutors may still be building a case against imprisoned swindler Bernard Madoff’s only surviving son, who according to sources was one of the “co-conspirators” mentioned in a plea deal by a Madoff associate last month.
Fed’s Kocherlakota gives lukewarm welcome to U.S. unemployment drop
MINNEAPOLIS (Reuters) – One of the Federal Reserve’s most dovish policymakers on Tuesday welcomed the recent drop in U.S. unemployment but warned the labor market has a long way to go until the U.S. central bank has reached its goal.
New Potash Corp CEO sticks with output strategy as competition builds
WINNIPEG Manitoba (Reuters) – The new chief executive officer of Potash Corp of Saskatchewan says he will stick with the Canadian company’s focus on supporting the price of potash by matching output of the crop nutrient to demand, rather than maximizin…
Fed’s Yellen to appear before Senate Banking Committee on July 15
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen will go before the Senate Banking Committee at 10 a.m. EDT on July 15 to deliver the latest report to Congress on monetary policy, the committee said on Tuesday.
