The U.S. labor secretary joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil and cargo backups at 29 West Coast ports.
West Coast
Growing numbers of freighters were backed up around the two busiest U.S. cargo hubs on Sunday because of a dispute between shipping companies and dockworkers that has led to a partial shutdown of ports along the West Coast.
Japanese carmaker Honda Motor Co Ltd (7267.T) plans to slow production at some of its plants in North America due to a parts shortage caused by a partial shutdown of ports along the West Coast.
Japan's SoftBank Corp (9984.T) will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc (TMUS.N).
New York-based television agency Peleton Entertainment bought Todd Berger's consulting firm Creative Media for an undisclosed amount to expand into animation, branded entertainment, and feature film.
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