Two sides in L.A. port strike reach deal to end week-old strike

LOS ANGELES Wed Dec 5, 2012 1:43am EST

Related Topics

LOS ANGELES (Reuters) - Striking harbor clerks reached a tentative contract deal with management at the twin ports of Los Angeles and Long Beach on Tuesday night, settling a week-old labor clash that has idled most of America's biggest cargo-shipping complex.

The accord followed a resumption of negotiations after the two sides agreed to accept the help of federal mediators under pressure from Los Angeles Mayor Anthony Villagraigosa, who announced the deal.

(Reporting by Dan Whitcomb; Additional reporting and writing by Steve Gorman)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.