Business

Maryland Apple Store Workers Vote To Join Union

The Washington Post reports: Apple workers in the Baltimore area voted to join a union Saturday, becoming the first of the tech giant’s U.S. retail stores to do so. The vote means workers at the Towson, Md., store plan to join the International Association of Machinists and Aerospace Workers (IAM) once a contract is ratified. Saturday evening’s initial tally was …

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US Air Travel Woes Continue For Third Day [VIDEO]

USA Today reports: For a third day in a row, travelers across the country are facing high numbers of flight delays and cancellations. As of noon ET on Saturday, more than 2,030 U.S. flights were delayed and almost 690 U.S. flights were cancelled, according to FlightAware, which tracks flights in real time. Friday reported a whopping total of over 8,900 …

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Delays And Cancellations Again Snarl US Air Travel

USA Today reports: More than 1,000 U.S. flights are canceled as of noon on the East Coast Friday with over 2,000 more posting delays. New York area airports account for nearly a third of cancellations so far, according to FlightAware, which tracks flights in real time. The headaches come on the heels of one of the worst days yet for …

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Musk Sued For $258B For Alleged “Dogecoin Scheme”

The Hill reports: A cryptocurrency investor has sued Elon Musk for $258 billion, saying the Tesla co-founder ran a pyramid scheme via Dogecoin. The lawsuit filed by plaintiff Keith Johnson in New York, has accused Musk and his companies, Tesla and Space X, of running a “pyramid scheme” to inflate the price of the cryptocurrency. The lawsuit added that, “Defendants …

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SpaceX Fires Workers Behind Letter Critical Of Musk

The New York Times reports: SpaceX, the private rocket company, on Thursday fired employees who helped write and distribute an open letter criticizing the behavior of chief executive Elon Musk, said three employees with knowledge of the situation. Some SpaceX employees began circulating the letter, which denounced Mr. Musk’s activity on Twitter, on Wednesday. The letter called the billionaire’s public …

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NYC Seizes 12 Weed Trucks For $504K In Parking Fines

NBC New York reports: The New York City Sheriff’s office seized at least a dozen trucks operating for Weed World Candies, which may or may not be shopping more than CBD products, for outstanding parking tickets totaling a half-million dollars. Twelve trucks were towed from the area of 45th Street and 12th Avenue in Manhattan and officials said more were …

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Cosmetics Giant Revlon Files For Bankruptcy

Reuters reports: Revlon Inc has filed for bankruptcy after the U.S cosmetics firm buckled under debts it built up in a bid to compete with online-focused upstarts. Known for its nail polishes and lipsticks, the 90-year-old company listed assets and liabilities of between $1 billion and $10 billion in a court filing on Wednesday. Revlon has in recent years lost …

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SpaceX Workers Condemn Musk’s Behavior In Letter

The Verge reports: An open letter to SpaceX decrying CEO Elon Musk’s recent behavior has sparked open discussion among the company’s employees in an internal chat system. Employees are being encouraged to sign onto the letter’s suggestions, either publicly or anonymously, with a signed version of the letter to be delivered to the desk of SpaceX president Gwynne Shotwell. The …

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Ikea To Sell Russian Factories And Close Its Offices

Reuters reports: IKEA said on Wednesday it would sell factories, close offices and reduce its nearly 28,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’s invasion of Ukraine. The move comes after IKEA temporarily closed stores and paused sourcing in Russia, joining a mass corporate exodus as Western companies …

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Microsoft To Shut Down Internet Explorer After 27 Years

People Magazine reports: After first announcing the decision last year, Microsoft will shut down Internet Explorer on Wednesday. The move comes about 27 years after the company first debuted the browser. Starting Wednesday, most people who try to open the application will be directed to Microsoft Edge — the company’s newer browser. Although the browser is nowhere near as popular …

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Burger King Apologizes For “Pride Whopper” Campaign

Ad Age reports: Last week, Burger King Austria caused a stir on social media with its “Pride Whopper” campaign that didn’t quite land as intended with the LGBTQ+ community. The agency behind it, Jung von Matt Donau, has apologized. “The intended message of the ‘Pride Whopper’ was to spread equal love and equal rights,” the Austrian outpost of Germany-based Jung …

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Musk To Address Twitter Staffers In All Hands Meeting

Business Insider reports: Twitter CEO Parag Agrawal told workers on Monday that the company will be hosting another all hands meeting, this time with a guest speaker fielding questions: Elon Musk. In a brief email viewed by Insider, Agrawal said the virtual meeting with Musk will take place Thursday. Twitter workers will be able to submit questions for him to …

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Cryptocurrency Stocks Plummet Amid Bitcoin Crash

CNBC reports: Bitcoin tumbled below $23,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets. Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market. Over the weekend and into Monday morning, more than $200 billion had been …

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Russians Line Up For Opening Of Former McDonald’s

Reuters reports: It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s restaurants flung open their doors in Moscow under new Russian ownership and with …

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CEO: Starbucks May End Its Open Restrooms Policy

The New York Times reports: Starbucks’s chief executive, Howard Schultz, says the company is considering ending its open bathroom policy. Speaking on Thursday at The Times’s DealBook D.C. policy forum, Mr. Schultz said the coffee giant might no longer allow people who were not customers to use their stores’ bathrooms. The move would reverse a policy Starbucks instituted in 2018 …

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Over 200 CEOs Call On Senate To Act On Gun Reform

Axios reports: CEOs of more than 220 U.S. companies on Thursday will release a letter calling on the Senate to “take immediate action” to reduce gun violence, Axios has learned exclusively. Why it matters: This is the latest example of corporate America delving into a hot-button issue where solutions often break down along partisan lines. The companies employ workers in …

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Apple Loses EU Battle Over “Think Different” Slogan

Courthouse News reports: Tech giant Apple lost to Swiss watchmaker Swatch on Wednesday in a court fight over its use of the “Think Different” slogan. The company had appealed to the European General Court after Swatch successfully challenged Apple’s “Think Different” copyright before the European Union Intellectual Property Office in 2018 on the basis that the slogan was no longer …

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Twitter Reverses, Will Give Musk Access To Bot Data

The Washington Post reports: After a weeks-long impasse, Twitter’s board plans to comply with Elon Musk’s demands for internal data by offering access to its full “firehose,” the massive stream of data comprising more than 500 million tweets posted each day, according to a person familiar with the company’s thinking, who spoke on the condition of anonymity to describe the …

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CNBC: Musk’s Financing To Buy Twitter Now On Hold

CNBC reports: Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal unless the social media company provides him with data …

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Driverless Trucks To Deliver To Texas Sam’s Club Stores

Changing America reports: A fleet of driverless box trucks will soon begin delivering paper goods such as Dixie cups and toilet paper to dozens of Sam’s Club stores in the Dallas-Fort Worth area, a significant stride toward making driverless technology a reality on U.S. roads. Autonomous vehicle startup Gatik on Tuesday announced a commercial partnership with Georgia Pacific, a manufacturer …

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