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☆ Philadelphia highway collapses after vehicle engulfed by fire
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

PHILADELPHIA, June 11 (Reuters) - A portion of a major U.S. highway collapsed in Philadelphia after a vehicle caught fire underneath it, city officials said on Sunday. Video showed emergency vehicles and workers gathered in the area. Traffic in both directions of the eight-lane highway was halted due to concerns about the structural integrity of the remaining southbound lanes. This stretch of the I-95 corridor sits in the dense northeast section of Philadelphia and connects the city to its northern suburbs, like Bucks County. Firefighters battled a large fire coming from a vehicle, Philadelphia Fire Battalion Chief Derek Bowmer told reporters.

Persons: it’s, Derek Bowmer, Crews, Bowmer, Dominick Mireles, Jarrett Renshaw, Maria Caspani, Njuwa, Lisa Shumaker Organizations: PHILADELPHIA, Washington . Firefighters, Philadelphia Fire Battalion, Emergency Management, Thomson Locations: U.S, Philadelphia, East Coast ., Bucks County, Jersey Shore, Boston, Baltimore, Washington, Delaware, New York

Musk was the biggest shareholder in both companies at the time of the deal and Tesla shareholders alleged he pushed the carmaker's board into the deal to bail out the billionaire's investment in the struggling rooftop solar company. The state's highest court said that while a judge on the Delaware Court of Chancery erred in some portions of his analysis, his overall premise still supported his determination that Tesla paid a fair price for SolarCity. They also argued that Slights determined after a 10-day trial in 2021 that Musk meddled in the deal but failed to hold him liable. Shareholders wanted to force Musk to return the Tesla stock he received in the takeover, which at one point was worth $13 billion. The Delaware Supreme Court said that the Slights' ruling was not "pitch perfect" but did not have to be and noted the "total collapse" of the shareholders' theory that SolarCity was insolvent.

Persons: Elon Musk, Musk, Tesla, Randall Baron, Joseph Slights, SolarCity, Slights, Tom Hals, Mark Porter Organizations: Tesla, Delaware Supreme, Shareholders, Thomson Locations: SolarCity, Delaware, Wilmington , Delaware

☆ For These Bird Flu Researchers, Work Is a Day at the Very ‘Icky’ Beach
▼ + stars: | 2023-06-04 | by ( Emily Anthes | ) www.nytimes.com time to read: +1 min

It was a glorious day for field work on the shores of the Delaware Bay. “Here’s one,” said Pamela McKenzie, a researcher at St. Jude Children’s Research Hospital in Memphis, pointing a gloved finger at one tiny white splotch and then another. “There’s one, there’s one, there’s one.”For the next two hours, Dr. McKenzie and her colleagues crept along the shore, scooping up avian excrement. Shorebirds winging their way north alight on local beaches to rest and refuel, excreting virus along the way. And every year for the last four decades, scientists from St. Jude have flown into town to pick up after them.

Persons: ”, Pamela McKenzie, Jude Children’s, McKenzie, Jude Organizations: Jude Children’s Research, St Locations: Delaware, Memphis, New Jersey

☆ Advance Auto Parts cuts full-year profit guidance as costs weigh
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

Companies Advance Auto Parts Inc FollowMay 31 (Reuters) - Advance Auto Parts Inc (AAP.N) lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer's shares down 24% before the opening bell. The Delaware-based supplier now expects to report net sales between $11.2 billion and $11.3 billion for 2023, down from its prior guidance of $11.4 billion to $11.6 billion. Despite pricing actions, the company added that supply headwinds and unfavorable product mix pulled down its first-quarter earnings. The company posted net income of $0.72 per share, down from $2.26 reported last year. The Delaware-based supplier reported net sales of $3.42 billion for the quarter ended April 23, up 1.3% from the prior year.

Persons: Tom Greco, Raechel Thankam, Maju Samuel Organizations: Parts Inc, Thomson Locations: Delaware, The Delaware, Bengaluru

☆ A Twitter exec quit over arguments he install illegal locks and heaters that 'would put lives at risk' in headquarters' bedrooms, lawsuit says
▼ + stars: | 2023-05-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

A lawsuit accuses Elon Musk of risking Twitter staff's lives with illegal locks on office bedrooms. An exec was told locks that would automatically open in case of a fire were too expensive, the suit says. And the lawsuit says a fire would've been more likely due to noncompliant electrical work and unlicensed space heaters. A top Twitter manager quit the company after refusing to install locks in the headquarters' bedrooms which contravened building regulations and could risk staff's lives in the case of a fire, a lawsuit says. The lawsuit accuses Musk of showing "reckless disregard" for "both the law and for the lives and safety of his colleagues and employees."

☆ Her son said his stepdad was sexually abusive. A judge gave the stepdad custody anyway. Then she found the photographs.
▼ + stars: | 2023-05-18 | by ( Olivia Gentile | ) www.businessinsider.com time to read: +58 min

Robert confronted Winenger with the allegations that November, and within weeks Winenger denied the claims in family court. In a family court hearing in Vista, California, on October 28, 2021, Commissioner Patti Ratekin chastised Jill Montes for allegedly alienating her kids from her ex-husband. From a list provided by the Delaware Family Court, Kelly chose a psychologist, William Northey. Their father cited the report in asking a Delaware family court judge to order the boys to change schools. Family Court of the State of Delaware, New Castle CountyCiting the email and a subsequent report, Michael pressed Ostroski to order the transfer.

Persons: he'd, Robert, stepdad, Thomas Winenger, Winenger, Robert's, Jill Montes, Montes, Patti Ratekin, she'd, Ratekin, Richard Gardner, Gardner, Lynn Steinberg, she's, Maya, shrieks, Joan Meier, They'd, —, Meier, Tom Brenner, Paige, Maggie Shannon, Claire, Eden, Weeks, Hester Prynne, Mitra Sarkhosh, Sarkhosh, San Diego Robert, Tom Winenger, Tamatha Clemens, Miguel Alvarez, Alvarez, overreact, Alvarez didn't, Bridges, Janell Ostroski, Linda Gottlieb, Ostroski, Michael D, Ashton, Alfield Reeves, Michael, Kelly D, Kelly, who've, Randy Rand, Chris, Rand, he's, Rand isn't, Jane Shatz of, Joann Murphey, Murphey, Steinberg, Ally Toyos, Kit R, Toyos, Emily, Richard Warshak, Elizabeth Loftus, Harvey Weinstein's, Loftus, Hannah Rodriguez, Linda Gottlieb's, Gottlieb, Rodriguez, Yvonne Parnell, Brian Ludmer, Ludmer, Parnell, aren't, Daniel Barrozo, Mom, Jean Mercer, Mercer, who'd, Michael Saini, Saini, Hannah Yoon, — Ashton, Judge Ostroski, William Northey, Northey, O, Addie Asay, mistreating Ashton, Rachel Brandenburg, Brandenburg, I've, Michael's, Gardner's, Gardner dosed, Dr, Paul Fink, Fink, Warshak, William Bernet, Patrick Clancy, doesn't, She'd, Brian Fitzpatrick, Sen, Susan Rubio, Meier's, Rebecca Connolly, didn't, Connolly, Heidi Simonson, Rubio, Theresa Manzella Organizations: Investigations, San, Business, Child Welfare, of, American Psychiatric Association, World Health Organization, American Professional Society, George Washington University, Violence Law, George Washington University Law School, Columbia University, PAS, Sarkhosh, San Diego County Sheriff's Department, California Health, Welfare Agency, Psychology, Bridges, Texas, Roane, Stockton University, University of Toronto, Families, Delaware Family Court, Family, Delaware Family, Association of Family, Conciliation, Newsday, University of Texas Southwestern Medical Center, HarperCollins, Family Bridges, Vanderbilt University, Disorders, The Justice Department, WHO, of Social Welfare, Family Law, Winenger, Montes, Superior Locations: San Diego County, Vista , California, of California, Family Bridges, United States, Santa Cruz , California, Sacramento, Los Angeles, San Diego, toddlerhood, Ratekin, San, California, Eden, New Castle County , Delaware, New York, Ashton, Delaware, Jane Shatz of California, Seattle, Southern California, Texas, Kansas, Toyos, Bozeman , Montana, Family, Tampa , Florida, New, Hudson Valley, Chino , California, Wilmington , Delaware, of Delaware, New Castle County, Denver, Washington, Pennsylvania, Susan Rubio of Los Angeles County, statehouses, Watsonville , California, Santa Cruz, Michigan , Kansas, Utah, Colorado, Montana

☆ India's Go First Airlines backs emergency arbitration in Pratt & Whitney dispute
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - India's Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business. Last week, Pratt & Whitney argued in the Delaware court that Go First's claim was "unfounded" and the dynamics of the dispute had changed. Pratt's argument "fails," Go Airlines said in a filing with the Delaware court. The stay that Pratt sought would cause the harm that the emergency arbitration awards were designed to prevent, the filing added. Pratt & Whitney did not immediately respond to a request for comment.

☆ Pratt & Whitney to oppose India's Go First's push to enforce arbitration
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, May 10 (Reuters) - Pratt & Whitney plans to oppose Go Airlines (India) Ltd's push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed. The airline, widely known as Go First, approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time. That, the Indian airline argues, has also forced it to file for bankruptcy in New Delhi. Reporting by Mike Scarcella in New York and Aditya Kalra in New Delhi; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Once known as Square, Block agreed in March 2021 to pay $306 million for an 87.5% stake in Tidal. The pension fund also said Dorsey, a co-founder of Block and Twitter, was Block's only top executive who supported the purchase, and bought Tidal because he and Jay-Z were friends. But in concluding that Block directors did not breach their fiduciary duties, McCormick said she could not "presume bad faith based on the merits of the deal alone." Jay-Z, the rapper and music mogul whose real name is Shawn Carter, joined San Francisco-based Block's board after the Tidal purchase and remains a director. The Delaware case was a derivative lawsuit that sought to have Block's directors or their insurers pay damages to the company for shareholders' benefit.

☆ Fox swings to a loss after its Dominion settlement
▼ + stars: | 2023-05-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Fox Corp. posted a loss in the most recent quarter after it paid a $787.5 million settlement to Dominion Voting Systems. The earnings statement didn’t mention Dominion Voting Systems, although it does refer to charges related to legal settlement costs at Fox News Media. Since its settlement with Dominion, Fox has fired its most popular anchor, Tucker Carlson. The Dominion settlement was reached on April 18. The better than expected earnings helped lift shares of Fox (FOX) rose in premarket trading following the report.

☆ Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
▼ + stars: | 2023-05-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Fox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the Super Bowl and its fast ad-supported streaming service Tubi. Fox notched $4.08 billion in quarterly revenue, up 18% from the same period last year. The company also saw a boost after airing more NFL games during the season and from increased viewership for Tubi. Fox is the top-rated cable news channel, even as prime-time ratings in Carlson's slot have slid since his departure.

The decision to dismiss the lawsuit does not mean she has settled the case, her lawyer, Tanvir Rahman, said Monday. Prior to that, she was a producer for Fox host Maria Bartiromo's Sunday morning show. Grossberg also said Fox intimidated her and fraudulently induced her to make false statements in her September 2022 deposition in the Dominion lawsuit. On April 18 Fox agreed to pay Dominion $787.5 million to settle the voting-technology company's defamation lawsuit in Delaware. Grossberg could have been a key witness had the Dominion case gone to trial.

☆ These stocks will help investors break out of the sideways market doldrums, BMO says
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The stock market could be volatile and stay rangebound for the foreseeable future — but that doesn't mean investors should sit it out, according to BMO. The Canadian bank's year-end target of 4,300 for the S & P 500 implies just a 3.2% upside from where the broad index finished Monday. "Nonetheless, investors should remain opportunistic by employing active decision-making, in our view, as our analysis suggest that plenty of investment opportunities still exist even during range-bound market periods." He screened for stocks that have forword price-to-earnings multiples below the S & P 500 and forword earnings per share growth that's greater than the S & P 500's. The Delaware company also missed revenue expectations, reporting $3.02 billion against the $3.10 billion anticipated.

☆ Dominion’s CEO: Why We Settled the Fox News Lawsuit - The New York Times
▼ + stars: | 2023-04-21 | by ( John Poulos | ) www.nytimes.com time to read: +1 min

On Tuesday, when we proudly walked into the Delaware Superior Court, we were going to trial. We knew our case was incredibly strong, and I still believe that at the end of the six-week trial, the jury most likely would have agreed. We had reviewed more than a million internal Fox documents and deposed dozens of people, and Fox’s legal team had reviewed more than a million of ours. At trial, we weren’t expecting any more shocking revelations — we frankly didn’t need any more. The settlement we negotiated accomplished two critical goals: allowing our employees and customers to move forward, and hitting Fox where it hurt most — its bank account.

The voice on the other end asked Roscoe if he would serve as an eleventh-hour mediator in the massive defamation lawsuit filed by Dominion Voting Systems against Fox News. “I said yes,” Roscoe told CNN on Wednesday, recalling advice his father gave him at the age of 16 about accepting work assignments while on vacation. Eduardo Munoz/Reuters/Eric Lee/Bloomberg/Getty ImagesIn the lead up to the last-second deal, attorneys for both Fox News and Dominion were fully expecting a trial. Last week, Dominion had notified Fox News that one of its first witnesses would be Rupert Murdoch, the 92-year-old Fox Corporation chairman, a person familiar with the matter told CNN. “Presence in the courtroom often tends to crystalize the focus of the risks and benefits of litigation,” Roscoe told CNN.

☆ 16 takeaways from Fox News' historic $787.5 million settlement with Dominion
▼ + stars: | 2023-04-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +16 min

In the moments after I watched the judge announce the settlement in court, 16 things went through my mind:1. Evidence obtained by Dominion in the lawsuit and filed to court ahead of the settlement appeared to support that theory. There's always the Smartmatic case. In court filings ahead of the settlement, Fox complained about the $1.6 billion price tag Dominion put on the lawsuit. "Would be pretty unreal if you guys like 20x'ed your Dominion investment with these lawsuits," read one text to a Staple Street executive cited in a Fox court filing.

☆ Premarket stocks: The earnings recession is here. There could be worse to come
▼ + stars: | 2023-04-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Earnings reports are coming thick and fast, showing how companies fared in the first few months of the year. But even as earnings are forecast to slump to their lowest level in three years, investors fear the worst is yet to come. This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.

A Fox victory — after it limped into trial amid a series of legal setbacks — would be a major triumph for the network. “In the coming weeks, we will prove Fox spread lies causing enormous damage to Dominion. We look forward to trial,” a Dominion spokesperson said in a statement on the eve of trial. Pretrial dramaThus far, Fox News has faced an uphill battle in court, as the case careened toward trial. The outcome of the trial, however, is not likely to dramatically change the dishonest way in which Fox News operates.

☆ Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & more
▼ + stars: | 2023-04-17 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Charles Schwab — Shares of Charles Schwab gained 3% on better-than-expected earnings. The company posted a profit of 93 cents per share, beating a Refinitiv forecast of 90 cents per share. M&T Bank — The regional bank stock jumped 3% after the company posted its latest quarterly figures. Lumentum — The optical fiber manufacturer rose slightly after JPMorgan upgraded the stock to overweight from neutral. Ollie's Bargain Outlet — The discount retail rose 3% in premarket trading after JPMorgan upgraded the stock to neutral from overweight.

Wilmington, Delaware CNN —Dominion Voting Systems’ high-stakes defamation trial against Fox News, which was supposed to begin Monday, was abruptly delayed on Sunday evening, in a stunning eleventh-hour twist that threw into question whether a settlement was in the works. Opening statements were expected on Monday, but the Delaware Superior Court said in a surprise announcement that “the start of the trial” will now be Tuesday. “The Court has decided to continue the start of the trial, including jury selection, until Tuesday, April 18, 2023 at 9:00 a.m. Neither Dominion nor Fox commented on the delay Sunday. It says it was defamed by the right-wing network when Fox hosts and guests claimed in 2020 that its voting systems illegally rigged the election against Donald Trump.

☆ Dominion’s case against Fox News goes to trial next week. Is the First Amendment really on the line?
▼ + stars: | 2023-04-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.

☆ Fox News apologizes to judge in defamation case for failing to disclose Rupert Murdoch's role at the network
▼ + stars: | 2023-04-16 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Fox News apologized to the Delaware judge presiding over the Dominion Voting Systems' lawsuit for failing to properly define Fox Corp. Chairman Rupert Murdoch's formal role at the network, according to a letter filed with the court. "We understand the Court's concerns, apologize, and are committed to clear and full communication with the Court moving forward," Fox attorney Blake Rohrbacher wrote in the letter Friday. Dominion Voting Systems brought its defamation lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing its hosts pushed false claims that Dominion's voting machines were rigged in the 2020 presidential election that saw President Joe Biden triumph over former President Donald Trump. Delaware Superior Court Judge Eric Davis expressed frustration with the network Tuesday for its failure to accurately disclose Murdoch's leadership role there. Fox lawyers had repeatedly claimed Murdoch did not have an official title at Fox News, only to later reveal that he serves as the Fox News Executive Chair.

☆ Dominion: Jury selection to begin in defamation trial against Fox News
▼ + stars: | 2023-04-13 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

Wilmington, Delaware CNN —Jury selection is set to begin Thursday in Dominion Voting Systems’ $1.6 billion defamation trial against Fox News over the right-wing network’s promotion of debunked conspiracy theories about the 2020 presidential election. The high-stakes trial — which will put a spotlight on Fox’s 2020 election denialism and the role of disinformation in American politics — is expected to last about six weeks. The case revolves around Fox’s decision, after Donald Trump’s loss in the 2020 election, to allow haywire conspiracy theories about Dominion onto its airwaves. Dominion has argued that Fox destroyed its reputation as a trusted voting technology company by repeatedly amplifying these false claims. Fox News says it didn’t defame Dominion and maintains that it is still “proud” of its 2020 election coverage.

☆ What Dominion's lawsuit could mean for Fox and its cable TV networks
▼ + stars: | 2023-04-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Michael M. Santiago | Getty Images News | Getty ImagesDominion Voting System's defamation lawsuit against Fox Corp . and its cable TV networks will go to trial in the coming days, but the jury is still out on what, exactly, the lawsuit means for Fox and its business. Dominion brought its lawsuit against Fox and its TV networks, Fox News and Fox Business, in March 2021, arguing their hosts pushed false claims that Dominion's voting machines were rigged in the 2020 presidential election that saw Joe Biden triumph over Donald Trump. Worsen [Fox Corp. Stock Chart Icon Stock chart icon Fox Corp.'s stock has remained stable in recent months as evidence implicating its TV hosts and executives have come to light in Dominion's defamation lawsuit. Oftentimes, companies will pull their ads when TV networks are embroiled in controversy.

Lidar technology is used for 3D mapping, navigation and object detection in various high-tech industries. Ouster's complaints said Hesai incorporated its digital lidar technology into the Shanghai-based company's sensors. Ouster accused Hesai's sensors of infringing five patents covering core aspects of its digital lidar technology. It asked the Delaware court for an unspecified amount of money damages and the ITC to bar imports of infringing Hesai products. Hesai settled a patent dispute with San Jose, California-based Velodyne Lidar Inc in 2020.

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