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☆ Tesla asks shareholders to vote again on Musk's $56 billion payout
▼ + stars: | 2024-04-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk's $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was "deeply flawed." Tesla said the court decision created a "fundamental problem for the company." Tesla has not hired Innisfree since 2018, when it first asked shareholders to vote on Musk's pay package. Musk's pay package was invalidated after a shareholder won a lawsuit against the company earlier this year. The company also noted that "dozens of institutional stockholders" have told Tesla that they disagree with the Tornetta decision.

Persons: Elon Musk, Lola, Tesla, Elon Musk's, Musk, Innisfree, Musk's, Chancellor Kathaleen McCormick, Richard Tornetta, McCormick Organizations: Regency Bruin Theatre, Twitter, Board, Delaware Court Locations: Los Angeles , California, U.S, Delaware, Texas

Former President Donald J. Trump will campaign on immigration and border policy today with events planned in Michigan and Wisconsin, two crucial battleground states in the Midwest. Mr. Trump and President Biden have already clinched their nominations, though, so the outcomes of today’s primaries are not in doubt. Nikki Haley, who dropped out of the race early last month, took nearly 18 percent of the vote against Mr. Trump in the Arizona primary two weeks ago. Mr. Biden won both Michigan and Wisconsin in the 2020 election, and Mr. Trump’s Tuesday trip to Grand Rapids follows a weaker-than-expected performance in the Michigan primary against Ms. Haley. Yet that has done little to quell the protest effort against Mr. Biden in upcoming primaries.

Persons: Donald J, Trump, Biden, Nikki Haley, Mr, Trump’s, Haley, Grand, Heba Mohammad, “, Donald Trump, Joe Biden, ” Ms, Mohammad, “ He’s, ” Mr, Israel Organizations: Mr, Republicans, Wisconsin, Republican, Democratic, Michigan, Democratic Party, Democrats Locations: Michigan, Wisconsin, Midwest, Florida, Connecticut, Rhode Island , New York, . Delaware, Arizona, Grand Rapids, Kent County, Green Bay, Wis, New York, Rhode Island, Gaza

Saturday marks the final day of early voting before Tuesday’s presidential primary and turnout so far has been light. Delaware previously allowed early voting, but a state court struck it down as unconstitutional in a Feb. 23 ruling. Marya Ursin finally got the chance to vote early in Connecticut and at a time that suited her busy schedule. Connecticut came close in 2014 to finally amending its constitution to grant the General Assembly the authority to eliminate restrictions on early voting and allow expanded eligibility for absentee ballots. “Too much opportunity for cheating,” JoLynn Brochu said of the early voting option.

Persons: Joe Biden, Donald Trump, ’, Stephanie Thomas, Marya Ursin, ”, Biden, “, Peggy Roberts, they’re, Roberts, JoLynn, Dan Brochu, ” JoLynn Brochu, Brochu Organizations: Republicans, Stonington Town, Assembly, Republican Locations: STONINGTON, Conn, Connecticut, — Alabama, Delaware , Mississippi, New Hampshire, Delaware, Stonington, Stonington Town Hall

“The tankers and cargo ships of 1950 aren’t the tankers and cargo ships of today,” said James Salmon, a spokesman for the Delaware River and Bay Authority. “It’s going to do a number on them,” he said of a modern ship and the hazard it poses to a bridge like the one in Baltimore. Image The new bridge ship collision protection system project on the Delaware Memorial Bridge will install eight stone-filled “dolphin” cylinders, each measuring 80 feet in diameter. Credit... Delaware River and Bay AuthorityThe situation with the Key Bridge is “unique,” said Jim Tymon, executive director of the American Association of State Highway and Transportation Officials, which represents state transportation departments. A protection system was subsequently built around the new pier.

Persons: ”, James Salmon, Francis Scott Key, Michael Rubino, don’t, Joseph Ahlstrom, It’s, “ It’s, Dali, hurtled, Jim Tymon, ” John Snyder, Pete Buttigieg, “, Paul, Gerald Desmond Bridge, Matt Gresham, Joong Kim, Michael Forsythe Organizations: Bay Authority, Port, SUNY Maritime College, New York State, American Association of State, Transportation, National Transportation Safety, Sunshine Skyway, Administration, Baltimore Sun, Union, National Oceanic, Atmospheric Administration, Liberty University Locations: Delaware, Bay, Baltimore, Port of Los Angeles, . Delaware, Maryland, Tampa Bay, Tampa, U.S, Minnesota, Union Pacific, St, New York, Bayonne, New Jersey, Staten Island, Long Beach, Calif, New Orleans, Mississippi, Port of New Orleans

☆ Right-wing outlets facing 2020 election defamation lawsuits may have found a key defense overseas
▼ + stars: | 2024-03-11 | by ( Marshall Cohen | ) edition.cnn.com time to read: +6 min

CNN —An alleged bribery scheme in the Philippines has thrown a potential lifeline to Fox News and other right-wing media outlets that are battling massive defamation lawsuits from the voting technology company Smartmatic for their promotion of 2020 election lies. The overseas scandal washed ashore last year when the Justice Department charged the Philippines’ former election commissioner with money laundering. Since then, Fox News, Newsmax and OAN have seized on the allegations, attempting to obtain new documents about potential wrongdoing by Smartmatic that could boost their defense. None of the allegations levied by US prosecutors in court filings pertain to vote-flipping or alleged rigging of election results. Last year, Fox paid a historic $787 million settlement with another election technology company, Dominion Voting Systems, for its promotion of similar election lies.

Persons: CNN —, Smartmatic, Newsmax, Donald Trump, Andres Bautista, Bautista, Fox, Nicolas Maduro, —, Smartmatic “, ”, Trump, “ Smartmatic, ” OAN, Eric Davis, OAN, “, OAN –, ” Smartmatic, hasn’t Organizations: CNN, Fox News, Justice Department, Trump, OAN, Philippine, Smartmatic, Fox, Dominion Voting, Lawyers Locations: Philippines, California, Venezuela, Manila, Smartmatic, Miami, Delaware, Brazil, United Kingdom, Netherlands, Belgium, Kenya, Oman, Switzerland, Taiwan

Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's $55.8 billion pay package as CEO of Tesla. Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company's legal home as Nevada. “Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. Musk, a co-founder of the privately held Neuralink, is listed as company president in Nevada documents.

Persons: Elon, Neuralink, Musk, Tesla, ”, “, Erik Gordon, Kathaleen St, Jude McCormick, McCormick, ‘, ’ ” McCormick, Musk’s, shouldn’t Organizations: Tesla, Austin, University of Michigan, Delaware, Musk, Forbes Locations: Delaware, Nevada, Fremont , California, Texas, “ Delaware, —

Nicknamed "Pirola" on social media, the BA.2.86 Omicron subvariant is being tracked by both the World Health Organization (WHO) and the U.S. Centers for Disease Control and Prevention (CDC). As of Aug. 30, CDC said the BA.2.86 variant was detected in at least four U.S. states in people or wastewater. Delaware on Tuesday said it had detected a BA.2.86 infection at a hospital. Moderna on Wednesday said clinical data showed that its retooled COVID vaccine generated a nearly 9-fold increase in human antibodies that can neutralize BA.2.86. Pfizer said on Wednesday that its updated COVID shot showed neutralizing activity against BA.2.86 and EG.5 in studies conducted on mice.

Persons: Emily Elconin, David Dowdy, Dowdy, Dan Barouch, David Ho, Deena Beasley, Julie Steenhuysen, Bill Berkrot Organizations: REUTERS, Moderna, Pfizer, World Health Organization, WHO, U.S . Centers for Disease Control, Prevention, CDC, EG, Omicron, East, Johns Hopkins Bloomberg School of Public Health, Center, Virology, Vaccine, Beth Israel Deaconess Medical, Columbia University, U.S . Food, Drug Administration, Thomson Locations: Waterford , Michigan, U.S, Europe, Asia, Delaware, East Coast, Boston, Sweden, China

A new accounting shows that at least 523 institutions were part of the sprawling network of boarding schools for Native American children. ‘War Against the Children’ The Native American boarding school system — a decades-long effort to assimilate Indigenous people before they ever reached adulthood — robbed children of their culture, family bonds and sometimes their lives. “The government was not done with war, so the next phase involved war against the children,” said Mr. Sherman, 83, a former aerospace engineer. Now 76, his voice grows shaky when he recounts the punishments children received — and how children were turned into punishers. Library of Congress, Chronicling AmericaA precise accounting of how many children died at Native American boarding schools remains elusive.

☆ How much you need to earn to be in the top 1% in every U.S. state
▼ + stars: | 2023-07-18 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

In Connecticut, households need to earn an annual income of $952,902 or more to be part of the top 1% of earners. While residents in more urban states tend to earn more, they also generally have a higher cost of living, which somewhat offsets those larger incomes. ConnecticutTop 1% income threshold: $952,9022. MassachusettsTop 1% income threshold: $903,4013. West VirginiaTop 1% income threshold: $367,582DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: That's Organizations: Connecticut, Massachusetts, California, . New, Washington, New York, Colorado, Florida, Illinois, New Hampshire, Wyoming, Virginia, Maryland, Texas, Utah, Minnesota, Nevada, South Dakota, Pennsylvania, . North Dakota, Georgia, Oregon, Arizona, Idaho, North Carolina, Montana, Kansas, Rhode, Tennessee, Alaska, Nebraska, Delaware, Vermont, Wisconsin, South Carolina, Michigan, Maine, Missouri, Ohio, Hawaii, Iowa, Indiana, Alabama, Oklahoma, Louisiana, Arkansas, Kentucky, New, Mississippi, West Virginia Top Locations: Connecticut, West Virginia, California, New York, Southern, Mississippi, Iowa, . New Jersey, New Mexico

☆ A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
▼ + stars: | 2023-07-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The CFPB and state attorneys general sued a career boot camp that declared bankruptcy in 2022. Prehired sued nearly 300 former students last year, saying they'd defaulted on their loans. "Prehired also represented that consumers would pay nothing until they got a job and 'partner[ed] with' Prehired in their career. The lawsuit also accused Prehired of "falsely representing the amount of debt owed by consumers by stating that Prehired could collect more than the consumer legally owed." The complaint said Prehired filed more than 280 lawsuits in 2022 demanding that former students who it said had defaulted pay $25,000 each.

Persons: Prehired, they'd, Bob Ferguson, Washingtonians, bootcamps, Ben Kaufman Organizations: Service, Consumer Financial Protection, California's Department of Financial Protection, Innovation, LinkedIn, Delaware's Department of Justice, Washington Attorney General's Locations: Wall, Silicon, Prehired

☆ These 10 states are running America's best economies for residents
▼ + stars: | 2023-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.

Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, —, Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida

☆ Some US cities are allowing corporations to vote in local elections in hopes of stimulating the economy
▼ + stars: | 2023-07-02 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Seaford, Delaware is seeking to give business entities the right to vote in local elections. For a small town of about 8,500 people, that's a voter turnout of only 4%. A new bill now being considered in the small town, however, could help increase those numbers. Seaford's town leaders want to give corporations based there the right to vote. In April, Seaford Mayor David Grenshaw cast the tie-breaking city council vote to amend the city's charter, giving business entities — ranging from small businesses to large corporations — the right to vote in local elections.

Persons: It's, —, Seaford Mayor David Grenshaw, Grenshaw, WRDE, Claire Snyder, hasn't Organizations: Service, CBS, Seaford Mayor, CNN, Hall, Seaford, Corporations Locations: Seaford , Delaware, Delaware, Seaford, Delaware's, Newark , Delaware

☆ How the New York City metro area's slow legal weed rollout created a boom in 'gray' market cannabis shops
▼ + stars: | 2023-05-15 | by ( Christian Nunley | ) www.cnbc.com time to read: +2 min

The push for legal, recreational marijuana is sweeping across America. The recreational marijuana market is a high-stakes affair. The national cannabis market is estimated to reach $71 billion in sales by 2030, according to data from research firm New Frontier. And the New York state market alone could make up 10% of that, the data forecasts. Watch the video above to find out how the legal cannabis rollout is going in the most populous metropolitan area in the United States, how the push for legal weed is attracting a new class of entrepreneurs and how anti-marijuana activists are trying to slow the fast pace of legal cannabis adoption.

☆ Employee Monitoring and Surveillance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +50 min

Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.

☆ Fox News apologizes to judge in defamation case for failing to disclose Rupert Murdoch's role at the network
▼ + stars: | 2023-04-16 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Fox News apologized to the Delaware judge presiding over the Dominion Voting Systems' lawsuit for failing to properly define Fox Corp. Chairman Rupert Murdoch's formal role at the network, according to a letter filed with the court. "We understand the Court's concerns, apologize, and are committed to clear and full communication with the Court moving forward," Fox attorney Blake Rohrbacher wrote in the letter Friday. Dominion Voting Systems brought its defamation lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing its hosts pushed false claims that Dominion's voting machines were rigged in the 2020 presidential election that saw President Joe Biden triumph over former President Donald Trump. Delaware Superior Court Judge Eric Davis expressed frustration with the network Tuesday for its failure to accurately disclose Murdoch's leadership role there. Fox lawyers had repeatedly claimed Murdoch did not have an official title at Fox News, only to later reveal that he serves as the Fox News Executive Chair.

☆ Why big and small businesses flock to Delaware
▼ + stars: | 2023-03-13 | by ( Charlotte Morabito | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy big and small businesses flock to DelawareDelaware is home to fewer than 1 million people, but more than 60% of Fortune 500 companies are incorporated in the state, including Google parent company Alphabet, Amazon, CVS, and CNBC's parent company Comcast. Delaware is seen as friendly to corporations due to its unique court system and laws. But there may be some complications for small businesses hoping to call Delaware their legal home. Watch the video above to learn more about how Delaware has cultivated its business-friendly reputation.

☆ These 7 states face the highest risk of identify theft and fraud
▼ + stars: | 2022-12-08 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Online fraud cases, including identity theft, have hit all-time highs in recent years — which means you're likely more at risk than ever of having your personal information targeted by hackers or other bad actors. Consumers filed more than 5.7 million fraud reports with the Federal Trade Commission last year, including nearly 1.4 million reports of identity theft. Online fraudsters can seek you out anywhere, but identity theft and fraud are more prevalent in some states than others. Here are the country's seven most vulnerable places for identity theft and fraud, according to the report:Washington D.C. Delaware Louisiana Rhode Island Colorado Pennsylvania GeorgiaWashington D.C. tops the list as the place with the most online fraud and identity theft. The rankings give the most weight to the number of identity theft and fraud complaints per capita, as well as the average losses for the victims of those complaints.

☆ It Took Two Weeks to Call Every State in 2020. This Is When to Expect Results This Year.
▼ + stars: | 2022-11-07 | by ( Alicia Parlapiano | Lazaro Gamio | ) www.nytimes.com time to read: +10 min

Six of them — all but Alaska and Michigan — have competitive Senate races this year that could determine the balance of power in Congress. North Carolina Last polls close at 7:30 p.m. Eastern Competitive congressional races Senate, House (1 district) Timing of results State officials expect a quick pace of reporting, similar to 2020. How vote counting progressed in 2020 Race call 6 p.m.,Nov. 3 Midnight Noon,Nov. 4 96% rpt. How vote counting progressed in 2020 Race called 4 days later 6 p.m.,Nov. 3 Midnight Noon,Nov. 4 82% rpt. How vote counting progressed in 2020 Race called 1 day later 6 p.m.,Nov. 3 Midnight Noon,Nov. 4 100% rpt.

☆ Delaware Freezes Out Russia-Linked Startups, Extending Sanctions’ Reach
▼ + stars: | 2022-09-29 | by ( Andrew Scurria | ) www.wsj.com time to read: +7 min

PREVIEWDelaware is now extending U.S. sanctions meant to punish Russia for its invasion of Ukraine to business ventures incorporated in the state. Blocked startups also can’t raise outside financing because they can’t amend their articles of incorporation in Delaware to issue new capital stock, according to several startup founders and their lawyers. Some startups have persuaded Delaware to restore their good standing after demonstrating that corporate officers no longer live in Russia. Blocked startups face other financial repercussions. It can’t proceed with expansion plans so long as it is blocked in Delaware, Mr. Zykov said.

Major became the first shelter dog to live in the White House, but he was rehomed with a family friend after he had trouble adjusting. Joe Biden with Major. Delaware Humane Association/FacebookMajor had some trouble adjusting to life in the White House, biting a Secret Service member and a National Park Service employee in two separate incidents. The first family has since decided to rehome him. "This is not in reaction to any new or specific incident, but rather a decision reached after several months of deliberation as a family and discussions with experts."

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