In a banking scheme very similar to the Wells Fargo scandal, Fifth Third, a large regional bank in Ohio is accused by the CFPB of opening fraudulent accounts to drive stock price https://www.nytimes.com/2020/03/09/business/fifth-third-fraudulent-accounts.html For more MORE
On the surface it seems an odd partnership: a prominent member of a secretive Utah polygamist sect and the Armenian immigrant owner of a prosperous chain of Southern California truck stops. But testimony in the MORE
Yet he’s not charged with any criminal violations… Source: The U.S. government announced Thursday that former Wells Fargo CEO John Stumpf has been banned from ever working at a bank again and will pay $17.5 million for scandals in MORE
CNN: Some people are receiving text messages, disguised as a FedEx notification, that show a supposed tracking code and link to “set delivery preferences.” FedEx Takes Unprecedented Step To Warn Customers On Twitter About MORE
A new coalition of conservative groups launched Wednesday to sink a bipartisan proposal in Congress to end the “surprise” medical bills some patients get. The “Coalition Against Rate-Setting” will air ads against the proposal, which would ban providers MORE
Schlumberger lays off 1,400 amid surgical cuts to restore profitability in U.S. shale Source: Schlumberger, the largest oil field services company, said Friday it lost $10.1 billion in 2019, laid off 1,400 workers in the MORE
Labor Department replaces Obama-era ‘joint employer’ standard Source: WASHINGTON — The Labor Department issued a final rule Sunday that clarifies when a worker is employed by more than one company, an issue that affects franchise MORE
Occidental starting widespread layoffs in Houston and beyond Occidental Petroleum is initiating a broad layoff effort this week that will stretch from Houston to Denver as the Permian Basin’s leading oil producer aims to cut MORE
KANSAS CITY, Mo. — Hallmark Cards Inc. will cut about 400 jobs worldwide, including 325 at its headquarters of Kansas City, Missouri, the company said Monday. Hallmark will offer buyouts before turning to layoffs. The MORE
“It was scary to be called into a meeting like that, and then to be given a follow-up email saying that if I continued to speak up, I could be fired. But I spoke up MORE
Nike’s new “True to 7” shoe with former NFL quarterback Colin Kaepernick has already sold out on the first day of its North American release, according to the company’s website. “This Air Force 1 season, Nike partnered with MORE
Remember when Wing Nut World accused Alexandria Ocasio-Cortez for “Amazon’s decision to pull out of a deal to establish a headquarters in Long Island City?” Friday The Hill reported: Amazon said it had signed a new lease MORE
Twenty-one years after founding Google in a messy garage in Menlo Park, California, Larry Page and Sergey Brin have stepped down from day-to-day management of the company to assume the role of “proud parents – offering advice MORE
The California Department of Motor Vehicles is generating revenue of $50,000,000 a year through selling drivers’ personal information, according to a DMV document obtained by Motherboard. DMVs across the country are selling data that drivers MORE
President Trump suggested Friday that he might veto legislation designed to support pro-democracy protesters in Hong Kong — despite its near-unanimous support in the House and Senate — to pave the way for a trade deal with China. MORE
Chick-fil-A announced Monday they will no longer donate to the Salvation Army and Fellowship of Christian Athletes (FCA) because both organizations have been quite intolerant towards the LBGTQ community and very critical of same-sex marriage. The MORE
New Jersey has demanded that Uber pay $649 million for years of unpaid employment taxes for its drivers, arguing that the ride-hailing company has misclassified the workers as independent contractors and not as employees. The MORE
Lordstown Motors said it will build the Endurance electric pickup using components licensed from Workhorse. The Endurance is designed for fleet sales, the company said, and is a lightweight, all-wheel drive vehicle with a low center of gravity. MORE
From its strips of perfectly measured packing tape to the minute-long breaks it metes out to its workers, the company operates with unprecedented efficiency. It would be wonderful if Amazon didn’t fight worker efforts to MORE
U.S. farm bankruptcies in September surged 24% to their highest level since 2011 amid strains from President Trump’s trade war with China and a year of wild weather. Growers are also becoming increasingly dependent on MORE
New York (CNN Business) The slow death of the American coal industry has forced Murray Energy, the largest private coal miner in the United States, to file for bankruptcy protection Tuesday.Murray Energy’s bankruptcy has been MORE
The Federal Aviation Administration is demanding answers from Boeing after receiving a 2016 electronic message exchange in which a test pilot talks of unknowingly having lied to regulators and discloses “egregious” problems with the flight control system MORE
In September, Billy Foister, a 48-year-old Amazon warehouse worker, died after a heart attack at work. According to his brother, an Amazon human resources representative informed him at the hospital that Billy had lain on the floor MORE
President Trump will host next year’s Group of 7 meeting next June at Trump Doral, his luxury resort near Miami, the president’s acting chief of staff, Mick Mulvaney, told reporters on Thursday. “It’s almost like MORE
Stop me if this sounds familiar: For most American workers, real wages have barely budged in decades. Inequality has skyrocketed. The richest workers are making all the money. Earnings for low-income workers have been pathetic this entire MORE