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  • More than 1,700 FairPoint workers go on strike Friday, 17 Oct 2014 | 12:01 AM ET

    PORTLAND, Maine— Frustrated over a negotiating stalemate, more than 1,700 FairPoint Communications workers in Maine, New Hampshire and Vermont went on strike Friday, with picket-wielding employees demanding that the telecommunications company return to the bargaining table. But striking workers who staff call centers and maintain the region's...

  • Unions to go on strike against FairPoint Thursday, 16 Oct 2014 | 8:37 PM ET

    PORTLAND, Maine— Two unions representing more than 1,700 FairPoint Communications workers in Maine, New Hampshire and Vermont announced they were going on strike early Friday after a failed attempt hours earlier to re-engage the company in negotiations. The unions have offered "significant concessions" but the company wasn't interested, said Peter...

  • FairPoint freezes pensions for workers Tuesday, 14 Oct 2014 | 10:22 AM ET

    PORTLAND, Maine— The employee contract FairPoint is imposing over the objections of two unions representing 2,000 workers in Maine, New Hampshire and Vermont became even more real Tuesday with the company freezing the old pension plan. "The changes that we're making will ensure FairPoint's ability to price products competitively in the 21st century...

  • Oct 7- Wal-Mart Stores Inc, the biggest U.S. private sector employer, said on Tuesday that its 1.3 million workers would have to pay more for healthcare and it would end benefits for some part-time staff in a move that could prompt other companies to follow suit. In addition, Wal-Mart will end coverage for employees who work fewer than 30 hours a week, a change that...

  • Oct 7- Wal-Mart Stores Inc, the biggest private-sector employer in the United States, said on Tuesday it was ending healthcare coverage for tens of thousands of part-time workers to cut costs in a move that could prompt other companies to follow suit. Wal-Mart flagged rising health care costs as a problem in August, when it cut its annual profit forecast.

  • Oct 7- Wal-Mart Stores Inc, the biggest private sector employer in the United States, said on Tuesday it would no longer provide health benefits to some of its U.S. part-time workers due to ballooning healthcare costs. "Like every company, Wal-Mart continues to face rising health care costs," Sally Welborn, the company's senior vice president of global benefits...

  • Oct 7- Wal-Mart Stores Inc said it would no longer provide health benefits to some part-time workers in the United States due to ballooning healthcare costs. Wal-Mart cut its full-year profit forecast in August, citing higher employee benefit costs, among other things. The company said then that it expected to spend $500 million on U.S. healthcare this year, up...

  • Oct 3- The Trump Taj Mahal casino failed on Friday to get immediate court approval to end its union pension obligations, a key condition for a $100 million rescue plan backed by billionaire investor Carl Icahn. The setback may be only temporary for Trump Entertainment Resorts Inc, bankrupt owner of the Taj Mahal. Bankruptcy Judge Kevin Gross in Wilmington,...

  • SACRAMENTO, Calif., Oct 1- The judge presiding over the Stockton, California, bankruptcy case said on Wednesday that he will wait until late October to make a final ruling over whether the city can exit bankruptcy. In that case, the city's pension plans have agreed to accept benefit reductions, but the Detroit bankruptcy is not yet resolved. "This ruling is not legally...

  • WASHINGTON, Sept 16- Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson& Johnson, unveiled a campaign on Tuesday to reduce the nation's healthcare costs, urging their peers to embrace wellness programs to improve employee health.

  • WASHINGTON, Sept 16- Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson& Johnson, unveiled a campaign on Tuesday to reduce the nation's healthcare costs, urging their peers to embrace wellness programs to improve employee health.

  • RIVERSIDE, Calif., Sept 11- The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday.

  • SHANGHAI/ DONGGUAN, Sept 11- About 16,000 workers at two subsidiaries of Taiwanese touch-screen maker Wintek Corp went on strike over holiday benefits this week in southern China in one of the biggest work stoppages this year, the Xinhua news agency reported.

  • SHANGHAI, Sept 11- About 16,000 workers at two subsidiaries of Taiwanese touch-screen maker Wintek Corp went on strike over holiday benefits this week in southern China in one of the biggest work stoppages this year, the Xinhua news agency reported.

  • NEW YORK, Sept 10- U.S. health insurance premiums are going up only 3 percent this year, to an average of $16,834 for a family. The Kaiser Family Foundation's 2014 Employer Health Benefits report says that rate increases are slowing from recession highs that ran far above inflation rates.

  • Many spend HOW LONG picking health plans?! Thursday, 4 Sep 2014 | 12:23 PM ET

    Forty-one percent of those surveyed said the spent 15 minutes or less researching their health insurance plan in 2013, USA Today reports.

  • LOS ANGELES, Aug 19- The California Public Employees' Retirement System, America's largest public pension fund, is expected to approve nearly 100 types of extra pay on Wednesday that will count toward how pensions are calculated for newly hired workers.

  • China's Yue Yuen H1 profit falls 48 pct on staff benefits Wednesday, 13 Aug 2014 | 9:01 PM ET

    HONG KONG, Aug 14- Chinese shoe manufacturer Yue Yuen Industrial Holdings Ltd posted a 48 percent fall in first-half net profit as it booked provisions to improve employee benefits- steps it has taken after it suffered from a major strike earlier this year.

  • NEW YORK, Aug 13- When benefits enrollment season arrives this fall, employees around the country can expect to see the impact of corporate cost-cutting on their finances.

  • With volatility and geopolitical risks picking up this summer, some in the financial markets are questioning whether to put vacation plans on hold.