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U.S. High Court to Hear Fidelity Case to Clarify Worker Protections

The Supreme Court said Monday that it will consider the scope of whistleblower protections written into a 2002 federal law that encourages employees at public companies to report fraud.The case, involving claims made by former employees at Fidelity Investments, was one of three new business cases the high court added to its docket Monday.The justices also agreed to hear a frequent-flyer dispute involving Delta Air Lines Inc.'s (DAL) Northwest Airlines subsidiary and a patent appeal by medical-device maker Medtronic Inc. (MDT).The court will consider the cases during its next term, which begins in October.The justices took the Fidelity case to clarify the meaning of whistleblower protections that were included in the Sarbanes-Oxley Act, a 2002 law passed to strengthen corporate governance in the wake of several corporate scandals, most notably at Enron Corp.The protections apply to employees of public companies who report suspected fraud or securities violations to their supervisors or ...

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  1. Chile LAN-Brazil TAM Tie-Up Co Seen Having 2014 Revenue Of $17.5 Billion

    DOW JONES NEWSWIRESSANTIAGO -(Dow Jones)- The carrier resulting from the merger of Chilean flagship LAN Airlines SA (LFL, LAN.SN) and Brazilian carrier TAM S/A (TAM,...

  2. American Airlines Seeks to Void Labor Contracts

    The parent of American Airlines on Monday sought bankruptcy court approval to throw out labor contracts, a move that puts new pressure on pilots, flight attendants a...

  3. United: Operations Improved After Weekend Snag

    United Airlines said on Monday its operations were improving after a weekend spent grappling with a computer glitch that occurred as it combined its flight reservati...

  4. United Airlines Hit by Technical Glitches

    United Airlines battled service problems including flight delays, faulty kiosks and jammed phone lines this weekend as it worked through technical glitches during it...

  5. Delta Mulls Bid For US Airways: Report

    Delta Air Lines Inc. is weighing a possible a takeover bid for US Airways Group , according to a report late Friday in the Wall Street Journal, citing people familia...

  6. AA Retirees Face Sharp Benefit Cuts: PBGC

    Retirees of American Airlines parent AMR Corp. could lose $1 billion in benefits if the bankrupt carrier decides to end its four pension plans, according to a Tuesda...

  7. History of U.S. Airline Bankruptcies

    American Airlines (NYSE:AMR) is the last of all the major U.S. airlines to have filed for bankruptcy. The following list shows the history of airline bankruptcies an...

  8. AMR Shares Tumble on Bankruptcy Fears

    Shares of American Airlines parent AMR Corp fell as much as 41 percent Monday on growing fears the third-largest U.S. airline is headed for bankruptcy, although the ...

  9. Analysis: AMR a prize, battle ground for Boeing and Airbus

    By Kyle PetersonCHICAGO (Reuters) - American Airlines , which once pledged loyalty to Boeing Co <BA.N>, has let Airbus <EAD.PA> back into the room for negotiations o...

  10. Delta Closes Northwest Facility, But Heavy Costs Still Loom

    Delta Air Lines (NYSE:DAL) said Thursday it is closing a Northwest Airlines facility in an effort to save cash amid skyrocketing oil costs that have already forced i...

  11. Delta Overtakes American as No.1 Airline by Traffic

    Flying by rival American Airlines, Delta Air Lines (NYSE:DAL) officially became the world’s largest carrier by traffic in 2010, new industry stats reveal.According t...

  12. Delta Air expects charge tied to debt reduction

    ATLANTA (Reuters) - Delta Air Lines Inc saidTuesday it expects to record a one-time charge of $350million in the third quarter tied to efforts to reduce debt.The car...

  1. Delta to restart dividend, launch share buyback program

    Delta Air Lines Inc plans to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyba...

  2. Lawmakers worry about fare hikes at airline merger hearing

    Lawmakers discussing the US Airways Group plan to merge with AMR Corp, parent to American Airlines, asked CEOs from the two companies repeatedly on Tuesday if the de...

  3. Analysis: Can U.S. airlines attract investors with better returns?

    U.S. airline stocks, long derided as investment duds, have been gaining altitude in recent years. Now, some see room for them to fly even higher.Recent mergers have ...

  4. American, US Airways Merger Could Launch Credit Card Battle

    While American Airlines and US Airways struck notes of love and harmony on Thursday, their merger could set up a battle between two major banks over who can offer cr...

  5. Delta expects 2013 profit growth, plans returns to shareholders

    Delta Air Lines said on Wednesday that it expected profit growth in 2013 and would introduce a plan to return cash to shareholders.Chief Executive Officer Richard An...

  6. Virgin Atlantic CEO on Delta Deal

    Virgin Atlantic CEO Steve Ridgway on Delta investing $360M in the company.

  7. PRESS RELEASE: Canada Federal Approval not -2-

    OTTAWA, Nov. 30, 2012 - Canada's Environment Minister Peter Kent announced today that the Shallow Gas Infill Development Project proposed by Cenovus Energy at Canadi...

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