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Beef recall announced over E. coli fears
JOLIET, Ill., June 30 (UPI) -- Heavy equipment producer Caterpillar Inc. said talks to end the strike at its Joliet, Ill., facility had stalled.
As the strike headed into a third month, "The company rejected a proposal from the union that was unacceptable," said company spokesman Rusty Dunn in a statement.
Dunn said a federal mediator met with union negotiators "without any success."
The Chicago Tribune reported Saturday that machinists aligned with Local 851 of the International Association of Machinists and Aerospace Workers are holding out for cost-of-living raises and better healthcare benefits.
The company has also proposed eliminating seniority and pension agreements, freezing wages for six years and doubling healthcare contributions from employees.
About 750 union workers are on strike, although about 50 have crossed the picket lines, the Tribune reported.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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