People complain more than usual about air travel

People complain more than usual about air travel

Complaints about air travel have nearly quadrupled from pre-pandemic levels after waves of cancellations, delays and lost luggage disrupted the travel plans of millions of travellers. Travelers filed 60,732 complaints from January 2022 to November, according to a new report from the US PIRG Education Fund, a public interest research group that reviewed US Department … Read more

‘I just think you’re wrong’: Democrats and Schultz tangle in Starbucks union-busting hearing

‘I just think you’re wrong’: Democrats and Schultz tangle in Starbucks union-busting hearing

On Wednesday, senators questioned former Starbucks CEO Howard Schultz over widespread allegations of illegal union-busting tactics at the coffee chain under his leadership. Democrats on the Senate Health, Education, Labor and Pensions Committee questioned Schultz about his role in the company’s decision to fire pro-union baristas and close union stores, among other efforts that sparked … Read more

Credit Suisse helps ultra-wealthy Americans evade taxes: Senate panel

Credit Suisse helps ultra-wealthy Americans evade taxes: Senate panel

Comment this story Comment Credit Suisse, the troubled Swiss bank recently acquired by a rival, helped ultra-wealthy Americans hide millions in assets to evade taxes, breaching a 2014 plea deal with US authorities, a report has reached. Senate panel in a report released Wednesday. The finance committee’s findings, the result of a two-year investigation, “underscore … Read more

The stocks that move the most at noon: LULU, MU, CCL, CALM

The stocks that move the most at noon: LULU, MU, CCL, CALM

A view of a Canadian sportswear retailer’s Lululemon logo seen in one of their stores. Alex Tai | light flare | Getty Images Check out the companies making headlines on Wednesday at noon. Lululemon – Shares of the activewear company soared more than 13% after the company reported strong holiday quarter earnings and revenue that … Read more

Twitter gets subpoena forcing GitHub to unmask source code leaker – Ars Technica

Twitter gets subpoena forcing GitHub to unmask source code leaker – Ars Technica

Enlarge / Twitter headquarters in San Francisco on February 8, 2023. Getty Images | Anadolu Agency Twitter has obtained a subpoena requiring GitHub to provide identifying information about a user who posted portions of Twitter’s source code. Twitter on Friday asked the U.S. District Court for the Northern District of California to issue a subpoena … Read more

Carl Icahn wants ex-Illumina CEO “immediately” back

Carl Icahn wants ex-Illumina CEO “immediately” back

Carl Icahn told the Wall Street Journal that biotech company Illumina should bring back its former CEO “immediately.” The activist investor’s remarks are the latest in a proxy battle with Illumina over the company’s $7.1 billion acquisition of cancer test developer Grail in 2021. Flatley led the company for 17 years before being replaced by … Read more

Lululemon’s untimely acquisition of Mirror is now nearly worthless

Lululemon’s untimely acquisition of Mirror is now nearly worthless

It becomes clear that Lululemon (LULU) has burned around $500 million in social capital through the untimely purchase of connected fitness platform Mirror. Buried in Lululemon’s earnings release on Tuesday night — which was broadly strong and sent shares higher on Wednesday morning — was a $442.7 million fourth-quarter after-tax impairment charge related to the … Read more