4:51 p.m. Oct. 19, 2021
Union Pacific and its unions sue each other over vaccine mandateUnion Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus.
10:43 a.m. July 5, 2021
Andy Jassy officially takes the reins at Amazon from Jeff BezosAmazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
2:38 p.m. June 23, 2021
Teamsters aims to step up efforts to unionize Amazon workersOn Thursday, it will vote on whether to make organizing Amazon workers its main priority. The Teamsters accuse the nation’s second-largest private employer of exploiting employees by paying them low wages, pushing them to work at fast speeds and offering no job security.
3:22 p.m. April 27, 2021
- By Levi Sumagaysay
Top proxy advisers urge Uber investors to approve proposal seeking lobbying disclosureThe two most influential proxy advisory services in the nation are recommending that shareholders vote for a proposal calling for Uber Technologies Inc. to produce a report on its lobbying activities.
8:31 a.m. April 27, 2021
- By Tomi Kilgore
UPS stock breaks out as Pres. Biden's rescue package led to $6.4 billion reduction in pension liabilitiesShares of United Parcel Service Inc. broke out to record highs Tuesday, as they soared 10.8% in afternoon trading to pace the S&P 500's gainers, in the wake of the package delivery giant's . In the two weeks leading up to the earnings report, the stock had closed within a relatively narrow range of $175.81 on Monday to a record $179.71 on April 16. What helped boost UPS profit to a record was the . UPS Chief Financial Officer Brian Newman said on the post-earnings conference all with analysts said that law prompted UPS to remeasure the International Brotherhood of Teamsters' pension plan at current discount rates, "which have significantly increased since year-end," resulting in a $6.4 billion reduction in pension liability. That helped add a $2.5 billion mark-to-market pension benefit to first-quarter net income, which rose to a record $4.79 billion. UPS stock rally helped push the Dow Jones Transportation Average up 203 points, or 1.4%, as well as rival FedEx Corp.'s stock up 4.6%, while the Dow Jones Industrial Average fell 29 points or 0.1%.
9:44 a.m. March 13, 2021
- By Brett Arends
The hopeful news for Social Security buried in the $1.9 trillion bailoutThe pension bailout is hard to justify on any grounds other than compassion