Tag: law
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Manchin threatens to sue US Treasury over EV tax credit rules
WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he could go to court after the US Treasury Department released guidelines on battery procurement for electric vehicle tax credits later this week. “If it goes off the rails” and goes against the intent of climate legislation passed in August, “I […]
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Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse
March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading after the report. If losses continue through the session, the stock could post its […]
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Buc-ee plans first location in Virginia
Buc-ee’s, the Texas-based supermarket chain that has developed a cult following since its founding in 1982, is looking to open a New Kent County branch, the company’s first in Virginia. The New Kent County Economic Development Authority has announced plans for a 74,000-square-foot store with 120 gas stations, 557 parking spaces, 24 Tesla charging bays, […]
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Ericsson fined $206 million for violating Justice Department bribery agreement
Photo: Mark Schiefelbein (AP) Swedish multinational technology giant Ericssond guilty this week of bribery and agreed to pay Department of Justice $206 million dollars. Federal prosecutors accused Ericson’s endearing in a longrunning an international corruption scheme that involved bribing and falsifying government officials defeated, and failure to enter proper account controls. Ericsson had a chance […]
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Walgreens will not provide abortion pills in some Republican states
March 2 (Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Thursday it will not provide abortion pills in the states of 20 Republican attorneys general who have told the pharmacy chain it risks breaking the law if it meets the law states provided by mail. The decision comes after the U.S. Food and Drug […]
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Starbucks CEO Schultz may be ordered to testify at the U.S. Senate labor hearing
WASHINGTON, March 2 (Reuters) – U.S. Senator Bernie Sanders declined Thursday to backtrack on calls for Starbucks Corp. (SBUX.O) interim Chief Executive Officer Howard Schultz, who steps down this month, to testify at a hearing on compliance with labor law. Starbucks reiterated Thursday that it has no plans to send Schultz to a U.S. Senate […]
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AI-illustrated comic Zarya of the Dawn loses major copyright lawsuit
Image: Half way through the journey When Kris Kashtanova tried to copyright their comic book Zarya of the dawnTThe United States Copyright Office originally granted them the rights. Later the temp agency posted the book for review due to Kashtanova’s social media, where they said they produced it Pictures the habits AI image generator Half […]
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Hy-Vee suspends employee discounts due to ‘significant’ differences, plans to revamp program
Hy-Vee has suspended its employee discount program and plans to renew it in mid-April after the company uncovered instances of fraud and abuse. The program originally launched in 2019 and allowed a Hy-Vee employee and a member of their household to purchase retail items at a 10% discount. The program was suspended Monday following allegations […]