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...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...Union Pacific and BNSF — a division of Warren Buffett’s Berkshire Hathaway — were the two US railroads most directly affected by the closures, the association said....
...The Pacific Railway Act gave “every alternate section of public land” to the railroad companies, within wide swaths on either side of the tracks....
...What’s more, the complaint says, “Chinese companies — primarily state-owned companies — have become leaders in financing, building, operating and owning port terminals around the world.”...
...US-Pacific Islands summit: US president Joe Biden hosts leaders of the Pacific Islands Forum at the White House....
...Additional reporting by Valentina Romei and Alan Smith in London and Aime Williams in Washington...
...Labour experts say there are signs of a historic switch in the relationship between companies and their employees, with the docility that had taken over Japanese labour unions during the past three decades...
...The US and China are discussing a possible meeting between Biden and Xi if the Chinese leader attends the Asia-Pacific Economic Cooperation summit in San Francisco in November....
...I think it is too early to tell,” said Zuhair Khan, who manages the Japan Corporate Governance Long/Short fund for Union Bancaire Privée....
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...“The fact that you have these massive labour stoppages in the traditional union states definitely will benefit southern states as companies are looking to grow,” says Pat Wilson, economic development commissioner...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Cameron resigned in 2016 after gambling the UK would vote to remain in the European Union and losing....
...example, for a Chinese company operating in the UK?...
...Hudson, speaking at a press conference held next to Sydney’s Kingsford Smith airport, said she hoped to build a “constructive relationship” with the unions as the company continued to recover from its pandemic...
...After years of cost cutting, operating margins at big rail companies have peaked. Union Pacific and Norfolk Southern’s valuations reflect this....
...Post-it maker 3M, oilfield services company Halliburton, railroad operator Union Pacific and homebuilder DR Horton are also due to publish results....
...Rail workers are scheduled to vote on the eleventh-hour labour agreement struck last week by US president Joe Biden between rail unions and railroad companies....
...Other earnings: Railroad operator Union Pacific could give insight into whether companies shipping products are responding to higher inflation by seeking cheaper alternatives to air freight....
...They include employees of the largest carriers in North America, such as Union Pacific, CSX and BNSF, a business owned by Warren Buffett’s Berkshire Hathaway....
...Activist investor Jeff Smith has resigned from the board of Cyxtera, the data centre company his firm Starboard Value helped bring public via a Spac merger....
...Plus, the FT’s US markets editor Jennifer Hughes looked at how meme-stock companies are performing after raising capital during the pandemic meme stock frenzy....
...The Unite union says it expects the action to cause “inevitable disruption and delays”....
...Railroad operator CSX and Whirlpool come after the market closes....
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