Auto workers have signed off on a trio of new contracts with Ford, General Motors and Jeep parent company Stellantis, bringing closure to a more than six-week strike that rocked U.S. auto makers and showed a renewed militancy within the industry. The United Auto Workers union announced Monday morning that 64% of members overall voted … Read more
A little over three years have passed since McDonald’s sent out an email to thousands of its restaurant owners around the world that abruptly cut short the future of a three-person startup called Kytch—and with it, perhaps one of McDonald’s best chances for fixing its famously out-of-order ice cream machines. Until then, Kytch had been … Read more
The Grinch Source: Universal Studios It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that’s too grinchy. Some things will get better. The actors’ and writers’ strikes are over. The 2024 U.S. presidential election should … Read more
(NewsNation) — Many Americans might see a pay raise next year, with the minimum wage reportedly expected to increase in 25 states. In 22 states, the minimum wage will be higher on Jan. 1. Nevada and Oregon’s new minimum wage is set for July 1, with Florida’s increase slated for Sept. 30. The last time … Read more
Insurer RACQ will pay a $10 million fine for potentially misleading customers about pricing discounts on certain types of insurance cover. The Federal Court found RACQ sent out misleading product disclosure statements on at least five million occasions between March 2017 and March 2022. Roughly 458,746 customers missed out on an estimated $86,476,339 in discounts … Read more
Umesh Chowdhary, VC & MD, Titagarh Rail Systems, says “following the Rs 700-crore QIP, as far as the current plans are concerned, whether it is the Vande Bharat, whether it is the ongoing projects that we have, we believe that for both the capex and the working capital, apart from the debt that will need … Read more
Federal labor prosecutors have accused Medieval Times of retaliating against a worker who raised concerns about working conditions, including “the sexual assault of employees by customers,” according to a new complaint obtained by HuffPost. A regional director for the National Labor Relations Board in Illinois issued the complaint against the dinner theater chain Monday. It … Read more
The relationship between Elon Musk and the European Union deteriorated further on Monday, with the bloc launching a formal investigation into the way X has been run since the billionaire took over last year. Senior officials from the European Commission said they were concerned about a range of new features that have been added to … Read more
Target’s shuttered small-format store on Folsom Street in San Francisco’s SoMa neighborhood, November 2023. Gabrielle Fonrouge | CNBC On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. On its face, Target’s … Read more
(NewsNation) — Prominent law firm Edelson PC withdrew from Harvard’s recruitment events in protest of its president’s response to antisemitism on campus. This comes as early admission applications to Harvard University saw a 17% drop sliding to a four-year low as the elite university continues to face backlash for its administration’s unwillingness to condemn antisemitism on campus. … Read more
