Simplify Exchange Traded Funds Simplify National Muni Bond ETF (ARCA: NMB)

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Nuveen Massachusetts Dividend Advantage Municipal Fund

AMEX

The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objectives by investing primarily in investment grade U.S. municipal bonds and applying an income generating option strategy. The Fund has adopted a non-fundamental investment policy that, under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. municipal bonds. Municipal bonds are debt securities issued by states, counties, municipalities, authorities, agencies, or other subdivisions, as well as the District of Columbia and U.S. territories such as Puerto Rico, Guam and the Mariana Islands or U.S. Virgin Islands. Municipal securities are issued to raise money for a variety of public or private purposes, including financing state or local governments specific projects or public facilities, housing projects, industrial projects, hospitals, schools, mass transportation, stadiums, waterworks and sewer systems and highways. Although the sub-adviser will target investments across municipal securities that finance a variety of projects, from time to time, the Fund may have significant positions in municipal securities that finance projects that are similar in type, scope, or geographic area.

Simplify National Muni Bond ETF

Simplify Exchange Traded Funds Simplify National Muni Bond ETF

NMB Finl Corp

Delta Air Lines (NYSE: <a class="ticker" href="/stock/dal#NYSE">DAL</a>) today received notification from the National Mediation Board (<a class="ticker" href="/stock/nmb#">NMB</a>) that a majority of simulator technicians have again rejected representation by the International Association of Machinists (IAM). 
In a memo issued today to Delta's simulator technicians, Senior Vice President of Flight Operations Steve Dickson responded to the technicians' decision:
"Today the National Mediation Board (<a class="ticker" href="/stock/nmb#">NMB</a>) reported a majority of Delta's simulator technicians have rejected IAM representation. We are pleased our combined simulator technician workgroup has once again chosen a direct relationship with Delta leaders. This relationship is one of the most important aspects of our unique culture.

News

Delta Simulator Technicians to Remain Union-Free (DAL)

United Parcel Service Inc. (<a href="http://www.zacks.com/stock/quote/UPS ">UPS</a>), the world's largest package delivery company, stated that the National Mediation Board (NMB) has dismissed a bid of Teamsters Local 2727 union to go on a strike against the company in the next 30 days. Teamsters Local 2727 represents approximately 1,400 airline mechanics, who work for United Parcel Service. 
  
Teamsters asked NMB to declare the ongoing negotiations for the new contract to be stalemate, failing which the strike will not be called off. However, if NMB declares the proposed deadlock, the company and Teamsters will commence a new round of negotiations. The union started bargaining with United Parcel Service for more than three years, but did not reach any settlement since 2006. 
  
Teamsters stated that the company had made large profits since 2006, but has neither met the union demands for job security nor for the protection of health and insurance benefits. On the other hand, the company believes the union's request to have the deal declared stalemated is a policy to put pressure on negotiations. 
  
However, management expects an agreement to be reached through the ongoing negotiations between the union and the company. United Parcel Service stated that it has been in the process of negotiations for more than three years and intends to reward the airline mechanics for their contributions to the company with improved contract terms. Besides, management believes the new contract terms will provide the unions with long-term security.
Out of total 408,000 employees, United Parcel has 254,000 employees under Teamsters union governed by the National Labor Relations Act (NLRA). The employees of its major rivals, FedEx Express, a unit of FedEx Corporation (<a href="http://www.zacks.com/stock/quote/FDX">FDX</a>) are governed by the Railway Labor Act (RLA). FedEx has only 90,000 employees, which are treated as airline workers. 
  
FedEx stated that its express drivers are primary to both an airline operation and an express delivery network and will be treated as airline and railroad employees. UPS argues that the drivers and other employees doing similar work will be governed by the same labor law and urges the Congress to put FedEx Express non-airline employees under the same law as UPS drivers.
<a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=UPS">Read the full analyst report on "UPS"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=FDX">Read the full analyst report on "FDX"</a> <a href="http://www.zacks.com" alt="Investment Research">Zacks Investment Research</a>

Teamsters Dispute with UPS - Analyst Blog

The Air Transport Association (ATA) filed a lawsuit against the National Mediation Board (NMB) to stop the Obama administration from putting in effect the new rules for unions, which makes the organization easier to assemble workers at airlines and railroads. NMB coordinates labor relations with airlines and rail companies under the Railway Labor Act (RLA).
Airlines and railroads employ more than 500,000 workers, and about two-thirds of those are already in unions, which is much higher than the overall union membership rate of 12%.
Under the new rule, union organization would be decided on the number of votes cast. The previous 76-year-old rule required a majority of an entire work group to approve unionization, effectively counting those who do not vote as “no" votes. Thus, ATA considers the new rule to be unjustified and violating the federal law. The new rule is expected to be effective on June 10.
The companies that joined the ATA lawsuit include Delta Air Lines Inc. (<a href="http://www.zacks.com/stock/quote/dal">DAL</a>), FedEx Corp. (<a href="http://www.zacks.com/stock/quote/fdx">FDX</a>), AirTran Airways (<a href="http://www.zacks.com/stock/quote/aai">AAI</a>), JetBlue Airways (<a href="http://www.zacks.com/stock/quote/jblu">JBLU</a>) and Alaska Airlines, a unit of Alaska Air Group (<a href="http://www.zacks.com/stock/quote/alk">ALK</a>). The major carriers -- American Airlines, a unit of AMR Corporation (<a href="http://www.zacks.com/stock/quote/amr">AMR</a>), Continental Airlines (<a href="http://www.zacks.com/stock/quote/cal">CAL</a>), Southwest Airlines (<a href="http://www.zacks.com/stock/quote/luv">LUV</a>), United Airlines, a unit of UAL Corp. (<a href="http://www.zacks.com/stock/quote/uaua">UAUA</a>) and US Airways Group (<a href="http://www.zacks.com/stock/quote/lcc">LCC</a>), which are already unionized, declined to join the lawsuit.
Airlines that favor the lawsuit stated that the new rule would lead to more labor disputes that could disrupt commerce and increase delays in an industry already reeling from recession, higher fuel costs and increased security hurdles.
Delta Air Lines is directly impacted by this new rule as it faces representation elections following its 2008 merger with Northwest. Both the Association of Flight Attendants and the International Association of Machinists, which represented major work groups at Northwest, are seeking to organize workers at the merged airline.
However, unions expect the new rule to help organize thousands of flight attendants, baggage handlers and gate agents at Delta, and a host of other smaller carriers, including Allegiant Travel (<a href="http://www.zacks.com/stock/quote/algt">ALGT</a>), JetBlue, Republic Airways (<a href="http://www.zacks.com/stock/quote/rjet">RJET</a>) and SkyWest (<a href="http://www.zacks.com/stock/quote/skyw">SKYW</a>). <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=DAL">Read the full analyst report on "DAL"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=FDX">Read the full analyst report on "FDX"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=AAI">Read the full analyst report on "AAI"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=JBLU">Read the full analyst report on "JBLU"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=ALK">Read the full analyst report on "ALK"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=AMR">Read the full analyst report on "AMR"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=CAL">Read the full analyst report on "CAL"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=LUV">Read the full analyst report on "LUV"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=UAUA">Read the full analyst report on "UAUA"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=LCC">Read the full analyst report on "LCC"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=ALGT">Read the full analyst report on "ALGT"</a> <a href="http://register.zacks.com/ucd/step1.php?ALERT=YAHOO_ZR&amp;d_alert=rd_final_rank&amp;ADID=GENSYND_ZER&amp;t=RJET">Read the full analyst report on "RJET"</a> <a href="http://www.zacks.com" alt="Investment Research">Zacks Investment Research</a>

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Simplify Exchange Traded Funds Simplify National Muni Bond ETF

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Ultime notizie per Simplify Exchange Traded Funds Simplify National Muni Bond ETF (ARCA:NMB)

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PARTNER/COLLABORATORE

BENZINGA NEL MONDO