A former engineer’s claims of sexism at Uber is apparently only the tip of a much deeper problem inside the company’s culture, according to a scathing report published on Wednesday. Another Uber manager allegedly groped co-workers’ breasts during a Las Vegas company retreat that featured cocaine-sniffing employees and a joyride in an employee-commandeered shuttle bus, the report claims.
Category: Law
Scott Pruitt’s emails reinforce his coziness with the very…
After a close Senate vote on Friday, Scott Pruitt ascended from the position of frequent critic of the Environmental Protection Agency to become its boss. Up until the last minute before the vote, Democrats objected to the former Oklahoma Attorney General’s confirmation.
‘It saved my life’: Talk of Obamacare repeal worries addicts
In a Wednesday, Feb. 1, 2017 photo, Tyler Witten peers through a window at the Sanibel House, a residential addiction center in Catlettsburg, Ky. Witten, a former opioid addict, has gone through an addiction program and now works as a weekend staffer at the house.
Trump’s new EPA chief barely mentioned the environment in…
Scott Pruitt, the Environmental Protection Agency critic who recently took over the agency as part of the Trump administration, gave his first address in his new position Tuesday. The former Oklahoma Attorney General mentioned “important, monumental issues with respect to our future and our environment,” but avoided a number of issues central to the EPA’s mission – such as air and water protection, cleanups, public health, and environmental monitoring.
Obamacare launched a new wave of start-ups. Now they’re bracing for what’s next.
Four years ago, Noah Lang saw an opportunity in Obamacare. With an eye toward the millions of people set to purchase health insurance on their own for the first time, the 29-year-old Silicon Valley entrepreneur founded a start-up, Stride Health, that helps them compare and choose between plans – and do it all from a smartphone.
Will your pension be there when you need it?
Members of the International Brotherhood of Teamsters and supporters rally outside the Capitol in Washington. Millions, including these protesters, are at risk of losing their retirement savings if the Pension Benefit Guaranty Corporation becomes insolvent.
How The Department Of Labor Organized Against Andrew Puzder
A Senate committee will begin hearings this week on the confirmation of Donald Trump’s nominee for labor secretary, fast-food magnate Andrew Puzder. And like most Trump cabinet nominations, Puzder is controversial.
SEC Fines Morgan Stanley For Unsuitable Sales Of Inverse ETFs
The Securities and Exchange Commission settled charges with Morgan Stanley Smith Barney on Tuesday, fining the firm $8 million for selling unsuitable ETF products to customers and not obtaining proof the clients understood the risks involved with purchasing inverse ETFs. Morgan Stanley admitted its wrongdoing.
Aetna, Humana Abandon $37 Billion Merger Blocked by Judge
Aetna Inc. ended its $37 billion takeover of Humana Inc., after deciding not to appeal a ruling by a federal judge who blocked the health insurers’ combination on antitrust grounds. The companies came to a mutual agreement to terminate the deal, and Aetna will pay Humana a $1 billion breakup fee, or about $630 million after taxes.
U.S. Swaps Regulator Postpones Enforcement for Collateral Rule
The U.S. Commodity Futures Trading Commission says it will give swaps dealers more time to comply with collateral requirements scheduled to take effect March 1, aiming to ease concerns that global markets could face disruptions without a transition period. In a no-action letter issued Monday, the CFTC said that from March 1 through Sept.
Billionaire Co-Founder Calls Off Battle With Infosys’ Board
Billionaire Narayana Murthy is calling off his fight with the board of Infosys Ltd., saying he’s confident the IT giant he co-founded will deal with the concerns raised about corporate governance. The conciliatory comments came after an intense confrontation that pitted the board, Chairman R. Seshasayee and Chief Executive Officer Vishal Sikka against a clutch of high-profile co-founders led by Murthy.
Insider Q&A: Duke University expert James Cox on SEC future
President Trump has named Jay Clayton, a Wall Street attorney who worked on mergers and IPOs, to head the Securities and Exchange Commission. Last week Trump ordered a review of the 2010 Dodd-Frank law, which reshaped regulation of the banking industry after the financial crisis.
A Potential $20 Billion Indication? 2 Must-Have Biotechs Taking on Alzheimer’s Disease
Alzheimer’s disease is a terrible illness which affects an estimated 5.4 million Americans today. Alzheimer’s is also the 6th leading cause of death nationally.
What The Travel Ban Would Mean For Victims Of Human Trafficking
Trump’s orders could prevent trafficking victims in the U.S. from claiming the benefits they need to repair their lives. The president’s executive order barring citizens from seven Muslim-majority countries has caused a lot of chaos over the last two weeks.
Greenberg Says – Disgraceful’ Legal Case Destroyed Great Firm
Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, lambasted the New York State attorney general’s office after admitting that he approved two reinsurance deals that regulators have called fraudulent. shadow of what it was , people lost millions of dollars, billions of dollars.
Hain Celestial Shares Drop After Disclosing SEC Investigation in Friday News Dump
In a regulatory filing late Friday, Hain Celestial Group disclosed that it’s being investigated by the Securities and Exchange Commission for its accounting practices, sending shares down 3.5%, to $38.53, in after-hours trading. The filing stated that the SEC has “issued a formal order of investigation” and subpoenaed Hain for “relevant documents” after being informed in August of the delay of its fourth quarter earnings release.
Why Acorda Therapeutics Stock Is Jumping Today
The drugmaker’s stock is moving higher this morning in response to the news that its inhaledParkinson’s disease drug, CVT-301, hit the mark in a late-stage trial. According to the press release, patients receiving CVT-301 exhibited astatistically significant improvement in motor function whenexperiencing off periods compared to those taking a placebo.
Trump vs Nordstrom: The latest bout raising ethical concerns
In this May 13, 2016 file photo, the Nordstrom logo is displayed above the post where it trades on the floor of the New York Stock Exchange in New York. Nordstrom shares sunk after President Trump tweeted that the department store chain had … treated his daughter Ivanka “so unfairly” when it announced last week that it would stop selling Ivanka Trump’s clothing and accessory line.
Humana surprises in 4Q; will talk next steps with Aetna
Humana topped most expectations for the fourth quarter and said that next week it will detail both its outlook for the year and the next step in its proposed acquisition by Aetna. A federal judge rejected Aetna’s bid last month due in part to the potential impact on competition.
Microsoft Adds Patent Suit Protections For Cloud Customers
Microsoft Corp. will help cloud customers fend off patent lawsuits and expand coverage of related litigation costs, seeking to distinguish its services from rivals in the fast-growing market for internet-based computing. As more companies host their applications and services on Microsoft’s Azure and other cloud providers, they are increasingly becoming the target of lawsuits from companies seeking to make money by claiming patent infringement.
Why Crisper Therapeutics Tumbled 12.4% in January
However, ongoing uncertainty about who owns the rights to this intellectual property may have contributed to shares slipping12.4% last month,according to S&P Global Market Intelligence . Crisper Therapeutics is one of a small group of new biotech start-ups that are researching CRISPR-Cas9, an approach that could potentially reshape disease caused by genetic mutation.
Trump’s Executive Order Could Cost Retirement Portfolios Big Time
Last Friday, the president sent out a mandate that could hurt long-term investors. Here is what happened and how to protect savings.
What Trump’s Action on Advisor Rule Means for Retirement Savers
The future of the fiduciary rule , which was intended to benefit retirement savers, is in doubt after President Donald Trump called for its review Friday just two months before it was to go into effect. to be fiduciaries, meaning they must act in the best interests of their clients over their own.
Snapchat Files Paperwork Ahead of Long-Awaited Public Listing
The popular messaging app on Thursday filed its S-1 SEC paperwork, one of the first steps in its much-awaited IPO process. Snap Inc. , the parent company of popular messaging app Snapchat, today officially filed its paperwork with the Securities and Exchange Commission.
Resolution to Scrap Oil and Gas Anti-Bribery Rule Is Moving Swiftly Through Congress
A resolution to scrap an anti-bribery rule that affects oil, gas and mining companies is quickly making its way through Congress. A resolution to scrap an anti-bribery rule that affects oil, gas and mining companies is quickly making its way through Congress.
Cigna’s Profit Beats Estimates
Cigna, which is awaiting a ruling on the U.S. government’s lawsuit to block its acquisition by Anthem, reported a better-than-expected quarterly profit, helped by strength in its commercial business. Cigna’s results come a day after Anthem said it expected to break even or make a small profit in the Obamacare individual market in 2017 even as it considers pulling out of that business next year.
Side effect kills cancer patient in Stemline drug trial — Feuerstein
Stemline’s SL-401 has demonstrated robust overall tumor response rates in its clinical trial but the drug is also now tied to three patient deaths from capillary leak syndrome. Investors who bought into a $45 million Stemline Therapeutics stock offering on Jan. 19 were not told that one day prior to the financing, a cancer patient in a clinical trial died from a severe side effect, a type of low blood pressure, tied to the company’s drug SL-401.
Where Will Northern Dynasty Minerals Be in 10 Years?
There is one minor detail, though: It hasn’t done much mining. That’s because the U.S. Environmental Protection Agency nixed the company’s plans to develop the Pebble Project in Alaska in 2014 after ruling that it could threaten the world’s largest sockeye salmon fishery.
Valero Energy Works Through a Tough Operating Environment to Churn Out Profits
Revenue and earnings were in line with expectations as a weak refining environment and high compliance costs continued to weigh on decent operations at the company level. The one thing that was different, though, was a recent announcement from its subsidiary partnership, Valero Energy Partners , that shows a change in strategy.
Tuesday night deadline for ‘Obamacare’ coverage
Overnight Tuesday is the deadline to sign up for coverage under the federal health care law. Even if the ultimate fate of “Obamacare” is uncertain, there’s been no change for this year.
Claims coal-fired plant polluted river: Utility on trial
Environmental groups said in court Monday that the Tennessee Valley Authority is essentially storing toxic ash from an aging Tennessee coal-fired power plant in a colander, letting pollutants seep into a major river in violation of the Clean Water Act. In the bench trial that began Monday in federal court in Nashville, TVA responded that the Tennessee Clean Water Network and Tennessee Scenic Rivers Association can’t prove the federal utility is polluting the water supply in violation of the law or its permits at the Gallatin Fossil Plant, 40 miles outside Nashville.
Better Buy: Inovio Pharmaceuticals vs. Incyte Corp.
Over the same period, shares of Incyte Corp. have risen a healthy 49.6% on the back of several intriguing developments. Both companies have catalysts to look forward to.
Weighing The Lesser-Known Risks Of Talking Politics At Work
Can you get fired for airing your political beliefs in the office? What about on social media? The answers can get complicated. In the days after the election, conversation shifted at work from upcoming projects to the outcome.
The Chronological History of How Qualcomm Became the Most Powerful Apple Supplier Ever
This was not a pleasant relationship — at least according to Apple. Instead, this relationship was skewed significantly in favor of Qualcomm, and there wasn’t a whole lot that Apple could do since the iPhone fundamentally relies on cellular connectivity.
The Chronological History of How Qualcomm Became the Most Powerful Apple Supplier Ever
This was not a pleasant relationship — at least according to Apple. Instead, this relationship was skewed significantly in favor of Qualcomm, and there wasn’t a whole lot that Apple could do since the iPhone fundamentally relies on cellular connectivity.
What Is the FICA Tax, and Why Do I Have to Pay It?
If you’ve ever received a paycheck from your employer, you’ve probably felt a sense of accomplishment and disappointment all at once. The accomplishment comes in the form of the cash that’ll be flowing into your bank account, whereas the disappointment comes from the realization that you may owe quite a bit of tax on the wages you’ve earned.
Week One of Go to Hell, America
Trump issued largely unconstitutional global gag order on international NGOs providing women’s health care and family planning services Froze all research grants for, and issued gag order on the EPA, with promise to defund and destroy agency that provides invaluable research and protects water supply, air quality, everyday life, the planet itself.
Vice President Pence promised to stop taxpayer-funded abortion…
Addressing the 44th annual March for Life on Friday, Vice President Mike Pence declared that it was a new day for anti-abortion activists in America. “This administration will work with Congress to end taxpayer funding for abortion and abortion providers, and we will devote those resources to health care services for women across America,” Pence told the crowd of thousands gathered on the National Mall.
Union membership down nearly 40 percent in Wisconsin
Union membership in Wisconsin has declined nearly 40 percent since legislation was passed that gutted collective bargaining for public workers, according to federal data. The percentage of public and private workers who were union members was about 8 percent, or 219,000 people, in 2016, down by 136,000 members from 2010 levels, according to the U.S. Department of Labor.
Union membership down nearly 40 percent in Wisconsin
Union membership in Wisconsin has declined nearly 40 percent since legislation was passed that gutted collective bargaining for public workers, according to federal data. The percentage of public and private workers who were union members was about 8 percent, or 219,000 people, in 2016, down by 136,000 members from 2010 levels, according to the U.S. Department of Labor.