October 08, 2007
In the News: October 8, 2007
Singer Bruce Springsteen and his wife are being sued for breach of contract, after they allegedly backed out of a deal to buy am $850,000 horse for their daughter.
The United Auto Workers gave Chrysler Corp. a 72-hour strike notice after negotiations between the car company and the union on a new contract seemed to stall.
Meanwhile, the lights may not be all that bright on Broadway, where a producers and union stagehands are locked in discussions about a new contract; producers have threatened a lockout in their attempt to cut back the required number of hands at each show.
Kazakhstan had apparently decided not to try to rework its contract with Italy's oil giant Eni ti develop the Kashhagan oil field. The project has been hit with a number of delays.
A bad harvest means that hundreds of Australian grain farmers aren't going to be able to come up with the grain their contracts require them to deliver to dealers this year; they're mulling whether to try legal action or seek to renegotiate.
Speaking of Australia, a new survey says that 46 percent of companies have had a contract dispute with their IT providers.
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