Category: Companies

Americans Tell CEOs: Drop the ‘Woke’ and Get Back to Business

As companies gear up for an economic downturn, cutting costs and staff, CEOs might want to heed the rising voice of consumers who want them to focus on business rather than politics. According to a poll this week of more than 1,000 likely voters by the Trafalgar Group and Convention of States Action (COSA), nearly…


TikTok Expects to Be Subject to Stricter EU Online Content Rules

BRUSSELS—Chinese social media company TikTok is likely to be subject to stricter EU online content rules because its number of active users exceed a threshold set out under the Digital Services Act (DSA), a senior executive at the company said on Wednesday. The landmark rules take a tougher line on very large online platforms, characterizing…


US Probe Finds No Evidence of Tesla Autopilot Use in 2021 Texas Crash

WASHINGTON—A U.S. safety board said Wednesday found no evidence a Tesla Model S was operating on Autopilot during an April 2021 fatal crash, saying the probable cause was the driver’s speeding, alcohol impairment, and failure to control the vehicle. Shortly after the accident in Spring, Texas, local police said they believed the crash occurred with…


Mercedez-Benz Faces Over 300,000 UK Claims Over Diesel Emissions

LONDON—Mercedes-Benz faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped with “defeat devices” to cheat emissions tests. The German carmaker is said to have misled customers about certain diesel vehicles’ compliance with nitrogen oxide (NOx) emissions standards. Mercedes-Benz denies that any defeat devices, which can…


GM Reaches Computer Chip Supply Deal With GlobalFoundries

DETROIT—With the global shortage of semiconductors still crimping U.S auto production, General Motors has signed a deal with chipmaker GlobalFoundries to dedicate part of an upstate New York factory to supply the automaker. In a joint statement from the companies Thursday, Malta, New York-based GlobalFoundries said it will expand production capacity inside its Malta plant…


Walmart Wins Lawsuit Claiming Its Fudge Mint Cookies Lack Fudge and Mint

A federal judge in Chicago has dismissed a proposed class action lawsuit accusing Walmart Inc. of deceiving shoppers by selling Fudge Mint cookies that lacked fudge and mint. Eugene DeMaso, of La Salle, Illinois, said packaging for the cookies sold under Walmart’s Great Value label misled reasonable consumers because the cookies’ “fudge” contained no milkfat…


French Senate to Open Commission of Inquiry Into TikTok

PARIS—The French Senate will open a commission of inquiry into Chinese social media company TikTok to look into its use and strategy of influence, according to a statement from senator Claude Malhuret’s office. The commission of inquiry will aim to shed light on whether TikTok promotes certain content in some parts of the world, excluding…


PREMIERING NOW: Aaron Siri (Part 1): Why Are Vaccine Manufacturers the Most Protected Companies in America?

“When we finally had that data, you got a sense of why they didn’t want the public to have it, because it showed that 7.7 percent of the over 10 million V-safe users reported needing medical care after a COVID-19 vaccine.” Aaron Siri, managing partner at Siri & Glimstad, has led several high-profile lawsuits against…


Aaron Siri (Part 1): Why Are Vaccine Manufacturers the Most Protected Companies in America?

“When we finally had that data, you got a sense of why they didn’t want the public to have it, because it showed that 7.7 percent of the over 10 million V-safe users reported needing medical care after a COVID-19 vaccine.” Aaron Siri, managing partner at Siri & Glimstad, has led several high-profile lawsuits against…


South Korea Fines German Automakers for Rigging Diesel Car Emissions

South Korea officials fined German automakers for colluding to rig diesel car emissions. The country’s antitrust regulator announced the imposition of a fine totaling a combined 42.3 billion won ($33.48 million) on three German automakers for colluding to curb emissions-cleaning technology for their diesel-powered cars, reported Reuters. Mercedes-Benz, BMW, Audi (Volkswagen) were accused of colluding…