Word: settlements
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...also agreed to pay Thomas Moorer, a retired Chairman of the Joint Chiefs of Staff, a settlement reported to be $100,000. The original program and article stated that Moorer confirmed the use of sarin during Tailwind, which he has denied...
...president Stephen Yokich said that there were no winners in the settlement," which has been ratified Wednesday by union members, says TIME reporter Joe Szczesny. "But clearly GM fell far short in its efforts to get a broad mandate to restructure its operation. A draw in the negotiations was a victory for the union." GM will likely put many of its factories on a round-the-clock schedule for the rest of the year to try and recover some of the $2.2 billion in lost profits the strike has cost it. Workers will get plenty of overtime and GM will...
...MBTA's new Plymouth line takes visitors south to the heart of the Old Colony. Plymouth ($8 round trip), home of the infamous Plymouth Rock and the Pilgrims' first permanent settlement in the New World, remains a vintage seaside port...
...then there's Bankers Trust, which introduced the world to derivatives surprises in 1994. Procter & Gamble sued the bank after absorbing losses of about $150 million on a blown deal, accusing Bankers Trust of misleading it on the risks. The bank agreed to a costly settlement. Now it may face other nasty surprises from Asia. According to SEC filings, the bank has some $5 billion of gross-credit exposure in derivatives to clients that aren't investment grade...
According to Strober, Mrs. Wendt has appealed the settlement...