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X Hit With Trademark Lawsuit by Marketing Agency
X Corp., formerly known as Twitter, was sued in federal court in Florida Monday by a legal-marketing company that claims the social media giant's new name infringes its trademark incorporating the letter "X."
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GM, Stellantis Face $9.5B in US Fuel Economy Fines
The proposal by President Joe Biden's administration to hike fuel economy standards through 2032 would cost General Motors $6.5 billion in fines and Chrysler parent Stellantis $3 billion, according to a letter from an industry group seen by Reuters.
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GM Furloughs Another 160 Due to UAW Strike
General Motors said Monday it was indefinitely laying off about 160 workers at plants in Indiana and Ohio because of the impact on some of the facilities of the United Auto Workers strike that was entering its 18th day.
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McDonald's, Wendy's Defeat Lawsuit Over Burger Size
McDonald's and Wendy's have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers.
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Musk Under Fire for Meme Mocking Zelenskyy
Elon Musk has been criticized for posting a meme referring to Ukrainian President Volodymyr Zelenskyy with a caption mocking aid for the country. Musk posted a version of the "frustrated boy meme," according to the Kyiv Post...
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Microsoft CEO: Google Mobile Search Argument 'Bogus'
Microsoft chief executive Satya Nadella Monday took the witness stand in the U.S. Justice Department's once-in-a-generation antitrust fight with Alphabet's Google.
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2 COVID Vaccine Tech Scientists Win Nobel Prize for Medicine
Hungarian scientist Katalin Kariko and U.S. colleague Drew Weissman, who met in line for a photocopier before making mRNA molecule discoveries together that paved the way for COVID-19 vaccines, won the 2023 Nobel Prize for Medicine on Monday.
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UAW, Mack Trucks Reach Deal to Avoid Strike
About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks just before midnight Eastern Standard Time (0400 GMT) on Sunday, the union and the company said.
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Biden Avoids Shutdown: 'Sick' of Brinkmanship
President Joe Biden on Sunday pressed congressional Republicans to back a bill to provide more aid to Ukraine, saying he was "sick and tired" of the political brinkmanship that nearly led to a government shutdown.
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Apple Identifies Issues Causing iPhone 15 Overheating
Apple on Saturday said it has identified a few issues which can cause new iPhones to run warmer than expected, including a bug in the iOS 17 software which will be fixed in an upcoming update.
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Ford, UAW Clash as Union Expands Strikes
Ford Motor Chief Executive Jim Farley blasted United Auto Workers leaders Friday, saying they were holding up a new U.S. labor agreement hours after the UAW escalated the strike that is now in its third week, with the companies and workers far apart on their demands.
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United Airlines Pilots Fly High With $10B Contract
Pilots for United Airlines have ratified a new four-year contract that their union says is worth more than $10 billion.
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Credit Suisse Sheds Nearly 13% of Workforce
Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by cross-town rival UBS in a state-engineered rescue earlier this year.
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UAW Makes New Counter Proposal to Stellantis
The United Auto Workers made a new counter-proposal to Chrysler-parent Stellantis Thursday, just one day before the union is set to strike additional Detroit Three automotive facilities without serious progress in ongoing labor negotiations.
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Nike Beats Estimates as Higher Pricing Pays Off
Nike topped Wall Street estimates for first-quarter profit Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures.
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US Sues Tesla for Allegedly Harassing Black Workers
A U.S. civil rights agency sued Tesla Inc. Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant.
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UAW Counters Chrysler-Parent Stellantis' Offer
The United Auto Workers made a new counter-proposal to Chrysler-parent Stellantis Thursday, just one day before the union is set to strike additional Detroit Three automotive facilities without serious progress in ongoing labor negotiations.
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Uber, DoorDash Lose Bid to Block NYC Minimum Wage
A New York state judge Thursday rejected a bid by Uber Technologies Inc., DoorDash Inc. and Grubhub Inc. to block New York City's novel law setting a minimum wage for app-based delivery workers.
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Fortnite Maker Tightens Belt With Layoffs
Epic Games, maker of the highly popular Fortnite video game, said Thursday it is cutting its workforce to save money but will continue spending on its legal battle over Apple and Google app stores.
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Ex-Goldman Analyst Charged With Insider Trading
U.S. prosecutors Thursday announced criminal insider trading charges against a former Goldman Sachs and Blackstone analyst and two friends over a scheme to trade on nonpublic information about planned mergers and strategic partnerships.
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Tesla Trial Over Autopilot Fatality Kicks Off in California
Opening statements are set to begin Thursday in the first U.S. trial over allegations that Tesla's Autopilot driver assistant feature led to a death, and its results could help shape similar cases across the country.
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GameStop Names Billionaire Ryan Cohen CEO
GameStop on Thursday named Ryan Cohen as its CEO and chairman, giving the billionaire activist investor more power to spearhead a turnaround of the video game retailer.
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Meta Unveils Facebook-Stream Ray-Bans, AI Assistant
Meta Platforms Chief Executive Mark Zuckerberg Wednesday rolled out a new generation of Ray-Ban smart glasses that can stream directly on Facebook, as well as new AI products for consumers and an updated virtual-reality headset.
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Anti-family Fare May Seal Disney's Fate
Disney CEO Bob Iger should have stayed in retirement. These are not good days for the former family-friendly entertainment giant. He can only blame himself. When he left in 2021 as CEO, he passed the baton to Bob Chapek, but he never really retired. He shadowed Chapek,...
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Hyundai, Kia Recall 3.4 Million US Cars Due to Fire Risks
Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. and telling owners to park them outside due to the risk of engine compartment fires.