>>Yellow Trucking Declares Bankruptcy
(Nashville, TN) -- One of the biggest trucking companies in the U.S. is officially declaring bankruptcy after slamming the breaks on its operations. Yellow trucking filed for chapter 11 bankruptcy protection and will soon be liquidated to pay off its creditors. The Nashville-based company called it quits last week, leaving 30-thousand workers, mostly Teamsters, out of a job. Today, the company blamed the Teamsters for its collapse, claiming the union interfered with its restructuring plans.
>>No Reason Given For Departure
(Austin, TX) -- Tesla's Chief Financial Officer is stepping down. Zach Kirkhorn, who worked at the plant near Austin, had been with the electric car company for 13-years. In a post to social media, he thanked Elon Musk "for his leadership and optimism." No reason for the departure was given. Kirkhorn will be replaced by Tesla's Chief Accounting Officer.
>>Musk: X Will Pay Legal Bills If Users "Unfairly Treated" Over Posts
(San Francisco, CA) -- Elon Musk says his X social media platform will pay legal bills for people he says have been treated unfairly by their employers for posting or liking something on the site formerly known as Twitter. Musk made that pledge in a post on Saturday. He also said there will be no limits on funding legal bills. Musk didn't give any details on how X users could claim money for their legal fees.
>>Hollywood Writers Strike: Still No Deal
(Los Angeles, CA) -- Hollywood writers remain on strike despite meeting Friday with studios for contract talks. The over eleven-thousand members of the Writers Guild of America walked out at the beginning of May over pay, streaming residuals and other topics such as regulating AI use.
>>L.A. City Workers Plan Strike
(Los Angeles, CA) -- Thousands of Los Angeles city workers will be walking off the job later this week. Over eleven-thousand L.A. city workers are expected to take part in a one-day strike Tuesday. Workers are expected to picket outside City Hall,the Los Angeles International Airport and other locations. The union representing sanitation workers, traffic officers and mechanics say the city has refused to bargain a new contract in good faith. The strike is expected to last 24 hours.
>>More Time For Contract Negotiations With Frontier
(Charleston, WV) -- There will be at least two-more weeks of contract negotiations between the Communications Workers of America and Connecticut-headquartered Frontier Communications. A strike was avoided over the weekend when the two sides agreed to keep talking. The current contract was extended until August 19th. Job security and benefits remain the two points that have yet to be agreed upon in the new contract.
>>Over A Third Of Americans Don't Think They'll Retire
(Washington, DC) -- Over a third of Americans don't believe they'll ever make enough money to retire. That's according to a recent study conducted by the Employee Benefit Research Institute. They found that roughly 36-percent of working Americans have little or no confidence in their financial security if they retired. Last year, only 27-percent of respondents said the same. Recent census data also shows more than 40-percent of Americans aged 55 to 64 have no retirement savings.
