Oh-Oh.There's trouble in River City (from the Music Man.) There is fight brewing over proposed labor law revisions giving workers bargaining rights based on signing cards instead of winning a secret ballot election. Senator Tom Harkin is the sponsor of a bill that would make these changes law.
Now enter the billionaires that supported President Obama's campaign. Even the President's finance chairperson, Penny Pritzker, who is a director of the Global Hyatt Corp., is opposed to the bill. Neil Bluhm, a partner in Walton Street Capital, LLC and Lester Crown, chairman of Henry Crown & co. voiced their criticism of the measure. Now here's a sledge hammer: the US Chamber of Commerce plans to spend $20 million dollars this year advertising and lobbying to block the card check rule.
Why isn't Bank of America updating its shareholders on CEO situation?
Before the bell: Futures sharply lower on Dubai's debt problems
Will Rich Ross really have a positive impact on Disney's movie operations?
