Reuters US Business

(Reuters) – Apollo Global Management Inc co-founder Leon Black paid $62.5 million to the U.S. Virgin Islands to avoid any legal claims tied to a Jeffrey Epstein sex-trafficking investigation, the New York Times reported on Friday. The Times obtained a copy of the settlement agreement from the Virgin Islands government through a public records request. …

Investor Leon Black settles with US Virgin Islands over Epstein probe Read More »

By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) -A U.S. court set Oct. 23 as the start date for a long-expected auction of shares in Venezuela-owned refiner Citgo Petroleum’s parent to pay creditors with judgments against the South American nation. The sale process lays out a schedule that could lead to formal approval of any …

US court sets Oct. 23 start for Citgo share auction process Read More »

(Reuters) – American Airlines Group Inc on Friday said it raised the value of its contract offer to pilots by more than $1 billion to match a more generous deal at United Airlines after American’s union warned that ratification was in jeopardy. The Texas-based carrier said the changes bring the total value of the four-year …

American Airlines increases offer to pilots by $1 billion, matching United Read More »

By Kanishka Singh WASHINGTON (Reuters) – U.S.-based consulting firm Booz Allen Hamilton Holding agreed to pay the United States $377.4 million to resolve allegations of violating federal law by improperly billing commercial and international costs to its government contracts, the Justice Department said. Under government contracting rules, there must be a nexus between the costs …

Booz Allen to pay $377.4 million to settle US charges over past billing practices Read More »

By Jonathan Stempel (Reuters) – A federal appeals court on Friday said it will reconsider its recent decision that Tesla Chief Executive Elon Musk violated federal labor law by tweeting that employees would lose stock options if they joined a union. The 5th U.S. Circuit Court of Appeals in New Orleans granted Tesla’s request to …

US appeals court to reconsider decision on Elon Musk tweet about unions Read More »

By Steve Scherer OTTAWA (Reuters) -Leaders of a dock workers union in Canada’s Pacific region on Friday backed a tentative contract deal with employers and will soon recommend ratification to members, likely ending a standoff that led to a crippling 13-day strike. On Tuesday, “there will be a stop work meeting … to recommend the …

Canada’s port workers union leadership backs new contract deal Read More »