(Reuters) -Telecom operator AT&T on Friday ratified agreements with the Communications Workers of America in the Southeast and West, which covers about 23,000 employees across eleven states. The union said workers in the West will receive wage increases of at least 15% over the course of the new four-year collective bargaining agreement while those in …
By David Shepardson (Reuters) -A union representing striking machinists at Boeing said on Friday it is “actively engaged in indirect discussions” with the planemaker that are being facilitated by Acting U.S. Labor Secretary Julie Su. “We are fully committed to these talks. It is our responsibility to attempt to reach a resolution,” said the International …
By Blake Brittain -Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security technology, a jury in California federal court said on Friday. The jury determined that several Western Digital self-encrypting hard drive products infringe a SPEX Technologies patent covering data encryption innovations, a SPEX …
Western Digital owes $315.7 million for infringing data security patent, US jury says Read More »
By David French (Reuters) -The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks. All three major Wall Street benchmarks also comfortably secured a sixth straight …
Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks Read More »
(Reuters) – U.S. health insurer Cigna Group has revived efforts to merge with smaller rival Humana after abandoning the pursuit late last year, Bloomberg News reported on Friday, citing people familiar with the matter. The companies have held informal, early discussions recently about a potential deal, the report said. Shares of Humana, which has a …
Cigna resumes mega merger talks with rival health insurer Humana, Bloomberg News reports Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – Spirit Airlines said on Friday it has reached an agreement with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23. The extension agreement with U.S. Bank National Association provides some breathing room to Spirit to refinance its $1.1 billion loyalty bonds …
Spirit Airlines debt refinancing deadline extended to December Read More »
SAO PAULO (Reuters) -Brazilian planemaker Embraer delivered 57 non-defense aircraft in the third quarter, up 33% from a year earlier, it said on Friday. The world’s third-largest planemaker delivered 16 commercial and 41 executive jets in the quarter ended in September. In a securities filing, Embraer said its firm order backlog reached $22.7 billion at …
Brazil’s Embraer delivers 57 non-defense aircraft in the third quarter Read More »
SAO PAULO (Reuters) -Brazilian food retailer Assai said on Thursday it now forecasts it will open some 10 new stores next year, half the prior estimate of about 20, according to a securities filing. Assai, which operates a chain of stores in a hybrid wholesale format, has started last year to slow down its expected …
Brazil’s Assai cuts estimate for 2025 new store openings Read More »
By Mike Scarcella (Reuters) – A federal judge in California has granted Google’s request to temporarily pause his order directing the Alphabet unit to overhaul its Android app store Play by Nov. 1 to give consumers more choice over how they download software. San Francisco-based U.S. District Judge James Donato made the decision on Friday …
Google granted request to pause order on Play store overhaul Read More »
By Anna Tong and Krystal Hu Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources familiar with the matter. The new company aims to build AI products based on proprietary models, said one of the sources who requested anonymity to discuss private …
