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Images of the destroyed pagers showed that they bore stickers from Taiwan-based Gold Apollo, Reuters reported. In a statement, Gold Apollo identified the other company as the Hungary-based BAC. Reached by phone on Wednesday, a spokesperson for Gold Apollo declined to comment further, citing the ongoing investigation. The explosions on Tuesday come amid rising concern that tensions between Israel and Lebanon could spiral into all-out war. Hsu of Gold Apollo said he also felt he had been victimized and was considering filing a lawsuit.
Persons: Hsu Ching, kuang, ” Hsu, , , Mohamed Azakir, Jeanine Hennis, Matthew Miller, Muhammad Mahdi, Ali Ammar, Hsu, Gold Apollo Organizations: Reuters, of Economic Affairs, NBC News, Hamas, . Security, American University of, American University of Beirut Medical Center, U.S . Locations: HONG KONG, Taiwan, Lebanon, Iran, Israel, Europe, New Taipei, Hungary, Beijing, United States, Gaza, Israeli, American University of Beirut, U.S
Last week, DEEP announced a precursor to the Sentinel, a smaller underwater habitat which the company will use to develop systems for the Sentinel but will also be released as a separate product. An underwater habitat placed on the seabed near the wreck could have served as a base for divers instead, said Wolpert. OAR/National Undersea Research Program (NURP)Aquarius replaced Hydrolab after it was decommissioned. OAR/National Undersea Research Program (NURP)Dennison, of the University of Maryland, said Hydrolab was damp, cramped, lacked indoor plumbing, and had only three beds for four occupants. Wolpert said that DEEP is more than a habitat, it’s also a platform for engaging the next generation.
Persons: Sean Wolpert, Wolpert, , Fairleigh Dickinson University DEEP’s, Bill Dennison, , Dennison, , It's, Hydrolab, “ It’s, ” Wolpert, ” Craig McLean, Jacques Cousteau, , III –, McLean, Ray Dalio, Victor Vescovo, Proteus, Fabien Cousteau, it’s Organizations: CNN, Sentinel, Space, Vanguard, Florida International University, NASA, Space Shuttle, SpaceX, Undersea Research Program, Fairleigh Dickinson University, University of Maryland’s Center, Environmental Science, Virgin Islands, University of Maryland, Oceanic, Atmospheric Administration, NOAA, Florida Keys National, of Naval Research Locations: Bristol, Sicily, Aquarius, Florida, Virgin, American, St . Croix, Miami
New York CNN —With its line-up of sweet snacks, Hershey isn’t known as a purveyor of diet foods. As the use of weight-loss drugs — notably Ozempic and Wegovy — grows, the 130-year-old confectionery company is adjusting to this new era by pushing further into the wellness category with protein powders and energy drinks in popular candy flavors. Hershey’s namesake milk chocolate and Reese’s peanut butter and chocolate will soon be sold as protein powders and its Jolly Rancher candies will be turned into bubbly energy drinks. Energy drinks, which are most often bought by millennial and Gen Z customers, have “a lot of affinity” with Hershey’s products, Cunningham told CNN. C4 has already had success with using flavors from Skittles, Starburst and Popsicle for its other energy drinks.
Persons: Hershey, , , , Doss Cunningham, Red Bull, Cunningham, ” Cunningham, Andrea Hernández, Hernández, Hershey’s Organizations: New, New York CNN, Hershey Company, C4 Energy, Red, Energy, CNN, Kroger, Walmart, Hershey, One Locations: New York, , United States, Amazon
New York CNN —Amazon is raising pay for its more than 800,000 US warehouse and transportation workers and giving them Amazon Prime for free. Amazon will also offer the $139 yearly Prime benefit to employees for free. Amazon’s decision to raise wages is another sign of a tight jobs market for logistics workers, fueled by more Americans shopping online. The average hourly wage for transportation and warehouse workers rose to $30.79 in August, up 22% from August of 2020, according to the Labor Department. Rivals such as UPS, Walmart and Target have also bumped up wages for warehouse workers.
Organizations: New, New York CNN, Amazon, Labor Department, Rivals, UPS, Walmart, Target, Teamsters, Deloitte, Senate Health, Education, Labor, Pensions Locations: New York
CNN has attempted to reach BAC through the website that Gold Apollo gave to reporters. Later, the company told Gold Apollo it wished to make its own pagers and asked for the right to use its brand, he added. Taipei has no record of Gold Apollo pagers being shipped to Lebanon, the ministry said in a statement, adding it will continue to investigate. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18. Hsu founded Gold Apollo with 100 million New Taiwan dollars ($3.1 million) in capital in 1995, according to Taiwan’s corporate registry.
Persons: Hsu Ching, kuang, ” Hsu, “ I’ve, Apollo’s pagers, Hsu, Johnson Lai, Gold Apollo, Gold, , Yan Zhao, Hassan Nasrallah, pagers Organizations: New, Hong Kong CNN, New York Times, CNN, Consulting, BAC, Taiwan’s Ministry of Economic Affairs, Getty, Taiwan’s Commonwealth Magazine, FBI Locations: New Taipei City, Hong Kong, Lebanon, Israel, Taiwan, Europe, Budapest, United States, Australia, Taipei, AFP, Iran
New York CNN —Elon Musk is using his social media platform to promote misinformation about the presidential candidates in the lead up to the November election, amplifying false claims Wednesday about a Trump rally bomb threat and immigrants eating pets in Ohio. Then on Wednesday, Musk reshared a bogus claim that a bomb had been discovered near the site of a planned Trump rally in Long Island. Musk’s own post has been earmarked with a crowd-sourced “community notes” fact-check that makes clear the claim was false. X did not respond to a CNN request for comment Wednesday on Musk’s posts. Musk is far from the only figure spreading false information on the platform, though he is easily one of its biggest voices.
Persons: New York CNN — Elon, Donald Trump, Musk, Biden, Kamala, , Kamala Harris, Musk’s, Trump, JD Vance, Nate Silver, Silver, Harris Organizations: New, New York CNN, Trump, ABC, Long Island . Police, CNN, Twitter Locations: New York, Ohio, Long Island, Springfield , Ohio, Springfield, Nevada , Wisconsin , Michigan, Pennsylvania
New York CNN —Wednesday is National Cheeseburger Day, with some of the biggest chains offering some much-needed discounts amid consumer complaints about rising prices. It’s part of company’s string of deals to kickstart slumping sales, including recently extending its popular $5 value meal until December. Fast food has been a low-profit margin business with little customer loyalty. McDonald’s pricey burgers have become a flashpoint of criticism and a symbol of elevated fast food prices. So deals are particularly crucial to fast food companies at the moment to lure customers back.
Persons: they’re, Burger King, Jack, Jack ” cheeseburger, , Joe Erlinger Organizations: New, New York CNN, Wednesday, McDonald’s Locations: New York, White, McDonald’s USA
New York/London CNN —Tupperware Brands Corporation, whose food containers have been a mainstay in American kitchens, has filed for bankruptcy. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, Tupperware president and CEO, said in a statement late Tuesday. Tupperware has historically only sold to consumers through so-called direct sales, most commonly at “Tupperware parties,” similar to cosmetic company Avon’s business model, and only began selling in Target in 2022. Many businesses file for bankruptcy protection to wind down some operations, shed debt and cut costs. A common route, also chosen by Tupperware, is Chapter 11 bankruptcy, which allows the company to solve its financial problems by restructuring.
Persons: ” Laurie Ann Goldman, ” Tupperware, Tupperware Organizations: London CNN — Tupperware Brands Corporation, , Tupperware, Target Locations: New York, London, South Carolina
New York CNN —Boeing is temporarily furloughing executives and other nonunion workers to save cash during the strike by 33,000 members of the International Association of Machinists, CEO Kelly Ortberg told employees in an email Wednesday. The strike started early Friday morning. “We will not mince words - after a full day of mediation, we are frustrated,” the union said in a note to members. The company doesn’t seem to be taking mediation seriously.”A Boeing spokesman did not comment on details of the discussions. “We will continue to transparently communicate as this dynamic situation evolves and do all we can to limit this hardship.”
Persons: Kelly Ortberg, , Ortberg, , ” Ortberg Organizations: New, New York CNN, Boeing, International Association of Machinists Locations: New York, South Carolina
Trump Media breached an agreement with one of the investors that helped the company go public, and must grant the investor a larger share of its stock, a judge ruled. After DWAC merged with Trump Media, those Class B shares were supposed to automatically convert to Class A stock at a 1:1 ratio. Analysts have come to see indivual investments in Trump Media as a proxy for supporting the Republican presidential nominee and betting on his political fortunes. Trump Media is embroiled in numerous other lawsuits with ARC and its founder, Patrick Orlando, along with others involved in the public merger. Trump Media in a filing in that same lawsuit on Monday sought an “emergency” court hearing.
Persons: Donald Trump —, Lori Will, DWAC, Will, ” Will, , Trump, Patrick Orlando Organizations: Trump Media, ARC Global, Truth, Trump, ARC, DWAC, Nasdaq, Analysts, Forbes, United Atlantic Ventures Locations: Delaware Chancery, Delaware, Florida
Secret Service chief makes remarkable admission after apparent threat to Trump’s lifeThe U.S. Secret Service needs a "paradigm shift," the agency's acting director said a day after an apparent attempt on Donald Trump's life, the second in two months. Now, Congress is considering boosting Secret Service funding. Read more about what lawmakers had to say about Secret Service funding. The Secret Service has dramatically increased Trump’s security since the July 13 shooting, including more people and more technology. Sean ‘Diddy’ Combs arrested in New YorkSean "Diddy" Combs.
Persons: Donald Trump, Sean “ Diddy ” Combs, Donald Trump's, Ronald Rowe, Ryan Wesley Routh, Routh, Trump, , Rowe, Read, Sen, JD Vance, Elon Musk, , Joe Biden, Kamala Harris, Sean ‘ Diddy ’ Combs, New York Sean, Diddy, Combs, Angela Weiss, Damian Williams, Marc Agnifilo, Andy Jassy, Jassy, Jeff Bezos, Harris, Sandy Hook, Sandy, Melissa Chan, Elizabeth Robinson Organizations: Secret Service, Trump, Service, U.S, Getty, National Hurricane Center, Carolina, National Weather Service, National Association of Black Journalists, Elementary, NBC, Adidas, Target Locations: East, Carolina, U.S, Florida, Routh’s, Iran, New York, North Carolina, Virginia, West Virginia, Maryland, Pennsylvania, Delaware , New Jersey, Southport, Michigan, Wisconsin
The MW75 Neuro comes in four colors, including silver. NeurableThe concept, says Alcaide, is to help users “build discipline and good habits” through rewarding good cognitive hygiene. Blackrock NeurotechThe MW75 Neuro is a "non-invasive" BCI. CNN’s Anna Stewart tries an early iteration of Neurable’s MW75 Neuro headphones with Deena Al Jassasi (right) at Healthspan Digital, a longevity clinic in Dubai. As more people wear the headphones, Alcaide says users can opt-in to share their anonymized data which can help improve functionality for new software features.
Persons: Ramses Alcaide, Woojin Lee, Neurable, Alcaide, you’re, , Miguel Nicolelis, Adam Molnar, ” Miguel Nicolelis, Neurobiologist, Duke University Nicolelis, Deena Al Jassasi, CNN’s Anna Stewart Organizations: CNN, University of Michigan’s, Interface, Dynamics, Duke University, Neurable, BCI, Blackrock, DCI Network, Institute of Neuroethics, Healthspan Locations: Boston, Alcaide, Blackrock Neurotech's Utah, Dubai
But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company. What will happen after patriarch Rupert Murdoch dies? Could Lachlan’s younger brother James Murdoch force Fox to take a progressive bent? Rupert Murdoch, 93, is seeking to amend the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. Under the current terms, Lachlan, James, Elisabeth and Prudence Murdoch each have equal voting rights after their father dies.
Persons: Rupert Murdoch, Lachlan, James Murdoch, Fox, Murdoch, James Murdoch’s, , James, Fox’s, Biden, Kamala Harris, James ”, Donald Trump, Rupert, Elisabeth, Prudence Murdoch, Maureen Dowd, Rupert “, ” James, Prudence, Bill Barr Organizations: New, New York CNN, Fox News, Fox, Fox Corp, HBO, CNN, The New York Times, News Corp, Wall Street Journal, New York, Liberal, Trump Locations: New York, Nevada, Reno , Nevada, Reno
The Iran-backed militant group said the wireless devices began to explode around 3:30 p.m. local time in a targeted Israeli attack on Hezbollah operatives. Experts say the explosions, unprecedented in their scale and nature, underscore Hezbollah’s vulnerability as its communication network was compromised to deadly effect. CNN could not geolocate the image, but has verified it was published Tuesday, the same day as the explosions. Hostilities are at an all-time high between Israel and Hezbollah following Hamas’ October 7 attack on Israel. US Secretary of Defense Lloyd Austin spoke twice with his Israeli counterpart, Israeli Defense Minister Yoav Gallant, according to two US defense officials.
Persons: Israel, , Hassan Nasrallah, , Avi Melamed, ” Melamed, David Kennedy, I’ve, John Miller, Amos Yadlin, Nasrallah, Yahya, ” Yadlin, Kim Ghattas, Ahmad Kaddoura, Miller, Ismail Haniyeh, Mohamed Azakir, , Defense Lloyd Austin, Yoav Gallant Organizations: CNN, Hamas, Middle, GPS, New York Times, Times, US National Security Agency, Intelligence, Getty, American University of, American University of Beirut Medical Center, Reuters, Global, Defense, Israeli Locations: Lebanon, Iran, Gaza, East, Israel, Lebanese, Israeli, Sidon, Anadolu, United States, Iranian, Tehran, American University of Beirut
CNN —A critical witness in the original trial of disgraced Hollywood producer Harvey Weinstein has announced she will testify in his upcoming retrial on criminal charges. After Weinstein’s conviction was overturned earlier this year, Mimi Haley, a former production assistant on The Weinstein Company’s “Project Runway,” said she wasn’t sure if she wanted to go through it all again. Haley alleged that Weinstein had pinned her down and forced her into a sex act in 2006 at his Manhattan apartment. Last week, he was indicted in Manhattan in connection to new sexual assault allegations, according to prosecutors. If he is cleared to attend the hearing, Weinstein is expected to be arraigned on the new indictment.
Persons: Harvey Weinstein, Mimi Haley, Weinstein, , Gloria Allred, , Haley, Jessica Mann, Mann, Arthur Aidala Organizations: CNN, Hollywood, New, Bellevue Hospital Locations: Manhattan, New York, Los Angeles
Boeing and its largest union are expected to restart contract negotiations on Tuesday with the help of federal mediators, days after thousands of workers rejected a previous offer and went on strike. The company makes several airplanes, including the 737 Max, its most popular, in two factories outside the city. If the strike lasts for several weeks, analysts estimate that Boeing, which was already in a financially precarious position before the stoppage began, could lose billions of dollars. Workers last week overwhelmingly rejected a tentative contract that Boeing and union officials had negotiated, saying that it fell well short of what the union had initially sought on raises, retirement benefits and other issues. Tuesday’s meeting will take place in Seattle, where small teams of leaders from Boeing and the union will convene with representatives from the Federal Mediation and Conciliation Service, a government agency that helps to resolve labor disputes.
Persons: Brian West Organizations: Boeing, Workers, Federal Mediation, Conciliation Service Locations: Seattle
The deal, if approved, would put six fashion brands under a single company: Tapestry’s Coach, Kate Spade and Stuart Weitzman, with Capri’s Versace, Jimmy Choo and Michael Kors. Yet, in his remarks, Kors described how even legacy brands like his own can struggle and lose shoppers’ interest. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. In its most-recent fiscal quarter that ended in late June, Michael Kors’ revenue dropped 14.2% on a reported basis or 13.3% on a constant currency basis compared to the year-ago period. Gennette, who retired early this year, said the department store’s sales got hit because it leaned too heavily on Michael Kors’ brand.
Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, you’ll, we’ve, , Jeff Gennette, Michael Kors ’ Organizations: Federal Trade Commission, FTC, Tapestry Locations: Manhattan, Capri
DETROIT — The United Auto Workers union on Monday said it had filed federal unfair labor practice charges against Stellantis for allegedly violating contract terms and attempting to move production of the Dodge Durango out of the U.S. “In our 2023 contract, we won major gains, including a commitment to reopen an idled assembly plant in Belvidere, Illinois, and to build the Dodge Durango in Detroit. The union did not disclose when the attempted move occurred or where the company allegedly wanted to move Durango production. A copy of the latest National Labor Relations Board filing provided by the UAW did not mention the Durango. The UAW said Monday it has more than 24 open grievances against Stellantis regarding the company’s product and investment plans disclosed as part of the union’s contract with the automaker.
Persons: Stellantis, Shawn Fain, , Organizations: DETROIT, United Auto Workers, Dodge, U.S, , UAW, National Labor Relations, NLRB Locations: Dodge Durango, Belvidere , Illinois, Detroit, Illinois, U.S, Durango, Ontario, Canada
Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike of more than 30,000 factory workers. Boeing factory workers, mostly in the Seattle area, started walking off the job early Friday after overwhelmingly rejecting a tentative labor deal, halting most of Boeing’s aircraft production. It was the first clear sign of how the strike will affect the hundreds of suppliers that rely on Boeing work. The financial impact of the strike will depend on how long it lasts, but Boeing is focused on conserving cash, West said at a Morgan Stanley conference Friday. On Friday, Moody’s put all of Boeing’s credit ratings on review for a downgrade and Fitch Ratings said a prolonged strike could put Boeing at risk of a downgrade.
Persons: Brian West, ” West, West, Morgan Stanley, Kelly Ortberg, Moody’s Organizations: Boeing, Morgan, Fitch Locations: Seattle
London CNN —Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading. The Titanic under construction at a Harland & Wolff shipyard in Belfast. Krista Few/Corbis/Getty ImagesThis is not the first time that Harland & Wolff has prepared for bankruptcy. Last year, Harland & Wolff, which completed the Titanic in 1912, delivered its first finished vessel from its historic Belfast site in two decades. Activity on the Islandmagee project will also continue as normal, Harland & Wolff said.
Persons: London CNN — Harland, Wolff, Harland, , , Russell Downs, Krista Few, Harland & Wolff, Matt Roberts, GMB Organizations: London CNN —, Administration, UK Export Finance, Belfast, Harland, Storage, , UK’s Ministry of Defence Locations: United Kingdom, , Belfast, British, Northern Ireland, Scotland
In one tweet, Routh wrote that “I would like to invite you to Hawaii for vacation. Newsweek Romania journalist Remus Cernea, one of the people listed on the website, told CNN he met Routh in Kyiv’s Maidan Square in June 2022. Tracy Fulk, a Greensboro police officer at the time, told CNN that the incident started when she pulled Routh over for a traffic stop. Audrey McAvoy/APA Hawaiian man who gave Routh’s company a bad review on Facebook told CNN he was unsettled by Routh’s response to the criticism. “We must push forward with logical leadership that supports the ones that wish to accomplish great things,” Routh wrote in one post.
Persons: Donald Trump, Ryan Wesley Routh, Joe Biden, , Ukraine ”, Volodymyr Zelensky, Routh, hadn’t, Biden, Zelensky, Ryan Routh's, Trump, Routh’s, , , Tulsi Gabbard, Beto O’Rourke, Tom Steyer, Elizabeth Warren, Andrew Yang, Joe, hillary, ” Routh, Kim Jong Un, ” Zelensky, Routh’s fiancée, Kathleen Shaffer, Shaffer, Efrem, Semafor, Oleksandr Shaguri, ” Michael Wasiura, ” Wasiura, ” Evelyn Aschenbrenner, Aschenbrenner, ” Aschenbrenner, Ryan O’Leary, ” O’Leary, Remus Cernea, Cernea, it’s, ” Cernea, barricading, Tracy Fulk, Fulk, ” Fulk, didn’t, ” Ryan Routh's, Audrey McAvoy, Saili Levi, Levi, you’re, ” Levi, Ryan Routh ”, Nelli Black, Benjamin Brown, Scott Glover, Lex Harvey, Winter, Rob Kuznia, Kyung Lah, Daniel Medina, Gianluca Mezzofiore, Rob Picheta, Puy Kamp, Sabrina Shulman, Teele Rebane, Adam Renton, Jessie Yeung Organizations: CNN, Twitter, Trump, Martin County Sheriff’s, Martin County Sheriff's, Facebook, Service, Republican, X, Machine, Commission, Democratic, North, “ WE, New York Times, Ukraine’s Land Forces Command, Legion, country’s International, Army National Guard, Global Citizen, Taiwan, Taiwan Foreign Legion, Newsweek Romania, Greensboro, Sheriff’s Office, Guilford County North Carolina Sheriff’s, Honolulu Star, Star, Advertiser, Honolulu, roosters Locations: Ukraine, Hawaii, Afghanistan, Ukrainian, Honolulu, Oahu, Florida, Martin County, Russia, Zelensky, American, Kyiv’s, Kyiv, Taiwan, North Korea, China, Kyiv’s Maidan, North Carolina, Greensboro, Guilford, Guilford County North Carolina, Kaʻaʻawa, Oahu Island, Oran, Majlie
Intel shares jump on chip deal with Amazon
  + stars: | 2024-09-16 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
New York CNN —Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat Gelsinger said in the statement Monday. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement. Intel has changed its business model to try to become a global chip manufacturer to rival Taiwan’s TSMC.
Persons: New York CNN —, , Pat Gelsinger, Gelsinger, Taiwan’s TSMC, It’s Organizations: New, New York CNN, Intel, Intel Foundry, Amazon Web, Qualcomm, Texas Instruments, Nvidia, AWS Locations: New York, Arizona , Oregon, New Mexico, Ohio, Germany, Poland
A SpaceX capsule carrying four private citizens splashed down off the coast of Florida before dawn 3:36 a.m. The five-day Polaris Dawn flight marked the fifth private mission for SpaceX’s Crew Dragon capsule. This meant that all four members of the Polaris Dawn mission wore spacesuits during the spacewalk, and the entire capsule was depressurized to vacuum conditions. He was part of the first all-civilian SpaceX mission to orbit in 2021 and funded the Polaris Dawn mission, his second spaceflight, for an undisclosed sum. The Polaris Dawn flight was designed to test new technologies and procedures for future long-duration missions.
Persons: Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, ” operatators, Isaacman, Gillis, Van Allen Organizations: SpaceX, Air Force, Polaris, Polaris Dawn Locations: Florida, Tortugas , Florida, Gulf of Mexico
Routh tagged Joe Biden and Vice President Kamala Harris, in separate posts, encouraging them to visit those injured at the rally. Trump will never do anything for them,” he wrote in a post directed at Harris. In an April post on X tagging President Biden’s presidential account, he wrote that Biden’s campaign should be: “called something like KADAF. “Work has never been about money rather building frameworks for people to thrive and succeed,” Routh wrote on his LinkedIn page. Levi said when he asked Routh to improve the work via email, Routh ranted at him.
Persons: Donald Trump, Ryan Wesley Routh, Routh, Joe Biden, Kamala Harris, Biden, Trump, , Biden’s, MASA …, ” Routh, Saili Levi, Levi, Routh ranted, , you’re, ” Levi, barricading Organizations: CNN, Trump, Democratic, North Carolina State Board, Ukraine –, Box, Honolulu Star, Facebook, Russia, ” Records, Greensboro News, Sunday Locations: Florida, Hawaii, Pennsylvania, Harris, North Carolina, KRAKOW, UKRAINE, Ukraine, State, Oran
What this Boeing strike is really all about
  + stars: | 2024-09-14 | by ( Allison Morrow | Chris Isidore | ) edition.cnn.com   time to read: +6 min
New York CNN —At the heart of the Boeing strike that began Friday is a story about what happens when penny-pinching executives lose the plot and it falls to workers to get everyone back on track. If Boeing were any other business — and not a too-big-fail half of a global duopoly — it almost certainly would have declared bankruptcy. Years of pent-up resentment over Boeing’s mismanagement, combined with pandemic-era inflation and a resurgent labor movement, made this strike inevitable. Ahead of the strike, Ortberg urged workers not to strike while acknowledging their anger over nearly two decades of past contracts that downsized their retirement and health care benefits. Almost exactly one year ago, the United Auto Workers union won historic guarantees from the Big Three automakers after a seven-week strike.
Persons: , , Richard Aboulafia, James McNerney, Aboulafia, Kelly Ortberg, missteps, Ortberg, Jon Holden, , — who’ve, Dave Calhoun’s, Holden, haven’t, ” Holden, Sharon Block Organizations: New, New York CNN, Boeing, SpaceX, International Association of Machinists, United Auto Workers, Big, UAW, hardball, Harvard Law School’s Center for Labor Locations: New York, January’s, Renton , Washington, Seattle, Virginia, South Carolina, Washington, United States
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