Hyundai factory faces class action lawsuit following child labor allegations
Both Hyundai and SMART Alabama LLC denied the allegations.
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TechCrunchMark Cuban, Mavericks in hot water over Voyager 'Ponzi scheme'
Billionaire Mark Cuban is the latest celebrity on the receiving end of investor ire. A group of Voyager Digital customers filed a class-action suit in Florida federal court against Cuban, as well as the basketball team he owns, the Dallas Mavericks, alleging their promotion of the crypto platform resulted in more than 3.5 million investors losing $5 billion collectively. Voyager Digital's CEO, Stephen Ehrlich, was also named as a defendant in the suit.
- USA TODAY
Fact check: False claim of $22 million settlement between The View, Kyle Rittenhouse
The claim cites Joe Barron, whom it falsely identifies as a Rittenhouse spokesman. The family's actual representatives have said the claim isn't true.
- Associated Press
Panthers propose to pay $82M over failed practice facility
Carolina Panthers owner David Tepper’s real estate company has proposed to pay more than $82 million to creditors over an abandoned practice facility project in Rock Hill under a new plan proposed Thursday. The development of the Panthers’ state-of-the-art $800 million practice facility — which would have served as the team's new headquarters — fell apart after highly-publicized disputes between Tepper and the City of Rock Hill and York County.
- Footwear News
Walmart Is Opening a 400,000 Sq.-Ft. Consolidation Center to Move Product Faster
The announcement marks Walmart's latest investment in its supply chain.
- Poets & Quants
5 Indian MBAs Who Left Corporate Jobs To Follow Their Hearts
From nimbu pani carts to taking Kerala’s banana chips to the rest of India, here are five MBA graduates who ditched the traditional corporate job route and followed their true love — food. ... The post 5 Indian MBAs Who Left Corporate Jobs To Follow Their Hearts appeared first on Poets&Quants.
- The Week
Judge rules Walgreens contributed to San Francisco opioid crisis
Judge rules Walgreens contributed to San Francisco opioid crisis
- The State
Walmart revoked disabled SC worker’s electric cart, sent him home without pay, feds say
The EEOC filed a lawsuit against the corporation, accusing it of disability discrimination.
- Reuters
Exclusive-Kazakhstan to start oil sales via Azeri pipeline to bypass Russia
Kazakhstan is expected to sell some of its crude oil through Azerbaijan's biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said. For 20 years, they have been shipped through the CPC pipeline to Russia's Black Sea port of Novorossiisk, which provides access to the global market. In July a Russian court threatened to shut the CPC, prompting the Kazakh government and major foreign producers to set up contracts for other outlets as a precaution.
- Christian Science Monitor
Welcome to the office, Gen Z. You’re the only one here.
While Gen Z may have had the technical know-how to kick off careers remotely during the pandemic, it values connection and prioritizes work-life balance.
- In The Know by Yahoo
Staples employee brags about 'princess' treatment on TikTok: 'Healthy work environment'
One brave TikToker is daring to say what few would admit in this cultural climate: Working at Staples is actually pretty sweet.
- INSIDER
A California man says in court documents he caught his wife trying to kill him by pouring Drano in his drinks
Jack Chen filed for divorce and a domestic-violence restraining order against his wife. She was arrested but not charged, and she denies his claims.
- Oilprice.com
Oil Inches Higher After EIA Reports Large Crude Inventory Build
Crude prices fell earlier today, but bounced back after the EIA reported a large build in crude stocks, but a large draw in gasoline inventories
- Fort Worth Star-Telegram
A new H-E-B grocery store is opening in Dallas-Fort Worth and wants to hire 700 people
Texas-based HEB is hosting a job fair this weekend with a variety of positions to fill at its new store.
- Reuters
Boeing makes first 787 Dreamliner delivery since May 2021
WASHINGTON (Reuters) -Boeing on Wednesday delivered its first 787 Dreamliner since May 2021, a milestone for the planemaker that has faced production problems with its widebody jet. American Airlines said it had taken delivery of its first Boeing 787 Dreamliner since April 2021, sending shares up 4.5%. American Airlines Chief Executive Robert Isom in an Instagram post reiterated the airline expects to receive nine 787s in 2022.
- Bloomberg
China’s SMIC Warns of ‘Rapid Freeze’ as Smartphone Demand Skids
(Bloomberg) -- Semiconductor Manufacturing International Corp. warned that clients in sectors such as smartphones were freezing orders, underscoring how a downturn in consumer electronics demand is hurting the chip sector.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsGarland Seeks to Unseal Trump Warrant, Says He Approved SearchChina Has Painted Itself Into a Semiconductor CornerRuto, Odinga Shy of Victory
- Associated Press
Trevor Bauer's accuser files countersuit to defamation claim
A San Diego woman who alleges Los Angeles Dodgers pitcher Trevor Bauer sexually abused her has filed a countersuit to his defamation claim, alleging the baseball star beat her and left her bruised, according to a court filing. Bauer has denied abusing the woman he met through social media. Major League Baseball has suspended Bauer for two years, a ruling made after Bauer sued the woman.
- National Review
IRS Deletes Job Posting Seeking Applicants Willing to ‘Use Deadly Force’
The IRS deleted a job posting Wednesday seeking a Special Agent "willing to use deadly force" for its law enforcement division, Criminal Investigation (CI). The deletion came amid renewed scrutiny of the IRS in response to a Democrat-backed spending bill that would double the size of the agency.
- MoneyWise
Here are 3 proven ways to get rich during a recession — without having to risk a bunch of money to do it
Don’t suffer through the downturn. Take advantage of it, instead.
- Reuters
Japan's Hino Motors, Toyota accused of misconduct in U.S. lawsuit
Japanese vehicle maker Hino Motors Ltd and its parent, Toyota Motor Corp, have been accused of historical misconduct in a class action lawsuit brought in the United States, Hino said on Friday. The case, in the Southern District of Florida, has been filed on behalf of those who bought or leased 2004-2021 model year Hino trucks in the United States, the company said in a statement. An investigation report this month by a company-commissioned panel said Hino, Toyota's major affiliate, had falsified emissions data on some engines going back to at least 2003, or more than a decade earlier than previously indicated.
- Reuters
Nine companies to buy oil from U.S. strategic reserve in latest sale
The administration said in March it would release a record 1 million barrels of crude per day from May to October, or about 180 million barrels, from the SPR, which holds oil in caverns on the coasts of Louisiana and Texas. The companies buying oil included Valero Energy Corp, with 4.9 million barrels, Motiva Enterprises LLC, with 2.1 million barrels, Phillips 66 with 950,000 barrels and Chevron Corp with 350,000 barrels.