Author: Press Room
Starbucks wrote a letter to the union saying it hopes to have a contract with unionized workers next year.The coffee chain and Workers United have been battling for two years. At least 370 company-owned U.S. Starbucks stores have voted to unionize, per the NLRB. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Starbucks said Friday it’s committed to bargaining with its unionized workers and reaching labor agreements next year, a major reversal for the coffee chain after two years fighting the unionization of its…
The US law professor who masterminded the litigation strategy that led to a $206bn settlement from Big Tobacco is backing a class-action lawsuit against sports betting operator DraftKings over an “unfair and deceptive” promotional offer.The lawsuit, filed in the Massachusetts Superior Court on Friday, alleged that the US company, which operates the second most popular sports betting app, “knowingly and unfairly designed” a $1,000 sign-up bonus with the aim of misleading new customers into joining the platform to “maximize” the money wagered. Two Massachusetts residents are plaintiffs in the class action.The case is funded by the Public Health Advocacy Institute…
© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo BRUSSELS (Reuters) – EU countries and lawmakers are close to clinching a provisional deal on rules governing the use of artificial intelligence and an announcement could come in the next hour, people with direct knowledge of the discussions said on Friday. The two sides together with the European Commission, which proposed the rules two years ago, had been locked in negotiations since 0800 GMT, after having failed to find consensus during a nearly 24-hour debate the previous…
© Reuters. J.Jill Inc. (JILL) delivered a positive surprise in its third-quarter earnings report of 2023, outperforming market expectations with stronger-than-anticipated sales and adjusted EBITDA. The company’s success was attributed to the robust performance of its core product lines, particularly sweaters and woven items, and the growth of new customers, primarily through its direct sales channel. Despite these gains, J.Jill noted a slowdown in sales growth, citing customer caution and broader economic uncertainty. The retailer also launched a new point-of-sale system and is in the process of updating its order management system, signaling its commitment to technological investment. Looking ahead,…
TPG RE Finance Trust 6.25% Series C Preferred Stock declares $0.3906 dividend
Hunter Biden held nothing back during a recent podcast appearance, blasting his critics as “motherf—ers,” and casting himself as a victim while claiming Republicans were trying to kill him in order to destroy his dad’s presidency.The podcast episode of Moby Pod was published Friday, and was recorded in Hunter’s art studio in San Francisco. The more than an hour-long discussion eventually turned to Biden’s recovery from drug addiction and how he openly shared details of his struggles in his memoir, “Beautiful Things.”Podcast co-host Lindsay Hicks told Biden there was “real beauty” in how “vulnerable” he was in the memoir by…
Some student-loan borrowers have been placed on administrative forbearance as servicers work to resolve errors.Servicer Aidvantage said borrowers have 90 days to request a refund on payments made during forbearance.The Education Department recently instructed all servicers to offer refunds to impacted borrowers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Some student-loan borrowers have 90 days to get a refund on payments made since October.The federal student-loan payment pause ended in September once interest started accruing again on borrowers’ balances, with bills starting to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If you ever see me, in any forum, recommending that people should buy crypto, then one of two things has happened. Either someone has created a deep fake of me, or I have been kidnapped. In the latter scenario, “buy crypto” would be my secret distress signal. Call the cops.Nonetheless, it is hard to ignore the startling rally in bitcoin. Trust me, I’ve tried. Somehow, despite a swirling hellfire of regulatory aggression and legal strife afflicting several of the key institutions in…
© Reuters. An Israeli soldier looks on from a Merkava tank while operating in a location given as Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in this handout picture released on December 7, 2023. Israel Defense Forces/Han By Humeyra Pamuk WASHINGTON (Reuters) – The Biden administration has asked Congress to approve the sale of 45,000 shells for Israel’s Merkava tanks for use in its offensive against Hamas in Gaza, according to a U.S. official and a former U.S. official. The request is being made even as concerns grow about the use of U.S. weapons…
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