Archives

Ex-Senator William McCann Sentenced to Prison for Campaign Fraud and Tax Evasion

Ex-Senator William McCann Sentenced to Prison for Campaign Fraud and Tax Evasion

Former Illinois state senator and gubernatorial candidate William "Sam" McCann was sentenced to 3.5 years in federal prison for fraudulent use of campaign funds and money laundering.


Archegos Founder Bill Hwang Found Guilty of Securities Fraud

Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions.

Australian State Requires Retailers to Close for Anzac Day, Retailers Slam Decision

The Australian state of New South Wales announced that general retail trade would be closed for the entirety of April 25 every year in commemoration of Anzac Day.

Elon Musk Wins the $500 Million Severance Lawsuit Filed by Terminated Twitter Employees

Elon Musk was held not liable for failing to pay at least $500 million in severance to thousands of Twitter employees he laid off after buying the firm.


Latest News

Chinese Report Claims Fuel Trucks Used to Transport Cooking Oil
Chinese authorities are reviewing an investigative report which alleged the practice of using fuel tankers to carry cooking oil, rocking the country into a major food safety scandal.
Intuit Slashes 1,800 Jobs in AI-Focused Overhaul of Operations
Intuit announced it will lay off 1,800 employees as part of an AI-focused reorganization, with plans to rehire at least that many in fiscal 2025.
New CNN CEO Mark Thompson Lays Off 100 Employees in Major Restructuring Effort
CNN's new CEO Mark Thompson initiated his first major restructuring effort by laying off 100 employees, marking a significant move as he attempts to revitalize the struggling cable channel.
UK Supreme Court Rules Against British Airways, Paving Way for Massive Compensation Claims
The UK Supreme Court's ruling against British Airways on flight delays entitles passengers to compensation for cancellations due to staff illness, potentially benefiting tens of thousands annually.
California Raw Milk Linked to Largest Salmonella Outbreak in a Decade, Records Reveal
A newly disclosed state report reveals that raw milk from Raw Farm in Fresno, California, has been linked to the largest salmonella outbreak in a decade, sickening at least 165 people.
Californian Fast-Food Employees May Earn $20/Hour Wage but Franchisees Cut Work Hours
California franchisees are cutting employee hours and raising prices in response to a new law raising the minimum wage for fast food workers to $20 per hour, while workers see mixed impacts.
Chinese Firm Under Fire For Confining Employee in Dark Room to Make Him Resign
Guangzhou Duoyi Network Co. Ltd confined an employee, Liu Linzhu, to a dark room without power or communication for four days to pressure him into resigning.
Microsoft Faces Backlash Over iPhone-Only Policy That Bans China Staff from Using Android Phones
In China, Microsoft employees were banned from using Android phones and were forced to use iPhones only as a device, sparking social media backlash due to overreliance on foreign technologies.
Ozempic, Wegovy Weight Loss Drugs See High Dropout Rate Within Two Years Due to Cost and Effectiveness
A US pharmacy study found that most patients prescribed Wegovy or Ozempic for weight loss discontinue their use within two years.
Former SpaceX employee alleges a "frat boy" culture at the company, where colleagues joked about being drunk while overseeing rocket launches and described pervasive casual sexism.
  66 67 68 69 70 71 72 73 74