Revenue at Hachette Book Group USA fell 2.8% in the third quarter ended September 30, compared to the same period in 2016. Parent company Lagardere attributed decline to unfavorable comparisons with last year’s third quarter. Lagardere said that last year HBG benefited from strong sales of new releases like Two by Two and Woman of God. Lagardere added that the Perseus publishing properties, which were acquired in March 2016, had a solid quarter. In a statement, HBG CEO Michael Piestsch said despite the sales dip in the third quarter, the company’s revenues through the first nine months of 2017 were “solidly ahead of 2016.” He cited growth in downloadable audio sales and a strong performance from the company's distribution side as high notes. Click Read More below for additional information.
United Parcel Service (UPS) workers have given their union the go-ahead to call a strike in what would be their first walkout — and one of America’s most far-reaching picket lines — in decades. The vote gives union negotiators more sway in contract talks with the shipping giant.
The tally released by the International Brotherhood of Teamsters Tuesday night had 93 percent of UPS members endorsing the authorization and 91 percent of UPS freight employees backing the measure. A national pact with the union covers about 260,000 UPS workers, and the current contract expires July 31.
“UPS is confident in our ability to reach an agreement,” a company spokesperson responded in an email. “Strike authorization votes do not mean a strike is imminent. The reality is that UPS and the Teamsters have already reached tentative agreements, subject to ratification, on a wide variety of non-economic issues.”
The bargaining issues involve pay and work schedules, including expanded service during weekends. UPS started making regular Saturday deliveries last year, and while it has not yet unveiled plans for Sunday deliveries, the union said the company has made proposals to expand weekend services.
more at source: https://www.cbsnews.com/news/teamsters-ups-strike-authorization-vote-new-contract-july-31-deadline-2018-0607/