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Citi's wealth unit has seen at least 11 senior execs exit since Merrill Lynch veteran Sieg joined in September. The latest departure is David Bailin, chief investment officer for the global wealth division, who announced his departure on Monday. Sieg's mandate is to turn around the wealth business, which was barely profitable this past quarter. Sieg also plans to expand Citi's already successful wealth business in Asia. At least two other senior Asia executives have left.
Persons: Andy Sieg, Merrill Lynch, Sieg, David Bailin, Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merril Lynch, Don Plaus, Hale Behzadi, Citi David, Eduardo Martinez Campos, Keith Lee Hong, Fernando Lopez Munoz, Luigi Pigorni, Jeff Sutton, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Citi, Business, Bankers, Citi Wealth, Citi Global Wealth, North America, Eduardo Martinez Campos Head, Mark, Mark Mills Regional, Fernando Lopez Munoz Head, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Keith Lee Hong Kong, Mark Mills, Shyam Sambamurthy South Asia, America, West China, hcuccinello@businessinsider.com
Seamus Coleman of Everton gives the team instructions during the Premier League match between Everton FC and Burnley FC at Goodison Park on April 06, 2024 in Liverpool, England. Everton have received a two-point deduction, their second points cut this season, after the club's appeal against a Premier League charge for a breach of Profitability and Sustainability Rules (PSR) was unsuccessful, the league said on Monday. The independent commission heard evidence and arguments from the club on a range of potential mitigating factors for its admitted breach of 16.6 million pounds ($21 million), including the impact of its two successive PSR charges, the league said. "The commission determined the appropriate sanction to be a two-point deduction, taking effect immediately," it said in a statement.
Persons: Seamus Coleman Organizations: Everton, Premier League, Everton FC, Burnley FC, Goodison Park Locations: Liverpool, England
The superstar women's college basketball matchups Monday night attracted more than just viewers — the games also set new sports betting records. FanDuel tells CNBC that the Louisiana State University versus Iowa game was its biggest betting event of all time for women's sports. 1 betting event Monday, ahead of all National Basketball Association, Major League Baseball and National Hockey League games, FanDuel said. The women's basketball games were its top two events last night, ahead of every MLB and NBA game, a spokesperson told CNBC. BetMGM also had a big night, saying the Iowa-LSU matchup was its most bet-on women's basketball game ever.
Persons: Caitlin Clark, FanDuel, sportsbooks, Monday's, Angel Reese, Kim Mulkey, Paige Bueckers, Karol Corcoran, FanDuel Sportsbook, DraftKings, BetMGM, Seamus Magee Organizations: Iowa Hawkeyes, Lousiana State University Tigers, NCAA, Arena, CNBC, Louisiana State University, Iowa, ESPN, American Gaming Association, Monday's LSU, National Basketball Association, Major League Baseball, National Hockey League, University of Connecticut, University of Southern, MLB, NBA, NFL, LSU, UConn, NC State, Wolfpack Locations: Albany , New York, Iowa, University of Southern California, BetMGM, South Carolina
If there’s one thing Irish people know about President Biden, it’s that he’s one of us. “Today you are amongst friends because you are one of us,” the speaker of Parliament announced before Mr. Biden addressed Irish lawmakers. When Mr. Biden referred to the Irish rugby team beating “the Black and Tans” — the notoriously brutal 1920s police force — as opposed to the All Blacks, as New Zealand’s rugby team is known, the gaffe became an instant, affectionate meme. By the end of the trip, it was official: Mr. Biden loves Ireland, and Ireland loves Mr. Biden. Mr. Biden, as the leader of Israel’s closest ally and chief military supplier, was seen to be enabling the devastation.
Persons: Biden, it’s, , , Seamus Heaney, , Mr, Israel’s Organizations: Mr, Irish rugby, Blacks, New Zealand’s rugby, Ireland, Irish, European Union Locations: Ireland, Irish, Gaza
Yet again, the royal family could face some difficult questions about what they chose to reveal to the public, and when. Kin Cheung/Pool/AFP/Getty Images Kate Middleton, seen here at age 3, was born on January 9, 1982, in Reading, England. Richard Heathcote/Getty Images Kate and Prince William pose for photographers during an event to mark their engagement in 2010. Hannah McKay/Reuters From left, Prince William, Kate, Prince Harry and Meghan, the Duchess of Sussex, wave to a crowd outside Windsor Castle ahead of the Queen's funeral in 2022. Yui Mok/WPA Pool/Getty Images Kate attends the National Service of Remembrance at The Cenotaph in London in November 2023.
Persons: Catherine , Princess, Wales, , Kate, “ KATE, Prince William, Kate –, Queen Camilla, King Charles III’s, Catherine , Princess of, Kelly Holmes, Kelly Holmes Trust —, Kin Cheung, Kate Middleton, Middleton, Pippa, Michael, Clarence House, Stephen Lock, Shutterstock Prince William, Richard Heathcote, William, Princess Diana, Ben Stansall, Prince Harry, Pippa Middleton, Kirsty Wigglesworth, John Stillwell, Charles Dharapak, Queen Elizabeth II, Stefan Wermuth, Elizabeth II, Arthur Edwards, Harry Potter, Chris Jackson, Prince George, Princess Charlotte, Prince Philip, Prince Charles, Camilla, Dominic Lipinski, Prince Louis, Charlotte, Aaron Chown, Oli Scarff, Queen, Hannah McKay, Meghan, Duchess of, Emilio Morenatti, Paul Grover, King Charles III, Yui Mok, Reuters Kate, Turlough Mor, Seamus, Karwai Tang, Choo Kyung, Max Mumby, Henry Nicholls, David Cliff, Diana, of, Rishi Sunak, , Princess, Princess of Wales, CNN Kate, Easter, Prince William –, Gupta, George, Louis, Prince, Kate’s Organizations: London CNN, Times, Sun, Kelly Holmes Trust, Getty, University of St, English rugby, Nations, Italy, Westminster Abbey, Buckingham Palace, Queen, Mary's, Trench, Culture Yard, Royal Air Force, Reuters, Hall, Horse Guards, Irish Guards, National Service of, Images Police, London Clinic, Getty Images, Press Association, Britain, Mary’s, British, CNN, CNN’s Royal Locations: British, Catherine , Princess of Wales, Bath, England, Reading, Jerash, Jordan, Blenheim, Oxfordshire, Andrews, Scotland, AFP, Westminster, London, Buckingham, South Pacific, Tuvalu, St, St . Austell, Kingston , Jamaica, Caribbean, Duchess of Sussex, Windsor, South Korea, Kensington, Wales, Lindo, London’s St, of Wales, Princess
On a more positive note, Guggenheim upgraded GSK to buy thanks to strength across multiple product pipelines. Elsewhere, RBC upgraded Lyft to outperform, calling for a major rally ahead. Analyst Brad Erickson upgraded Lyft shares to outperform from sector perform, and raised his price target by $6 to $23, implying roughly 40.7% potential increase. — Pia Singh 6:10 a.m.: DoorDash upgraded by RBC on new partnerships potential, higher order growth RBC Capital Markets upgraded DoorDash to outperform from sector perform. Analyst Seamus Fernandez upgraded shares to buy from neutral and assigned a £20.31 price target, representing 21% upside to GSK's latest close.
Persons: Guggenheim, Wells Fargo, Timur Braziler, Braziler, — Pia Singh, Lyft, Brad Erickson, Erickson, Seamus Fernandez, Fernandez, Citi downgrades Ferrari, Ferrari, Harald Hendrikse, Fred Imbert Organizations: CNBC, Citi, Ferrari, GSK, RBC, Popular, RBC Capital Markets RBC Capital Markets, DASH, Capital Markets, Guggenheim Securities, drugmaker GSK, Guggenheim Locations: Wells Fargo, Puerto Rico, U.S, Wells, Shingrix, Arexvy, Milan
The health-care sector of the S & P 500 is up about 8% year to date, marking a sharp comeback from a largely flat 2023. Even as health care is making a comeback this year, investors shouldn't forget its defensive attributes. Back in 2022, when the S & P 500 fell 19.4%, the health-care sector slipped only 3.5% "When markets are challenged, health care can be a good place to be," Lyons added. Some of them speak to the growth aspects of health care and why you can play offense." Merger activity is another driver of growth in health care, as large pharmaceutical companies snap up nimble biotech firms that are at the forefront of developing treatments.
Persons: Dan Lyons, Janus Henderson, shouldn't, Lyons, ImmunoGen, Seamus Fernandez, Sotatercept, Cigna, Cantor Fitzgerald, Sarah James, Fred Imbert Organizations: Big Tech, . Healthcare, Janus, Janus Henderson Investors, U.S . Food, Drug Administration's Center, Drug, Research, FDA, Esai, Pharmaceuticals, CNBC Pro, Merck, Abbott Laboratories, AbbVie, CVS Health Locations: U.S
Opinion What Sourdough Taught Me, in the Pandemic and BeyondInside one tablespoon of active sourdough starter, the fermented culture made of flour and water used for thousands of years to leaven bread, there are billions of microorganisms. How to create a sourdough starter Repeat until bubbling with life. Add flour, water and salt. Add flour, water and salt. To avoid this exponential growth, a portion of sourdough starter is traditionally discarded at every feeding, which means there’s plenty to go around.
Persons: , , Seamus Blackley, . Kan, they’ve, , Caesar, cura, Jesus, John, we’ve, Thomas White, Gazans, Alice Spearman, Germany Chiara G, Netherlands Anna Celda Czechia Veronika Moravcikova, Allie Wist, we’re Organizations: U.S, International New York, Penn, Ala . Iowa Miss, Okla . Texas Colo, Okla . Texas Colo . Puerto Rico Wyo, Utah Idaho Mexico Ariz, Great, Netherlands France Belgium Denmark, Poland Latvia Slovenia, Poland Latvia Slovenia Italy Croatia, . Connecticut Massachusetts Rhode Island New Jersey New Hampshire Vermont Pennsylvania, . Connecticut Massachusetts Rhode Island New Jersey New Hampshire Vermont Pennsylvania Maryland Delaware D.C, Maine Virginia, Maine Virginia West Virginia Ohio, Maine Virginia West Virginia Ohio North Carolina Michigan Indiana South, Maine Virginia West Virginia Ohio North Carolina Michigan Indiana South Carolina Kentucky Tennessee Wisconsin Illinois, Alabama Iowa Mississippi Minnesota Florida Arkansas, Canada Louisiana Nebraska Kansas Oklahoma, Canada Louisiana Nebraska Kansas Oklahoma Texas Colorado, Canada Louisiana Nebraska Kansas Oklahoma Texas Colorado Puerto Rico Wyoming, Portugal Spain, Supermarkets, United Nations, BBC, Alice Spearman Canada Locations: Barthelme, Conn, R.I . N.J, N.H . Vt, Md, Del, D.C, Maine Va, W.Va . Ohio N.C, Mich, Ind, S.C . Ky, Tenn, Wis, Ill, Ala . Iowa, Minn, Fla, Canada, Okla . Texas, Okla . Texas Colo . Puerto Rico, Mont, N.M, Utah Idaho Mexico, Ore, Calif, Iceland, Portugal Spain, Netherlands France Belgium, Netherlands France Belgium Denmark Luxembourg Sweden Germany Brazil Switzerland, Poland Latvia, Poland Latvia Slovenia Italy, Poland Latvia Slovenia Italy Croatia Hungary Bulgaria Greece Hawaii, Argentina, China Bhutan India South Africa, Malaysia Singapore, Australia, . Connecticut Massachusetts Rhode Island New Jersey New Hampshire Vermont, . Connecticut Massachusetts Rhode Island New Jersey New Hampshire Vermont Pennsylvania Maryland Delaware, Maine, Maine Virginia West Virginia, Maine Virginia West Virginia Ohio North Carolina, Maine Virginia West Virginia Ohio North Carolina Michigan Indiana South Carolina Kentucky Tennessee Wisconsin, Maine Virginia West Virginia Ohio North Carolina Michigan Indiana South Carolina Kentucky Tennessee Wisconsin Illinois Georgia, Alabama Iowa Mississippi Minnesota, Canada Louisiana Nebraska Kansas Oklahoma Texas, Canada Louisiana Nebraska Kansas Oklahoma Texas Colorado Puerto Rico, Canada Louisiana Nebraska Kansas Oklahoma Texas Colorado Puerto Rico Wyoming Montana New Mexico, Utah Idaho Mexico Arizona Nevada Washington Oregon California Iceland, Portugal, Portugal Spain France The Netherlands Belgium Denmark Luxembourg Sweden Germany Brazil Switzerland, China Bhutan India, Africa, Uruk, France, Tunisia, Egypt, Syria, Ukraine, Gaza, Germany, Netherlands
Opinion | The Ogre Gorging on America
  + stars: | 2024-01-27 | by ( Maureen Dowd | ) www.nytimes.com   time to read: 1 min
If you can imagine the lobby bar of the Manchester Marriott as an Anglo-Saxon mead hall, I can explain how it felt to cover the New Hampshire primary. I will need the help of the late Seamus Heaney, who described what it was like to be quaffing in Heorot Hall while Grendel lurked and swooped through the frost-stiffened north. In his lyrical translation of “Beowulf,” Heaney described Grendel as “the terror-monger,” the “captain of evil” and “the dread of the land.”He wrote that the fiend “ruled in defiance of right” and was “malignant by nature, he never showed remorse.”
Persons: Seamus Heaney, Grendel lurked, ” Heaney, Grendel, Organizations: Manchester Marriott Locations: Hampshire, Heorot
WASHINGTON (AP) — Jill Biden paid tribute to the power of poetry as she honored the 2023 class of National Student Poets on Monday at the White House, saying poetry “feeds our spirit." Political Cartoons View All 1244 ImagesThe poets receive scholarships and serve as literary ambassadors, bringing poetry to their communities through service projects, poetry readings, workshops and other opportunities. Jill Biden said she hoped the students would remember the experience of visiting the White House. She also hosted last year's class of National Student Poets. “And I hope you know that President Biden, the vice president, the second gentleman and I see you, we hear you, and we’re counting on you to keep going.
Persons: — Jill Biden, , Gabriella Miranda, Kallan McKinney, Hou, St, Louis, Miles Hardingwood, Jacqueline Flores, Fort, Joe Biden, Seamus Heaney, William Butler Yeats, Jill Biden, , Biden Organizations: WASHINGTON, White, Student Locations: United States, Salt Lake City, Norman , Oklahoma, New York City, Fort Meade , Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEli Lilly's Zepbound has a strong shot of being the biggest drug of all time: Guggenheim's FernandezGuggenheim analyst Seamus Fernandez joins 'Power Lunch' to discuss Eli Lilly's latest drug to get FDA approval, whether it'll become the biggest-selling drug of all time, and who will be on the hook in paying for Eli Lilly's new drug.
Persons: Eli Lilly's Zepbound, Guggenheim's Fernandez Guggenheim, Seamus Fernandez, Eli, it'll, Eli Lilly's
Most analysts predict the market for new weight loss drugs like Wegovy and Mounjaro will be enormous, but estimates vary for its exact size depending on who you ask. On Monday, Citi raised its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. Last month, the firm made a case for there being a $150 billion to $200 billion opportunity for these drugs. At the moment, private insurance coverage isn't a guarantee for those seeking weight loss treatment, and the federal Medicare program doesn't cover weight loss drugs at all. Lilly expects the Food and Drug Administration to approve this drug to treat obesity by the end of this year.
Persons: Seamus, Fernandez, Andrew Baum, Goldman Sachs, Chris Shibutani, Shibutani, Eli Lilly, Lilly Organizations: Monday, Citi, Wegovy, Food and Drug Administration Locations: GLP
Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. The sum had since swelled with interest to over $11 billion, representing 10 times the country's 2019 health budget. The judge said a further hearing would take place to decide whether to send the case back to arbitration or ditch the $11 billion award without further delay. Both received confidential Nigerian documents during the arbitration that they knew they were not entitled to see, the judge found. Additional reporting by Felix Onuah in Abuja, Editing by Estelle Shirbon and David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Bola Tinubu, Temilade, Tinubu, Robin Knowles, Knowles, Nigeria's, Trevor Burke, Seamus Andrew, Burke, Andrew, Felix Onuah, Estelle Shirbon, David Evans Organizations: REUTERS, Monday, London's, Africa's, ID's, Thomson, & $ Locations: Abuja, Nigeria, British Virgin Islands, Nigerian, Africa
REUTERS/Phil Noble/File Photo Acquire Licensing RightsOct 18 (Reuters) - Shares in AstraZeneca (AZN.L) fell more than 4% on Wednesday after a data abstract on its experimental precision drug's use in lung cancer patients in a late-stage trial disappointed some analysts. Fernandez added that progression-free survival in lung cancer patients came in below expectations. Barclays analyst Emily Field also said in a note that safety looked better than expected for lung cancer patients and the data abstracts were "collectively positive" for AstraZeneca. London-listed shares of AstraZeneca were down 3.7% at 1219 GMT, while the broader STOXX Health Care (.SXDP) index was off 1%. Shares of AstraZeneca's Japanese partner Daiichi Sankyo (4568.T), which is jointly developing the cancer drug, closed 4.6% lower on Tuesday.
Persons: Phil Noble, datopotamab deruxtecan, Jefferies, Stephen Barker, Barker, Seamus Fernandez, Fernandez, Emily Field, GSK's, Danilo Masoni, Maggie Fick, Bhanvi, Shinjini Organizations: AstraZeneca, REUTERS, European Society for Medical, Friday, Guggeinheim, Barclays, AstraZeneca ., Thomson Locations: Macclesfield, Britain, Madrid, AstraZeneca . London, U.S, Milan, London, Bengaluru
Short-term lending company CreditNinja is mad about the SBA denying them loan forgiveness. The company charges interest rates as high as 447% in Texas, per KHOU. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. According to Forbes, Kanye West's fashion company Yeezy received over $2 million in PPP loans. Artist Jeff Koons, also notably rich, received a $1.1 million PPP loan in April 2020, according to ProPublica.
Persons: Seamus Hughes's CourtWatch, CreditNinja, CreditNinja wasn't, , Kanye, Yeezy, Jeff Koons Organizations: SBA, Service, Court, Southern Division, Small Business Association, Relief, Economic, Forbes Locations: Texas, Wall, Silicon, Illinois
Fernandez sees a total addressable market of $140 billion to support patients with obesity. He expects there is a potential for GLP-1 drugs to become as common and widely used, much like statins are used to lower cholesterol. Morgan Stanley's Flynn estimates a 30% share of the diabetes market would generate $109 billion on a worldwide basis for GLP-1 drugs. Layer in a 15% to 30% share of the obesity market and that equates to worldwide sales of $97.4 billion to $194.8 billion. Guggenheim's estimates also assume that oral GLP-1 drugs that are currently in development are able to come to market a few years from now.
Persons: Seamus Fernandez, Fernandez, Lilly, Eli Lilly, Morgan Stanley, Terence Flynn, Eli Lilly's Mounjaro, Insulet, Canaccord, William Plovanic, Plovanic, It's, Morgan Stanley's Flynn, Flynn, Novo, Michael Bloom Organizations: Wall, Novo, American Heart Association, Food and Drug Administration, Novo Nordisk, Iqvia, Disease Control Locations: GLP
William Purnell | Icon Sportswire | Getty ImagesAs legalized sports gambling expands across the U.S., a record 73.5 million Americans plan to wager on the NFL this season, according to the American Gaming Association's latest survey on Americans' betting plans released Wednesday. Last year, an estimated 46 million people bet on the NFL in the U.S., according to the AGA. Out of all U.S. adults, 35.1 million people or 14% plan to bet online, while 13.6 million or 5% plan to bet at a physical sportsbook. Self-identified NFL fans are expected to place more bets than ever this season, with 37% projected to place a wager. "We expect this to be the most bet NFL season in BetMGM's history," Seamus Magee, trading team lead at BetMGM, told CNBC in an email.
Persons: Josh Allen, William Purnell, Seamus Magee Organizations: Buffalo, AFC Divisional, Kansas City Chiefs, Arrowhead, Getty, NFL, American Gaming, CNBC Locations: Kansas City , Missouri, U.S
In fact, some 63% of U.S. adults sleep less than the recommended seven to nine hours a night, according to the National Sleep Foundation's Sleep Health Index. There are a myriad of products in the sleep arena — from mattresses and sleep supplements to sleep apnea devices and tech wearables that track sleep. Treating sleep conditions Health conditions can also impact the ability to get a good night's rest, like insomnia and sleep apnea. Obstructive sleep apnea causes breathing to be interrupted during sleep. About half of those surveyed in its obstructive sleep apnea patient survey in July said they had never heard of Inspire.
Persons: Anna Pione, they'll, Seth Basham, Basham, Tempur Sealy, " Basham, It's, Stefano Natella, Natella, it's, Ollie, Seamus Fernandez, Philip's, Philips, Eli Lilly, Eli Lilly's, Guggenheim's Fernandez, Michael Farrell, we've, Fernandez, Novo, wearables, Gene Munster, Jason Ware, Ware, Pione, Michael Bloom Organizations: McKinsey, International Sleep Products, Sealy International, Mattress, Sealy, Centers for Disease Control, Guggenheim, CDC, Unilever, American, of, Care, American Medical Association, Bank of America Securities, Medical Systems, Bank of America, Inspire, Novo Nordisk, Garmin, Apple, Deepwater Asset Management, Apple Watch, Albion Financial, Munster Locations: U.S, dreamland, Mizuho, Novo
Macy's said it expects adjusted earnings per share between $2.70 and $3.20, adding it sees comparable store sales falling between 6% and 7.5%. The company reported earnings of $4.56 per share, versus the $4.49 expected by analysts surveyed by Refinitiv. AppLovin – The marketing stock rose 1.5% to a 52-week high following a Jefferies upgrade to buy from hold. Zoom Video – Shares of the video communications platform lost about 2% even after the company posted better-than-expected second-quarter results. Aramark — The food service stock rose about 2%.
Persons: Dick's, Macy's, Lowe's, Charles Schwab —, Charles Schwab, AppLovin, Jefferies, Stephen Tusa, Emerson, AspenTech, Fabrinet, Seamus Grady, Aramark, , Alex Harring, Yun Li, Hakyung Kim, Brian Evans, Michelle Fox, Sarah Min Organizations: Dick's, Goods, Revenue, Refinitiv . Revenue, Bloomberg, American Airlines –, American Airlines, Baidu, Microsoft, Activision, Activision PC, Jefferies, Emerson, JPMorgan, Garden, Bank of America, UBS Locations: Madison
Western Canada dock workers vote to accept contract offer
  + stars: | 2023-08-05 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Chris Helgren/File Photo/File PhotoAug 4 (Reuters) - Dock workers in Western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday. The vote was 74.66% in favor of the terms of the settlement, the International Longshore and Warehouse Union (ILWU) said in a statement. The union provisionally agreed to a new contract on Sunday, averting an immediate strike, but the agreement needed to be approved by workers. The government had directed the Canada Industrial Relations Board to resolve the dispute after workers rejected a previous contract. Ottawa was seeking to keep two of Canada's three busiest ports - Vancouver and Prince Rupert - open.
Persons: Chris Helgren, Prince Rupert, Seamus O'Regan, ILWU, O'Regan, David Ljunggren, Gursimran Kaur, Simon Cameron, Moore, William Mallard Organizations: Port, Warehouse Union, REUTERS, Canada Industrial Relations Board, Ottawa, Canada's, British Columbia Maritime Employers Association, Canada’s, Thomson Locations: Vancouver, Vancouver , British Columbia, Canada, Western Canada, British, Canada’s West Coast, Bengaluru
Trump’s political action committee, Save America, has spent more than $40 million on legal fees since the start of 2023, a source familiar with the matter told CNN. The PAC also shelled out $16 million-plus on legal costs the previous year, Federal Election Commission records show. However, Paul Seamus Ryan, a campaign finance expert, recently told The Washington Post he did not see any “legal red flags” with the PAC paying Trump’s fees. It is disgraceful that Trump is using funds from small donors that they believed would fund his campaign for his own personal legal woes. But even Trump knows the more he spends on legal fees, the less he has for his 2024 campaign.
Persons: Dean Obeidallah, CNN — Dean Obeidallah, Donald Trump’s, deliberates, Joe Biden’s, ” Trump, Steven Cheung, Trump, , Chris Christie —, Trump’s, , Donald Trump, ” Christie, “ They’re, Paul Seamus Ryan, ” Ryan, Ryan, Jeff Swensen, I’m, , Biden, Joe Biden Organizations: CNN, CNN — Dean Obeidallah CNN, Florida —, Save, Federal, Commission, The New York Times, PAC, Trump, Prison, Save America PAC, Times, New, New Jersey Gov, Washington Post, , Twitter, Facebook, Republicans, Biden, GOP, White House Locations: New York, Florida, Washington , DC, Fulton County , Georgia, New Jersey, Erie , Pennsylvania
The International Longshore and Warehouse Union of Canada (ILWU) and the British Columbia Maritime Employers Association (BCMEA) late Sunday announced a tentative labor agreement. Canadian Labor Minister Seamus O'Regan commented Monday morning on the announcement of another tentative deal. This latest tentative deal does not mean the uncertainty is over. The first tentative labor deal was rejected by the union body in a two-day vote last week. A 14-day strike has led to more than 16 canceled sailings to the Canadian ports, according to maritime intelligence company, eeSea.
Persons: Rob Ashton, Ashton, Seamus O'Regan, Berkshire Hathaway, John Brooks, Brooks Organizations: Warehouse Union of Canada, British Columbia Maritime Employers Association, Sunday, Canada Industrial Relations, ILWU, Canadian Labor, Canadian, Canadian Pacific Kansas City, Canadian National Railway, U.S, BNSF, Union Pacific, Norfolk Southern, CSX, Pacific Kansas City Locations: Burrard, North Vancouver, British, ILWU Canada, Canadian Pacific, U.S, Berkshire, East, Pacific Kansas
July 29 (Reuters) - Canadian Labor Minister Seamus O'Regan said on Saturday he could impose a new collective agreement or a final binding agreement on striking dock workers following their rejection of a proposed labor contract. O'Regan said he had directed the Canada Industrial Relations Board to determine whether the rejection of the tentative agreement by the dock workers in Western Canada has eliminated the possibility of a negotiated resolution. "If the Board determines that to be the case, I have directed them to either impose a new collective agreement on the parties or impose final binding arbitration to resolve outstanding terms of the collective agreement," O'Regan said in a post on social media platform X, formerly known as Twitter. The International Longshore and Warehouse Union, representing about 7,500 dock workers, rejected a proposed labor contract on Saturday that would have ended a dispute that has already affected trade and could have more economic repercussions by disrupting operations at the country's busiest ports. Reporting by Baranjot Kaur in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: Seamus O'Regan, O'Regan, " O'Regan, Baranjot Kaur, Sandra Maler Organizations: Canadian Labor, Canada Industrial Relations Board, Twitter, Warehouse Union, Thomson Locations: Western Canada, Bengaluru
Bloomberg | Bloomberg | Getty ImagesOverseas trade entering North America through key ports on Canada's West Coast faces more uncertainty after dock workers rejected a tentative labor deal late Friday. Canadian Minister of Labor Seamus O'Reagan, in a Twitter post Saturday, said ports in British Columbia need stability after the 14 days of strikes. "The vessel was delayed by several weeks and now the rail-bound containers sit at the Ports of Vancouver and Prince Rupert." For the third week in a row, rail traffic from Canada into the U.S. is down following the on-again, off-again western Canadian ports strike. The first two weeks of the labor strike prevented over 80% of rail trade from entering the United States.
Persons: Rob Ashton, BCMEA, ILWU, Labor Seamus O'Reagan, O'Reagan, Paul Brashier, Vancouver and Prince Rupert, Steve Lamar, AAFA Organizations: Global, Bloomberg, Getty Images Overseas, Warehouse Union of Canada, British Columbia Maritime Employers Association, Labor, . Trade, U.S ., ITS Logistics, American Apparel and Footwear Association Locations: Vancouver Harbour, Vancouver , British Columbia, Canada, North America, Coast, British, ILWU Canada, British Columbia, U.S . West Coast, Vancouver, U.S, United States
OTTAWA, July 21 (Reuters) - Canada's Pacific dock workers' union said it reached a new tentative contract agreement with employers and that its leadership would vote on Friday on whether to put the deal up for ratification by members. The local unit represents 3,000 of the 7,500 dock workers who went on strike for 13 days earlier this month. A ILWU source confirmed that the entire union leadership, and not just the Local 502, would vote on whether to ask for ratification. That strike ended last week with a tentative deal that was rejected by union leadership on Tuesday. But the ILWU then withdrew its strike notice on Wednesday, leaving the talks in what the British Columbia Maritime Employers Association (BCMEA) said was a "fluid and unpredictable situation."
Persons: Seamus O'Regan's, Prince Rupert, Steve Scherer, Aishwarya Nair, Ismail Shakil, Shilpi Majumdar, Frances Kerry, Nick Zieminski Organizations: OTTAWA, Warehouse Union, British Columbia Maritime Employers Association, Labour, Canadian Manufacturers, Thomson, & ' $ Locations: British, Vancouver, Ottawa, Bengaluru
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