Union members ratified an agreement on Sunday that ends a four-month-long strike by some 1,800 workers at FairPoint Communications, a major land-line telecommunications provider in northern New England, union officials announced.
North America
U.S. refinery strike affects one-fifth of national capacity
The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines.
Obama presses new rule for broker advice on retirement investments
President Barack Obama will direct the Department of Labor on Monday to proceed with new rules that would rein in conflicts of interests among Wall Street brokers who advise clients on retirement investments, administration officials said.
United States urges update to fast-track trade authority
The United States' top trade official urged lawmakers on Monday to update legislation streamlining the passage of trade deals through Congress to reflect the new global economy.
Rent walkouts point to strains in U.S. farm economy
Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed.
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Chinese auto parts maker Wanxiang Group (000559.SZ) will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday.
Rupert Murdoch's Twenty-First Century Fox Inc held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday.
Daimler AG's (DAIGn.DE) Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday.
Canada's Valeant Pharmaceuticals International Inc. agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd. (SLXP.O) in an all-cash deal valued at about $10.1 billion, the two companies said on Sunday.
A pair of U.S. astronauts floated outside the International Space Station on Saturday to begin rigging parking spots for two commercial space taxis.
Canadian National Railway Co (CNR.TO) on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday.
U.S. West Coast ports will resume full operations from Saturday evening after a tentative labor deal was reached between a dockworkers union and a group of shippers, easing months of disruptions to trans-Pacific trade that have hit businesses from automakers to meat exports.
Honda Motor Co (7267.T) on Saturday praised an agreement to end a labor dispute at U.S. West Coast ports but said shipping delays will cost the company about 25,000 vehicles this month.
The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST (0600 GMT) on Saturday, according to the United Steelworkers union (USW).
