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A female SpaceX employee accused the company of gender discrimination and retaliation in a new lawsuit. The employee said in the suit that SpaceX continued to side with her male boss even after he left. AdvertisementA female SpaceX employee accused the rocket company of discrimination and retaliation in a new lawsuit filed Tuesday in Los Angeles Superior Court. The civil rights arm of the Justice Department has also filed suit against SpaceX alleging discrimination against asylees and refugees. Last month, Bloomberg obtained California civil rights complaints that revealed former SpaceX employees are accusing executives at the company of joking about sexual harassment and firing employees who reported their concerns.
Persons: , Michelle Dopak, Dopak, Gwynn Shotwell, Shotwell Organizations: SpaceX, Service, Los Angeles Superior Court, Reuters, Business, Justice Department, Bloomberg Locations: Los Angeles, California
UBS issued a rare double-downgrade on Rivian , waving the warning flag amid signs of trouble for the battered electric vehicle stock. Analyst Joseph Spak lowered his rating to sell from buy and slashed his price target to $8 from $24. Spak's price target implies shares will fall 30.1% from Thursday's close. RIVN YTD mountain Rivian, year to date Rivian stock lost nearly 1% before the bell Friday. JPMorgan lowered its rating on the stock to underweight from neutral and cut its price target to $11.
Persons: Joseph Spak, Spak, there's, Rivian, Ryan Brinkman Organizations: UBS, UBS wasn't, JPMorgan Locations: Thursday's, Rivian
Buy these two underperforming automakers' stocks, UBS says
  + stars: | 2023-09-13 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Two major automakers have caught the eye of UBS as a new analyst takes over coverage of the sector. Analyst Joseph Spak starts his coverage of Ford and General Motors with buy ratings. Before he became the analyst covering the industry, UBS had a sell rating on Ford and neutral rating on GM. Despite adding 1.1% in Wednesday premarket trading, GM is down 0.5% year to date. F GM YTD mountain Ford and GM in 2023 — CNBC's Michael Bloom contributed to this report
Persons: Joseph Spak, Spak, , Michael Bloom Organizations: UBS, Ford, General Motors, GM Locations: overdone
Millennial Julia Pak, who lives in Canada, has been dumpster diving on and off since she was a teen. She spent an average of about 60 Canadian dollars or about $45 on food and drinks in the last four months. That bill was roughly 14 Canadian dollars in June, or about $10. And a mom who has done dumpster diving with her daughter said in an as-told-to essay for Insider that "the hardest part of dumpster diving is seeing the waste." She advises other people who want to try out dumpster diving to go at night like she does.
Persons: Julia Pak, Pak, Pak didn't, I'm, Kit Kat, Pak doesn't, Pak's, Julia Pak Pak, doesn't, she's Organizations: Service, Chain Management, Pak Locations: Canada, Wall, Silicon, Toronto, KOHO
North Korea's Kim sacks No. 2 military official
  + stars: | 2023-01-02 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +3 min
SEOUL, Jan 2 (Reuters) - North Korea has sacked Pak Jong Chon, the second most powerful military official after leader Kim Jong Un, state media reported. The party's Central Military Commission, which is headed by Kim, is considered the country' most powerful military decision-making body, above the defence ministry. In late 2020, Pak was promoted to the politburo and earned the title of marshal, the highest military rank under Kim, and became a leading voice last November against joint South Korea-U.S. military exercises. Like most other top military aides who went through ups and downs repeatedly under Kim, Pak was briefly demoted in mid-2021 after Kim chided some officials for their handling of North Korea's anti-coronavirus policy, before being promoted again months later. Ri, Pak's successor, is also a senior military commander who held key positions including chief of the army's general staff and defence minister.
Shares of Indonesian e-commerce company Blibli rose 4.9% in its Indonesian stock market debut Tuesday, in what was the country's second-largest initial public offering this year. Shares of PT Global Digital Niaga Tbk, which owns Blibli, climbed as high as 472 rupiah in early trading, up from its IPO price of 450 rupiah per share. In early afternoon trade, the stock was trading at about 452 rupiah. Blibli is the latest tech company to list in Southeast Asia since Indonesian unicorns Bukalapak's $1.5 billion share sale in August 2021 and GoTo's $1.1 billion IPO in April. Blibli, an online marketplace selling a range of household and lifestyle goods, was founded in 2011 and is owned by the Indonesian e-commerce group PT Global Digital Niaga which also runs an online travel business and supermarket chains.
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