United Airlines employee files class action lawsuit over unpaid days off policy

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FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren

(Reuters) – A United Airlines Holdings Inc (UAL.O) non-union employee filed a class action lawsuit on Wednesday alleging that a requirement that management and administration employees take 20 unpaid days off breaches the terms of federal payroll aid.

Chicago-based United is among the U.S. airlines that have accepted government payroll support, which is conditional on the companies not cutting jobs or pay rates before Sept. 30 as the sector

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‘Fear on steroids’ will drive stocks higher: Market bull Jim Paulsen

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The market may be in better shape than Wall Street thinks.

The Leuthold Group’s Jim Paulsen believes investor angst over the coronavirus pandemic is overdone.

He predicts stocks will return to all-time highs sooner than it takes for the economy to recover.

“Fear is on steroids,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. “In the past where you had high levels of fear, that was typically a very good time to buy the stock market.”

He lists widespread anxiety over losing life savings and jobs as classic characteristics of a recession. Not only are these

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Jack in the Box, Cisco, SmileDirectClub and more

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A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine, Calif.

Glenn Koenig | Los Angeles | Getty Images

Check out the companies making headlines after the bell.

Cisco Systems — The technology company’s stock rose 2% in extended trading after Cisco reported third-quarter earnings. The company said it had earnings of 79 cents per share excluding some items on revenue of $11.98 billion, while analysts polled by Refinitiv expected earnings of 69 cents per share with revenue of $11.70 billion. Cisco reported an 8% drop in revenue from the

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Stock futures rise as Wall Street tries to curb the latest wave of selling

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New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020.

Tayfun Coskun | Anadolu Agency | Getty Images

U.S. stock futures rose on Wednesday night after concerns over the U.S. economy and the market’s overall valuation sparked another sell-off in equities earlier in the day.

Dow Jones Industrial Average futures traded 88 points higher, or 0.35%. S&P 500 and Nasdaq 100 futures also gained 0.3% each. 

The Dow and S&P 500 fell 2.2% and 1.8%, respectively, during regular trading hours while the Nasdaq Composite lost 1.6%. Those declines followed

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