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.
Industry
Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
Under Prop 22, drivers for Uber and Lyft are not entitled to benefits such as overtime pay and paid sick leave.
Taco Bell Will Give away Freebies and Stanley Cups for Baja Blast’s 20th Anniversary Celebration
Taco Bell's Bajaversary celebration will kick off on July 29 with a free drink offer to all customers.
Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
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.
Albertsons, Kroger Pauses Planned $25 Billion Merger Pending a Ruling in a Colorado Court Lawsuit
The lawsuit argued that the merger would eliminate the existing competition between the supermarket chains and harm shoppers and workers in Colorado.
Latest News
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.
A whistleblower complaint accused OpenAI of preventing staffers from speaking to regulators about the potential risks of AI technology.
The Federal Trade Commission has ordered eight companies to provide information the agency said was offering products and services that use personal data to set prices based on a shopper’s individual characteristics.
Elon Musk previously established a super PAC to help support Donald Trump's presidential campaign.
The self-driving car units are now in service in Metro Phoenix, San Francisco, Los Angeles, and Austin.
