- Treasury Set to Unveil PPIP; Ross, GE Capital Participate
- UK Freezes $100 Million Stanford-Linked Assets
- Madoff Investors Were 'Greedy': Hedge Fund Manager
- GM Close to Opel Deal with RHJ: Report
- Japan Job Woes Deepen But Consumption Points Up
- J&J Unit Wins $1.67 Billion Verdict Against Abbott Labs
- Britain's Queen Will Run Out of Money by 2012: Report
- Slideshow: A Rogues Gallery of Financial Crime
- Buffett in Belt, Suspenders as Tide Went Out: Analyst
- Wall Street's Fear Gauge Suggests Worst is Over
- Yoshikami: July Earnings BETTER Be Better
- Art Cashin: Here's When Rallies Die
- Top Strategists' Plays for the Second Half
- The "New" Michael Jackson Fortune
- Hollywood Cashing In On Financial Crisis
- Warren Buffett Wearing "Belt and Suspenders" As Tide Went Out - KBW Analyst
- Winners & Losers Since March 9th Low
- Sports Poker Event Trying To Buck Recession
- Turkish economy shrank 13.8 percent in Q1
- New Mumbai bridge to open after a decade of delay
- American Airlines to shut down Conn. call center
- Rig work resumes in Vicksburg
- Construction of new Soo shipping lock beginning
- Discounts abound as tourism to Thailand drops
- HMV full year profits fall by half
- OECD warns of crisis' threat to world's migrants
- Hard choices on 4 big issues stymie health push
MGM Grand workers in Las Vegas approve contract
LAS VEGAS - Workers at the MGM Grand hotel-casino on the Las Vegas Strip have approved a five-year contract and have agreed to defer raises for this year until June 1, 2010.
The agreement ratified Saturday covers nearly 2,500 workers from the Culinary union and bartenders union.
The unions agreed to defer the raises to help casinos cope with a bad economy that has battered tourism in Las Vegas.
The new contract calls for an annual cost-of-living raise. Workers will keep their family health insurance plan and not be required to pay premiums, and parent company MGM Mirage agreed to maintain company contributions to the employee pension fund.
___
Information from: Las Vegas Review-Journal, http://www.lvrj.com
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



