Supreme Court says union contracts can limit age bias lawsuits

WASHINGTON — Workers can't sue for age discrimination when the union representing them has agreed that any bias claims should go to arbitration rather than court, the U.S. Supreme Court ruled.
The justices, voting 5-4, ruled in favor of Temco Services Industries Inc. on a discrimination lawsuit by three men who were demoted from positions as night watchmen at a New York City office building. The suit invokes the U.S. Age Discrimination in Employment Act.


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GMAC resumes car loans to riskier borrowers

General Motors' financing arm said Wednesday it plans to temporarily waive some dealer fees and start making loans to more potential buyers with low credit scores in a bid to stop the extended slide in U.S. vehicle sales.
GMAC said it will set aside $5 billion for consumer loans over the next 60 days and will resume lending to consumers with credit scores below 620 points, a level that flirts with riskier borrowers.


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Dollar General to add 450 stores
Washington Report: FDIC and Loan Pools

Honda offers buyouts, cuts workers' pay

COLUMBUS, Ohio — Honda Motor Co. is offering voluntary buyouts, cutting workers' pay and imposing 13 non-production days at its North American plants to reduce its production this summer by 62,000 vehicles.
Honda spokesman Ron Lietzke said Tuesday that the buyouts will be offered to most of the Japanese automaker's 35,600 employees in the U.S., Canada and Mexico. He says enhanced retirement packages are also being offered.


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Toyota's U.S. sales lag GM's for March, year to date

Toyota reported a drop of 39 percent in U.S. sales for March compared with last year, with a total of 132,802 vehicles delivered versus 217,730 in March 2008.
For the year to date through March, Toyota said it had delivered 359,672 vehicles, compared with 571,748 for the first three months of 2008 – a decline of 37 percent.


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Business Calendar

FastPitch final competition, 5:30 p.m., Tuesday, March 31, Maddox Grand Atrium inside the Curb Event Center, Belmont University. www.fastpitchnashville.com.
Real Estate Investors of Nashville's Tenant Screening class, 6-9 p.m., Tuesday, March 31, REIN Education Center, 2416 Music Valley Drive, Space 151. www.reintn.net. Cost: $25 members, $45 others.


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HOA Renter Rights

Private Medicare plans get new rules

WASHINGTON — The Obama administration Monday placed new curbs on private insurance plans that are popular with seniors in Medicare but have been criticized for marketing abuses and for high costs to the government.
Medicare officials said the changes include winnowing the number of versions of a plan that insurers can offer, protecting patients with chronic diseases from excessive co-payments, and banning a practice by some plans that can add even more to the costs of brand-name drugs.


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GM, Chrysler aren't viable, White House says

WASHINGTON -- President Barack Obama is sending a blunt message to Detroit automakers: To survive -- and win more government help -- they must remake themselves top to bottom.
Driving home the point, the White House ousted the General Motors chairman as it rejected GM and Chrysler's restructuring plans.


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