Business

Mnuchin Flip-Flops On Breaking Up Big Banks, Elizabeth Warren Rants “This Is Straight Out Of Orwell” [VIDEO]

Bloomberg reports: Treasury Secretary Steven Mnuchin said breaking up the biggest banks would be a “huge mistake,” easing concerns that the Trump administration plans a major revamp of Wall Street. “We do not support a separation of banks and investment banks,” Mnuchin said Thursday at a Senate Banking Committee hearing, just weeks after President Donald Trump said his administration was …

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KENTUCKY: State Appeals Court Rules Businesses Can Turn Away Gays In The Name Of Religious Liberty

Lexington’s NBC affiliate reports: The Kentucky Court of Appeals has ruled a Lexington business was within its rights when it refused to print shirts for Lexington’s Gay Pride Festival. The owner of Hands on Originals argued that he refused to print the shirts for the 2012 festival because it was against his religious beliefs. Later, the Human Rights Commission ruled …

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Trump Legal Team Declares Him Immune From Unfair Competition Lawsuit Filed By Washington DC Restaurant

Consumerist reports: In response to an unfair competition lawsuit filed against President Trump by a D.C. restaurant claiming that it’s lost business to a Trump-operated building within walking distance to the White House, the President’s legal team says that not only are the claims without merit, but that Trump is immune from this sort of legal action. The owners of …

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Kushner Real Estate Company “Apologizes” For Using Jared’s Name In Chinese Investment-For-Visas Scheme

Salon reports: The real estate development firm partly managed by the sister of White House senior adviser Jared Kushner has issued an apology over a weekend event in Beijing in which Kushner’s name was used to attract wealthy Chinese to a cash-for-visa scheme commonly used by investment-hungry U.S. real estate developers. Kushner Companies “apologizes if that mention of [Kushner] was …

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#TakePride: Target Thumbs Its Nose At The Haters

World Net Daily is ever so pissed: Despite the drastic financial blowback Target Corporation has been weathering since announcing its plan last year to allow men to enter women’s bathroom facilities, the retail giant is continuing full-speed ahead in its pursuit of LGBT social activism, all in the name of “inclusivity.” For the second year, Target is using a #TakePride …

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United Airlines Settles With Dragged Passenger

The Los Angeles Times reports: United Airlines has settled with Dr. David Dao over the injuries he received when dragged off a United flight this month, Dao’s attorneys announced Thursday. Under the terms reached by the airline and Dao, the amount of the settlement will remain confidential, according to the lawyers. Dao’s attorneys have said he suffered a broken nose …

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United CEO: No Firings Over Passenger Dragging

CNBC reports: United Continental CEO Oscar Munoz said Tuesday that no one will be fired for the airline’s recent debacle involving a passenger being dragged off an overbooked flight. “The buck stops here. And I’m sure there was lots of conjecture about me personally,” the apologetic CEO said on the company’s earnings call Tuesday. “Again, it was a system failure …

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Tourism Industry Firm Forecasts $18 Billion Annual Decline And Loss Of 107,000 Jobs Because Trump

CNN Money reports: President Trump says he wants to keep out people who threaten the security of the United States. But his policies are discouraging tourists and threatening the American travel business, experts say. One study forecasts a 10.6 million decline in visitors this year and next. The drop — nearly 7% of expected travelers — will cost the U.S. …

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POLL: 44% Would Pay More Not To Fly United

The Morning Consult reports: People are so mad at United Airlines that more than 40 percent of those who have heard about the airline recently also say they would pay more money and endure a layover to avoid flying with the company. Public outrage started after a video emerged showing police dragging a passenger off a flight Sunday to make …

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SO MUCH WINNING: Federal Appeals Court Upholds $335K Award To Miami Painters Stiffed By Trump

The Read Deal reports: A Miami-based paint company stiffed three years ago by President Donald Trump’s Doral golf resort may finally get paid. The Third District Court of Appeals on Friday rejected the Trump National Doral Miami’s petition to throw out a lower court’s prior ruling affirming a nearly $35,000 construction lien The Paint Spot placed on the property, and …

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UNITED FALLOUT: Delta To Offer Passengers Up To $10,000 To Give Up Seats On Overbooked Flights

The Associated Press reports: Delta is giving airport employees permission to offer passengers up to almost $10,000 in compensation to give up their seats on overbooked flights. Delta’s move comes as United Airlines struggles to recover from images of a passenger’s forced removal from a sold-out flight. In an internal memo obtained by The Associated Press, Delta says gate agents …

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Employees Pressure Amazon CEO Jeff Bezos To Block All Advertising From “Hateful And Bigoted” Breitbart

Buzzfeed reports: Inside Amazon, tensions are mounting as employees push management to stop running ads for Amazon products on Breitbart News. On March 22, a group of Amazon employees took issue with the company’s ads on Breitbart in an email to CEO Jeff Bezos and SVP Jeff Blackburn. Entitled “Amazon Must Stop Advertising on Breitbart News,” the email included a …

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Burger King Ad Campaign Predictably Backfires [VIDEO]

The Independent reports: Burger King’s latest advert for its Whopper has backfired after the iconic burger’s Wikipedia page was manipulated to claim that the product contains “cyanide” and is “the worst hamburger product” the fast food chain has ever made. On Wednesday, Burger King released a 15-second advert in the US which claimed there was not enough time to explain …

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United Airlines CEO Refuses To Resign, Says Cops Will No Longer Be Used To Remove Passengers [VIDEO]

Reuters reports: United Airlines will no longer use law enforcement officers to remove overbooked passengers from aircraft in the wake of a video that showed a Chicago passenger dragged from one of its flights on Sunday. “We’re not going to put a law enforcement official… to remove a booked, paid, seated passenger,” United Continental Holdings Inc Chief Executive Officer Oscar …

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United Airlines CEO Issues Second “Deepest” Apology: We’ll Fix What’s Broken So This Never Happens Again

United Airlines CEO Oscar Munoz has issued a second apology after yesterday’s attempt only further inflamed anger against his company. Just in from the United communications office: The truly horrific event that occurred on this flight has elicited many responses from all of us: outrage, anger, disappointment. I share all of those sentiments, and one above all: my deepest apologies …

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Feds Investigate United Airlines Incident, Cop Placed On Leave, Passenger Identified As 69 Year Old Doctor

Business Insider reports: The Department of Transportation is “reviewing” the United Airlines incident involving a man being forcibly removed from a plane, a Department of Transportation spokesperson told Business Insider. United has come under fire after a video went viral Monday showing a male passenger being dragged by police officers off a flight leaving from Chicago to Louisville. The 69-year-old …

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United Airlines CEO Apologizes For “Upsetting Event” After Passenger Dragged From Overbooked Flight

The Chicago Tribune reports: Videos of a United Airlines passenger being forcibly dragged from his seat on a Sunday overbooked flight at O’Hare International Airport have been viewed more than 1 million times, and the airline’s CEO on Monday called the incident “an upsetting event to all of us here at United.” “I apologize for having to re-accommodate these customers. …

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United Airlines Under Fire After Literally Dragging Passenger Off Overbooked Chicago Flight [VIDEO]

The Louisville Courier-Journal reports: A video posted on Facebook late Sunday evening shows a passenger on a United Airlines flight from Chicago to Louisville being forcibly removed from the plane before takeoff at O’Hare International Airport. The video, posted by Audra D. Bridges at 7:30 p.m. Sunday, is taken from an aisle seat on a commercial airplane that appears to …

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Wells Fargo Claws Back $75M In Bonuses From Former Top Executives Over Roles In Fake Accounts Scandal

USA Today reports: Wells Fargo said Monday that it would claw back tens of millions in additional compensation from top former executives after an investigation concluded that the leaders had not acted swiftly to contain alleged “improper and unethical behavior.” Independent board members, paired with outside investigators hired by the company to review its fake accounts scandal, blasted Wells Fargo …

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Russia-Owned Blogging Platform LiveJournal Changes Terms Of Service To Ban Pro-LGBT Discussions

Gizmodo reports: LiveJournal, a blog community that’s hosted a lot of science fiction authors and fans (including George RR Martin), has officially banned “political solicitation”— which can mean anything that criticizes the Russian government, as well as pro-LGBTQ discussions. There are also concerns users can be subject to Russian spying. The service grew in popularity as a social network in …

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