published Friday, March 7th, 2014

Business Briefs: Bob Corker says NLRB should keep vote

Corker says NLRB should keep vote

U.S. Sen. Bob Corker said Thursday that the National Labor Relations Board has never overruled an election due to so-called interference by politicians as the United Auto Workers wants done at Volkswagen's Chattanooga plant.

"It would be unprecedented if the NLRB overrules an election for that reason," Corker said during an interview on Fox and Friends.

He said the UAW has been given until Friday to file additional arguments to its appeal of the VW vote. In February, VW workers voted 712 to 626 to not align with the UAW.

"Even though this is [President Barack] Obama's NRLB, hopefully they will do the right thing here," Corker said.

Mortgage rates edge lower

Average U.S. rates on fixed mortgages fell after three weeks of increases, edging closer to historically low levels.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent.

A report released Tuesday by real estate data provider CoreLogic showed that U.S. home prices rose 0.9 percent in January after three months of declines, as a tight supply of properties likely supported prices despite slower sales.

about Associated Press...

The Associated Press

about Staff Report...

Get breaking news from the Times Free Press on Twitter at or by visiting us on Facebook or Twitter at the right:

Other National Articles

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.