New texts reveal former NFL quarterback Brett Favre lobbying former Mississippi Gov. Phil Bryant for funds from Mississippi's state welfare system to be redirected to projects of his choice. NBC News' Ken Dilanian reports on how as much as $80 million were diverted to several different projects in the state rather than the welfare system and the $8 million directed to Favre.
- Road & Track
A federal jury concluded GM sold 5.3-liter V-8 engines with excessive oil consumption, leading to premature failure.
- Yahoo Finance
Twitter’s lawyers fired back at Tesla CEO Elon Musk in a court filing Thursday, accusing the company’s recalcitrant buyer of engaging in "mischief and delay" with his renewed bid for the company.
Costco offers a very simple proposition to its members. Basically, Costco offers no frills -- its stores aren't just called warehouses, they actually are warehouses -- and items are basically just stacked on pallets. Costco also puts relentless pressure on its vendors to squeeze out every penny of cost from each item.
- KERO - Bakersfield Scripps
A new law signed by California Governor Gavin Newsom that will ban plastic produce pre-checkout bags. This is inspired the 72 percent drop in grocery bag litter following the banning of single-use plastic grocery bags.
- Business Insider
Last month, Mark Zuckerberg reportedly told staff the company was freezing hiring and warned of restructuring and downsizing.
- The Wrap
The Tesla billionaire asked a Delaware court to halt the trial scheduled to begin Oct. 17
(Bloomberg) -- When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off from buying American semiconductors and other critical technologies. Now Huawei may have a path around those restrictions. Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Kremlin Lets State Media Tell Some Truths About Putin’s Stalling WarMusk's Twitter Takeover Hits Snag Over Debt-Financing IssueNord Stream Leaks Caused by
- Business Insider
Saudi Arabia lowers oil prices for Europe but raises them again for the US as White House says OPEC+ is siding with Russia
State-run oil giant Saudi Aramco hiked prices by $0.20 a barrel for all US grades, while northwest Europe and the Mediterranean saw declines.
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing's technological ambitions and blocking its military advances, sources said. The Commerce Department, which plans to release new curbs on exports of technology to China this week, will likely deny requests by U.S. suppliers to send equipment to Chinese firms like Yangtze Memory Technologies Co Ltd (YMTC) and ChangXin Memory Technologies, Inc (CXMT) if they are making advanced DRAM or flash memory chips, the sources said. However, license requests to sell equipment to foreign companies making advanced memory chips in China will be reviewed on a case by case basis, sources said, potentially allowing for them to receive the equipment.
Chinese missiles flying over Taiwan and naval drills in the Strait in August that simulated a blockade by China have jolted the semiconductor industry into contemplating what once seemed a remote possibility: war over the major chip-producing island. From drafting contingency plans to inquiring about manufacturing capacity outside Taiwan, some companies are now weighing how to respond if China attacks or restricts access to the democratic island, according to 15 semiconductor executives interviewed by Reuters. While Taiwan has lived under the Chinese threat for decades, with occasional spikes in tensions, the war games in early August following the visit of U.S. House Speaker Nancy Pelosi to Taipei rattled nerves, said the executives, who asked for themselves and their companies not to be identified due to concerns over relations with China.
(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarStocks Slide for Second Day Ahead of Jobs Report: Markets WrapSaudi Arabia kept oil prices for its main
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world's most protected automobile markets. It is the first time Indian car makers have backed such cuts, caving to pressure from a government that wants them to give up their protectionist position and lower entry barriers, sources with direct knowledge of the matter said. Lobby group the Society of Indian Automobile Manufacturers (SIAM) has written to the government backing phased cuts to 30% over five years, following a grace period of five years with none, three sources said, speaking on condition of anonymity.
Russia is considering building a plant to make alumina, used in aluminium production, to reduce its reliance on imports from China, which has risen since the start of the Russia-Ukraine conflict, a document seen by Reuters showed. One of the world's largest aluminium producers, Russia secures 65% of its need for the intermediate product alumina through imports, mostly from China, a draft of the plan for development of Russia's metals industry until 2030 said. Russia's increased dependence on China's alumina has driven up the production costs of aluminium and follows disruption of supplies from Ukraine and Australia since Feb. 24, when Moscow sent troops to Ukraine.
- Associated Press
A Southwest Airlines pilot is suing the company, her union and a former colleague who pleaded guilty last year to dead-bolting the cockpit door during a flight and stripping naked in front of her. Christine Janning alleges that Southwest retaliated by grounding her after she reported Michael Haak to the company and the FBI, that it kept him employed despite an alleged history of sexual misconduct and that managers disparaged her in memos. Haak's attorney, Michael Salnick, said Wednesday that his client disrobed only after Janning encouraged him to and never did anything else.
Gas prices are rising again, and this might be just the beginning.
Bangladesh suffered its worst blackout since 2014 on Tuesday (Oct. 4), a symptom of disrupted fuel supplies and a preview of what other countries might face in the coming months.
(Bloomberg) -- Signs are piling up that the tech downturn may be deeper and longer-lasting than feared. Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Kremlin Lets State Media Tell Some Truths About Putin’s Stalling WarMusk's Twitter Takeover Hits Snag Over Debt-Financing IssueNord Stream Leaks Caused by Detonations in Sign of SabotageTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.After years of record capital spending, ch
The Duke of Sussex and five others allege that they have become "victims of abhorrent criminal activity and gross breaches of privacy by Associated Newspapers"
- Kansas City Star
“Sadly, tragedy has struck again for a worker trapped in a trench, and their family, friends and co-workers are left to grieve.”
Let's say you would like to retire right now. How much would you need to have in savings? In a GOBankingRates poll surveying 997 Americans about retirement savings, only 15% of respondents said they...