Busi­ness

The Washington Post Sunday - - TAKING STOCK - FROM NEWS SER­VICES AND STAFF RE­PORTS

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.