Articles

Republic Airways stock in freefall after union decision

Shares in Republic Airways Holdings Inc. continued to plunge Wednesday morning on investor concern that a bankruptcy is possible after Teamsters officials declined to force a vote on the regional carrier’s final contract offer to pilots.

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Union wins closely watched labor case over who’s the boss

More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by the U.S. labor board. The International Franchise Association said the decision is a “seismic shift” in labor law.

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Unemployment rate holds steady as U.S. adds 215K jobs

Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, possible signs of further progress in the U.S. labor market that’s keeping the Federal Reserve on the path toward raising interest rates as soon as next month.

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