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  • CARACAS, July 6- Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations. The companies said they were filing under a bilateral investment treaty between Spain and Venezuela signed...

  • LeBron James opts out of $24M contract

    The Cleveland Cavaliers star chooses not to pick up his $24-million player option for next season.

  • MEXICO CITY, June 27- Carlos Slim's construction arm has teamed up with three local builders to bid for two runways for Mexico City's new airport worth a combined $1.56 billion, sources say, seeking to snap up major infrastructure projects that survived government cuts. Carso Infraestructura y Construccion, which is part of Slim's Grupo Carso, has agreed to form...

  • NEW YORK, June 20- A federal judge said Uber Technologies Inc can be added as a defendant in an antitrust lawsuit against its chief executive officer over its pricing practices, an outcome the ride-sharing service wanted in its bid to force the case into arbitration. District Judge Jed Rakoff in Manhattan called Uber a "necessary party" to Connecticut passenger...

  • NEW YORK, June 17- Unions representing nearly 40,000 Verizon Communications Inc workers ratified a new labor deal on Friday, the company said, ending a months-long dispute that had prompted a nearly 7- week employee strike. The action was called by the Communications Workers of America and the International Brotherhood of Electrical Workers.

  • BERLIN, June 10- Lockheed Martin Corp, the Pentagon's top supplier, on Friday said it hoped to complete quickly long-delayed contract negotiations with the Pentagon for the next two batches of F-35 fighter jets, orders worth about a combined $15 billion. Lockheed and Pentagon officials had initially hoped to complete the negotiations by the end of the year, and...

  • *Productivity falls at revised 0.6 percent rate in Q1. WASHINGTON, June 7- U.S. nonfarm productivity fell less sharply than previously thought in the first quarter, but labor-related costs still surged as companies employed more workers to boost output. The Labor Department said on Tuesday productivity, which measures hourly output per worker, contracted at an...

  • WASHINGTON, June 7- U.S. nonfarm productivity fell less sharply than previously thought in the first quarter, but labor-related costs still surged as companies employed more workers to boost output. The Labor Department said on Tuesday productivity, which measures hourly output per worker, contracted at an annualized rate of 0.6 percent, instead of the 1.0...

  • QUITO, June 6- DP World Ltd will invest $1.2 billion to construct and operate Ecuador's first deepwater port, despite criticism of the lack of a public tender. The Dubai- based company signed a contract on Monday to develop, construct facilities and offer services at the Port of Posorja for a period of 50 years. "For the country, the work represents $1.2 billion in...

  • U.S. federal mediators directed the parties to resolve contract language issues next week ahead of a new final mediation session during the week of June 20, the Association of Flight Attendants-CWA said in an online notice. Flight attendants from United and Continental Airlines, which merged in 2010, still staff separate flights and operate under different...

  • Texaco filed several lawsuits in the 1990 s accusing Ecuador of violating the contract. Chevron initiated an arbitration proceeding at The Hague in 2006, claiming Ecuador's courts failed to resolve the lawsuits in a timely manner, violating a treaty between Ecuador and the United States. Ecuador said the arbitration tribunal has no jurisdiction in the case...

  • ZURICH, June 5- Swatch Group has signed a contract with Chinese car maker Geely allowing it to use an innovative battery developed by the watchmaker's research firm Belenos, its chief executive said in an interview on Sunday. "We're giving Geely the possibily to use our revolutionary battery system," Nick Hayek told NZZ am Sonntag. "This is a first breakthrough for...

  • CARACAS, May 26- Venezuela's opposition-led National Assembly on Thursday warned that contracts signed between the leftist government and foreign companies without lawmakers' approval would be null. "We're going to tell all the embassies that the only valid contracts are those reviewed by the National Assembly," its President Henry Ramos said.

  • BRASILIA, May 20- Brazil's federal police on Friday said they widened a probe of construction conglomerate Odebrecht SA to investigate possible money laundering and influence peddling in contracts awarded for projects in Angola. At least one relative to former president Luiz Inacio Lula da Silva was targeted by the operation that included four search and...

  • WASHINGTON, May 16- Colombia has failed to enforce worker protections in a free trade agreement with the United States, U.S. and Colombian labor unions said on Monday, raising questions about similar provisions in the massive Trans-Pacific Partnership trade deal. In a complaint, filed with a division of the U.S. Labor Department, the unions said threats and acts...

  • BUENOS AIRES, May 14- Argentina has agreed to pay $217 million to two energy companies in long-standing arbitration cases stemming from its 2001/ 02 economic crisis, part of the center-right government's efforts to lure back foreign investors. The country will pay damages to Britain's BG Group, now owned by Royal Dutch Shell, and U.S. firm El Paso Energy, now owned...

  • May 10- The U.S. Attorney's Office for the Southern District of New York is investigating contracts between drugmakers and companies that manage prescription benefits, according to regulatory filings. Federal prosecutors have approached at least three companies, including Johnson& Johnson, Merck& Co and Endo International Plc, demanding information about...

  • May 10- The U.S. Attorney's Office for the Southern District of New York is investigating contracts between drugmakers and companies that manage prescription benefits, according to regulatory filings. Federal prosecutors have approached at least three companies, including Johnson& Johnson, Merck& Co and Endo International Plc, demanding information about...

  • WASHINGTON, May 5- New rules proposed on Thursday by a U.S. consumer watchdog would block credit card companies, banks and other firms from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau said financial firms should be barred from using fine print in...

  • WASHINGTON, May 5- A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau proposed barring financial firms from including fine print in...