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Pension

UPS, union avert strike with planned 5-year deal, more pay

July 25 (Reuters) - UPS (UPS.N) and its Teamsters union have signed a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of the nation's package shipments.Tuesday's agreement, which must be ratified by union members, cinches another win for transportation labor groups. Railroad, airline and West Coast seaport workers have all seen their bargaining hand strengthened by labor shortages and public support for those who risked their lives...
Banking

European shares fall, Sartorius plunges on forecast cut

German stocks retreat from record highAirbus rises amid string of new ordersMTU Aero Engines up on FY earnings outlook hikeJune 19 (Reuters) - European shares fell on Monday, with Franco-German lab equipment maker Sartorius leading the declines, while investors cautiously awaited further stimulus measures from China to revive demand.The pan-European STOXX 600 index (.STOXX) shed 0.6%, while Germany's DAX index (.GDAXI) dropped 0.6% after closing at a record high in the previous session.Shares of Sartorius (SATG.DE) plunged 16.6%, to the bottom of the STOXX 600, after the company cut its...
Banking

European shares rise on Fed pause hopes

Fed meeting eyed later in the dayEntain to buy Poland-based betting operator for $946 mlnLogitech slides after CEO exitGrifols surges on plan to reduce stake in Shanghai RAASSTOXX 600 up 0.4%, European banks add 1.1%June 14 (Reuters) - European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve.The pan-European STOXX 600 index (.STOXX) closed 0.4% higher.Banks (.SX7P), which tend to benefit from higher rates, rose 1.1%. Italy (.FTMIB) and Spain's (.IBEX) lender-heavy indexes rose 0.9%...
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