NEWS
April 1, 2012
In a sudden resolution to a six-year stalemate between the city and the union that represents its firefighters, both sides on Friday announced they have reached an eight-year contract agreement that includes back pay and future pay raises. The settlement amends an arbitration award handed down March 1 by the Massachusetts Joint Labor-Management Committee. Under the agreement, members of International Association of Fire Fighters Local 1011 agreed to waive retroactive pay for the three fiscal years that began July 1, 2006 and ended June 30, 2009, saving the city $514,000.
SPORTS
February 13, 2012 | By Peter Abraham, Globe Staff
FORT MYERS, Fla. - It's a high-stakes game of chicken at this point for the Red Sox and David Ortiz. The sides are scheduled to meet in a hotel conference room in St. Petersburg today to present their salary arbitration cases to a three-person panel. The Sox have offered $12.65 million, with Ortiz and agent Fernando Cuza seeking $16.5 million. Negotiations can continue right up until the hearing starts. But at that point, the panel will listen to arguments and any chance of compromise is lost.
SPORTS
February 13, 2012 | By Peter Abraham
FORT MYERS, Fla. - It's a high-stakes game of chicken at this point for the Red Sox and David Ortiz. The sides are scheduled to meet in a hotel conference room in St. Petersburg today to present their salary arbitration cases to a three-person panel. The Sox have offered $12.65 million, with Ortiz and agent Fernando Cuza seeking $16.5 million. Negotiations can continue right up until the hearing starts. But at that point, the panel will listen to arguments and any chance of compromise is lost.
BUSINESS
February 2, 2012 | Peter Svensson, AP Technology Writer
Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the "Rock Band" series of video games. Revenue was below analyst estimates, sending its stock down. Viacom earned $212 million, or 38 cents per share, in the October-December quarter, down from $610 million, or $1 per share, a year ago. The New York-based company took a charge of $379 million to cover an arbitration award won by the original shareholders of Harmonix Music Systems Inc.,...
BUSINESS
January 15, 2012 | AP Business Writer
Venezuela plans to leave the World Bank's international arbitration body and try to settle disputes with foreign companies within its own judicial system, Oil Minister Rafael Ramirez said Sunday. Ramirez also announced that Venezuela would seek to renegotiate dozens of international investment-related agreements. "We do not accept impositions and we are going to rescue our national sovereignty," said Ramirez, speaking during a televised interview. Ramirez said disputes with foreign companies, including an unsettled disagreement with...
NEWS
January 12, 2012
A Superior Court judge considered arguments yesterday in the lawsuit filed by the city of Somerville against the local firefighters union and a state agency over an arbitration award in a contract dispute dating to 2007. Middlesex Superior Court Judge Thomas Murtagh did not say when he would have a decision. Mayor Joseph A. Curtatone said after the proceeding that his administration will comply with state law requiring that he submit an appropriation for the nearly $4.3 million in back pay awarded in December to Local 76 of the firefighters union by the Joint Labor Management...