Proposed changes to union rules divide U.S. business, labor
WASHINGTON (Reuters) – U.S. union organizers squared off against powerful business interests on Thursday over whether proposed federal rule changes for union organizing are an overdue procedural update or a radical step that would put employers at a di…
Deutsche Bank wins dismissal of FHFA case
NEW YORK (Reuters) – Deutsche Bank AG has won dismissal of a lawsuit seeking to have it cover government-sponsored Freddie Mac’s losses on defective mortgage securities purchased from a more than $1.4 billion trust.
Dealers shifted rate view after Fed meeting: NY Fed poll
(Reuters) – Wall Street bond dealers began anticipating an earlier first interest-rate hike from the Federal Reserve after last month’s policy meeting, according to the results of a poll by the New York Fed released on Thursday.
Biggest U.S. airlines among worst in customer service: study
(Reuters) – Bigger isn’t necessarily better when it comes to airlines.
Former Canada Finance Minister Flaherty dies at 64
OTTAWA (Reuters) – Former Canadian Finance Minister Jim Flaherty, 64, died on Thursday, just weeks after stepping down following eight years in his post.
GM to take $1.3 billion charge in first quarter due ignition switch recall
DETROIT (Reuters) – General Motors Co on Thursday said it will take a charge of $1.3 billion in the first quarter to cover recall-related repairs and costs, which includes a $750 million charge the company previously announced.
AlixPartners sues consultants who jumped to McKinsey
(Reuters) – AlixPartners, a leading business turnaround advisory firm, sued two former managing directors for breaching employment contracts and stealing trade secrets after they jumped to consulting firm McKinsey & Co.
Big credit card issuers defeat collusion lawsuit in U.S.
NEW YORK (Reuters) – Consumers suffered a setback on Thursday as three big credit card issuers won the dismissal of U.S. lawsuits accusing them of colluding to require that disputes be settled in arbitration rather than class action lawsuits.
U.S. March budget shrinks more than expected
WASHINGTON (Reuters) – The U.S. government last month posted a budget deficit of $37 billion, down from $107 billion in the same period last year, the U.S. Treasury Department said on Thursday.
Fidelity Investments explores new trading venue
BOSTON (Reuters) – Fidelity Investments is “exploring” the creation of a new trading venue with other asset managers, a spokesman for the Boston company said on Thursday.
