As Marketplace's business editor Sarah Gardner reports, good times in an industry can also be the right time to bring labor disputes to a head. That seems to be the case at American, where last week more than 60 percent of its pilots rejected the airline's contract proposal. Nobody's declared a strike, but the union hasn't agreed to binding arbitration yet either. Greg Overman is with the Allied Pilots Association, which represents 93-hundred American Airlines pilots. At United, machinists rejected the company's pay offer and its pilots may do the same this coming Friday.
Labor is a big piece of it and it has to be reasonable.
I'm Sarah Gardner for Marketplace. A plans to take over industrial conglomerate B for four billion dollars. By mid-day, B says it's not interested and will fight. By earlier afternoon, A abandons the hunt. Conglomerate A is Tyco International based in New Hampshire that makes plumbing equipment and security systems.