From the Business Today staff:
- Teamsters at YRC Worldwide OK pact - Matt Glynn/The Buffalo News
Teamsters at YRC Worldwide’s trucking companies have approved extending contract concessions for an additional two years, aimed at helping the trucking giant survive its financial struggles. ...
The workers agreed to extend a 15 percent pay cut for an additional two years. YRCW will resume partial pension contributions in June 2011; without the change, full pension contributions were supposed to resume in January. ...
Local workers at YRC and Holland voted 67 percent in favor of the agreement, while local New Penn workers voted 90 percent in favor. They are represented by Teamsters Locals 375 and 449.
[Union statement here. Company statement with video here.]
- ABF Sues YRC Unit, Teamsters Union Over Master Freight Contract - Transport Topics
- YRC Surges On Union Concession Agreement - Barron's
- Rick’s Tally Ho is sold to owner of Tonawanda strip club - Matt Glynn
The owner of a Town of Tonawanda strip club has acquired Rick’s Tally Ho strip club in Cheektowaga.
David Scrivani bought the property, through a company called 5111 Genesee St. — the address of the club — for $750,000, according to county records.
Richard A. Snowden, who sold the property through an entity called Rade Holding, declined to disclose the entire value of the transaction, which would be a price reflecting how much the business is worth.
Scrivani owns Tiffany’s Cabaret at 300 Sawyer Ave., as well as another Tiffany’s in Myrtle Beach, S.C. Snowden said that Rick’s Tally Ho will eventually be renamed Tiffany’s and that Scrivani will apply for a liquor license for the club. The clubs feature semi-nude dancers.
[No statements with video. This is a family newspaper.]
- Despite quarter’s 22% profit jump, Corning lags in sales of LCD glass - AP/Buffalo News
ROCHESTER — Corning Inc. said Monday that its profit jumped by 22 percent in the third quarter, but it missed Wall Street expectations on lower sales of glass for flat-panel televisions.
Its shares rose despite concerns about weaker retail demand in the United States for liquid-crystal-display TVs. Because of ample supplies, the world’s largest maker of LCD glass said that it expects a more pronounced drop than usual in LCD glass prices in the current quarter.
- Corning - Stalled, Time For The Bears? - TradersHuddle
- Corning Escapes Penalty For Double Whiff - Forbes
- Corning Sees Glass Prices Falling - Wall Street Journal
As we play the Tally Ho off the stage:
Told you it was a family newspaper.
-- George Pyle/The Buffalo News
taggedCurrent Affairs | Labor agreements | The Economy | Transportation