Teamsters labor union, which represent 16,000 workers of Costco Wholesale Corp., recommended its members to approve new contract. Costco provide its employees with a 401(k) pension plan in the new contract agreement.
Hundreds of residents in Los Angeles have filed claims against governors and state agencies, seeking 3.5 million in damages for gas blowout. While more than 3,000 claims are waiting to be filed.
New York federal judge has cleared a way for Pacific Investment Management Co. to pursue lawsuit against AIG in California. Meanwhile, Pimco also faced another legal battle with former co-founder Bill Gross.
A California appeals court overturned a 2014 decision by the lower court which declared that job protection statues for teachers deprive students from poor and minority groups of their right to quality education.
