Former GameStop Corpemployee Trevon Mack prosecuted the video game retail company in a proposed class-action lawsuit for allegedly violating New York Labor Law, the Polygon reports. Mack and his lawyer asserted that GameStop workers qualify as “manual laborers,” suggesting that 25 percent of their jobs require manual labor, like organizing stockrooms, moving packages, and standing for…
GameStop Faces Class Action Lawsuit For Alleged Breach Of Labor Law—Read Why
TSMC Weighs Multi-Billion Dollar Chip Plant Investment in Singapore
Taiwan Semiconductor Manufacturing Company Ltd explored building a semiconductor factory in Singapore to help address a global supply shortage, the Wall Street Journal reports. TSMC studied the feasibility of production lines that would make 7- to 28-nanometer chips widely used in cars, smartphones, and other devices. The cost would run into the billions of dollars. The…
Class Of 1997: 25 Years Decades After Their IPOs, Where Are These Companies Now?
Delivering on a promise is a tough proposition, and to consistently deliver requires excellence on all fronts. When companies offer their shares to the public in the form of an IPO, they do so by touting their financial strength, balance sheet solidity, market opportunity, strong competitive positioning, an efficient management team, viable strategy and resilience…
Here Are 7 Signs Your Business Needs Custom Software Development
Traditionally, a business was operated manually with all its operations managed in a pile of papers; then came the era of computers, and business functioning became more effortless than ever with excel sheets and documents. However, globalization has pushed companies to expand their horizon and potential. The increasing market trends, technological innovations, and immense competitor…
Stock Wars: Dollar General Vs. Dollar Tree
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector, with the goal of determining which company is the better investment. This week, the duel is between a pair of discount retail chains: Dollar General Corp (NYSE:DG) and Dollar Tree, Inc. (NASDAQ:DLTR). The Case For Dollar General This company began in October 1939…
Yellen: Not Legal for US to Seize Russian Official Assets
May 20, 2022
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Business & Economyeconomic policieseconomyEuropeJanet YellenMarketsRussia-Ukraine WarRussianUSUS NewsWorld
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BONN, Germany—The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over ways to make Russia foot the bill for Ukraine’s post-war reconstruction are starting. Yellen also said it is likely that…
H&M Reaches $36 Million Settlement With New York Over Unused Gift Cards
NEW YORK—H&M will pay $36 million to settle accusations that the fashion retailer illegally kept millions of dollars in gift cards that customers never used, New York Attorney General Letitia James said on Thursday. The Swedish company, whose full name is H&M Hennes & Mauritz AB, will pay $28.26 million to the state and $7.74…
Apple Faces Lawsuit Over Allegedly Forcing Workers to Attend Anti-Union Speeches
Apple, Inc. seems to have ruffled the feathers of the largest union of communication workers in the U.S. even as it strives to win over its retail store employees. What Happened The tech giant has gone against the spirit of the federal labor law by forcing store employees to attend anti-union speeches, the Communications Workers of…
Aussie Firm Likely to Lose Major Lithium Mine to Web of Chinese Interests: Advisory
May 20, 2022
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Asia & PacificAustraliaAVZ MineralsBusiness & EconomyChinaChina Business & EconomyChina-Australia RelationsCompaniesDemocratic Republic of CongoInternationalInternational RelationslithiumWorldZijin Mining
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Hedge fund research firm Boatman Capital says Australian miner AVZ will likely lose control of the valuable Manono lithium project in Africa to a coordinated web of Chinese interests. On May 20, Boatman released its analysis of the troubled Manono Lithium and Tin Project in the south of the Democratic Republic of Congo—estimated to contain…
Abbott Baby Formula Plant in Michigan on Track to Reopen in 1–2 Weeks
WASHINGTON—Abbott Laboratories and the Food and Drug Administration (FDA) are on track to reopen Abbott’s baby formula manufacturing plant in Sturgis, Michigan, within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supplier of powder infant formula, including Similac, on Monday agreed with the FDA on steps needed to…
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