By Daniel Wiessner (Reuters) -A federal jury in San Francisco on Monday ordered Tesla Inc to pay about $3.2 million to a Black former employee after he won a racial harassment lawsuit against the elec[...]
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April 3, 2023
Explainer-Tesla’s legal troubles: what’s next after $3 million race bias verdict?
By Daniel Wiessner (Reuters) – A federal jury on Monday ordered Tesla Inc to pay about $3.2 million to a Black former factory worker who won a lawsuit accusing the electric car maker of tolerati[...]
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AMC stock slumps, ‘APEs’ jump after litigation deal
(Reuters) – AMC Entertainment Holdings Inc shares tumbled 24% in extended trade on Monday, while its preferred shares jumped 21% after the movie theater chain said it agreed to settle litigation[...]
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S&P 500 ends higher as oil stocks rally; Tesla tumbles
By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group’s oil output targets, while Tesla[...]
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JPMorgan may face expanded lawsuit over Jeffrey Epstein ties
By Jonathan Stempel NEW YORK (Reuters) – The U.S. Virgin Islands wants to expand its lawsuit accusing JPMorgan Chase & Co of aiding in Jeffrey Epstein’s sex trafficking in girls and yo[...]
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Virgin Orbit’s near future in “substantial doubt” over cash position – filing
By Joey Roulette WASHINGTON (Reuters) – Richard Branson’s Virgin Orbit Holdings in a U.S. regulatory filing on Monday said there is “substantial doubt” its cash position will a[...]
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US sales at top automakers rise on improving inventory, Toyota struggles
(Reuters) -Top global automakers reported a rise in first-quarter U.S. sales on improving shipments to dealers, with the exception of Toyota Motor Corp, which continued to grapple with parts shortage,[...]
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Apple to cut small number of jobs in some corporate retail teams – Bloomberg News
(Reuters) -Apple Inc is eliminating a small number of roles within its corporate retail teams, Bloomberg News reported on Monday, citing people familiar with the matter. The layoffs would impact what[...]
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American Airlines will cut some New York flights this summer
By David Shepardson WASHINGTON (Reuters) -American Airlines said Monday it will join other major carriers in temporarily cutting some New York City area flights this summer after the Federal Aviation[...]
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