Published on 31 May 2016
Nearly
40,000 striking Verizon workers will return to their jobs Wednesday
after reaching a tentative contract agreement over the Memorial Holiday
Weekend. The Communication Workers of America say the new deal includes
1300 new call center jobs, nearly 11% in raises over 4 years and the
first contract for Verizon wireless store workers. The CWA called the
deal a victory for working families. Crude oil prices are quiet as
investors wait for cues from OPEC on oversupply. OPEC meets Thursday and
will discuss what to do with oil production after prices hit $50 a
barrel last week. Oil prices have doubled since hitting lows over the
winter. Viacom's board is preparing for a fight with the Redstones. The
Wall Street Journal says board members are anticipating their ouster and
and will argue that former Chairman Sumner Redstone doesn't have the
mental competency to act of his own free will.
