BAA Airport Strikes Off
reports, and wire, Tribune-Review/Pittsburgh Tribune-Review
Workers at BAA Ltd.'s seven U.K. airports, including London Heathrow, Europe's busiest, called off the first of three strikes scheduled for next month, the Unite union said. London-based BAA, the world's largest airport operator, has met the union's "main concern" and agreed to negotiate over the introduction of a new pension plan, Unite spokesman Andrew Murray said Monday in a telephone interview. The 5,000 BAA security, maintenance and administrative workers in the union protested the end of a final- salary pension plan and voted Dec. 21 for 24-hour strikes on Jan. 7 and Jan. 14 and a 48-hour strike on Jan. 17.
Travelers suit settled
The Travelers Cos. Inc., one of the nation's largest commercial insurers, has settled a lawsuit and separately will pay $6 million to settle several state investigations, including in Pennsylvania, over how it paid brokers, the company and the Florida Attorney General said Monday. Travelers did not disclose how much it was paying to settle the 2004 shareholder lawsuit over contingent payments to brokers and allegations that it rigged bids. The company had lost an earlier effort to dismiss the lawsuit, which sought class action status. Florida Attorney General Bill McCollum alleged that St. Paul-based Travelers conspired with brokers to submit fake bids even though the brokers had already determined which insurer would get business from a policyholder.
Shots upset Bubble Wrap staff
The maker of Bubble Wrap -- the famously addictive packaging that people love to pop, crackle and stomp on -- says the popping of gunshots from a nearby police shooting range is giving its employees a headache. Sealed Air Corp., maker of the cushioned plastic since 1957, says the noise from gunfire at the police department's firing range in Elmwood Park, N.J., is "disruptive and unsettling" to its employees, according to a letter sent to borough officials. Police Chief Don Ingrasselino says developers should have thought of that before building an office complex a few feet away from a shooting range in 2006.
No enforcement for Shaw Group
The Securities and Exchange Commission has concluded a three- year investigation into the Shaw Group Inc. without recommending any enforcement actions, the company said. The accounting methods of the company, which owns a 20 percent stake in Monroeville-based Westinghouse Electric Co., had been probed by the SEC's enforcement division. The Baton Rouge, La.-based power-plant builder restated earnings for fiscal years 2005, 2006 and the first three quarters of 2007 for accounting errors, according to its annual report filed earlier this month. Tokyo-based Toshiba Corp. controls Westinghouse with its 67 percent stake. Other shareholders include the state-run energy company of Kazakhstan, at 10 percent, and Japanese heavy equipment manufacturer IHI, at 3 percent.
Delphi loss widens
Delphi Corp., the bankrupt former auto-parts unit of General Motors Corp., said its net loss for November widened to $231 million. …