United Auto Workers union has approved a new four-year contract with Fiat Chrysler. UAW members at Fiat Chrysler’s U.S. factories voted 77 percent in favor of the agreement, the union said. The contract covers 40,000 workers at 23 U.S. factories.
Dewey & LeBoeuf top executives avoided potential prison terms after a Manhattan jury failed to agree on whether the three lied to investors in the run-up to the largest law-firm bankruptcy in history.
Amazon is stepping up its fight against bogus product reviews on its online shopping site, suing more than 1,000 people for allegedly offering to post glowing write-ups for as little as $5 apiece.
Barclays, the British bank, and the U.S. bank Wachovia, now part of Wells Fargo, agreed to pay a combined $378 million to resolve claims involving toxic mortgagebacked securities sold to nowfailed credit unions.
Halliburton has cut 2,000 jobs in the past month as the worst oil market slump in decades saps demand for work at the world’s largest provider of fracking services.