Global Glance: High court challenge to labor unions follows 4-4 split; House takes aim at financial regulations

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Here are today’s top business headlines from across the nation and world:

New high court challenge to labor unions follows 4-4 split

WASHINGTON (AP) — Conservative groups are wasting little time in trying to deal a crippling blow to labor unions now that Justice Neil Gorsuch has joined the Supreme Court. A First Amendment clash over public sector unions left the justices deadlocked last year after the death of Justice Antonin Scalia. But union opponents have quickly steered a new case through federal courts in Illinois and they plan to appeal it to the high court on Tuesday. The groups say unions representing government employees violate the free speech rights of workers by collecting money from people who don’t want to join. If the high court agrees, it could threaten the financial viability of unions and reduce the clout of labor, one of the biggest contributors to Democratic political campaigns. Read more

AP Explains: House takes aim at financial regulations

WASHINGTON (AP) — Republicans, most notably President Donald Trump, view the regulations associated with Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 as increasing compliance costs for financial companies and making it harder to lend money and spur economic growth. Trump calls the law a “disaster.” The replacement in the House has been authored by Texas Rep. Jeb Hensarling, the chairman of the Financial Services Committee. At its core, the Financial Choice Act would give banks regulatory relief so long as they meet a strict basic requirement for the capital they build to cover unexpected big losses. Read more

Shareholders to settle fight with GM’s activist investor

DETROIT (AP) — General Motors’ normally tranquil annual meeting could be a contentious affair this year, as an activist investor targets GM’s stagnant stock price. The nation’s No. 1 automaker has posted more than $42 billion in profits over the past seven years. Yet the stock has stubbornly hovered near its $33 initial offering price from November 2010. That’s led investor David Einhorn to propose splitting the stock into two classes: One for capital appreciation, the other for those who want dividends. Einhorn’s Greenlight Capital hedge fund owns 3.6 percent of GM. The automaker’s management opposes the proposal as too risky. Read more

Siri, speakers and software: Highlights from the Apple show

SAN JOSE, Calif. (AP) — Siri is getting a new voice, and the Mac is getting a new name. Apple unveiled new hardware, including a Siri-powered speaker, and previewed upcoming iPhone, iPad, Mac and Apple Watch features as the company’s Worldwide Developers Conference kicked off Monday. Read more

Climate change raises new risk: Are inland bridges too low?

DES MOINES, Iowa (AP) — Climate change is often seen as posing the greatest risk to coastal areas. But the nation’s inland cities face perils of their own, including more intense storms and more frequent flooding. Even as President Donald Trump has announced his intention for the U.S. to withdraw from a global climate agreement, many of the nation’s river communities are responding to climate change by raising or replacing bridges that suddenly seem too low to stay safely above water. Read more

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