Feed items
Source: CBSLA.com
Source: New York Daily News
Source: The Nation
Source: Huffington Post
”This is a bright ray of good news in what has been a long, dreary period for the retirees, their dependents and widows who have been desperately worried about what’s going to happen to their health care,” UMWA International President Cecil E. Roberts said in a news release. ”Peabody has spent years trying to get rid of its obligations to the thousands of retirees who made it the richest coal company in the world.” Labor Tribune photo.The United States Bankruptcy Appellate Panel for the 8th Circuit reversed a decision Aug. 21 by federal bankruptcy judge Kathy Surratt-States, according to information from the United Mine Workers of America.
The decision would have allowed Peabody Energy to stop paying the health care benefits for 3,100 retirees that it had assumed when it spun off Patriot Coal.
The decision from the three-judge panel will require Peabody to take responsibility for paying the health care benefits in the group of retirees.
Peabody issued a statement, saying the company was “pleased” with the ruling.
“Peabody is pleased with today’s ruling by the Eighth Circuit Bankruptcy Appellate Panel. The court said that Peabody was obligated to make...
NOTE: This video was produced by the Huffington Post, which places advertising on its news segments. Longshore and Shipping News does not advertise.
Signaling a growing rift between some unions and the White House over the Affordable Care Act, the Nevada State AFL-CIO passed a stinging resolution Wednesday that criticized the administration for its handling of their concerns with the health care reform law. The resolution claims the law could end up “destroying” the unions’ multi-employer health plans if the administration doesn’t come up with a regulatory fix.
“[O]ur union members and their families originally offered strong political and moral support for the promise of the Affordable Care Act because it would expand health care coverage for more Americans,” the resolution read. But when it came to dealing with the unions’ concerns, “the Administration has postured on proposals to address the problem, but no proposal to date will actually solve the problem. Our health plans only get worse.”
Several unions — UNITE HERE, the United Food and Commercial Workers and the Teamsters — have already voiced their worries that the law will undermine their multi-employer...
Bunge (NYSE:BG) Chairman Alberto Weisser unloaded 92,292 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $76.46, for a total value of $7,056,646.32. Following the sale, the chairman now directly owns 210,017 shares in the company.
More at Mideast Time
Source: Huffington Post
Source: Bay State Banner
Please log in to view content
To view the content on this page, please log in to your account.
