Early Briefing: Union Holds Campaign at Landover Wal-Mart
The United Food and Commercial Workers held organizing campaigns at several Wal-Mart stores across the country this week -- including one yesterday in Landover Hills -- as it renews pressure on the world's largest retailer to increase pay and improve health benefits.
In the Washington area, union representatives said they have been responding to increased inquiries from workers. UFCW Local 400 spokesman Mark Federici said hundreds of Wal-Mart employees in the area have signed union authorization cards, but he declined to give a specific number.
A federal appeals court ruled in favor of the federal government in the cancellation of a contract given to General Dynamics and Boeing to develop the A-12 Navy jet fighter, a federal appeals court said.
Falls Church-based General Dynamics said in a filing last month that its after-tax charge would be about $780 million, or $2.02 a share, if it lost the case. The company said in a statement last night that it plans to appeal the ruling.
Marriott International plans to reduce its debt by as much as $650 million this year to counter a decline in travel spending and lower revenue. The Bethesda company sees signs of stabilization in the economy yet expects revenue per available room to fall by 17 percent to 20 percent for the year, Chief Financial Officer Carl Berquist said at a conference.
Lockheed Martin of Bethesda received a $2.11 billion contract boost for initial production of the next batch of Joint Strike Fighters, the Pentagon said yesterday. The latest contract provides funding for seven Air Force conventional take-off and landing aircraft, seven Marine Corps short take-off and vertical aircraft, plus one fighter jet for the Netherlands and two for the United Kingdom.
McLean-based Qinetiq North America said its revenue rose 42 percent in the year ended March 31, leading to the creation of about 525 U.S. jobs. It attributed the growth in part to work with the Department of Homeland Security and NASA.
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