BUSINESS NOTES AIRLINE UNION CALLS FOR VOTE TO STRIKE.Byline: - Staff and wire reports WASHINGTON - A union representing 30,000 United Airlines employees will ask its members to authorize a strike after what it called an unsuccessful round of talks with the carrier. ``Despite limited progress in several areas, we no longer believe an agreement is possible,'' union lead negotiator Randy Canale said Friday in a letter to rank-and-file members. Canale is president of the International Association of Machinists and Aerospace Workers The International Association of Machinists and Aerospace Workers is an AFL-CIO/CLC trade union representing approx. 646,933 workers as of 2006 in more than 200 industries. District 141. However, the union has not been released from federally mediated talks with the airline, and they cannot actually go on strike until that happens. Also, if the National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the does release the union from negotiations, there still must be a 30-day cooling-off period An interval of time during which no action of a specific type can be taken by either side in a dispute. An automatic delay in certain jurisdictions, apart from ordinary court delays, between the time when Divorce papers are filed and the divorce hearing takes place. before the strike could begin. Comair pilots OK contract proposal HEBRON, Ky. - Comair's pilots voted Friday to accept a contract proposal, ending a three-month strike that crippled the regional airline, a pilots' union official said. A tentative agreement was reached last week with help from federal mediators. The pilots approved the contract agreement by a vote of 733 to 408. The deal gives them a company-paid retirement plan and the best pay in the regional airline industry. Pilots had complained they are required to be on duty as long as 370 hours a month in order to log 84 to 92 hours in the air. Comair said it expected to resume some service by July 2. Court rules FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. wrong to revoke WASHINGTON - The government should not have revoked wireless licenses from a company that went bankrupt, a federal appeals court has ruled, throwing into doubt the results of a recent auction that raised $17 billion for the Treasury. The U.S. Court of Appeals for the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). said Friday that federal regulators violated bankruptcy laws when they took back the licenses won in a 1996 auction by NextWave Personal Communications. The company, which participated in a special small-business auction, filed for bankruptcy and missed its payment deadlines. The Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. , arguing that the valuable government frequencies should be exempted from bankruptcy law, took back NextWave's licenses and put them back on the auction block. Merck & Co. cuts earnings forecast WHITEHOUSE STATION, N.J. - Drug maker Merck & Co. said its earnings for the second quarter and the year will likely be slightly below expectations because of lower-than-anticipated sales of Vioxx, its arthritis and acute pain medication. Its stock price was down 9 percent in trading Friday. Merck said Friday it expects second-quarter earnings of 77 cents to 79 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The pharmaceutical company said it also expects per-share earnings of $3.12 to $3.18 for the entire year. The estimates are slightly lower than what analysts by surveyed Thomson Financial/First Call had expected: 81 cents per share for the second quarter and $3.20 per share for the year. Sara Lee
Sara Lee Corporation (NYSE: SLE) is a global consumer-goods company based in Downers Grove, Illinois, USA. must pay for fatal meat sale LANSING, Mich. - Sara Lee Corp. pleaded guilty to a misdemeanor Friday and agreed to pay $4.4 million for selling tainted meat blamed for at least 15 deaths and six miscarriages around the country in 1998. The agreement reached with federal prosecutors stresses that Sara Lee's Bil Mar Foods division did not knowingly distribute the bad meat. Bil Mar recalled 15 million pounds of hot dogs and lunch meat after a Michigan plant was linked to an outbreak of the bacterial illness listeriosis Listeriosis Definition Listeriosis is an illness caused by the bacterium Listeria monocytogenes that is acquired by eating contaminated food. The organism can spread to the blood stream and central nervous system. . Along with the deaths, 80 people fell seriously ill. Chicago-based Sara Lee will pay the maximum fine of $200,000 and spend $3 million on food-safety research at Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. . The company will also pay $1.2 million to settle a lawsuit over meat sold to the Pentagon. |
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