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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 31, 2016
Page
3
Nearly 40,000 Verizon employees are set to return to work on Wednesday after a tentative four year contract. The agreement secures a 10.9 percent wage increase and adds 1,300 East Coast call center positions, ending a seven week strike described as one of the longest in recent years.
Wall Street eyes June with caution as traders weigh three main shocks: potential Fed rate hikes, Brexit fears in Europe, and jobs and wage surprises. The Dow shows strength after a 2.1 percent weekly gain, while analysts warn June could be a volatile month with event risk and possible shocks.
The U S Postal Service unveiled For ever stamps to honor military members awarded the four Service Cross medals. The dedication occurred during Memorial Day at the World Stamp Show in New York City with spokesperson Kristin Seaver praising acts of courage and duty.
Martin Senn, former CEO of Zurich Insurance Group, died last Friday by his own action, according to a company statement citing his family. He stepped down in December, and his death marks a second executive tragedy within the firm in recent years.
Apple shares rose back above $100 Thursday, joining 11 S&P 500 members in recapturing the century level. Netflix AMP and Stanley Black & Decker also topped $100 as a 14 percent market bounce lifts sentiment after a year’s lows, with UBS noting the AI bot and ecosystem value motive.
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