Rockwell Collins trims Iowa jobs as UTC deal looms
Rockwell Collins cut 124 jobs this fiscal year, with reductions mainly in Cedar Rapids and surrounding Iowa sites. The layoffs follow earlier announced cuts and come as UTC plans an acquisition not expected to close until next year. LeanCor also announced a 50 person layoff in August.
MENTIONED IN THIS ARTICLE
Rockwell
Iowa
Rockwell Collins
Cedar Rapids
United Technologies Corp
Baynes
Coralville
Decorah
Bellevue
Manchester
UTC
LeanCor Supply Chain Group
LeanCor
Kentucky
Martin
the Gazette
Banks and Groups sue CFPB over consumer class-action rule
More than a dozen banks and business groups challenge a CFPB rule allowing consumers to sue or join lawsuits against credit card issuers and other financial firms. They argue arbitration preserves access to justice for small claims, while the industry contends the rule harms consumers and undermines the agency.
MENTIONED IN THIS ARTICLE
U.S
Consumer Financial Protection Bureau
CFPB
U.S. Chamber of Commerce
American Bankers Association
Richard Cordray
New York Times
Adidas faces college basketball bribery case amid expansion plans
Adidas eyes growth in North American basketball with a three year expansion, while an employee linked to a federal bribery probe faces arrest. The company reports 401 million dollars in basketball products revenue this year, under 2 percent of total sales, as prosecutors charge coaches managers and Adidas reps in a wide case.
MENTIONED IN THIS ARTICLE
Joon H. Kim
U.S
Southern District of
New York
Adidas
North America
Bloomberg
Manhattan
NCAA
Public Corruption Unit
Joon Kim
James Gatto
Nike
Bas
Adid
Herzogenaurach
Germany
Portland
Ore
Kris Aman
Chris Grando
Aman
Grancio
NBA
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Patane
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Washington Post
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al AM
Arco College