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During the company's earnings call with Wall Street analysts later Monday, executives said that the EEOC investigation was now behind them and would no longer be a distraction. "Because of limited resources, we cannot file a lawsuit in every case where we find discrimination," the EEOC explains on its website. It's unclear if the question of whether to sue Bowlero made it to a vote with the EEOC's commissioners. He told CNBC he plans to sue Bowlero for $80 million, plus legal fees. In response, Bowlero's attorneys Alex Spiro and Hope Skibitsky at law firm Quinn Emanuel said they "are pleased with the outcome of the EEOC investigation."
Persons: Bowlero, Thomas Shannon, Robert Lavan, there's, it's, Daniel Dowe, EEOC, Dowe, Alex Spiro, Hope Skibitsky, Quinn Emanuel, Thomas Tanase, Tanase's, didn't Organizations: U.S, Commission, CNBC, AMF, Lucky, Wall Street, Bowlero Locations: North America, Virginia
He runs a podcast and has attended over 100 presidential campaign events. I’ve asked presidential candidates pointed and respectful questions. At an “Our Great American Comeback” event in New Hampshire, DeSantis evaded responding to my question about the peaceful transfer of power. Gen Z journalists are often shut down by authoritative figures and officials, and student journalists across the country are not guaranteed complete constitutional First Amendment protection — discouraging active participation from students and rousing fear of litigation. While some might think we’re “too young” to be concerned about or understand national policy, these outcomes determine our future: a future that Gen Z is increasingly concerned about.
Persons: Quinn Mitchell, CNN —, Quinn Mitchell Kristopher Radder, I’ve, who’s, , , Ron DeSantis, DeSantis, , Nikki Haley, Haley, Young, Z Organizations: CNN, Trump, Republican, Democratic, Florida Gov, South Carolina Gov, Tufts, Twitter Locations: Walpole , New Hampshire, New England, Brattleboro, New Hampshire, Florida
HSBC on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm. In a statement released by the bank, Quinn said:"It has been a privilege to lead HSBC. I never imagined when I started 37 years ago that I would have the honour of becoming Group Chief Executive of this great bank. First appointed as interim CEO in August 2019, Quinn took permanent leadership of HSBC in March 2020. HSBC said the hunt for its next CEO had begun, and that Quinn would remain in his post during this process.
Persons: Noel Quinn, Quinn, Mark Tucker, Tucker Organizations: HSBC, Tuesday Locations: China, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.
Persons: , HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's
Eli Lilly also hiked its full-year guidance for adjusted earnings and revenue, topping analysts' expectations. 3M – Shares advanced 7.7% after the maker of industrial products posted earnings of $2.39 per share on revenues of $7.72 billion. First-quarter revenue at the Netherlands-based automaker slid 12% due to lower sales plus foreign exchange effects, even as net pricing remained strong. HSBC — HSBC, Europe's largest bank by assets, added 4.2% after the firm beat first-quarter earnings expectations and announced the departure of its Group Chief Executive Officer, Noel Quinn. PayPal saw first-quarter revenue of $7.7 billion, topping analysts' $7.51 billion consensus estimate, according to LSEG.
Persons: Eli Lilly —, Eli Lilly, Meanwehile, Goldman Sachs, Coke, Tesla, Noel Quinn, Yun Li, Jesse Pound, Michelle Fox Theobald Organizations: Chrysler, HSBC — HSBC, GE Healthcare Technologies, GE, PayPal Locations: Chicago, Netherlands, Atlanta, China
The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. HSBC beat expectations in its first quarter earnings report on Tuesday. Pretax profit in the January to March period came in at $12.7 billion, falling 2% from a year ago when profit before tax came in at $12.88 billion. Still, that figure beat the $12.61 billion forecast from analyst estimates compiled by the bank. Profit after tax income decreased to $10.84 billion — lower than the $11.03 billion seen in the first quarter of 2023.
Organizations: HSBC, . Revenue Locations: Brussels, Belgium
HSBC CEO announces surprise retirement
  + stars: | 2024-04-30 | by ( ) edition.cnn.com   time to read: +3 min
Hong Kong — HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. “We do hope that the next CEO would lay out more plans, execution-wise, to further increase the bank’s businesses in Asian countries,” he added. “I’ve held intensive leadership roles since I took on a commercial bank role in October 2008, so I’m personally ready for a change,” Quinn told reporters on a call. HSBC also faced criticism in recent years from Western lawmakers over its dealings with China amid growing geopolitical tensions. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February.
Persons: Noel Quinn, , Georges Elhedery, Quinn, , Simon Yuen, “ I’ve, I’m, ” Quinn, “ It’s, Mark Tucker, , ” Tucker, China’s Organizations: HSBC, HSBC’s, Management, China’s Ping An Insurance Locations: Hong Kong, Asia, United States, France, Argentina, Canada, Europe, China, The London
Just as the offseason kicked off in mid February, Durde was hired to become the Seattle Seahawks’ new defensive coordinator, becoming the first British coordinator in NFL history. Durde’s first exposure to the NFL came in 2005 when – as part of the NFL International Development Practice Squad program, an early predecessor to the IPP – he spent some time on the practice squad of the Carolina Panthers. He spent three seasons as part of the Falcons’ defensive coaching staff, working across a number of roles under head coach Dan Quinn. His permanent hiring in 2018 meant Durde became the first British full-time coach in NFL history. Under Durde’s stewardship, Dallas’ defensive line developed into one of the most feared in the league, in particular star linebacker Micah Parsons.
Persons: Aden Durde, Durde, , hasn’t, ” Durde, that’s, , , Bill Walsh, Dan Quinn, Carmen Mandato, ” It’s, Efe Obada, Jordan Mailata, Wales rugby international Louis Rees, Zammit, Mailata, Louis, Rees, Jeff Ulbrich, he’s, He’s, Micah Parsons, Parsons, Pro Bowler, Roger Steinman, Mike McDonald –, Dallas, Pete Carroll Organizations: CNN, NFL, Seattle Seahawks, American, Atlanta Falcons, CNN Sport, London Olympians, Scottish, Hamburg, Devils, Carolina Panthers, Kansas City Chiefs, London Warriors, Dallas Cowboys, Brit Osi, IPP, Washington, Philadelphia Eagles ’, Wales rugby international, Eagles, , Falcons, Atlanta Journal, Cowboys, Dallas, Seahawks, Durde Locations: Aden, British, London, Britain, Greenwich, NFL Europe, Hamburg’s, Europe, Atlanta, Texas, Durde’s, Dallas, Seattle
Memecoins are back and they're producing some wild returns even hedge funds can't ignore. Coins like Dogwifhat and Baby Doge Coin soared amid bitcoin's explosive rise in the first quarter. AdvertisementMemecoins have made a comeback amid bitcoin's big rally this year, and with skyrocketing returns in the highly volatile corner of the crypto market, some hedge funds have been jumping in, Bloomberg reported. California-based hedge fund Stratos debuted a fund that holds Dogifwhat, a token whose mascot is a dog in a beanie. Hedge fund Lekker Capital's founder, Quinn Thompson, told Bloomberg that memecoins are just another chapter in the saga of "retail frenzy," akin to the GameStop and meme stock madness in traditional markets.
Persons: Memecoins, , skyrocketing, Stratos, Howard, rocketed, Crypto, Lekker, Quinn Thompson, Pantera, they've Organizations: Service, Bloomberg, Pantera Capital, GameStop Locations: California, New York
“We’ve been teenage girls,” Lily Gladstone said. Which means that Gladstone and her co-star, Riley Keough, know what teenage girls can do. Six teenage girls and one teenage boy, many of them Virk’s classmates, were eventually convicted. Keough, who also produced the series, plays a version of Godfrey. Gladstone plays Cam, an invented character, a Native law enforcement officer who was adopted as a child by a white family.
Persons: “ We’ve, ” Lily Gladstone, Gladstone, Riley Keough, Keough, Reena, Rebecca Godfrey’s, Virk’s, Manjit, Godfrey, Quinn Shephard Organizations: Hulu Locations: Cam
Lawyers also revealed that the trade earned Jane Street $1 billion last year and was on pace to earn even more for the firm this year. Jane Street worried about extinguishing the trade's viability, Brown said, intentionally leaving short-term profits on the table to maintain its long-term viability. But the company's profits from the strategy plummeted in the month after the traders joined Millennium, Jane Street says, falling 50% in March. Engelmayer denied the temporary restraining order, saying Jane Street did not establish irreparable harm. Jane Street may believe irreversible harm has already taken place, given its desire to keep details of the trade secret, including the country it operates in.
Persons: , Jane Street, Paul Engelmayer, pilfered, Doug Schadewald, Daniel Spottiswood, Jane, Deborah Brown, Quinn Emanuel, Engelmayer, Brown, Spottiswood, Andrew Levander, Levander, Jane Street's, Rollo Baker, Elsberg Baker, Maruri, Judge Engelmayer, Baker Organizations: Service, Management, Business, Millennium, Jane Street, Bloomberg Locations: Manhattan, India, Schadewald
The first trailer for "Joker: Folie à Deux" screened at CinemaCon on Tuesday night. Director Todd Phillips said, "Lady Gaga is magic," when asked why she was cast to play Harley Quinn. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDuring the Warner Bros. presentation on Tuesday at CinemaCon, the annual movie-theater convention in Las Vegas, the trailer for "Joker: Folie à Deux," the sequel to the studio's 2019 hit movie "Joker," was unveiled for the first time and received thunderous applause. The trailer featured Joaquin Phoenix returning to play the role of Arthur Fleck, aka Joker, along with the addition of Lady Gaga to the franchise, as she plays Joker's love interest, Harley Quinn.
Persons: Todd Phillips, Gaga, Harley Quinn, , Joaquin Phoenix, Arthur Fleck, Lady Gaga Organizations: Service, Warner Bros, Business Locations: CinemaCon, Las Vegas
Alex Spiro faces potential sanctions over his behavior during Elon Musk's deposition. An opposing lawyer accused Spiro, Musk's go-to attorney, of acting "astonishingly unprofessional." At several points in the deposition, Spiro and Bankston traded barbs. "I've rarely met a lawyer with less decorum than you, if you could be called a lawyer," Musk said to Bankston. First of all, I know you're not a Texas attorney," Bankston said after Spiro told his client not to answer one of his questions in the deposition.
Persons: Alex Spiro, Elon, Spiro, Musk's, Musk, , Ben Brody, Brody's, Mark Bankston —, Sandy, Alex Jones —, Bankston, he's, Quinn Emanuel Urquhart, Sullivan, HuffPost, he'd, Brody, we're, I've, Alex ., Neil Heslin, Scarlett Lewis, Sandy Hook, Jesse Lewis, Alex Jones, Jones Organizations: Nazi, Service, Bloomberg, New Locations: Texas, New York, Thailand
A "Joker" sequel titled "Joker: Folie à Deux" is set for release on October 4. "Joker: Folie à Deux" stars Phoenix as the titular DC Comics villain and Lady Gaga as the iconic character Harley Quinn. AdvertisementThe sequel is a musical and will reportedly include at least 15 covers of popular songsJoaquin Phoenix and Lady Gaga in Joker: Folie à Deux." The 'Joker 2' plot will focus on the Joker's romance with Harley QuinnLady Gaga and Joaquin Phoenix in "Joker: Folie à Deux." AdvertisementThe 'Joker: Folie à Deux' release date is Friday, October 4Joaquin Phoenix as the Joker in "Joker: Folie à Deux."
Persons: Joaquin Phoenix, Arthur Fleck, Lady Gaga, Harley Quinn, , Joaquin, Todd Phillips, Phoenix, Phillips, Gaga, Sophie Dumond, Arthur, Brendan Gleeson, Catherine Keener, John Malkovich, Harry Lawtey, Steve Coogan, Harley, Beetz, Harley Quinn Lady Gaga, Harley's, Richard Gelfond, Jason Guerrasio, Christopher Nolan, Denis Villeneuve Organizations: Service, DC Comics, Warner Bros, Phoenix, Gaga, Variety, Arkham Locations: Las Vegas, Gotham City, Bronx
CNN —Talk about a “bad romance.”Lady Gaga is making her long-awaited debut as Harley Quinn alongside Joaquin Phoenix’s reprisal of his Oscar-winning Joker in the first trailer for “Joker: Folie à Deux” released on Tuesday. The teaser trailer begins with Phoenix’s cuffed and plain-faced Joker – whose name is Arthur Fleck – being escorted through a facility he’s being held in. “I’m nobody,” Gaga’s Quinn later says, as she is seen miming a gun to her head and pulling the trigger. “I’m not alone anymore.”In DC comic book lore, the Joker and Harley Quinn have often been each other’s love interests, with Quinn introduced as the villain’s therapist in Arkham Asylum. “Joker: Folie à Deux” will premiere in theaters on October 4.
Persons: Gaga, Harley Quinn, Joaquin Phoenix’s, Oscar, Phoenix’s, Joker –, Arthur Fleck –, ” Gaga’s Quinn, what’s, ” Fleck, “ I’m, Quinn, Todd Phillips, Folie ”, Brendan Gleeson, Catherine Keener, Zazie, Sophie, , Organizations: CNN, Phoenix
Nestled against the Rocky Mountains, Boulder, Colorado, has blossomed into a thriving hub for the natural products and wellness industry. The tea company was later acquired by Hain Food Group — now Hain Celestial Group — in 2000 for $390 million. Hain Celestial Group CEO Wendy Davidson (left) and CNBC's Andrea Day (right) trekking along the historic footrails where the founders of Celestial Seasonings gathered wild herbs in 1969. Turning peanut butter into goldThe Boulder County Farmers Market, a vibrant incubator since 1987, exemplifies the region's thriving ecosystem. A sign from the Boulder Farmers Market, operating from April to November, serving as an incubator for numerous small food businesses.
Persons: Wendy Davidson, CNBC's Andrea Day, Davidson, It's, Justin Gold, butters, , Gold, Daniel Acker, Juan Stewart, Stewart, Kristine Carey, Kristy Lewis, Quinn Snacks Organizations: U.S . News, Rockies, Hain Food, Group, CNBC, Leeds School of Business, University of Colorado, Farmers, Boulder Farmers, Foods, Hormel Foods, Bloomberg, Getty, Boulder County Farmers, Kroger, Companies Locations: U.S, CNBC's, Rocky, Boulder , Colorado, Boulder, University of Colorado Boulder, Tiskilwa , Illinois, Boulder County
HSBC to sell Argentina business in $550 million deal
  + stars: | 2024-04-09 | by ( Diksha Madhok | ) edition.cnn.com   time to read: +1 min
CNN —HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in the country, for $550 million, the UK-based bank said on Tuesday. The sale is expected to lead to a $1 billion pre-tax loss for HSBC in the first quarter of this year, the statement added. “HSBC Argentina is largely a domestically focused business, with limited connectivity to the rest of our international network,” Quinn said, adding that the unit “generates substantial earnings volatility” for the bank. “Galicia is better placed to invest in and grow the business,” he said. The bank, Europe’s biggest by market value, reported a big drop in quarterly profit in February, partly because of its exposure to China’s troubled real estate industry.
Persons: Noel Quinn, ” Quinn, Organizations: CNN, HSBC, Grupo Financiero, “ HSBC Locations: Argentina, Grupo Financiero Galicia, Asia, United States, France, “ HSBC Argentina, “ Galicia, China
Equal Employment Opportunity Commission alleging they were fired based on their age or out of retaliation, according to company securities filings and the proposed countersuit. Bowlero says that Tanase resigned and then had a change of heart when he realized he wouldn't get severance pay. Now, Tanase is seeking the court's permission to countersue Bowlero and the company's executive vice chairman, Brett Parker. I've told you this before," said Tanase, according to the transcript. He also claims Bowlero sued him to deter him from filing a complaint with the EEOC or serving as a witness in its investigation into Bowlero.
Persons: Bowlero's, Thomas Tanase, Bowlero, Tanase, Thomas Shannon, countersue Bowlero, Brett Parker, Parker, Daniel Dowe, he'd, haven't, I've, Alex Spiro, Quinn Emanuel, Elon Musk, Alec Baldwin, Spiro, Scott Pickus, Pickus, Shannon Organizations: Bowlero, U.S, AMF, Lucky, Federal, CNBC, FBI, Elon Locations: Virginia, North America, Bowlero
CNN —Defending Tour de France champion Jonas Vingegaard is in hospital after suffering a horror crash during stage four of the Tour of the Basque Country on Thursday. His cycling team, Team Visma, said that Vingegaard suffered a broken collarbone, several broken ribs, a pulmonary contusion and pneumothorax, or collapsed lung. “He remains in hospital.”Vingegaard’s injury puts his Tour de France title defense in jeopardy, with the race starting earlier this year on June 29 due to the Paris Olympics. Television footage showed Vingegaard being taken away on a stretcher and put into an ambulance. Evenepoel, the 2022 Vuelta a España winner, also suffered a fractured collarbone, his Quick-Step Pro Cycling Team said in a statement, as well as a fractured right shoulder blade.
Persons: Jonas Vingegaard, Visma, Vingegaard, , Primož Roglič, Remco Evenepoel, ” Evenepoel, Tim de Waele, Jay Vine, Sean Quinn Organizations: CNN, de France, Paris Olympics, Evenepoel, Team, Getty, Team Emirates, Pro Locations: Basque, Belgium
Teasers for season three of "Bridgerton" have hinted at the famous "mirror scene" from the books. Here's what actually happens in the "mirror scene" from Julia Quinn's fourth "Bridgerton" novel. AdvertisementIf you were paying attention to the "Bridgerton" teaser drop on March 27, you might feel very intrigued by something that the book's fans call the "mirror scene." pic.twitter.com/KRC6nsx7H1 — Bridgerton (@bridgerton) March 27, 2024Fans were quick to link the sequence to the book's famous "mirror scene." NetflixHere's how the 'Bridgerton' mirror scene actually goes down in the bookIn book four, "Romancing Mister Bridgerton," Penelope and Colin finally get engaged.
Persons: Penelope Featherington, Colin Bridgerton, Julia Quinn's, , Nicola Coughlan, Luke Newton, we've, Penelope, Colin, Mister Colin Bridgerton, swoon, you've, Coughlan, Bridgerton, Whistledown Organizations: Service, Netflix, Entertainment
At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."
Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, , Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York
Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.
Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S
Spears reprised her role as Zoey for a movie sequel, "Zoey 102," released on Paramount+ in July 2023. Dana Hawley/Paramount+Many fans speculated that "Zoey 101" ended due to Spears' pregnancy at 16 years old. After her time on Nickelodeon, Spears switched her focus to singing, much like her older sister Britney Spears. In July 2020, the "Zoey 101" cast reunited for a sketch as part of the Nickelodeon show "All That." The "Zoey 101" film sequel, titled "Zoey 102," was released in summer 2023, and followed Zoey and her friends as they reunited for Quinn and Logan's wedding.
Persons: Spears, Zoey, Jamie Lynn Spears, Zoey Brooks, Dana Hawley, didn't, Casey Aldridge, Maddie Briann, Aldridge, Jamie Watson, Ivey Joan, Britney Spears, Britney, Quinn, Erin Sanders, Quinn Pensky, Sean Flynn, Chase Matthews, Matthew Underwood, Logan Reese, Christopher Massey, Michael Barrett, Abby Wilde, Stacey Dillsen, Jack Salvatore, Mark Del Figgalo, She's, Woods Organizations: Paramount, Nickelodeon, Grand Ole Opry, Radio Disney, Netflix Locations: Louisiana
Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel. "We have confidence in China's continued financial sector opening and economic transition," Winters said. "The inauguration of SCSCL will enhance Standard Chartered's ability to serve clients domestically and internationally, deepening and diversifying our capabilities in China". StanChart started hiring staff in China since 2023 as it geared up to launch the investment banking unit targeting niche bond deals, chairman of the unit said last year. Blackstone's Schwarzman held a meeting on Monday with the chief secretary of Communist Party of China, Cai Qi, a statement from China's Ministry of Foreign Affairs shows.
Persons: Bill Winters, Winters, Zhu Hexin, StanChart, Zhu, China's, StanChart's Winters, Noel Quinn, Blackstone's Schwarzman, Cai Qi, Cai Organizations: China's, Administration of Foreign Exchange, SAFE, Standard Chartered Securities China, China Development, Communist Party of China, China's Ministry of Foreign Affairs Locations: London, China, U.S, Los Angeles
The Tesla Inc. logo is captured on a sign of one of its shops in Zurich on Nov. 13, 2023. Tesla and the employee, Kyle Kaszuba, must pay more than $42 million in damages to the victim, Christopher Dugan, a Marion County jury said in a Wednesday verdict. The jury found that Dugan was 30% liable for the crash, reducing the award from $60 million to $42 million. The crash occurred while Kaszuba was operating a 2014 Ford vehicle owned by Tesla either with the permission of Tesla or while working in his capacity as a Tesla employee, Dugan alleged in his initial complaint. The gas station near where the crash occurred is located just outside of a ramp to I-465, the ring road that encircles Indianapolis.
Persons: Tesla, Kyle Kaszuba, Christopher Dugan, Dugan, Kaszuba, Quinn Emanuel, Nick Rowley, — CNBC's Lora Kolodny Organizations: Tesla, Ford, Ford Super, Inc, View Locations: Zurich, An Indiana, Marion, Indianapolis
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