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☆ How Wall Street Giants Made Billions Preying on College Students
▼ + stars: | 2024-09-10 | by ( Ryann Liebenthal | ) www.businessinsider.com time to read: +13 min

In 1970 there had been only 18,333 students enrolled at degree-granting for-profit schools, less than a quarter of a percent of the total number of college students. In 2010, Tom Harkin, chair of the Senate's education committee, began a two-year investigation into for-profit schools. But even more shocking, federal money flowing to for-profit schools accounted for 25% of all federal student aid and 47% of eventual loan defaults. Students' money enriched every corner of the for-profit industry except one: quality of instruction. In fact, these for-profit students were actually worse off than if they hadn't gone to school at all.

Persons: Kaplan, bankrolling, —, underperformers, Ashford, Warburg Pincus, Tom Harkin, Harkin, Goldman Sachs, Goldman, Pell Grant, Ryann Liebenthal Harper, Stephanie Riegg Cellini, Cellini, Ryann Liebenthal Organizations: University of, Apollo Group, ITT Tech, Fortune, Federal Family Education, Ashford, University, company's, Ashford University, Bridgepoint Education, New, Defense Department, Bloomberg, Camp Lejeune, Ryann Liebenthal Harper Collins Publishers, Books, HarperCollins Publishers Locations: California, New York City, Bridgepoint, Pell, Vietnam, Iraq, Camp, Oakland , California

☆ An inside look at the weekend the GameStop frenzy began on WallStreetBets
▼ + stars: | 2024-06-10 | by ( Nathaniel Popper | ) www.businessinsider.com time to read: +19 min

Like Tesla and Palantir, GameStop was a popular stock to short among hedge funds, though GameStop took it to a whole new level. "That's how I feel about these GME posts that are using the 'P' and get in so we can cause an 'S' words that are no-nos." That was enough to make WallStreetBets the seventh-largest holder of GameStop stock, ahead of some of the big Wall Street investment firms that had shown interest in the stock. AdvertisementOn WallStreetBets, Alzmann shared the growing evidence that Cohen was indeed planning to take a more active role at GameStop. AdvertisementBut when Cramer dug into the conversation happening around GameStop on WallStreetBets, he saw that something new and more sophisticated was happening.

Persons: GameStop, Jaime Rogozinski, Tesla, Jordan Zazzara, I've, Zazzara, Ryan Cohen, Andrew Left, ahem Citron, PLTR, here's, Citron, We're, WallStreetBets, Uberkikz11, I'm, Ryder, Rod Alzmann, Bolt, Alzmann, Kitty, Roaring Kitty, StockTwits, lockdowns, Nathaniel Popper, Harper Collins, Cohen, Jim Cramer, manipulatively, Cramer, who've, It's Organizations: GameStop, Sony, Business, Twitter, Gamestop, Virgin Galactic, Blockbuster, Netflix, Citron Research, Research, Vanguard, YouTube, Roaring, Roaring Kitty, Owls, WSB, shits, GME Owls, CNBC, Virgin, Street Books, HarperCollins Publishers, Misfits Locations: sweatpants, Tampa , Florida

☆ 5 desserts for celebrating Eid al-Fitr
▼ + stars: | 2024-04-09 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +4 min

Ramadan is coming to an end, which means it’s time to plan to celebrate Eid al-Fitr. A number of desserts make up the table during Eid al-Fitr. Arindam Dey/AFP/Getty ImagesA classic Eid al-Fitr dish is sheer khurma. Helou said these desserts are eaten all year round, but they are ever more present during Ramadan and Eid. iStockphoto/Getty ImagesA popular Eid al-Fitr dish is a sweet milk-based dumpling called rasmalai.

Persons: Ramadan, Eid, Sweets, Anissa Helou, Ma’amoul, ” Helou, Arindam Dey, Helou, Mehmet Akif Parlak, “, ”, it’s, Karolia, James Nielsen, Jocelyn Solis, Moreira Organizations: CNN, Getty, Anadolu Agency, Houston Chronicle Locations: Syria, Jordan, Lebanon, Palestinian, Agartala, India, AFP, Gaziantep, New York

☆ An Instagram-Ready Immersive Museum Uses Braille. But Is It Accessible?
▼ + stars: | 2024-03-08 | by ( Christopher Kuo | ) www.nytimes.com time to read: +2 min

That experience of being engulfed in the sounds and the chaos of a new city helped inspire the exhibits in his new immersive installation, Mercer Labs. Nachum, whose artwork often incorporates Braille, became renowned for designing the Grammy-nominated cover for Rihanna’s album “Anti,” featuring a photo of Rihanna as a child wearing a gold crown embossed with Braille. Some exhibits feature Braille, tactile displays and immersive sounds intended for blind and low-vision visitors as well as sighted ones. In one of the rooms, attendees with vision can don sleeping masks and listen to a set of immersive sounds, the better to understand Nachum’s experiences from 2004 with touch and navigation. In still another space, guests stroll through a cave covered with pink hydrangeas that can be explored through touch.

Persons: Roy Nachum, Rihanna, Michael Cayre, Roy Nachum’s Organizations: Mercer Labs, ” Locations: Manhattan, Israel, East

☆ Google's new AI-powered wingman highlights the challenges of using a tool that could eventually replace you
▼ + stars: | 2024-02-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.

Persons: —, Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, “, Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London

☆ Strong Quake in Philippines Triggers Tsunami Warnings and Evacuations
▼ + stars: | 2023-12-02 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +3 min

Evacuations were continuing in the Philippines, where there were no initial reports of significant wave damage or casualties despite continuing aftershocks. The Philippine Institute of Volcanology and Seismology, Phivolcs, maintained that the risk of a tsunami remained. However, the two provinces are largely rural and not densely populated, unlike other parts of the Philippines. The EMSC said the quake of magnitude 7.5 had struck at a depth of 63 km (39 miles), while the U.S. Geographic Survey put the quake at magnitude 7.6 and a depth of 32 km (20 miles), and said it had struck at 10:37 p.m. (1437 GMT).

Persons: Mikhail Flores MANILA, Phivolcs, Raymark Gentallan, James Soria, Cosme Calejesan, EMSC, Mrinmay Dey, Mikhail Flores, Karen Lema, Kiyoshi Takenaka, Kevin Liffey, Alison Williams, David Holmes, Jonathan Oatis Organizations: U.S ., Philippine Institute of, Japan Meteorological Agency, Seismological, Reuters, Earthquakes, U.S . Geographic Survey Locations: Philippines, Mindanao, Japan, U.S, Tokyo, Surigao Del Sur, Davao Oriental, Hinatuan, Surigao City, Bengaluru, Manila

☆ Earthquake of 7.5 strikes Philippines, tsunami expected in Philippines and Japan
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

Dec 2 (Reuters) - An earthquake of at least magnitude 7.5 struck Mindanao in the southern Philippines late on Saturday, triggering evacuation orders for some areas and southwestern Japanese coasts because of warnings of tsunami waves of a metre (3 feet) or more. The Philippine Seismology Agency Phivolcs said the waves could hit the Philippines by midnight (1600 GMT) and continue for hours. The U.S. Tsunami Warning System said there could be waves of up to 3 metres above the tide level along some Philippine coasts. The Japanese broadcaster NHK said tsunami waves of up to a metre were expected to reach Japan's southwestern coast around 30 minutes later - by 1:30 a.m. on Sunday (1630 GMT on Saturday). The European-Mediterranean Seismological Centre (EMSC) said a quake of magnitude 7.5 had struck at a depth of 63 km (39 miles).

Persons: Agency Phivolcs, Phivolcs, Mrinmay Dey, Mikhail Flores, Kiyoshi Takenaka, Kevin Liffey, Diane Craft, Alison Williams Organizations: Agency, U.S ., NHK, Seismological, U.S . Geographic Survey, Thomson Locations: Mindanao, Philippines, Philippine, U.S, Surigao Del Sur, Davao Oriental, Japanese, Hinatuan, Earthquakes, Bengaluru, Manila, Tokyo

☆ Las Vegas hospitality unions ratify contract with Wynn Resorts
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Unions representing hospitality staff in Las Vegas said on Wednesday that workers employed at Wynn Resorts (WYNN.O) have voted in favor to ratify a new five-year contract, days after similar moves by its competitors Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N). The unions, which represent about 5,000 employees at Wynn Resorts properties, said 99% of its members voted in favor of the new agreement. Earlier this week, union members at Caesars and MGM voted to ratify their contracts. The total compensation won by the Culinary Union for workers employed at MGM Resorts, Caesars Entertainment, and Wynn Resorts casino properties is about $2 billion over the five-year contract, according to Ted Pappageorge, secretary-treasurer at Culinary Union . Meanwhile, the unions said separate negotiations for 10,000 workers including cooks, bartenders and housekeepers, are ongoing with 24 smaller casinos and resorts for a new five-year contract.

Persons: Wynn, Ted Pappageorge, Mrinmay Dey, Sonia Cheema Organizations: Wynn Resorts, Caesars Entertainment, MGM Resorts International, Caesars, MGM, Culinary Union, MGM Resorts, Las, Thomson Locations: Las Vegas, United States, Bengaluru

☆ Gen Z-ers and Millennials React to ‘L.A. Law’
▼ + stars: | 2023-11-23 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

Until the streaming relaunch, the show was hard to find, existing in DVDs at junk shops and in the depths of Amazon Prime Video. In recent days the Styles journalists Melissa Guerrero, Sadiba Hasan, Callie Holtermann and Louis Lucero — all members of the Millennial or Gen Z generations who had never seen “L.A. Law” — watched the first three episodes on Hulu. They shared their observations with the editors Minju Pak and Jim Windolf, who were fans of the show in its heyday. It was the subject of workplace conversation and countless think pieces, and it won 15 Emmys before the final gavel in 1994.

Persons: “ L.A, ”, Seinfeld, Melissa Guerrero, Sadiba Hasan, Callie Holtermann, Louis Lucero —, ” —, Pak, Jim Windolf, Steven Bochco, Terry Louise Fisher, Harry Hamlin, Michael Kuzak, Corbin Bernsen, Arnie Becker, Jill Eikenberry, Ann Kelsey, Jimmy Smits, Victor Sifuentes, Susan Dey, Grace Van Owen, L.A, Law ” Organizations: NBC, Hulu, Amazon Prime

☆ Elon Musk, under fire, threatens lawsuit against media watchdog
▼ + stars: | 2023-11-18 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - Elon Musk threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large U.S. companies to halt advertising on the site after being promoted alongside antisemitic content. Liberal watchdog group Media Matters for America said earlier this week that it found ads from IBM, Apple and others were placed alongside content promoting Adolf Hitler and the Nazi Party. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said. He accused Media Matters of creating an alternative account designed to "misinform advertisers" about their posts. Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.

Persons: Tesla, Elon Musk, Leon Neal, Adolf Hitler, Musk, Axios, Musk's, Mrinmay Dey, David Gaffen, Tomasz Janowski, Kirsten Donovan, Daniel Wallis Organizations: SpaceX's, Bletchley, Media, Liberal, America, IBM, Apple, Nazi Party, X Corp, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, Defamation League, ADL, Hamas, Thomson Locations: Bletchley, Britain, United States, Israel, Palestinian, Bengaluru

☆ Elon Musk says X to file 'thermonuclear' lawsuit against media watchdog
▼ + stars: | 2023-11-18 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people. "Media Matters created an alternate account and curated the posts and advertising appearing on the account's timeline to misinform advertisers about the placement of their posts." Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.

Persons: Tesla, Elon Musk, Leon Neal, Musk, Comcast's Xfinity, Adolf Hitler, Axios, Elon Musk's, Andrew Bates, Mrinmay Dey, Tomasz Janowski, Kirsten Donovan Organizations: SpaceX's, Bletchley, X Corp, Twitter, Media, Liberal, IBM, Apple, Oracle, Nazi Party, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, America, Palestinian, Thomson Locations: Bletchley, Britain, Israel, Bengaluru

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp will be filing a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the social media platform, soon after major U.S. companies paused their advertisements on his social media site. Media watchdog Media Matters earlier this week said it found that corporate advertisements by IBM, Apple (AAPL.O), Oracle (ORCL.N) and Comcast's (CMCSA.O) Xfinity were being placed alongside antisemitic content. "The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and ALL those who colluded in this fraudulent attack on our company," Musk said in a post on X, formerly known as Twitter. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said.

Persons: Tesla, Elon Musk, Leon Neal, Xfinity, Musk, Mrinmay Dey, Kim Coghill, Tomasz Janowski Organizations: SpaceX's, Bletchley, X Corp, Media, IBM, Apple, Oracle, Twitter, America, Thomson Locations: Bletchley, Britain, Bengaluru

☆ Magnitude 5.7 earthquake strikes Myanmar-China border region - GFZ
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: 1 min

Nov 17 (Reuters) - An earthquake of magnitude 5.7 struck the Myanmar-China border region on Friday, German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 10 km (6.21 miles) GFZ said. Reporting by Mrinmay Dey in Bengaluru; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Mrinmay Dey, Christopher Cushing Organizations: Research Centre, Geosciences, Thomson Locations: Myanmar, China, Bengaluru

☆ Blackstone to raise $400 million to boost credit fund's lending power - FT
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsNov 16 (Reuters) - Blackstone (BX.N) is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The private equity firm will sell loans that BCRED owns to the CLO to enhance competitiveness, FT said. Blackstone, which also manages multiple other funds, faced a significant decline in withdrawal requests from Blackstone Real Estate Income Trust (BREIT) in September, Kathleen MacCarthy, its global co-head of real estate, said then. Financial Times had in August reported that Blackstone, , plans to launch a private equity fund for wealthy individuals early next year.

Persons: CLOs, Blackstone, Kathleen MacCarthy, Mrinmay Dey, Dhanya Ann Thoppil Organizations: Blackstone Group, REUTERS, Blackstone, Blackstone Private Credit Fund, Financial Times, The, Reuters, Unified Women’s Healthcare, Blackstone Real, Income, Thomson Locations: New York City, U.S, The New York, Bengaluru

☆ UAW members ratify labor deal with Mack Trucks
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Mack Trucks is seen on a truck in a yard in Mejicanos, El Salvador, August 16, 2018. REUTERS/Jose Cabezas Acquire Licensing RightsNov 16 (Reuters) - The United Auto Workers (UAW) union said on Wednesday that about 3,900 of its members working at Mack Trucks ratified a new five-year contract, ending a month-long strike at the Volvo Group (VOLVb.ST)-owned company. "After 39 days on strike, UAW members at Mack Trucks have voted by 93% to ratify their new contract with significant local improvements," the union said in a post on messaging platform X, previously known as Twitter. Mack Trucks said the new contract covered its employees at facilities in Pennsylvania, Maryland and Florida. Mack Trucks, which was bought by Volvo in 2000, is one of North America's largest makers of medium-duty and heavy-duty trucks.

Persons: Mack Trucks, Jose Cabezas, Maria Ponnezhath, Shubham Kalia, Mrinmay Dey, Gokul Pisharody, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Auto Workers, UAW, Mack, Volvo Group, Twitter, Detroit's Big, General Motors, Ford, Volvo, Thomson Locations: Mejicanos, El Salvador, Pennsylvania , Maryland, Florida, North, Bengaluru

☆ SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

WeWork had office space available at 777 locations worldwide as of the end of June. In a filing with the New Jersey bankruptcy court, WeWork listed assets of $15.06 billion and liabilities of $18.66 billion as of June 30. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."

Persons: WeWork, SoftBank, Cadwalader, Taft, Kate Munsch, Adam Neumann, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur, Rashmi Aich, Jamie Freed, Edmund Klamann Organizations: SoftBank, New, REUTERS, JPMorgan Chase, Intelsat, Thomson Locations: Canada, New Jersey, Wickersham, San Francisco , California, U.S, WeWork, SoftBank, Tokyo, New York, Bengaluru

☆ GM to halt production of Cruise driverless van
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco, California, U.S., September 26, 2018. REUTERS/Heather Somerville/File Photo/File Photo Acquire Licensing RightsNov 6 (Reuters) - General Motors (GM.N) is finishing production on a small number of its pre-commercial fully autonomous van the Cruise Origin, after which the automaker plans to temporarily pause its production, a company spokesperson told Reuters on Monday. The Cruise Origin vehicle was jointly developed by GM, Cruise and Honda. The move comes after Cruise, the driverless car unit of General Motors, suspended all operations nationwide after California regulators ordered the robotaxi operator to remove its driverless cars from state roads. California regulators suspended the company's license to operate driverless vehicles last month, saying self-driving vehicles were a risk to the public.

Persons: Heather Somerville, Forbes, Kyle Vogt's, Vogt, Cruise, Akanksha Khushi, Mrinmay Dey, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: General Motors Corp, REUTERS, General Motors, GM, Cruise, Honda, Thomson Locations: San Francisco , California, U.S, Japan, Tokyo, California, Bengaluru

☆ SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Profitability has remained elusive, as WeWork grapples with its expensive leases and corporate clients cancelling because some employees work from home. In a filing with the New Jersey bankruptcy court, WeWork listed estimated assets and liabilities in the range of $10 billon to $50 billion. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."

Persons: Kate Munsch, WeWork, Cadwalader, Taft, Adam Neumann, SoftBank, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur Organizations: REUTERS, SoftBank, New, JPMorgan Chase, Intelsat, Thomson Locations: San Francisco , California, U.S, Canada, New Jersey, Wickersham, WeWork, New York, Bengaluru

☆ Alaska Airlines sued over attempt by off-duty pilot to shut down engines
▼ + stars: | 2023-11-03 | by ( Steve Gorman | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

The lawsuit stems from an in-flight emergency declared by the crew of Alaska Airlines Flight 2059 over the Pacific Northwest while the aircraft was en route from Everett, Washington, to San Francisco, on Oct 22. The suit also names Horizon Air - the regional subsidiary operating the Alaska Airlines flight- as a defendant. Alaska Airlines in an emailed statement to Reuters said that they have received the complaint and are reviewing it. The suit also seeks injunctive relief mandating Alaska Airlines and Horizon Air to conduct examinations of all anticipated flight crew and jump seat passengers, including their "mental health status". Joseph David Emerson was the Alaska Airlines pilot who was riding as a standby employee passenger in the cockpit "jump seat".

Persons: Joseph David Emerson, Dave Killen, Emerson, Steve Gorman, Abinaya, Shubhendu, Chandni Shah, Mrinmay Dey, Gokul, Devika Nair, Aurora Ellis Organizations: Alaska Airlines, Horizon Air, Horizon, Reuters, Alaska Air, Shubhendu Deshmukh, Thomson Locations: Multnomah County, Portland , Oregon, U.S, Seattle, Pacific Northwest, Everett , Washington, San Francisco, Washington, Los Angeles, Bengaluru

[1/2] United Auto Workers (UAW) union members picket outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. Total economic losses from the auto workers' strike have reached $9.3 billon, the Anderson Economic Group said earlier this week. Getting the deal ratified will be up to Fain and UAW leaders, and that is not assured. UAW workers at the company now called Stellantis rejected a proposal endorsed by UAW leaders in 2015. UAW leaders feared that the automakers would cut jobs at combustion engine factories and shift work to non-union joint venture battery plants or overseas suppliers.

Persons: Luke Sharrett, Shawn Fain, Ford, Sam Fiorani, Stellantis, Joe Biden, Fain, Donald Trump, Mrinmay Dey, Peter Henderson, Abhirup Roy, Shailesh Kuber, Sayantani Ghosh, Cynthia Osterman Organizations: United Auto Workers, UAW, REUTERS, Ford, General Motors, Chrysler, Stellantis, GM, AutoForecast Solutions, CNBC, Anderson Economic Group, Detroit, U.S, Republican, Mack, EV, Detroit Three, Toyota, Tesla, Hyundai, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Arlington , Texas, Kentucky, Sterling Heights , Michigan, Detroit, Michigan, United States, Bengaluru

☆ Activist Icahn sues Illumina board over Grail acquisition - FT
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Grail Inc FollowIllumina Inc FollowOct 17 (Reuters) - Activist-investor Carl Icahn said his firm had sued current and former board directors at Illumina (ILMN.O) concerning the acquisition of gene-sequencing company Grail (GRAL.O), the Financial Times reported on Tuesday. Reporting by Mrinmay Dey in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Mrinmay Dey, Sherry Jacob, Phillips Organizations: FOX Business, REUTERS, Financial Times, Thomson Locations: New York, U.S, Illumina, Bengaluru

The move leaves the remaining bidder for Manchester United, Ineos chairman Jim Ratcliffe, in a stronger position. The exact value that Ratcliffe's bid infers on Manchester United could not be learned, but the sources said it was higher than Jassim's offer of more than $6 billion. Manchester United is currently valued by the stock market at $3.3 billion. Representatives for Jassim declined to comment while Manchester United and Ratcliffe representatives did not immediately respond to a request for comment. Record 20-time English champions, Manchester United has over 650 million fans worldwide, according to market research firm Kantar.

Persons: Phil Noble Livepic, Sheikh Jassim bin Hamad al Thani, Glazer, Jim Ratcliffe, Jassim, Ratcliffe, Todd Boehly, Malcolm Glazer, Alex Ferguson's, Erik ten Hag, Anirban Sen, Mrinmay Dey, Chizu Organizations: Soccer, Manchester United, Europa League, Friends, Reuters, Manchester United Plc, Representatives, Sky News, Chelsea Football Club, Clearlake, Tampa Bay Buccaneers, League, Manchester City, Thomson Locations: Stockholm, Sweden, Manchester, New York, Bengaluru

☆ Canadian autoworkers union Unifor ratifies GM labor deal
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +2 min

The Canadian union, which represents about 4,300 workers at GM in these talks, said 80.5% of its members at facilities in Oshawa, St. Catharines and Woodstock voted in favor of the deal. The deal with GM followed the pattern set with Ford Motor (F.N), which settled with Unifor last month. In the United States, about 9,200 members of the United Auto Workers (UAW) union have affected two GM assembly plants and 18 parts distribution centers. GM also has furloughed about 2,300 U.S. workers due to the impact of the UAW strike. Unifor has used the "pattern bargaining" approach in its talks, reaching a deal first with Ford and then picking GM as the second bargaining target.

Persons: Claude Robitaille, Unifor, Shivansh Tiwary, Nathan Gomes, Mrinmay Dey, Ben Klayman, Matthew Lewis, Diane Craft, Sandra Maler Organizations: Chevrolet Silverado, General, REUTERS, General Motors, Canadian, GM, Woodstock, Ford Motor, United Auto Workers, UAW, Ford, Chrysler, Thomson Locations: Oshawa, Oshawa , Ontario, Canada, United States, St, Catharines, Ingersoll , Ontario, Bengaluru

☆ Pakistan cuts petrol and diesel prices
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: 1 min

A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi, Pakistan September 16, 2023. REUTERS/Akhtar Soomro/File photo Acquire Licensing RightsOct 15 (Reuters) - Pakistan on Monday cut the prices of petrol and diesel owing to the decreasing trend of petroleum prices in the international market, the finance ministry said in a statement. The price of petrol would drop by 40 Pakistani rupees ($0.144) to 283.38 rupees a litre effective October 16. High-speed diesel cost would drop by 15 rupees to 303.18 rupees a litre. ($1 = 277.2000 Pakistani rupees)Reporting by Mrinmay Dey in Bengaluru; Editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

Persons: Akhtar Soomro, Mrinmay Dey, Andrew Cawthorne Organizations: REUTERS, Thomson Locations: Karachi, Pakistan, Bengaluru

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