Saturday, July 27, 2013

Union Carbide seeks transfer of asbestos mass tort claim from Phila. to federal court

Attorneys for Union Carbide Corp. have petitioned the federal court in Philadelphia for a
Robert N. Spinelli
Robert N. Spinelli
transfer of an asbestos mass tort claim that was brought last month by a Florida woman at the Philadelphia Court of Common Pleas.
Susan E. Murphy is suing Union Carbide over the mesothelioma related death of Donald Murphy, who was diagnosed with the disease in July 2011 by a doctor at Broward General Medical Center in the Sunshine State.
Donald Murphy’s disease, the plaintiff claims, was directly attributed to the man’s exposure to asbestos, which occurred during his career with the United States Army and during private work as a housing renovator.
Donald Murphy, the lawsuit shows, was also a cigarette and pipe smoker for a number of years.

EPF eyes Germany, France

A file picture shows the interior of Whitefriars at 65, Fleet Street London, which has been purchased by EFP. The fund has invested at least RM279bil in the United Kingdom.
A file picture shows the interior of Whitefriars at 65, Fleet Street London, which has been purchased by EFP. The fund has invested at least RM279bil in the United Kingdom.

KUALA LUMPUR: The Employees Provident Fund (EPF) will invest 500 million euros (RM2.13bil) in industrial property in Germany and office space in France, according to sources familiar with the deals, signalling growing appetite for high-yielding property assets, as Europe’s main economies show signs of recovery.

Goodyear-Union workers prepare for possible strike

With union workers at Goodyear Tire & Rubber Co. saying they're poised to strike this weekend if necessary, some businesses surrounding Cumberland County's largest employer are bracing for the potential fallout.
"I'm scared," said Pyong Cho, the 48-year-old owner of Su's Subs in the Andrews Commons shopping center. "It will damage if they strike. That's why I'm a little bit scared ... I'm just waiting on what's going to happen."
Cho said 70 percent of his business is from plant workers.

Moody’s revises Singapore banking outlook to Negative

Singapore: Moody's Investors Service has changed the outlook for Singapore's banking system to Negative from Stable, owing to the recent period of rapid loan growth and rising real estate prices in Singapore and in regional markets where Singapore banks are active.