Labor News

Court green lights union pension lawsuit vs. financier

BOSTON (PAI) - In one of the first cases affecting unions and their members to emerge from Wall Street's financial finagling, a federal appeals court in Boston gave the go-ahead to a class action suit by three union pension funds against a financial firm that cost them -- and their members - money by investing in shoddy securities, and lying.

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Fishermen take a beating from oil spill

NEW ORLEANS - Chet Held, 48, has been fishing the waters here off the Gulf Coast since he was a little boy.

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“Worse than Katrina,” La. leaders warn oil spill worse than media says

NEW ORLEANS - Labor leaders here say the oil spill will be worse for workers in this region than Hurricane Katrina was almost five years ago and that the major media, both locally and nationally, are actually downplaying its significance.