Maersk Line agreed to a settlement offered by the US Labor Department in relation to an alleged retaliatory termination of a container ship seaman who revealed questionable practices and potential safety concerns onboard the company’s vessels.
Industry
ASX Starts Strong This Week Due to Inflation
The Australian Stock Exchange (ASX) began its trading week strong after stocks based in the United States finished last week on the red, with investors continuing to bet that the Reserve Bank of Australia (RBA) would start cutting interest rates by September.
Payments Giant Stripe Acquires Lemon Squeezy for Undisclosed Amount
The payments company Lemon Squeezy announced that it has been acquired by competitor and industry giant Stripe for an undisclosed amount.
American Airlines Offers $4.2 Billion in Pay Increase for Flight Attendants to Avoid Strike
American Airlines agreed to allot $4.2 billion worth in pay and benefits to its flight attendants after agreeing on a tentative deal.
Murdoch Empire Family Feud Could Upend the Media Industry, Possibly End Fox News
Rupert Murdoch argues that his other children would likely neutralize his media empire's right-leaning views if they get control of the assets when he passes away.
Latest News
The lawsuit argued that the merger would eliminate the existing competition between the supermarket chains and harm shoppers and workers in Colorado.
The study also found that the massive layoffs within the past year were because not enough employees quit in response to the RTO mandates.
The produce products were distributed to Adi, Kroger, and Walmart stores in 17 US states. Wiers Farm, a major farm and food distributor based in Ohio, has recently expanded a recall of its produce products due to a potential listeria contamination.
Airlines were the hardest hit companies, $0.86 billion in total due to the outage. Insurers are now beginning to calculate the financial damage caused by CrowdStrike's faulty software update and the subsequent global tech outage, and the estimates currently surpass $1 billion.
Delta CEO Ed Bastian arrived in Paris on Wednesday morning as the airline struggled with a five-day meltdown that led to the cancellation of thousands of flights.
The company said it had assets and liabilities worth between $1 billion to $10 billion. Conn's HomePlus, a 134-year-old retailer of furniture and electronics, has recently filed for bankruptcy and announced plans to close more than 70 stores nationwide.
The firm said the testing program used to validate security updates missed "problematic content."
Tesla CEO Elon Musk said that the company would be delaying the launch of its long-awaited robotaxi service on Oct. 10, around two months after the planned date.
A Pennsylvania-based federal judge ruled to decline calls to block bans on noncompete agreements issued by the Federal Trade Commission, which was a divergence from an earlier decision at a Texas counterpart earlier this month.
