(Reuters) – General Electric Co’s workers have ratified a two-year contract extension that provides for a 12% rise in wages, their union said on Wednesday. The contract extension, which covers about 3,000 American workers of GE, will also ensure labor protections after the spinoff of the company’s aerospace and energy divisions, according to the International…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Florida Governor Ron DeSantis’ new oversight board has discovered another “11th hour agreement” that allows Walt Disney Co to set its own utility rates at its Orlando theme parks, the board’s chairman said on Wednesday. A Disney subsidiary, which provides utility services to the central Florida district…
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a two-week low on Wednesday despite a sharp decline in U.S. crude inventories, as the dollar strengthened on fears that looming Federal Reserve interest rate hikes could curb energy demand in the world’s top consumer. A stronger U.S. dollar can hurt global demand…
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against…
By Daniel Wiessner (Reuters) – President Joe Biden had the power to require employees of federal contractors to receive COVID-19 vaccinations, a U.S. appeals court ruled on Wednesday, throwing out a judge’s ruling that had blocked the mandate in Arizona. A panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said the 2021…
By Daniel Wiessner (Reuters) – Amazon.com Inc must face a proposed U.S. nationwide class action accusing the company of illegally monitoring private Facebook groups that delivery drivers used to discuss working conditions, a U.S. appeals court said on Wednesday. A divided panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said an agreement…
WASHINGTON (Reuters) -Three Democrats in the Tennessee legislature who faced expulsion over their participation in gun control protests will visit the White House on Monday as U.S. President Joe Biden continues to press for an assault weapons ban, the White House said. Biden wants to “thank them for speaking out and standing their ground and…
By Dietrich Knauth (Reuters) -The Boys Scouts of America said on Wednesday it had emerged from bankruptcy after battling back appeals over its $2.46 billion settlement of decades of sexual abuse claims. The Boy Scouts’ three-year Chapter 11 bankruptcy case resulted in the largest sexual abuse settlement fund in U.S. history and resolves claims by…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday grappled with a convicted stalker’s claim that thousands of unwanted Facebook messages he sent to a female musician in Colorado were protected speech in a case testing the limits of the U.S. Constitution’s First Amendment safeguards. In arguments in the case, the justices…
(Reuters) -Lawyers for Tyre Nichols’ family filed a $550 million federal lawsuit against the city of Memphis on Wednesday, seeking damages in the beating death in January of the 29-year-old Black man at the hands of police, attorney Ben Crump said. The lawsuit and the massive award that the family is seeking are meant to…
