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AM Business Notebook

>>Yellen Confident Of Ukraine Aid Support, World Growth

(New Delhi) -- Treasury Secretary Janet Yellen says she's confident Congress will approve more financial assistance for Ukraine as it fights to drive out Russian forces. Yellen spoke to reporters earlier today in New Delhi ahead of the G-20 summit being hosted by India. She also said she's "been surprised by the strength of global growth and how resilient the global economy has proven to be." Yellen wasn't very upbeat about the future of China's economy however, saying she sees the world's second-biggest economy "slowing over time."

 

>>WB Suspending Producer Payments

(Los Angeles, CA) -- Warner Brothers is suspending payments to its producers for the duration of the strike. Executives at two studios told the L.A. Times that major film producers could also see their deals affected. Other major studios are also expected to suspend payments soon to cut costs. Warner Brothers expects to lose up to five-hundred-million-dollars during the strike.

 

>>UAW Union President Says GM Offer Is Insulting

(Detroit, MI) -- United Auto Worker Union President Shawn Fain says General Motors' latest counter proposal is insulting and a waste of time. GM offered a counter proposal on Thursday that included a ten percent wage increase, additional paid holidays, inflations payments and more, however the proposal did not meet all of the union's demands. GM says the offer shows their good faith efforts to keep bargaining moving. The union rejected an offer from Ford last week and Stellantis has said an offer will be on the table by the end of the week.

 

>>Meeting Today To Help Avert NYC School Bus Driver Strike

(New York, NY) -- A potential school bus driver strike is looming over New York City public schools. However, a meeting is happening today to try and work things out. A strike would impact tens of thousands of students, some with special needs. Schools Chancellor David Banks says the city doesn't have a lot of control over the situation because negotiations are happening between the union representing drivers and the bus companies that contract with the city.

 

>>Former FTX Executive Pleads Guilty

(New York, NY) -- A former FTX executive is pleading guilty to criminal charges. The plea entered Thursday by Ryan Salame comes less than a month before co-founder of the bankrupt cryptocurrency trading platform Sam Bankman-Fried goes on trial. Salame's attorney previously told prosecutors he'd invoke his Fifth Amendment rights if he was called as a witness.

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