Union protests firing at UPS
Union workers rallied outside a United Parcel Service depot in Farmingdale yesterday to protest the firing of two shop stewards in a work rule dispute with the company. About 100 workers marched from 7:45 a.m. to 8:30 a.m., said Tim Sylvester, president of Long Island City-based Local 804 of the International Brotherhood of Teamsters, which represents the workers. Sylvester said UPS fired the stewards Monday after they told members the local's business agent wanted to meet to discuss the company's plan to fire a worker because he refused to continue with deliveries on May 4 after working a 12-hour shift. The union contends firing that driver would be illegal and dismissing the stewards is illegal. Sylvester said UPS took the position the driver quit or resigned because he didn't complete his deliveries. "I don't want anybody driving a vehicle if they are too tired to do it," he said. Company spokesman Dan Cardillo, based in Manhattan, confirmed the stewards' firing but noted, "They had some concerns and didn't follow proper procedure for discussing them and improperly delayed the start of the operations." -- CARRIE MASON-DRAFFEN
CA adds Microsoft as partner
CA Technologies has taken a big step forward in marketing its ARCserve data-protection software to business clients: It has added Microsoft as a new distribution partner. Islandia-based CA's software will be offered with Microsoft's Windows Azure cloud-computing platform. As part of a cloud-computing model, the CA software will be sold to Microsoft customers in an as-needed, or "software-as-a-service" basis. "The new cloud offering, scheduled for availability in the second half of this year, is part of CA Technologies' strategy for bringing rapidly deployable, easy-to-own IT [information technology] management solutions to market," CA said. -- JOSEPH MALLIA
Systemax store income dips
Port Washington-based computer retailer Systemax Inc., owner of the CompUSA chain, reported Tuesday that revenue declined 8 percent at its existing consumer stores -- those open at least a year. That number doesn't include revenue from newly opened stores, or from online sales. But despite its brick-and-mortar retail-store setback, Systemax's overall net profit rose in the first quarter, and its revenue increased. Systemax reported net income of $13.6 million for the three months ended March 31, compared with net income of $11.8 million in the same quarter last year. Revenue grew to $929.9 million, up from $915.2 million a year earlier. The company's retail electronics divisions had been directed by Gilbert Fiorentino, a top executive and board member who was fired last week after an investigation prompted by an anonymous whistle-blower's tip. -- JOSEPH MALLIA
Indexes suffer broad sell-off
Tumbling demand for commodities and a drop in the euro led to a broad stock sell-off yesterday that pulled the Dow Jones industrial average down 130.33 points. Stocks fell broadly, with energy and materials companies suffering the worst declines. The Dow lost 1.02 percent to close at 12,630.03. The Standard & Poor's 500 index fell 15.08, or 1.11 percent, to 1,342.08. The Nasdaq composite lost 26.83, or 0.93 percent, to 2,845.06.
Macy's 1Q earnings soar
Macy's Inc. is dominating its competition and bouncing back from the recession by doing many little things well: adding local flavor to its stores, snagging hit exclusives like Madonna's clothing line and keeping its own costs under control. All that contributed to soaring first-quarter earnings that crushed Wall Street forecasts. Macy's stock price rose $2.03, or 7.71 percent, to $28.36 yesterday. Macy's reported net income of $131 million, or 30 cents per share, in the three months ended April 30, easily beating forecasts for 18 cents per share.
Combined with wire service reports