strike

With a major dockworkers’ strike on hold for now, entrepreneur Kevin O’Leary highlights the outdated infrastructure and rising tensions over union demands. On Fox Business’ Varney & Co. on Friday, O’Leary remarked that East Coast ports are outdated and inefficient,...

Retailers and politicians reacted to the International Longshoremen's Association (ILA) and U.S. Maritime Alliance’s (USMX) tentative deal to end the ongoing port strike. What Happened: East Coast dockworkers went on strike Tuesday following their contract lapse with port employers. The...

The recent port strike on the East and Gulf coasts ended following a tentative agreement between dockworkers and port operators, resolving a labor dispute that had threatened to disrupt supply chains. According to CNN, the agreement includes a substantial wage increase and improved working...

According to union officials, Boeing Co (NYSE:BA) executives decided to cut health care benefits for 33,000 workers during an ongoing strike. The workers striking at Boeing facilities across Washington, California and Oregon were notified of the decision through postal notices sent to their homes....

U.S. markets closed Monday slightly higher, with the Dow Jones Industrial Average edging up 0.04% to 42,330.15, while the S&P 500 gained a similar 0.04% to reach 5,762.48. The Nasdaq also rose by nearly 0.04%, closing at 18,189.17. These are the top stocks that gained the attention of retail...

Longshoremen are expected to drop their cargo hooks Tuesday, potentially freezing activity at some of the U.S.’s busiest ports. What Happened: According to the New York Times, a union showdown on the East and Gulf coasts with their employers could halt billions of dollars worth of goods,...

Boeing Co (NYSE:BA) should be able to quickly ramp up aircraft production once the strike ends, according to an analyst. Goldman Sachs analyst Noah Poponak said he expects the strike, which began on Sept. 13, will end soon, though the International Association of Machinists and Aerospace Workers, a...

The ongoing threat of labor strikes at U.S. ports, typhoons in China and China’s upcoming seven-day National Golden Week holiday are set to disrupt the flow of containerized goods from China to the U.S., according to a container trade expert. “Our regular surveys indicate that demand...

Boeing (NYSE:BA) will restart contract negotiations on Wednesday with its largest union. What Happened: The talks will involve federal mediators after the two sides failed to agree on wages and pensions on Tuesday. The International Association of Machinists and Aerospace Workers (IAM),...

A possible strike by thousands of dockworkers at East and Gulf coast ports in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade. The International Longshoremen's Association (ILA), representing more than...

The Boeing Company‘s (NYSE:BA) credit rating may be lowered to junk as a strike stands to cripple production and cash flow. Aircraft assembly workers walked off the job early Friday morning after rejecting a contract offer presented by Boeing and the International Association of Machinists...

Boeing Co. (NYSE:BA) and the International Association of Machinists and Aerospace Workers (IAM) have successfully negotiated a labor agreement, thereby potentially averting a strike. What Happened: The agreement, announced early Sunday, includes a 25% wage increase over four years, along with...

Port employers and the union representing East and Gulf coasts dockworkers begin a two-day meeting in New Jersey to prevent a strike that would disrupt maritime commerce along the entire U.S. Eastern Seaboard. Talks on a labor deal for six of the 10 busiest ports stopped in June when the...

Canada’s railway strike could have major impacts on various sectors and companies in the U.S. that rely on goods and commodities from the second-largest company in the world. Canadian National Railway Company (NYSE:CNI) and Canadian Pacific Kansas City Ltd. (NYSE:CP) said they locked out...

Workers at Samsung Electronics Co. (OTC:SSNLF) have announced an indefinite strike, escalating an ongoing pay dispute and posing a threat to global tech production. What Happened: The labor union representing over 28,000 Samsung employees declared an indefinite strike on Monday. This action...