NetJets seeks suit dismissal
Columbus-based NetJets, the world’s largest private-jet operator, is asking a federal judge to dismiss a lawsuit by its pilots’ union.
The suit, filed in late 2014 and amended this month, alleges that the company interfered with union activities during contract negotiations by hacking into a message board for unionized employees and by impersonating and pressuring employees on Twitter, among other things.
NetJets says the union’s amended complaint, filed in early August, should be thrown out because it fails to back up its claims and is being used as a “witch hunt” against NetJets officials and union members who sympathized with the company.
The union contends that while the sometimes-contentious negotiations were going on, NetJets executives impersonated union members online in an attempt to interfere with union elections and activity.
Uber lures Target executive
Target Corp.’s chief marketing officer, Jeff Jones, is becoming the new president of Uber.
Jones will be responsible for Uber’s ride-sharing operations, marketing and customer support, Travis Kalanick, chief executive of San Francisco-based Uber said in a statement.
Jones has been one of the most visible and best-known members of Target’s leadership team since joining the Minneapolis-based firm as its top marketer in 2012.
Sears reviving paint brand
Sears is getting back into the paint business, hoping an increase in home remodeling projects will mean more home-improvement sales.
“After stepping away from the paint business in 2012, we are seeing the demand from our customers to bring it back,” the company said in a news release.
Sears, based in suburban Chicago, is bringing back two paint brands, Weatherbeater and Easy Living, along with a newly added line under the Craftsman label designed for use on metal, porches and garage floors.
Chipotle freebie for kids
Chipotle’s latest burrito giveaway is for children.
The company is offering free kid’s meals on Sundays during the month of September, another attempt to lure back customers unnerved by a series of food scares. An E. coli outbreak last year sent Chipotle sales plunging.
In June, Chipotle Mexican Grill Inc. launched a three-month loyalty program that lets customers earn free meals based on the number of visits they make each month. On Monday, it announced that high school and college students could get a free soda or iced tea if they buy a meal and show ID. The chain has already given away millions of free burritos this year.
Home prices rise modestly
U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties.
The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.1 percent in June compared with a year ago. That’s down from a 5.3 percent annual gain in May and is the slowest year-over-year pace since last August.
Home values are still soaring in the Northwest, but have slowed to more sustainable rates elsewhere. In Northeastern cities such as New York and Washington, D.C., they are rising at roughly the rate of inflation, and in Boston, less than 5 percent.
Earnings increase 1.4 percent
U.S. banks’ earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.
The data issued Tuesday by the Federal Deposit Insurance Corp. showed continued strength in the banking industry eight years after the financial crisis struck. However, the impact of low oil prices on energy companies led banks to continue to post bigger losses on commercial and industrial loans.
Compiled from staff and wire reports