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Manitoba Telecom reaches deal with unions, retirees over pension surplus funds
2014-09-25 03:06:36| Telecom - Topix.net
Manitoba Telecom Services Inc. says it has reached agreement with its unions and retirees over implementing a court ruling that a multimillion-dollar pension surplus that existed when the former Manitoba Telephone System was privatized in 1997 belonged to the workers and retirees. Manitoba Telecom said the company and its advisory have been working closely with its unions and retiree representatives for several month to develop an implementation plan, which it said was "unanimously agreed to" Wednesday by all parties.
Tags: deal
funds
telecom
pension
American Airlines reaches tentative deal with flig...
2014-09-20 08:13:04| Airlines - Topix.net
American Airlines Group Inc said on Friday it struck a tentative contract agreement with the Association of Professional Flight Attendants, an important step in finalizing a deal with 24,500 U.S.-based stewards at the airline. If members of APFA ratify the agreement this fall, it will be the first contract passed since American merged with US Airways last year and the first that applies to workers from both carriers, while pilots and ticketing agents at the new American are far from reaching this stage.
Tags: american
deal
reaches
airlines
Minnesota Power reaches deal on coal-fired plants
2014-07-17 03:44:32| Auto Dealers - Topix.net
The Duluth-based company will install the technology to help settle allegations that it violated the federal Clean Air Act by failing to get permits and installing less-than-best pollution control technology at its plants, the U.S. Environmental Protection Agency and the Department of Justice said.
Tags: power
deal
plants
minnesota
SoftBank reaches deal on T-Mobile takeover - report
2014-07-14 09:21:00| Telecompaper Headlines
(Telecompaper) SoftBank has reached a basic agreement to acquire T-Mobile US from Deutsche Telekom, the Nikkei reported. The two sides are still ironing out the details, and the deal would need clearance from US regulators. The Japanese carrier plans to buy more than 50 percent of T-Mobile shares through Sprint from Deutsche Telekom, which owns a roughly 67 percent interest. SoftBank will pay cash and use stock swaps to cover the estimated purchase cost of more than USD 16 billion, the report said. Eight financial institutions will bankroll the deal with credit lines of about JPY 4 trillion. Deutsche Telekom is reportedly concerned that T-Mobile's competitiveness will suffer if capital investment is put off during the regulatory approval process or if the deal is not approved. It is asking SoftBank to compensate if this happens. The two sides apparently have not finalized several other conditions as well, the Nikkei said.
Tags: report
deal
reaches
takeover
LightSquared reaches bankruptcy deal; mediator blasts Ergen
2014-06-28 07:36:43| Food - Topix.net
Wireless venture LightSquared has reached a deal to end its Chapter 11 bankruptcy, but its largest creditor, satellite operator Charles Ergen, is not on board and "wasted the parties' time," according to a report from the court-appointed mediator.
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bankruptcy
reaches
mediator
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