Labor giant AFL-CIO, at ‘crossroads,’ seeks reinvention
WASHINGTON (Reuters) – The AFL-CIO for the first time on Sunday will open its quadrennial agenda-setting convention to non-labor voices, in a frank acknowledgment by the largest U.S. federation of unions that it needs new partners and new ideas.
Rogers Comms to launch credit card next year
TORONTO (Reuters) – Rogers Communications will launch a credit card next year after receiving approval from Canada’s financial services regulator, Canada’s largest wireless company said on Friday.
Bombardier CSeries plane runs high-speed taxi trials; first flight looms
TORONTO (Reuters) – Bombardier Inc’s new CSeries aircraft completed high-speed taxi trials on Friday as anticipation mounted that the narrow-body plane could make its inaugural flight within the next week or so.
Job growth disappoints, offers cautionary note for Fed
WASHINGTON (Reuters) – U.S. employers hired fewer workers than expected in August and the jobless rate hit a 4-1/2-year low as Americans gave up the search for work, complicating the Federal Reserve’s decision on whether to scale back its massive monet…
JPMorgan deal in power case was in public interest: regulator
WASHINGTON (Reuters) – A $410 million settlement by JPMorgan Chase & Co of alleged manipulation in the power market served the public interest more than an uncertain legal fight to punish individual bank executives, a U.S. regulator has said.
Wall Street flat after jobs data; Syria worries spur caution
NEW YORK (Reuters) – U.S. stocks closed little changed in choppy trade on Friday after labor market data removed some uncertainty about Federal Reserve policy, but concerns remained about possible military action by the West against Syria.
Fed tapering still on track, hawk and dove agree
OMAHA, Neb./GRENVILLE, South Carolina (Reuters) – One of the Federal Reserve’s most hawkish officials urged the central bank on Friday to curb bond buying to $70 billion a month when it meets later this month, while a noted policy dove agreed that the …
Yum China sales fall more than expected in August
(Reuters) – KFC parent Yum Brands Inc on Friday said August sales at established restaurants in China fell an estimated 10 percent, as it works to recover from a food safety scare and a bird flu outbreak that crushed sales in its most important market….
Drummond Colombia vote may pressure union to lift strike
BOGOTA (Reuters) – A vote to end a more than six-week-long strike by union employees at U.S. coal miner Drummond’s Colombian operations does not halt the work stoppage, but it may increase pressure for the main union to make that happen, sources said o…
Slovenia to liquidate two small banks as bailout looms
LJUBLJANA (Reuters) – Slovenia – struggling to avoid an economic bailout – will liquidate two small banks, Factor Banka and Probanka, to ensure the financial stability of its banking system, the country’s officials said on Friday.
