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.
Trying to avert a crippling strike, General Motors Corp. has brokered a deal with the United Auto Workers union that would provide early retirement incentives for more than 125,000 factory workers, including thousands at bankrupt auto supplier Delphi Corp.
In a move to lop off any unnecessary costs weighing it down, Delta Air Lines Inc. asked a bankruptcy court Monday for permission to reject approximately 93 million stock options held by 70,000 current and former employees and directors.
Auto parts supplier Delphi Corp. has been forced to delay the filing of its year-end financial statement with the government amid increasingly tense labor negotiations with General Motors Corp. and the United Auto Workers union.
As the U.S. Department of Labor begins its investigation into Northwest Airlines’ pension plans, the controversy surrounding the bankrupt carrier’s alleged “systematic shortchanging” highlights a deeper problem: how to insure pension plans remain adequately funded in the face of financial difficulties.
Bankrupt Northwest Airlines Corp. hit a wall this week when two employee groups from the International Association of Machinists and Aerospace Workers rejected a new labor contract and authorized a strike.
With employee morale at a delicate point, bankrupt telecommunications company Riverstone Networks Inc. has asked the court to approve a $6.55 million bonus package designed to retain key employees as the company prepares for its upcoming asset sale.
A small patent-holding company is seeking to halt sales of the popular Sidekick wireless e-mail device sold by telecom retailer T-Mobile USA Inc., accusing the company of patent infringement and widespread theft of trade secrets.
Internet search company Yahoo Inc. has sued a growing technology firm in state court, accusing the smaller rival of building its company with trade secrets poached by the six former Yahoo engineers who founded it.
Bankrupt Northwest Airlines Corp. and its flight attendants union reached a pay cut agreement Wednesday, helping the beleaguered airline steer clear of a potential employee strike for now.