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Amazon will face FTC antitrust allegations in court, judge rules
Nearly all of the Federal Trade Commission’s antitrust lawsuit against Amazon will move forward, according to newly unsealed court records.
Federal district judge John Chun ruled that the central tenets of the FTC’s sprawling lawsuit — that Amazon allegedly engaged in unfair methods of competition and maintained a monopoly — could go to...Read more
H-1B visa: Company supplying thousands of tech workers to Silicon Valley discriminated against non-Indians, jury finds
A company that supplies thousands of workers for Silicon Valley’s technology industry and other Bay Area employers intentionally discriminated against non-Indian workers, a jury has found.
The jury verdict against Cognizant, founded in Chennai and now headquartered in New Jersey, came Friday in a class-action lawsuit that revolved around ...Read more
Google Play must allow rival Android app stores, judge rules
Alphabet Inc. must lift restrictions that prevent developers from setting up rival marketplaces that compete with its Google Play Store, a judge ruled, upending the search giant’s dominance in the lucrative Android app market.
A federal judge in San Francisco on Monday handed a big victory to Epic Games Inc. in its long-running antitrust ...Read more
This year's NASCAR Chicago Street Race drew more unique visitors, filled more hotel rooms and generated $128 million in economic impact
The second NASCAR Chicago Street Race, held July Fourth weekend, generated $128 million in total economic impact, a 17% increase over the inaugural event, according to a study commissioned by Choose Chicago, the city’s tourism arm.
In an even more dramatic gain, the nationally televised Cup Series race also generated $43.6 million in media ...Read more
Bay Area poll: Silicon Valley is too powerful, has lost its moral compass, majority say
Alex Woods once expected the Silicon Valley technology industry and its world-changing innovations to lift up everyone in the Bay Area. Lately, though, as the region’s cost of living has soared, traffic has worsened, and homelessness and blight have spread, the 38-year-old customer-service representative’s views have changed.
“I felt like...Read more
Rivian misstep triggered parts shortage hobbling its EV output
When Rivian Automotive Inc.’s shares sunk nearly 9% on Friday, analysts were puzzled as to why the electric-vehicle maker had to so drastically cut its 2024 production targets over yet another supply chain hiccup.
The answer lies in a miscommunication earlier this year between Rivian and its supplier, Atlanta-based Essex Furukawa, which has ...Read more
Some California homesellers are letting buyers who can't get insured pull out of deals
To protect themselves from entering into a deal that could come back to bite them, homebuyers are advised to write contingencies into an offer, so they can pull out of a deal or renegotiate the price if an inspection or appraisal surfaces new issues.
But what if a buyer can’t find insurance?
This summer, the California Association of ...Read more
Stellantis files more lawsuits against UAW, prompting meeting
Stellantis NV said Monday it filed nine federal lawsuits against the United Auto Workers and two dozen union locals late last week as it tries to prevent the union from calling a mid-contract strike over its delays reopening an Illinois assembly plant.
The company said the series of lawsuits prompted a Saturday meeting with the UAW, where the ...Read more
Motormouth: Tire talk
Q: We have a 2019 Honda Accord Sport with a stick and it has 25,000 miles. We just had new Michelin all-weather tires put on the car. My wife said, "These tires are nice. The car drives much smoother now." I have heard people say that their new tires are much better than the old ones. Does the car drive smoother because of the new tires or ...Read more
The 2024 election and your retirement: How to stay financially prepared regardless of who wins
The 2024 elections are right around the corner, and it’s been one of the most contentious campaign seasons in recent memory. For retirees, the outcome of the election has some ramifications, especially with a looming Social Security shortfall, which could lead to drastic cuts in benefits. Whoever is elected this year could help shape how the ...Read more
As Starbucks CEO, Howard Schultz violated labor law with barb at Long Beach barista, labor board finds
In April 2022, a Starbucks barista and union organizer was invited to meet with the company's upper management in Long Beach. During the meeting, the employee raised several concerns, including charges of unfair labor practices the company faced.
Howard Schultz, who had just begun his third stint as the company's chief executive, became ...Read more
Does an annuity make sense if you don't have a high net worth?
Annuities have long been touted as a reliable way to generate income in retirement. But the upfront cost of an annuity can deter some people who believe they need a substantial net worth to make purchasing one worthwhile.
While it’s true that some annuities, especially those offering guaranteed lifetime income, require significant capital, ...Read more
Survey: Americans think money is more taboo to talk about than their political or religious views
American culture changes at a breakneck pace — just ask fans of Stanley cups and skinny jeans in 2024. But over the past decades, one mantra hasn’t changed much: Don’t talk about your personal finances. Today, money is such an awkward topic that only 38% of U.S. adults feel comfortable discussing their bank account balances with family and...Read more
Automation issue is up next after dockworkers' union showed 'muscle' during strike
As they picketed during a three-day strike, some U.S. dockworkers carried signs reading “Automation Hurts Families” and “Machines Don’t Feed Families.”
The union representing 45,000 striking U.S. dockworkers at Gulf Coast and East Coast ports, including the Port of Baltimore, reached a deal Thursday to suspend the strike until Jan. 15...Read more
Hyundai's Georgia $7.6 billion EV factory is up and running
Hyundai has begun electric vehicle manufacturing at its new factory near Savannah, Georgia, a major milestone in Georgia’s emergence as an EV hub.
Full production began earlier this week, and the South Korean automaker held a private opening celebration with its 1,400-plus employees on Thursday at the plant located along I-16 in Ellabell in ...Read more
Stellantis files federal lawsuit against UAW after local strike vote, with more planned
Members of a United Auto Workers local in southern California were the first to authorize a strike against Stellantis NV on Thursday night — a move that swiftly prompted a federal lawsuit from the automaker alleging the union has breached its collective bargaining agreement.
A supermajority of UAW Local 230 members at Stellantis' Los Angeles ...Read more
Rivian seeking federal loan to restart construction of $5B Georgia plant
New documents show Rivian has applied for a federal loan to help finance the $5 billion electric vehicle factory it plans to build an hour east of Atlanta, the most significant sign the company is making moves to resume construction of the stalled project.
Details about the loan application with the U.S. Department of Energy are limited, but ...Read more
'More serious than we had hoped': Bird flu deaths mount among California dairy cows
LOS ANGELES — As California struggles to contain an increasing number of H5N1 bird flu outbreaks at Central Valley dairy farms, veterinary experts and industry observers are voicing concern that the number of cattle deaths is far higher than anticipated.
Although dairy operators had been told to expect a mortality rate of less than 2%, ...Read more
Rivian cuts production forecast, citing supply chain issue; its stock dips
Electric vehicle maker Rivian saw its shares dip Friday after the Irvine-based company cut its production targets amid ongoing supply issues.
Citing a shortage of a component used to build its electric pickups, sport utility vehicles and vans, Rivian said production could drop as much as 18% this year at its lone U.S. assembly plant.
Rivian ...Read more
US job growth outperforms expectations as hiring resurges and unemployment drops
An unexpectedly large surge in job creation last month, coupled with a downtick in unemployment, was good news for the economy, for the Federal Reserve and for Democratic politicians because it suggested policymakers have managed, thus far, to curb inflation without triggering a recession.
The addition of 254,000 jobs in September, reported by ...Read more
Popular Stories
- Motormouth: Tire talk
- Some California homesellers are letting buyers who can't get insured pull out of deals
- The 2024 election and your retirement: How to stay financially prepared regardless of who wins
- Does an annuity make sense if you don't have a high net worth?
- Amazon will face FTC antitrust allegations in court, judge rules