Supreme Court rejects GM bid to block ignition switch suits
General Motors Co's (GM.N) bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the U.S. Supreme Court refused to hear its appeal claiming the suits were barred by the No. 1 American automaker's 2009 bankruptcy. The justices declined to review a 2016 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that rejected GM's bid to block customer lawsuits related to crashes and diminished vehicle value be..>> view originalBeyond Sexual Harassment, Lesser Known Scandals Could Cost The Murdochs A $14B Deal
Rupert Murdoch, center, and his sons Lachlan, left, and James Murdoch attend the 2014 Television Academy Hall of Fame in Beverly Hills, Calif. Dan Steinberg/AP hide caption toggle caption Dan Steinberg/AP Rupert Murdoch, center, and his sons Lachlan, left, and James Murdoch attend the 2014 Television Academy Hall of Fame in B..>> view originalPanera to hire 10000 as it expands delivery service
Panera Bread plans to hire 10,000 workers and more than double the number of its restaurants that deliver. The jobs will include both delivery drivers and in-store workers to prepare the food. The company offered delivery at about 15% of its locations as of the end of last year. Panera expects to expand to 35% to 40% of stores by the end of this year. "In many places across the country, all that's available for delivery is pizza or Chinese food," said Panera (PNRA) CEO and founder Ron S..>> view originalTravelers, Why Video May Be Your Secret Weapon To Better Customer Service
American Airlines was the latest big carrier to make headlines with an onboard incident, after a flight attendant was filmed allegedly striking a mother with a stroller while trying to wrest it from her. The airline reportedly promptly announced an internal investigation, suspended the flight attendant, and upgraded the family in question to first class for the remainder of the flights on their international trip, compensation likely valued in the five figures. Before this, it was United Airlin..>> view originalJimmy Choo on the Block as Owner Trades Luxury for Coffee
Photo The spring 2017 collection by Jimmy Choo, shown in Milan last September. Credit Calogero Russo for The New York Times Is coffee a better business than fashion?The Reimann family, the reclusive German consumer goods billionaires who control JAB Holding, seems to think so.On Monday, the luxury shoe brand Jimmy Choo, in which JAB owns a 67.6 percent stake, announced that it was putting itself up for sale. JAB acquired the brand in 2011 for 540 million pounds, or $800..>> view originalCEO resigns after firm admits paying armed groups in Syria
The chief executive of the world's largest cement maker will resign after the firm admitted to making payments to armed groups in Syria. Eric Olsen will step down as CEO of LafargeHolcim in July after an internal investigation found that managers at the company's plant in Syria made indirect payments to armed groups in 2013 and 2014 in order to keep the facility open. Olsen denied that he was involved in making the payments. "While I was absolutely not involved in, nor even aware of, an..>> view originalBecton's $24 Billion Bard Purchase Caps String of Acquisitions
For more than a century, medical devices company Becton, Dickinson & Co. got by without any major acquisitions. That’s changed dramatically under Chief Executive Officer Vincent Forlenza, who is turning out to be a serial dealmaker.The company late on Sunday said it had forged its largest deal ever by agreeing to buy C.R. Bard Inc. for $24 billion to combine two of the world’s biggest health-care suppliers. That marks the 12th acquisition since Forlenza took the helm of the Franklin Lakes, New ..>> view originalFrench election result gives markets a start-of-week lift
FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. Stocks are opening sharply higher on Wall Street, Monday, April 24, 2017, following gains in Europe, as investors hoped that France was not heading for an exit of the euro. Banks and industrial companies led the way higher in U.S. markets early in the day. (Richard Drew, File/Associated Press) By Stan Choe | AP By Stan Choe | AP April 24 at 10:19 AM N..>> view originalChina Just Gave Perhaps Its Strongest Response Yet to Trump's Steel Probe
Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.The article was the strongest official response yet to U.S. President Donald Trump on Thursday launching an investigation of China and other steel producers for dumping cheap steel products into the United States."By proposing an unjustified investigation into steel import..>> view originalPPG Makes 3rd Offer for Its Paint Rival Akzo Nobel
Photo PPG’s chief executive, Michael H. McGarry, left, and the company’s chief financial officer, Vincent J. Morales, last month in Amsterdam, where Akzo Nobel is based. Credit Robin Van Lonkhuijsen/Agence France-Presse — Getty Images LONDON — PPG Industries, an American paint and chemicals giant, again raised its takeover bid for Akzo Nobel, the Dutch maker of Dulux paint, on Monday, hoping to persuade its rival’s management to engage in merger talks.Akzo Nobel, which ..>> view original
Tuesday, June 13, 2017
Supreme Court rejects GM bid to block ignition switch suits and other top stories.
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