Union plans rally to spotlight Rexnord job losses

With the shutdown of Rexnord Corp.’s local bearings plant just months away, union officials are planning a rally next week to highlight the workers’ plight. Meanwhile, employees have received approval for federal job relocation aid.

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Trump to pick deals lawyer Clayton to lead SEC

President-elect Donald Trump is expected to pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator.

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