VERIZON DEAL MIGHT END UNION STRIKE
new york» Striking Verizon employees might be back to work next week after the company and its unions reached an agreement in principle for a four-year contract.
About 39,000 landline and cable employees in nine Eastern states and Washington, D.C., have been on strike since mid-April, one of the largest strikes in the U.S. in recent years. Verizon had trained other workers to step in, but there were still delays in installations for Fios customers.
The union and Verizon are not giving details of the contract, so it’s not clear yet what the agreement entails for workers. The president of the Communications Workers of America union, Chris Shelton, said in a statement that the agreement is a “victory for working families.”
Spill-proof cups recalled due to mold. More than
3 million spill-proof cups for children between 4 and 12 months old are being recalled by Mayborn USA because of the risk of mold that could cause sickness.
Ingestion of the mold can cause gastrointestinal symptoms and infections in those with compromised immune systems. Mayborn has received more than 3,000 reports of mold in the removable, one-piece, opaque valve of the cups, including 68 reports of children showing symptoms associated with drinking from a cup with mold in the valve.
Zoomlion abandons pursuit of crane maker Terex. China’s Zoomlion
Heavy Industry Science & Technology Co. abandoned its six-month-long pursuit of construction crane maker Terex Corp., the latest Chinese attempt at buying a U.S. company to fall apart.
Zoomlion said Friday that the deal collapsed after the two companies were unable to agree on a price after Terex’s May 16 announcement that it planned to sell its lines of maritime port cranes and factory cranes to Finland’s Konecranes Oyj for $1.3 billion.
Researchers: Bank hacks might be linked to North Korea. Cybersecurity researchers
say North Korea might be connected to a recent attack that resulted in the theft of more than $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks.
Security researchers at Symantec say that the malware used in February to steal $101 million from the Bangladeshi bank’s account in the Federal Reserve Bank of New York is similar to that used in the past by a group known as “Lazarus.”
The group has been linked to hacks including the 2014 hack of Sony Pictures, which the FBI has blamed on the North Korean government.