Not so fast: U.S. restaurant workers seek ban on surprise scheduling

Trucking News
16 Jul by

Not so fast: U.S. restaurant workers seek ban on surprise scheduling

Not so fast: U.S. restaurant workers seek ban on surprise scheduling

The text message came as Flavia Cabral walked to a McDonald's restaurant in Manhattan for her 6 p.m. shift on a May evening. Cabral said she was not too surprised. "Every week you're guessing how much money you're going to get and how many days you're going to work," said Cabral, 53, who has been employed at McDonald's for four years.But a measure of relief is coming for Cabral and 65,000 other New York City fast-food workers whose schedules and incomes often change with little or no notice.


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Trucking News
16 Jul by

Oil edges up towards $49, U.S. drilling slowdown supports

Oil edged up to around $49 a barrel on Monday as a slowdown in the increase of rigs drilling in the United States eased concern that surging shale supplies will undermine OPEC-led cuts. U.S. drillers added two oil rigs in the week to July 14, bringing the total to 765, Baker Hughes (BHGE.N) said on Friday. "The slowing pace of increases combined with massive drawdowns last week on both official crude inventory numbers from the U.S. probably explains the positive sentiment in general at the moment," said Jeffrey Halley at brokerage OANDA.


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16 Jul by

Didn't pay your Macy's bill? Expect a text from Citigroup

Didn't pay your Macy's bill? Expect a text from Citigroup

The trouble for lenders like Citigroup Inc is that the debt is actually owed to them. Citigroup, the fourth-largest U.S. bank by assets, said on Friday that it is having trouble collecting on store-branded cards, which is leading to higher losses. To reverse that trend, the bank has been stepping up its outreach to shoppers who finance purchases from chains like Macy's and Sears with Citigroup store-brand credit cards which the bank has stood behind for more than a decade.


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Trucking News
16 Jul by

China property investment, sales ease in second quarter but remain resilient to curbs

China's real estate investment growth slowed slightly in the second quarter from the first, suggesting government curbs to rein in the red-hot property market are starting to hit speculators even though underlying demand remains resilient. Growth in property investment, which mainly focuses on residential but also includes commercial and office space, eased to 8.2 percent in April-June from a year earlier, compared to a 9.1 percent expansion in the first three months of the year, according to Reuters calculations based on data from the National Bureau of Statistics (NBS). Real estate investment is a major driver of the economy affecting more than 40 other sectors.


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