In an attempt to stave off a possible strike at bankrupt auto parts maker Delphi Corp., General Motors Corp. has petitioned the judge overseeing the erstwhile GM subsidiary’s Chapter 11 proceedings to postpone the ongoing hearings on Delphi’s motion to cancel its labor pacts.
Computer software giant Microsoft Corp. lied to the U.S. Patent and Trademark Office to get patents for data storage technology after stealing trade secrets, according to a patent infringement lawsuit filed by security software company Symantec Corp.
Joining the ranks of other automotive companies that can’t seem to cut a deal with their workers, Tower Automotive Inc. was given an extension Friday to work out an agreement on cutting labor costs.
Allied Holdings Inc., the largest auto hauler in the United States, may be on the road to sound financial standing after receiving court permission to cut the salaries of its union workers by 10% for the next two months.
The patent battle between computer makers Azul Systems Inc. and Sun Microsystems is heating up, with Sun filing a countersuit against Azul alleging patent infringement and trade secret misappropriation.
A U.S. Securities and Exchange filing last week showed that Delphi Corp. will not deliver on price rebates it had previously promised to General Motors Corp., a revelation that comes against the backdrop of a bitter legal battle between Delphi and the labor unions that represent its workers.
Fearing a free-for-all, Delphi Corp.'s largest union has asked the court to bar the company's creditors, a hedge fund and a group of bondholders from taking part in next month’s hearing to decide whether the bankrupt auto parts supplier can void its union contracts.
Hedge fund Appaloosa Management LP has asked a bankruptcy judge to bar Delphi Corp. from throwing out its labor union deals and its money-losing contracts with General Motors Corp.
Narrowly averting—at least for the moment—what would have been a crippling strike, Delta Air Lines and its pilots union have reached a tentative deal on pay and benefit cuts, although the carrier’s future remains shaky, with liquidation a lingering possibility.
Citing fears of liquidation, auto-hauling company Allied Holdings Inc. filed a motion in bankruptcy court Thursday, seeking interim relief from its collective bargaining agreement with the Teamsters Union.
Pilots for bankrupt Northwest Airlines Corp. will hold an $888 million claim to be paid in stock once the airline carrier emerges from its Chapter 11 proceedings, according to a tentative agreement reached between the union and the carrier.
In a victory for startup semiconductor company Axiom Microdevices Inc., a federal jury has unanimously rejected the patent infringement claims of a rival, but upheld one charge that Axiom had misappropriated trade secrets.
Delta Airlines subsidiary Comair will resume talks with flight attendants unions in hopes of avoiding a work stoppage that could happen if a judge agrees to cancel their contracts at the behest of Comair’s management.
With a strike looming ever closer, the pilots union at bankrupt Delta Air Lines Inc. has received final approval for a $10 million grant from the major contingency fund this week, as the labor organization continues to solidify its plans for a walkout.
A month after reaching a tentative agreement with bankrupt Northwest Airlines, an overwhelming majority of flight attendants are now seeking to replace the union that negotiated the deal with a different labor organization.
As Delphi heads to court looking to void its labor contracts, the threat of widespread strikes at the parts maker could spell trouble for already-struggling General Motors.
With a massive strike on the horizon, bankrupt auto parts supplier Delphi Corp. has forged ahead with its anticipated and highly controversial restructuring plan, asking a federal bankruptcy court on Friday to void its labor contracts in a move that will spurn layoffs of up to 8,500 salaried workers and the sale or closure of 21 of its 29 U.S. plants.
As tense negotiations continued this week between bankrupt auto-parts supplier Delphi Corp. and the United Auto Workers union, the threat of a crippling strike is looming after union officials rejected an offer by Delphi that included a 35% pay cut in hourly wages.
In a potentially costly setback for General Motors Corp., a state supreme court has ruled the auto maker must face a new trial – this time with a jury – in the $1.4 billion trade secret lawsuit filed by an obscure inventor.
Eight former Refco brokers have reached a settlement over allegations that they left Refco for a rival firm just days after the company became plagued by an accounting scandal and that they lured clients away from Refco as it was slipping into bankruptcy in October.