LAN pilots in Colombia refuse overtime to press labor dispute
BOGOTA (Reuters) – Unionized pilots at the Colombian subsidiary of Chilean airline LAN said on Friday they would refuse to work overtime amid a labor dispute, after a similar protest by pilots at Colombian airline Avianca ended this week with a pay inc…
Detroit union wins victory worth ‘refund on deck of Titanic’
(Reuters) – Detroit’s largest public sector union scored a symbolic victory Friday when a Michigan administrative law judge reinstated an extra annual pension check for city workers and retirees, although the judge in the city’s bankruptcy case has pro…
Exclusive: Cisco, Google, SAP discussing BlackBerry bids – sources
NEW YORK/SAN FRANCISCO (Reuters) – BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said.
Stocks to see more volatility from shutdown
NEW YORK (Reuters) – U.S. stocks are likely to face another week of rising turbulence as efforts to settle the budget dispute in Washington drag on, leaving investors worried about the more critical issue of raising the U.S. debt ceiling.
Wall Street ends up, but Dow, S&P fall for week as shutdown drags on
NEW YORK (Reuters) – U.S. stocks rebounded on Friday, but major stock indexes ended the week lower as a federal government shutdown continued for a fourth day, with no sign of an end to a budget stalemate in Washington.
Exclusive: With IPO elusive, Avaya explored sale to Oracle this year – sources
SAN FRANCISCO/NEW YORK (Reuters) – Avaya Inc’s private equity owners explored selling the telecommunications equipment company earlier this year, instead of taking it public, and had talks with Oracle Corp, three people familiar with the matter said th…
With U.S. government shut, private data providers step in
CHICAGO (Reuters) – When the U.S. Department of Agriculture went dark this week due to the partial government shutdown, phones lit up at commodities firm Urner Barry.
Fed official: New chair to face key test on keeping policy easy
(Reuters) – The key challenge for the next chair of the Federal Reserve will be resisting pressure for a premature tightening in monetary policy, a senior U.S. central banker said on Friday.
Memories of Facebook cloud Twitter’s IPO
SAN FRANCISCO (Reuters) – When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media’s company’s highly anticipated debut.
Tesla CEO defends electric cars after battery fire
DETROIT (Reuters) – Elon Musk, the chief executive of Tesla Motors Inc , defended the safety performance of electric cars on Friday, three days after a battery fire in a Tesla Model S helped sparked a decline in the automaker’s market value.
