The Ticker

Written By Unknown on Selasa, 03 September 2013 | 00.33

Dealers OK Foxwoods contract by big margin

Dealers at Foxwoods Resort Casino have overwhelmingly ratified a contract that raises salaries and preserves what the union says is the dealers' right to decide how to distribute tips.

Local 2121 of the United Auto Workers said on its website following voting on Thursday and Saturday that dealers voted 908 to 102 in favor of the contract. The union represents nearly 2,000 table game dealers.

Dealers will receive a 25-cent-per-hour raise retroactive to March 1, 2012 and an additional 90 cents an hour more over three years, through 2015. Wages in total are set to rise 11.5 percent.

Foxwoods, which is proposing a resort casino in Massachusetts, has been under financial pressure since the recession in 2008 and the weak recovery.

Group to protest Mass. nuke plant

The recent announcement that the Vermont Yankee nuclear power plant would close at the end of 2014 has focused renewed attention on the Pilgrim nuclear plant in Plymouth. Both are owned by Entergy Corp.

An anti-nuclear group called Cape Downwinders plans a rally today near the Sagamore Bridge, hoping to catch the attention of visitors leaving Cape Cod at the end of the Labor Day weekend. The group says Cape residents and tourists could be trapped if a serious accident ever occurred at Pilgrim.

The Nuclear Regulatory Commission voted last year to relicense Pilgrim through 2032. The plant's operators say the facility is safe and secure, adding that it produces 10 percent of Massachusetts' electrical needs.

Gov. Deval Patrick said recently that it wasn't clear to him whether the state needed Pilgrim.

TODAY

 U.S. stock and bond market is closed for Labor Day.

TOMORROW

 Institute for Supply Management releases its manufacturing index for August.

 Commerce Department releases construction spending for July.

 OECD updates its world economic outlook with interim assessment of its May 2013 forecasts.

 Hebrew SeniorLife, a provider of senior health care and communities in New England, announced the appointment of Helen Chen, left, as chief medical officer for Hebrew SeniorLife Health Care Services and Hebrew Rehabilitation Center. She served as CMO at the Center for Elders' Independence in Oakland, a nonprofit program of all-inclusive care for the elderly.

 Desalitech, a provider of high-efficiency water and effluent treatment solutions, has appointed Mike Spinhirne to be the company's senior vice president of sales. Spinhirne will be responsible for managing the company's market strategy and overseeing U.S. industrial sales.


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