A new American Airlines pilots’ contract could shake up the airline industry. Plus, who's hiring these days? Here’s the Friday Bloomberg After The Bell Report from the New York Stock Exchange.
American Stock Exchange
2398.42 down 2.73
2978.04 down 11.23
Standard And Poors 500
1418.07 up 4.13
American Airlines pilots approved their first new contract in more than nine years, which will give pilots a stake in the post-bankruptcy company and a pay raise while freezing their pension and requiring longer work hours. The new labor contract could also bring a possible merger with U.S. Airways a step closer.
As for the markets, stocks closed mostly higher after Friday’s better than expected jobs report. So who's doing the hiring these days? Looks like it was the retailers Target, Macy's and Toys R Us, in such a hiring frenzy that we just marked the biggest three-month gain in retail hiring in 16 years.
Speaking of hiring, customer management company Convergys plans to hire 2,500 full-time employees all across the country. It's offering work-at-home and call center-based management and agent positions to be filled through mid-January.