September 26, 2007
In the News: September 26, 2007
Both sides are claiming to have got what they wanted in the new General Motors-United Auto Workers contract. Maybe they’re both right.
Meanwhile, American Airlines has presented its pilots of with a new contract that doesn’t offer them wage increases but would let them earn more by flying more hours.
The U.S. Supreme Court (fortunately) doesn’t hear too many contract cases, but it’s apparently agreed to hear a dispute between the Snohomish County (Wash.) Public Utility District and Morgan Stanley, which the PUD says inflated its energy charges back in 2003.
Eli Lilley has settled a long-running contract dispute with Emisphere Technologies over a joint research project; the drug maker will pay $18.5 million but won’t admit it breached the agreement.
Juventus soccer captain Alessandro del Pietro says he feels "disrespected" that the club is offering him a 30 percent pay cut on a contract extension, just because he’s getting old and will probably retire in two years.
GEO Group has won a contract to build and operate a 384-bed expansion to the Graceville (Fla.) correctional facility. The deal, financed with tax-exempt bonds, will ultimately yield about $28.5 million a year, which by our calculation is about $74,000 per inmate, or about the same amount it costs to go to a U.S. law school.
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