Google agreed to pay $28 million to settle a class action lawsuit claiming that it favored white and Asian employees by paying them more and putting them on higher career tracks than other workers. The accord with Google, a unit of Alphabet, won preliminary approval last week from Judge Charles Adams of the Santa Clara … Read more
Several thousand packages of oyster crackers are being recalled after a food manufacturer detected the possibility of contamination involving “foreign material.” Ohio-based food manufacturer Shearer’s Foods, LLC initiated the recall on Feb. 21. On Tuesday, the U.S. Food and Drug Administration (FDA) upgraded the recall to Class II, its second-highest risk classification. Class II recalls involve products … Read more
President Trump’s threatened tariffs on Mexico is hitting the country’s tequila industry hard – even though the promised 25% levy has yet to go into effect. Major tequila producers and retailers have acquired massive stockpiles of the agave-based spirit, which can only be made in Mexico, have paid hefty storage fees; and put hiring and … Read more
The billionaire owner of the Los Angeles Times was slapped with a $24 million lawsuit by the landlord of its storied printing plant for allegedly failing to pay rent and leaving the building in “gross disrepair.” Real estate developer Alameda claimed bio-tech entrepreneur Patrick Soon-Shiong and lease guarantor NantMedia breached the rental contract for the … Read more
Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the version launched last year, and will be manufactured on existing production lines, sources with knowledge of the matter told Reuters. … Read more
The clock starts ticking Monday to win city approval for Midtown’s most ambitious development project — a 1.8 million square-foot,1,600-foot tall tower at 350 Park Avenue, to be developed by a formidable triumvirate of public and private wealth. The seven-month public review process known as ULURP begins on Monday for the team’s request for a relatively … Read more
Boeing lost its way and also lost the trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX jetliner and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said Friday. Duffy also said the Federal Aviation Administration is not yet ready to lift a 38-plane per month … Read more
There are “no guarantees” there will not be a recession in the US, although there could be an adjustment, Treasury Secretary Scott Bessent said in an interview that aired on Sunday. But Bessent, speaking to NBC’s “Meet the Press,” ruled out the chance of a financial crisis. US stock markets closed down sharply last week amid mounting uncertainties arising from … Read more
The Federal Reserve is still expected to cut interest rates this year — but not until the fall — as policymakers weigh the fallout from President Trump’s tariffs on trade partners, according to a survey released Friday. Economist polled by Bloomberg News forecast two quarter-point reductions, with the first expected in September and the second … Read more
“A lot is going wrong” with the housing market right now, but “uncertainty” is the “biggest” problem of all, “Shark Tank” investor Barbara Corcoran told Fox News on Thursday. “There’s great uncertainty, and uncertainty is bad for business,” the Corcoran Group matriarch said while appearing on “America’s Newsroom.” “Uncertainty makes people pause, which is a … Read more