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Activist Ancora endorsed by second Norfolk Southern union, splitting labor support
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In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones has joined fellow proxy advisers ISS and Glass Lewis in stepping into activist investor Ancora’s board battle with railroad operator Norfolk Southern.MarketWatch - Business -
Condé Nast union reaches labor agreement, won't picket Met Gala
Condé Nast employees were set to walk off the job only hours before the Met Gala, chaired by company editorial director Anna Wintour.CBS News - Top stories -
Amazon CEO Jassy's Anti-Union Comments Broke the Law, Says Labor Judge
Claims made on CNBC broadcast that employees "would be better off without" a union were unlawful, a National Labor Relations Board judge ruled.Inc. - Business - Amazon -
A Texas Town’s Germanfest Was Split by a Battle Over Beer
Muenster, Texas, has hosted a German-heritage festival for nearly 50 years. But then some locals rebelled.The New York Times - Top stories -
Who's the Labor Radical Now?
Biden vetoes a bipartisan repeal of his joint-employer rule.The Wall Street Journal - World -
Will Nikki Haley do the right thing and endorse Joe Biden?
Haley stands as the last major contender from this year’s GOP primaries to refuse to bow down and endorse former President Donald Trump.The Hill - Politics -
U.S. labor market slows in April
The U.S. job market appears to have slowed last month. 175,000 jobs were added in April, falling short of expectations, while the unemployment rate came in at 3.9%. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
How to ensure that Biden’s environmental and labor regulations survive
Even if courts were going to look favorably on some of the Biden regulations, there is a great deal that a potential second Trump administration could do to subvert the rules.The Hill - Politics - Joe Biden -
Immigrant workers are helping boost the U.S. labor market
The government predicts that the influx of immigrant workers will grow gross domestic product over the next decade by $7 trillion.CNBC - Business
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Disney quarterly results are on deck. Here's what to expect
This will be the company's first earnings call since it won a proxy fight against Trian Partners.CNBC - Business -
Apple is reportedly developing chips to run artificial intelligence software in data centers
The iPhone maker has been working with Taiwan Semiconductor Manufacturing Co. on the chip's design and production.CNBC - Business - Apple -
BP misses expectations as profits slip on weaker oil and gas prices
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.CNBC - Business -
Abortion bans drive away up to half of young talent, new CNBC/Generation Lab youth survey finds
Nearly half of younger workers say they would turn down a job offer if it meant moving to a state that bans abortion, a new NBC/Generation Lab survey finds.CNBC - Business - Abortion -
Nintendo expects to sell 13.5 million Switch consoles this year as it beats profit estimates
Nintendo said it sold 15.7 million units of its flagship Switch console in the year ended March 2024, beating its own forecasts.CNBC - Business