Kynetic LLC CEO Michael Rubin on Bloomberg TV (Video)

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Lockheed, Obama Administration in middle of political storm over layoff notice issue

Tom Paine

The US Department of Labor's guidance to defense contractors not to issue layoff warning notices (under the WARN Act) to employees who might be effected by sequestration has raised a political furor, and Lockheed Martin is in the middle of it.

Lockheed had said in June it was considering sending the notices to all of its 123,000 employees, which would go out shortly before election day. But on Friday the Office of Management and Budget said the contracting federal agencies would cover “employee compensation costs for [Worker Adjustment and Retraining Notification] WARN Act liability as determined by a court”. Subsequently, Lockheed announced on Monday it would not be issuing notices as planned in early November.

Lockheed has tens of thousands of employees in Virginia, a key swing state, according to one estimate. Lockheed also has some 9200 employees in the Philadelphia area, according to the Philadelphia Business Journal. They are located primarily in King of Prussia, Newtown, and South Jersey.

Republicans assert that the Administration is skirting the requirements of the WARN Act for political expediency.



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Daily Links 10/3/2012: Redbox to begin ticket sales in Philly, partnering with Comcast-Spectacor's New Era Tickets

Redbox to expand into event ticket sales at kiosks (Chicago Tribune)
Starting in Philadelphia this month; partnering with Comcast-Spectacor's New Era Tickets.

Civic engagement startup ElectNext helps you decide on the issues (VentureBeat)

T-Mobile, Metro PCS announce merger (Washington Post: Post Tech)

Can you say MetroPCS iPhone? T-Mobile sure can (Gigaom)

Ellison hawks Oracle's cloud stack, calls out Salesforce.com
Oracle offers customers an integrated, more modern architecture than the competition, Ellison says (Computerworld)

Meet Comcast's IP-Only Set-Top (Light Reading Cable)


BizEquity Announces New Independence Platform
First and leading cloud-based business valuation service announces new version of its patent-pending Valuation as a Service product (Business Wire)

Fall 2012 Hack Days (Monetate Engineering Blog)




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