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| LAN pilots in Colombia refuse overtime to press labor dispute Friday, Oct 04, 2013 08:46 PM PDT  BOGOTA (Reuters) - Unionized pilots at the Colombian subsidiary of Chilean airline LAN said on Friday they would refuse to work overtime amid a labor dispute, after a similar protest by pilots at Colombian airline Avianca ended this week with a pay increase. The Colombian Association of Civil Aviators (Acdac) said LAN's 34 unionized pilots in Colombia would refuse overtime complaining that anti-union policies at the company meant fewer than 20 percent of around 200 pilots were union members. ... Full Story | Top |
| Detroit union wins victory worth 'refund on deck of Titanic' Friday, Oct 04, 2013 08:09 PM PDT  By Joseph Lichterman (Reuters) - Detroit's largest public sector union scored a symbolic victory Friday when a Michigan administrative law judge reinstated an extra annual pension check for city workers and retirees, although the judge in the city's bankruptcy case has prohibited enforcement of the ruling. Bankruptcy Judge Steven Rhodes earlier this week allowed Administrative Law Judge Doyle O'Connor to rule on the so-called 13th check before O'Connor's retirement on Friday. But Rhodes forbade the parties from pursuing the matter further. ... Full Story | Top |
| Heavy snow hits west-central U.S., forces road closures Friday, Oct 04, 2013 06:52 PM PDT  By Kevin Murphy (Reuters) - A rare and fierce October snowstorm rolled out over the central Rocky Mountains on Friday, downing trees and forcing closures of state offices and 380 miles of Interstate 90 across parts of Wyoming and South Dakota, state highway officials said. The storm dropped up to 37 inches of snow in parts of the Black Hills region of western South Dakota, according to a Rapid City National Weather Service report. "It's not normal this time of year, but it is not unheard of," said Cory Martin, meteorologist for the National Weather Service in North Platte, Nebraska. ... Full Story | Top |
| BlackBerry hit with securities shareholder class action Friday, Oct 04, 2013 06:35 PM PDT By Nick Brown NEW YORK (Reuters) - A shareholder of BlackBerry Ltd sued the company and its executives on Friday, accusing them of inflating the stock price by painting a misleadingly rosy picture of the business prospects of its BlackBerry 10 smartphone line. ... Full Story | Top |
| Exclusive: Cisco, Google, SAP discussing BlackBerry bids - sources Friday, Oct 04, 2013 05:17 PM PDT  By Nadia Damouni, Soyoung Kim and Nicola Leske NEW YORK/SAN FRANCISCO (Reuters) - BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said. Such a deal would be an alternative to the preliminary agreement reached weeks ago with a group, led by BlackBerry's biggest shareholder, Fairfax Financial Holdings, to take the company private for about $4.7 billion, a bid which has faced some skepticism because of financing questions. ... Full Story | Top |
| Alex Rodriguez sues Major League Baseball, Selig Friday, Oct 04, 2013 04:27 PM PDT  By Ellen Wulfhorst NEW YORK (Reuters) - New York Yankees slugger Alex Rodriguez has sued Major League Baseball and Commissioner Bud Selig and accused them of trying to destroy his reputation and his career. The embattled third baseman also filed an additional malpractice lawsuit against the Yankees team doctor Chris Ahmad and a New York hospital for misdiagnosing a hip injury, according to MLB.com. ... Full Story | Top |
| Fox TV renews animated series 'The Simpsons' for 26th season Friday, Oct 04, 2013 04:20 PM PDT LOS ANGELES (Reuters) - America's leading animated dysfunctional family "The Simpsons" will be continuing their antics for a 26th season, the Fox broadcast network said on Friday, cementing the show's status as the longest-running animated series in U.S. television history. "The Simpsons," now in its 25th season, is a staple at Fox television, as its leading family - Homer, Marge, Bart, Lisa and Maggie - have become globally recognized figures of popular culture. The show is also the longest-running sitcom and primetime scripted series in U.S. history. ... Full Story | Top |
| Washington still deadlocked on shutdown and debt ceiling Friday, Oct 04, 2013 04:07 PM PDT  By Thomas Ferraro and Caren Bohan WASHINGTON (Reuters) - Washington headed into the fifth day of a partial government shutdown with no end in sight even as another, more serious conflict over raising the nation's borrowing authority started heating up. The U.S. House of Representatives prepared for a Saturday session but with no expectations of progress on either the shutdown or a measure to raise the nation's $16.7 trillion debt ceiling. Congress must act by October 17 in order to avoid a government debt default. ... Full Story | Top |
| Exclusive: With IPO elusive, Avaya explored sale to Oracle this year - sources Friday, Oct 04, 2013 03:51 PM PDT  By Nicola Leske, Soyoung Kim and Greg Roumeliotis SAN FRANCISCO/NEW YORK (Reuters) - Avaya Inc's private equity owners explored selling the telecommunications equipment company earlier this year, instead of taking it public, and had talks with Oracle Corp, three people familiar with the matter said this week. Silver Lake and TPG Capital LP, which took Santa Clara, California-based Avaya private for $8.4 billion in 2007, held discussions with hardware and software giant Oracle in the first half of 2013 about a deal, but the talks fizzled in the last few months, the people said. ... Full Story | Top |
| Atossa recalls breast health device, shares tumble Friday, Oct 04, 2013 03:46 PM PDT (Reuters) - Atossa Genetics Inc said it would recall a medical device used to collect breast fluid for cancer detection along with a test that uses it, seven months after the U.S. Food and Drug Administration said the device needed additional clearance. Atossa, whose shares fell 46 percent in extended trading, said the MASCT system and the ForeCYTE test may produce false results. The FDA's warning letter on February 21 said the system required additional clearance as changes were made to the collection process after its approval. ... Full Story | Top |
| With U.S. government shut, private data providers step in Friday, Oct 04, 2013 03:43 PM PDT  By Tom Polansek CHICAGO (Reuters) - When the U.S. Department of Agriculture went dark this week due to the partial government shutdown, phones lit up at commodities firm Urner Barry. The USDA typically provides quotes on beef, pork and chicken prices, but 156-year-old New Jersey-based Urner Barry quickly became the go-to source for livestock traders searching for market quotes. "It's certainly been more active around here," said Jim Kenny, director of business development for the firm. Urner Barry is not alone. ... Full Story | Top |
| Good news for tax delinquents: shutdown halts new asset seizures: IRS Friday, Oct 04, 2013 03:23 PM PDT By Patrick Temple-West WASHINGTON (Reuters) - The U.S. Internal Revenue Service said on Friday that it has stopped initiating new asset seizures from tax delinquents during the government shutdown and is enforcing seizures only in "extremely limited" instances. During the shutdown, the "IRS is not sending out levies or liens," an agency spokeswoman said in a statement to Reuters. Under tax law, the IRS can seize property from U.S. citizens who have not paid their taxes. Known as levies, such seizures can target bank account balances, real estate or other assets. ... Full Story | Top |
| Fed official: New chair to face key test on keeping policy easy Friday, Oct 04, 2013 03:11 PM PDT  By Alister Bull (Reuters) - The key challenge for the next chair of the Federal Reserve will be resisting pressure for a premature tightening in monetary policy, a senior U.S. central banker said on Friday. Narayana Kocherlakota, president of the Minneapolis Federal Reserve and one of several policy doves arguing the case for more action to spur U.S. hiring, said most observers think the main problem for the Fed will be ending ultra-easy money. He said it is not. "The real test for us ... ... Full Story | Top |
| Analysis: IT experts question architecture of Obamacare website Friday, Oct 04, 2013 03:04 PM PDT  By Sharon Begley NEW YORK (Reuters) - Days after the launch of the federal government's Obamacare website, millions of Americans looking for information on new health insurance plans were still locked out of the system even though its designers scrambled to add capacity. Government officials blame the persistent glitches on an overwhelming crush of users - 8.6 million unique visitors by Friday - trying to visit the HealthCare.gov website this week. The U.S. ... Full Story | Top |
| Memories of Facebook cloud Twitter's IPO Friday, Oct 04, 2013 03:01 PM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media's company's highly anticipated debut. In stark contrast, the investment company has not fielded any calls about Twitter as of Friday morning. "Not a single call yet," said Tim Lesko, the principal at Granite Investment Advisors, who added that he himself will hold back until he sees a few more quarters of financial results. "We want to start seeing numbers," he said. ... Full Story | Top |
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