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Labor Unions

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  • How to fix unfair CEO pay system: AFL-CIO president Wednesday, 13 May 2015 | 9:31 AM ET
    Richard Trumka

    Shareholders should be given the power to decide CEO pay to scale back outsized executive compensation, AFL-CIO President Richard Trumka says.

  • CEOs new 'royalty' in America: Richard Trumka Wednesday, 13 May 2015 | 8:05 AM ET
    CEOs new 'royalty' in America: Richard Trumka

    Richard Trumka, AFL-CIO president unveils this year's list of the nation's highest paid executives, and weighs in on the disparity between wage ratios. And Ken Langone, shares his views on why education is vital in the wage debate.

  • Will Indonesia's Mideast maid ban backfire? Thursday, 7 May 2015 | 10:08 PM ET
    Indonesian activists protest against the death penalty, in response to the execution of 2 Indonesian maids in Saudi Arabia.

    Indonesia has imposed a ban on any more of its domestic helpers from working in 21 Middle Eastern countries, but will the move backfire?

  • May 5- Southwest Airlines Co said Tuesday that it has reached a tentative agreement with the Transport Workers Union 550, the union that represents its 250 dispatchers who help oversee flight operations. The tentative deal provides "adjusted wage-scale increases" and would extend the dispatchers' contract for four years, the company said in a statement.

  • BUENOS AIRES, May 5- Argentina soyoil shipments were slowed on Tuesday by the start of a wage strike by a union representing 20 percent of the country's crushing workers, while the powerful CGT dock-workers union debated whether to join work stoppage. If the soyoil workers strike spreads to other unions representing stevedores at Argentina's key grains hub of...

  • Need to close the gap on unequal pay: Jarrett Thursday, 30 Apr 2015 | 10:50 AM ET
    Need to close the gap on unequal pay: Jarrett

    Valerie Jarrett, senior advisor to the President of the United States, discusses weak GDP growth; female labor participation rate; and Baltimore protests.

  • DETROIT, April 29- General Motors on Thursday will announce a multibillion-dollar, multiyear investments in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said. The announcement comes as GM and the United Auto Workers union gear up to negotiate a new master contract this fall for GM's...

  • WASHINGTON, April 28- The leader of the largest federation of U.S. labor unions has called on Hillary Clinton and other presidential hopefuls to oppose an Obama administration trade pact. AFL-CIO President Richard Trumka on Tuesday delivered his first address about the U.S. presidential election in November 2016, laying out criteria the federation's 56...

  • ATHENS, April 24- Greece's parliament on Friday approved a decree forcing state entities to lend cash to the near-bankrupt state, defying protests by municipalities and labor unions. Just weeks away from running out of cash, Athens has been tapping into the cash reserves of public sector entities through so-called repo transactions to cover its needs.

  • President Barack Obama said on Friday a new trade agreement with Asia that is being negotiated would benefit not just U.S. businesses, but also American workers. Obama said during a news conference that some Democrats and labor unions would oppose the deal, while others "believe that we cannot stop a global economy at our shores." But he said previous trade...

  • HOUSTON, April 16- Striking workers at the Marathon Petroleum Corp's Galveston Bay refinery in Texas City, Texas, rejected the company's final contract offer, said an official of the United Steelworkers union local representing the workers. In rejecting the offer, the union said told Marathon it was willing to resume negotiations on Monday in an effort to end...

  • Gawker writers trying to unionize Thursday, 16 Apr 2015 | 4:04 PM ET
    Members of the CIO Local 211 iron, steel and tin workers wear signs supporting the union during a strike in Pittsburgh, circa 1937.

    Members of Gawker Media's staff have announced an attempt to unionize, saying they want to make the company more 'functional' and 'fair.'

  • NORTH CHARLESTON, South Carolina, April 14- Labor union officials say they could postpone a vote seeking to organize 3,000 workers at Boeing Co's factory here in South Carolina if their campaign fails to gain enough traction against fierce opposition from the company and local politicians. Organizers for the International Association of Machinists are...

  • EXCLUSIVE-LABOR UNION SAYS COULD POSTPONE VOTE TO ORGANIZE BOEING'S NORTH CHARLESTON PLANT.

  • NORTH CHARLESTON, South Carolina, April 14- Labor union officials say they could postpone a vote seeking to organize 3,000 workers at Boeing Co's factory here in South Carolina if their campaign fails to gain enough traction against fierce opposition from the company and local politicians. Organizers for the International Association of Machinists are...

  • April 8- Ballooning pension payments, difficult negotiations with labor unions and threatened state funding cuts are some of the challenges facing Rahm Emanuel, who won a second term as Chicago's mayor on Tuesday. As a result, rating agency Moody's Investors Service has dropped Chicago's general obligation credit rating six notches since 2010 to Baa2, two...

  • Why Vietnam’s positives aren’t boosting stocks Thursday, 2 Apr 2015 | 10:56 PM ET
    Stock prices are shown on a ticker outside a securities firm in Hanoi, Vietnam.

    Vietnam's economy seems to have it all – good demographics, rising incomes and growing consumption – but that's not enough to boost its stock market.

  • West Coast port fiasco over? Not so fast Wednesday, 1 Apr 2015 | 10:54 AM ET
    A shipping container is moved at the Port of Oakland.

    Serious damage has been done to the West Coast ports business and it needs to be addressed quickly, say the CEOs of the US Chamber, NRF and NAM.

  • MCD vs. NLRB: McProblem? Monday, 30 Mar 2015 | 3:35 PM ET
    MCD vs. NLRD: McProblem?

    CNBC's Kate Rogers reports the National Labor Relations Board will begin weighing whether or not McDonald's is a joint employer with its franchised lotions. What's at stake, with Paul Millus, employment attorney.

  • DETROIT, March 25- The United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top priority in contract talks this summer, but more jobs and production are shifting to U.S. plants without unions and Mexico. Earlier this week, General Motors Co said it would build a factory in Mexico to assemble a new generation of...