DIRS.INFO The most relevant business & tech news

☆ VinFast delivers first 45 cars in US market
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +3 min

[1/3] VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023. REUTERS/Lisa BaertleinMarch 2 (Reuters) - Vietnamese electric vehicle maker VinFast delivered its first 45 cars to customers in California on Wednesday, its first sales outside Vietnam. Last week, the company slashed the lease price on the VF8 electric crossover by 50%. It also dropped an option for consumers to rent the electric car's battery, a plan it had advertised as a way to bring down the cost of ownership. Andrew and Nikki Le, who ordered 11 VinFast cars, took delivery of the first of those at the store.

[1/2] Tesla vehicles are shown at a Tesla service center in San Diego, California, U.S., January 13, 2023. At Tuesday's closing arguments in a Delaware court, a judge pressed lawyers representing Tesla directors and the investor challenging Musk's pay over whether the company's explosive growth outweighed misleading disclosures about the pay plan in 2018. The pay package contributed to Musk's fortune, the world's second-largest, and has no comparison in the world of executive pay. Tesla investor Richard Tornetta sued Musk and the board in 2018, arguing it unjustly enriched Musk and should be voided. Attorneys for the Tesla directors argued that Tornetta never challenged the main details of the proxy that described the plan, such as the goals Musk had to meet.

☆ So You Want to Smell Like a Skunk. Why Offbeat Perfume Is Trending
▼ + stars: | 2023-02-04 | by ( Amber Kallor | ) www.wsj.com time to read: 1 min

“YOU SMELL interesting,” is the best compliment you can give Katya Roelse. “I don’t think perfume is just about smelling good, it’s about being provocative and starting a conversation,” said the 47-year-old professor in Newark, Del. Some of her favorite fragrances include whiffs of brown tape like Comme des Garçons’s eponymous eau and potato like DSH Perfume’s Starry Nightshade. Unlike mass fragrances that rely on celebrities and sex to drive sales, new niche scents entice olfactory sophisticates with eyebrow-raising names (like Dead Dinosaur) and unusual notes (like tar). Some people care “more about their pleasure than emulating a celebrity,” said New York perfumer Frank Voelkl, who’s had a hand in such hyped scents as Ariana Grande’s Ari.

☆ Justice Department Searches Biden’s Beach Home for Classified Documents
▼ + stars: | 2023-02-01 | by ( Sadie Gurman | Aruna Viswanatha | ) www.wsj.com time to read: 1 min

WASHINGTON—The Justice Department is searching President Biden’s Rehoboth, Del., beach house on Wednesday, Mr. Biden’s lawyer said, as the investigation into why classified materials ended up at his primary home and former office advances. “Today, with the president’s full support and cooperation, the DOJ is conducting a planned search of his home in Rehoboth, Delaware,” the lawyer, Bob Bauer, said.

☆ Justice Department Conducts Planned Search of Biden’s Delaware Beach House
▼ + stars: | 2023-02-01 | by ( Sadie Gurman | Aruna Viswanatha | ) www.wsj.com time to read: 1 min

☆ Justice Department Finds No Classified Documents in Biden’s Beach Home
▼ + stars: | 2023-02-01 | by ( Sadie Gurman | Aruna Viswanatha | ) www.wsj.com time to read: 1 min

WASHINGTON—The Justice Department found no documents with classified markings during a Wednesday search of President Biden’s beach house in Rehoboth, Del., Mr. Biden’s lawyer said, but took some materials and handwritten notes that appeared to relate to his tenure as vice president. The search lasted from 8:30 am to noon, said the lawyer, Bob Bauer.

☆ FBI searching Biden home in Rehoboth, Delaware, in classified documents probe
▼ + stars: | 2023-02-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

U.S. Secret Service agents are seen in front of Joe Biden's Rehoboth Beach, Del., home on Jan. 12, 2021. The FBI is conducting a planned search of President Joe Biden's Rehoboth Beach, Delaware home as part of its investigation into the potential mishandling of classified documents. The planned, consensual visit is the first publicly known time that the FBI conducted a search of the Rehoboth residence. The FBI searched the think tank office in mid-November after Biden's personal lawyers first found classified records there on Nov. 2. The FBI searched Biden's Wilmington home on Jan. 20.

Biden noted that 2,200 trains ride through it daily, making it the busiest tunnel in the United States. "Folks talk about how badly the Baltimore tunnel needs an upgrade. Trains that travel through the tunnel now at 30 miles per hour will travel at 110 mph when renovations are through, Biden said. In Washington, Biden faces a colder reality as Republicans, now in control of the House of Representatives, threaten to block his economic agenda, bog down his programs in investigations and prevent the raising of the debt ceiling to force spending cuts. Biden plans a similar event on Tuesday in New York related to that city's Hudson Tunnel project.

☆ Biden to promote Baltimore spending as Republicans try to force cuts
▼ + stars: | 2023-01-30 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

In Washington, Biden faces a colder reality as Republicans, now in control of the House of Representatives, threaten to block his economic agenda, bog down his programs in investigations and prevent the raising of the debt ceiling to force spending cuts. Monday's event takes Biden, a Democrat who touts his alliance with labor unions, to liberal Baltimore at an event expected to be attended by the state's governor and two senators, all Democrats. He is expected to announce an agreement between Amtrak and a labor group on the tunnel project, according to a White House official. Biden plans a similar event on Tuesday in New York related to that city's Hudson Tunnel project. On Friday, he will highlight the infrastructure bill's provisions replacing toxic lead pipes at an event in Philadelphia.

“If it’s a room of five people, Anita and Bob are two of them,” said a former White House aide, who asked to remain anonymous because the person was not authorized to speak on the record about White House business. The White House declined to comment for this piece. The group of White House aides that were looped in on the discovery immediately was slightly larger and included Dunn, this person said. “Whatever strategy they had has not served him well — the lack of transparency from November to January,” said a second former White House official. Bauer, who didn’t join the administration, has acted as a sounding board for White House lawyers on potential hires.

☆ A 4-day workweek might be coming to Maryland: 'We could be on the verge of a win-win situation'
▼ + stars: | 2023-01-27 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

A four-day workweek could be coming to Maryland. A new bill introduced by Maryland lawmakers this month incentivizes both public and private employers to experiment with a shortened workweek without cutting pay and benefits. Under the program, businesses that shift at least 30 employees from a 40-hour week down to 32 could get a state tax credit. The bill also encourages state and municipal government agencies to implement a shorter workweek and report their results. Following a six-month trial, workers said their performance improved and their levels of burnout went down.

WILMINGTON, Del., Jan 25 (Reuters) - Shareholders can sue McDonald Corp's (MCD.N) former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of sexual harassment to flourish, according to a groundbreaking legal ruling. An attorney for shareholders declined to comment and McDonald's did not immediately respond to a request for comment. Shareholders are suing Fairhurst on behalf of McDonald's in what is known as a derivative lawsuit. Fairhurst became the global chief people officer soon after Stephen Easterbrook was named chief executive officer. Reporting by Tom Hals in Wilmington, Delaware; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

Musk ended three days on the stand defending against claims that he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding secured" to take Tesla private. The trial in San Francisco federal court is testing whether the world's second-richest person can be held liable for his sometimes impulsive use of Twitter. Musk, however, acknowledged he did not have binding agreements with investors, leaving it to the jury to decide if he misled shareholders. The Saudi fund did not immediately respond to a Reuters request for comment. But when questioned by Nicholas Porritt, a lawyer for the investors, Musk said he did not have binding agreements for financing from any interested party.

Musk is defending against claims he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding secured" to take Tesla private at $420 per share, and that "investor support is confirmed." He has testified that he chose not to take Tesla private due to a lack of support from some investors and a wish to avoid a lengthy process. A jury of nine will decide whether the Tesla CEO artificially inflated the company's share price by touting the buyout's prospects, and if so by how much. In addition, Musk testified on Monday that he met on July 31, 2018, with representatives of the Public Investment Fund at Tesla's factory in Fremont, California. Musk said the fund's governor, Yasir Al-Rumayyan, later backpedaled on the commitment to take Tesla private.

☆ Biden's Cabinet is sticking around, bucking the turnover trend of his predecessors
▼ + stars: | 2023-01-23 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +7 min

By early 2019, Trump had cycled through seven of 15 Cabinet secretaries and was on his third chief of staff. A White House official said Mayorkas would fight any such attempt and has no wish to step down. The durability of Biden’s Cabinet is something of a surprise. Going back decades, presidents have steadily concentrated power in the White House, at the Cabinet’s expense, historians say. Some Cabinet secretaries have felt marginalized as presidents stocked the West Wing with trusted advisers and usurped the prerogatives of Cabinet members who had thought they were brought in to run things.

☆ String of Classified Document Discoveries Seen Tarnishing White House
▼ + stars: | 2023-01-23 | by ( Annie Linskey | Aruna Viswanatha | ) www.wsj.com time to read: 1 min

Secret Service personnel park vehicles in the driveway leading to President Biden’s house after classified documents were reported found there. WASHINGTON—Democrats expressed concern Sunday that multiple discoveries of classified documents at President Biden’s private home and a former office will overshadow his agenda and open the door to more Republican-led investigations in the House as lawmakers return to Washington. The Justice Department searched Mr. Biden’s home in Wilmington, Del., for more than 12 hours Friday, an examination that caused authorities to take possession of additional items with classified markings and some related materials, according to a statement released late Saturday by Mr. Biden’s personal attorney Bob Bauer.

☆ More Classified Documents Found at President Biden’s Delaware Home
▼ + stars: | 2023-01-22 | by ( Annie Linskey | Sadie Gurman | ) www.wsj.com time to read: 1 min

The Justice Department’s search of President Biden’s home in Delaware lasted about 12 hours, according to Mr. Biden’s personal attorney. WASHINGTON—A Justice Department search of President Biden’s home in Wilmington, Del., Friday prompted authorities to take possession of six additional documents with classified markings and some related materials, according a new statement by Mr. Biden’s personal attorney Bob Bauer. The search of Mr. Biden’s home lasted about 12 hours and “covered all working, living and storage spaces in the home,” Mr. Bauer said in the statement. The six items taken included some papers from Mr. Biden’s tenure in the U.S. Senate, where he served for 36 years. Others came from his time as vice president.

☆ Legislators call Biden's treatment of classified documents 'irresponsible'
▼ + stars: | 2023-01-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

After the FBI found more classified documents at the Wilmington, Delaware, home of President Joe Biden during a consensual search Friday, legislators said Sunday that Biden's actions were "unbelievable" and "irresponsible." The discovery was the fourth time since November that classified records or materials have been found at a private address of Biden's. Former President Donald Trump is under criminal investigation by another special counsel for taking hundreds of classified records and other government documents from the White House when he left office. Most Americans think both Biden and Trump have handled classified material inappropriately, according to a poll released Sunday by ABC News. "There is one important document that distinguishes former President Trump from President Biden — that's a warrant," Coons said.

He called it the most democratic way to communicate but said his tweets did not always affect Tesla stock the way he expected. "Just because I tweet something does not mean people believe it or will act accordingly," Musk told the jury in San Francisco federal court. [1/5] Tesla CEO Elon Musk testifies during a securities-fraud trial in San Francisco, California, U.S., January 20, 2023 in this courtroom sketch. Earlier on Friday, Tesla investor Timothy Fries told the jury that he lost $5,000 buying Tesla stock after Musk sent the tweet, which sparked volatile swings in Tesla's stock. Musk's attorney, Alex Spiro, told the jury in his opening statement Wednesday that Musk believed he had financing from Saudi backers and was taking steps to make the deal happen.

Companies Tesla Inc FollowJan 20 (Reuters) - Elon Musk, Tesla Inc's (TSLA.O) chief executive, is likely to be called to testify on Friday in a jury trial over his 2018 tweet that he had "funding secured" to take the electric carmaker private, which shareholders allege cost them millions in trading losses. The billionaire entrepreneur is listed as the third possible witness on Friday, after a securities expert and a Tesla investor, in the class action trial in San Francisco federal court. Fearing leaks to the media, Musk tried to protect the "everyday shareholder" by sending the tweet, which contained "technical inaccuracies," Spiro said. The defendants include current and former Tesla directors, whom Spiro said had "pure" motives in their response to Musk's plan. The trial resumes after a day off on Thursday.

“Around the country, MAGA extremists are lining up to take on those bedrock freedoms,” Mr. Biden said, using Mr. Trump’s Make America Great Again slogan to describe the former president’s allies. While he had repeatedly and consistently said he intended to run, Mr. Biden stoked renewed speculation by delaying his kickoff for months. Mr. Biden tapped Julie Chávez Rodríguez, a senior White House adviser and granddaughter of the iconic labor leader Cesar Chávez, as his campaign manager. But the operation is expected to be overseen from the White House by top presidential aides. While polls show that most Democrats have favorable opinions about Mr. Biden, a majority of them would still rather he not run again.

Tesla investor Glen Littleton is seeking damages on behalf of shareholders who traded the company's stock in the days after Musk posted his plan to take the company private on Twitter in August 2018. Musk's lawyer disputed this characterization, saying that the billionaire was "serious" about taking the company private in 2018, but ultimately encountered shareholder opposition. Musk believed that financing was not an issue and was "taking steps" to make a deal happen, Spiro told the jury. The self-employed investor said he viewed Musk's "funding secured" statement as "absolute." Spiro said on Wednesday that Tesla's stock price jumped in response to Musk saying he was considering taking the company private, which he said was true.

Musk, who is expected to be called as a witness in San Francisco federal court this week, has built a cult-like following for his irreverent humor, marketing skills and vision. Legal experts said a jury trial can turn on a key witness and the attorney who questions Musk needs to establish control, minimizing Musk's ability to use his charisma. In the current case, Musk sat for a daylong deposition in 2021 with lead shareholder attorney Nicholas Porritt. The jury is likely to see the "greatest hits" from that interview, according to trial attorney Renato Mariotti, who is not involved in the case. Reporting by Tom Hals in Wilmington, Del., and Jody Godoy in San Francisco; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. officials privately huddle with allies, business leaders about Ukraine at Davos
▼ + stars: | 2023-01-17 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

The closed-door meetings at the annual gathering of the wealthiest investors and most powerful world leaders in Davos, Switzerland come as attendees await Ukrainian President Volodymyr Zelenskyy. Sen. Chris Coons, D-Del., who is one of President Joe Biden's closest allies in the Senate, told CNBC that he's talked with officials at Davos about the need to keep helping Ukraine. The U.S. has already sent some $50 billion in military, financial and humanitarian aid to Ukraine; Congress approved another $44.9 billion in additional funding on Dec. 23. And it's not just Coons or members of Congress from the U.S. delegation that's privately addressing Russia invading Ukraine. The conversation made him think Ukrainian leaders hope to pick up more financial aid while they're at Davos, he said.

The White House and U.S. Secret Service said Monday they do not maintain visitor logs for President Joe Biden’s personal home in Wilmington, Del., a day after a top House Republican called for their release. “Like every President across decades of modern history, his personal residence is personal,” White House counsel’s office spokesman Ian Sams said in a statement. The White House acknowledged on Saturday that more pages with classified markings were discovered at Biden's Delaware home than had been previously disclosed. On Saturday, the White House said additional pages marked classified from the Obama administration were found at Biden’s Wilmington residence, in addition to the two batches that were previously disclosed earlier in the week. In a Sunday interview with CNN”s “State of the Union,” Comer was pressed why his committee was focused on Biden’s documents but not Trump’s.

Search resuls for: "Del."

25 mentions found