Supreme Court Justice Antonin Scalia…
The death of Supreme Court Justice Antonin Scalia triggered more than the brouhaha over who should appoint his successor, a story that’s been vying with the presidential primaries for headlines since his Feb. 13 passing.
There are also implications for a number of cases currently before the court. Among key ones whose fates are now cloudier than before are several related to class actions in which businesses have clear rooting interests.
—
Appeals court shoots down lifetime health benefits under collective bargaining agreements that don’t specifically promise them.
Strategies for providing effective health benefits to employees have shifted dramatically in the past two decades. Nonetheless, some companies continue to bear the burdens of legacy benefit liabilities.
Our Latest Headlines
Fed Says New Monetary Tool Working Well
The overnight reverse repurchase program has helped the Fed implement December’s rate hike smoothly, the Fed’s top markets official says.
Ruling Lets Companies Cut Retiree Benefits Costs
Appeals court shoots down lifetime health benefits under collective bargaining agreements that don’t specifically promise them.
Western Digital Loses Equity Investment
Chinese investor walks away from an equity investment in Western Digital after CFIUS announces it would review deal.
Scalia’s Death Harms Companies’ Interests in Supreme Court
A number of class-action cases that probably would have been decided in companies’ favor are now up in the air.
Fitbit Cuts Its Earnings Forecast
The maker of wearable fitness trackers says profits and sales will be lower this quarter than originally forecasted.
Lexmark Cuts Jobs, Explores Alternatives
Some positions are being moved to low-cost countries and Lexmark expects to generate about $67 million in savings in 2016 and more in subsequent years.
Macy’s Sales Fall Less Than Expected
Is Macy’s making a comeback?
U.S. Home Prices End 2015 With 5.4% Gain
The hottest markets in the country, primarily on the West Coast, continued to show double-digit price gains.
Find sponsored content inside the CFO library.