Today's Teamster News 05.22.12

Double trouble at JP Morgan: trader's losses could exceed $7bn  The Independent   ...The crisis at JP Morgan escalated yesterday as it emerged its trading losses in London could rise to as much as $7bn (£4.5bn) and the US bank cancelled a share buyback...
Students march peacefully in holiday protest  Montreal Gazette   ...Good weather drew a big holiday crowd to the nightly protest against student fees and Bill 78...
AMC Acquisition Largest-Ever Chinese Takeover of a U.S. Company  Economy in Crisis   ... China’s Dalian Wanda Group has purchased U.S. movie theater chain AMC Entertainment for $2.6 billion. This is the largest corporate takeover of a U.S. company by a Chinese firm ever, and the third largest investment by a Chinese firm in the United States...
House Democrats calls for Gov. Walker to clarify testimony in light of new video  Raw Story   ...During a congressional testimony last year, Walker had denied that his actions in Wisconsin were used to punish members of the Democratic Party and their donor base, namely unions. But recently released video of the governor appears to contradict his testimony...
Teamsters union aims to organizes Windsor Essex Parkway construction dump truck drivers  Daily Commercial News and Construction Record   ...This follows a brief protest and work stoppage late last month at the location of the initial earth hauling along Matchette Rd. at the extreme west end of the 11-kilometre six-lane expressway, that will link Hwy. 401 to a new Windsor – Detroit bridge...
Teamsters Canada Rail Conference issues 72-hour strike notice to CP  Progressive Railroading   ...The union represents about 4,800 CP workers, including conductors, yardmen, locomotive engineers and rail traffic controllers. The parties have been negotiating since October 2011 to renew labor agreements that expired on Dec. 31, 2011...