strike

Strike Likely Averted at East Coast Ports

The union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike that could have crippled operations at ports that handle about 40 percent of all U.S. container cargo, a federal mediator announced Friday.

Twinkies Likely to Survive Sale of Hostess

Twinkie lovers, relax: Your snacks are likely to survive, even though Hostess Brands will not. Despite the problems that led Hostess to bankruptcy court, its high brand recognition and strong revenues ensure other companies will bid for at least slices of its baked goods empire.

Hostess Says It's Going Out of Business

Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers. The Irving, Texas, company blamed its troubles on a nationwide worker strike.

NBA Lockout's an Economic Air Ball for Other Sports

When it comes to the profit side of the pro basketball lockout, nobody wins -- except maybe basketball fans' savings accounts. Those fans and the money that the now-shuttered NBA stands to lose will not migrate to another sport.

Men's Wearhouse: Suits for the 99%

The Occupy Wall Street protesters might not believe they've got too many "suits" on their side, but retailer Men's Wearhouse took a stand for them last week. On Wednesday, Occupy Oakland planned a citywide strike to protest income disparity in America, and the local Men's Wearhouse closed its doors in support.

Can Basketball Fans Score During NBA Lockout?

After the strife-torn NBA cancelled the first two weeks of the basketball season, we wondered: Would this mean any financial relief for fans? Somewhere in the war between the wealthy players and owners, are there savings to be found for the ordinary people who spend money on NBA tickets and gear?

10 Things You'll Be Paying More for This Year

Expect to pay more this year for many consumer goods -- from diapers to toothpaste to Big Macs. Just as the typical American family will finally have a few more dollars to spend, inflation will take a chunk of that extra cash.

Millions of Londoners Affected by Subway Worker Strike

Millions of Londoners struggled to get to work this morning thanks to a 24-hour strike by workers on the city%u2019s subway system, known as the Tube. Transport for London, which runs the subway, said that about 40% of underground trains were operating, along with the Docklands Light Railway, which serves the financial district in the east of the city.

Oil Prices Soar to Five-Month High

Oil prices reached their highest point in five months due to the combination of a weakening dollar, an interest-rate cut in Japan, a strike by French workers and a barge crash that closed off a Texas shipping route.

Toyota Hopes to Restart Chinese Factory on Monday

Toyota said Thursday that an ongoing strike by workers at parts supplier Denso means its large plant in Guangzhou, China, will remain closed through the weekend. But a limited resumption of production at the parts plant is expected to allow Toyota to restart its assembly lines as soon as Monday.

Toyota Plant in China Suspends Production Due to Strike

Labor unrest is once again affecting production at a Toyota plant in China. Toyota said Tuesday it suspended production at a car-assembly plant in southern China after workers at a parts supplier went on strike, according to reports.

Spirit Airlines Cancels Flights Through Thursday

Since Saturday, Spirit Airlines flights have been grounded as pilots headed to the picket lines, demanding pay that compares better with their rivals. To the dismay of travelers, many of whom have been stranded for days, the company announced Tuesday that it has canceled flights through Thursday.

British Airways Strike Looms

British Airways crews will likely go on strike Monday after a court order lifted a ban prohibiting airline employees from walking off the job.

British Air Strike Fouls Global Air Traffic

British Airways' cabin crews began a three-day strike this weekend that caused the UK carrier to cancel over 1,000 flights over the weekend. The the airline said it would try to accommodate 49,000 passengers, is redirecting many more to other airlines.