A politically divided U.S. labor board proposed speeding up the process for employees to form a union, reviving a 2011 rule fiercely fought by business groups before it was thrown out by a court on a technicality.
U.S. Supreme Court justices suggested they may curb the president’s power to make temporary appointments without Senate approval, as the court took up a constitutional standoff between the White House and congressional Republicans.
President Barack Obama’s labor board nominees are seen as being at least as pro-union as the two forced out by Republicans last week, giving businesses little reason to expect a change in board decision-making.
Federal securities class-action filings decreased by about 10 percent last year from 2011, PricewaterhouseCoopers found in its 17th annual Securities Litigation Study published yesterday. There were 172 cases in 2012, compared with 191 cases in 2011, with a significant drop in the fourth quarter of 2012.