Oil prices rise after Iran seizes oil tanker

The United Auto Workers union and Ford have reached a tentative agreement that could end the nearly six-week strike against the iconic Detroit automaker, the union announced Wednesday. The deal, the full details of which were not immediately released, must still be ratified in a vote by the 57,000 union members who work at Ford….

The Texas walkout came one day after workers shut down Stellantis’ Ram Truck plant in Michigan.

“Close to 96% of the net worth of the promoters of India’s wealthiest families is parked in trusts,” said Rishabh Shroff, partner at Cyril Amarchand Mangaldas, a Mumbai law firm. “These structures are increasingly attractive to wealthy business families, to shield their assets and insulate their businesses from insolvency, family or creditor disputes.”

Unite Here Local 11 has made more progress in contract talks with hotels ahead of the holidays. The union said Friday it had secured tentative agreements with three downtown L.A. properties as well as a hotel near Los Angeles International Airport. The agreements cover roughly 800 workers at the InterContinental, Hotel Indigo and E- Central…

Unite Here Local 11 has reached a tentative agreement with a 10th hotel, marking continued momentum in the contract campaign it began earlier this year. The deal with the Beverly Wilshire was reached days after the union nailed down agreements with two other major Beverly Hills hotels, the Beverly Hilton and the Waldorf Astoria. It…

Updated Jan. 8, 2024 9:53 pm ET United Airlines and Alaska Airlines have discovered loose parts on Boeing 737 MAX 9 jets that they have inspected after a near-catastrophe on a flight Friday, signaling Boeing’s issues go beyond the aircraft that made an emergency landing. U.S. air safety officials grounded the Boeing jets and are…