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By Kanishka Singh WASHINGTON (Reuters) – The United Auto Workers (UAW) union has filed a labor complaint against Republican presidential candidate and U.S. Senator Tim Scott after his suggestion that auto workers on strike should be terminated. THE TAKE Shawn Fain, the president of UAW, filed a complaint with the National Labor Relations Board, claiming …

UAW union files labor complaint against US Senator Tim Scott Read More »

(Reuters) -The U.S. Equal Employment Opportunity Commission (EEOC) on Friday said it sued United Parcel Service for disability discrimination, alleging the delivery firm refused to hire deaf or hearing-impaired individuals as drivers. The agency said the Department of Transportation (DOT) has authorized the practice of employing those individuals to drive vehicles weighing more than 10,000 …

US employment commission sues UPS, alleging discrimination against deaf driver candidates Read More »

(Reuters) – Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal reported on Friday, citing people familiar with the talks. The company has proposed to close roughly 400 to 500 stores in bankruptcy, and …

Rite Aid plans to shut down hundreds of stores in bankruptcy – WSJ Read More »

(Reuters) -Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle’s proxy statement filed on Friday. Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023, the proxy said. Ampere builds custom server chips based on Arm technology that compete with designs …

Oracle spends more than $100 million on Ampere chips Read More »

By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Friday called for meaningful progress in making changes to the World Trade Organization by a ministerial meeting in February, with better tools needed to handle China’s “non-market” practices. The U.S. was committed to a reformed WTO that was focused on its “foundational goals,” marked …

WTO needs progress on ‘non-market’ practices, dispute settlement -USTR’s Tai Read More »

(Reuters) – Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its Asia Pacific segment. The move is expected to improve the segment’s operating income by approximately $50 million to $55 million in 2025, the tire manufacturer …

Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific Read More »

(Reuters) – Fox Corp’s former chairman Rupert Murdoch’s total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday. The media mogul stepped down from his role on Thursday after a career spanning more than seven decades and handed the reins to his son, Lachlan Murdoch, who will become …

Rupert Murdoch’s 2023 pay at Fox swells 24% to $22.9 million Read More »