Takata filed for bankruptcy amid “the largest and most complex safety recall in U.S. history,” according to the National Highway Traffic Safety Administration (NHTSA). Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple…
John Mayer and movie director McG have agreed to buy the Jim Henson Company Lot, a legendary studio in Hollywood founded by Charlie Chaplin. Singer-songwriter Mayer occupies an office on the lot and has been working for months to buy it from the family of the famed Muppets creator, according to a real estate industry…
Radio and podcast giant iHeartMedia has laid off 13 employees at KFI-AM (640), cutting the news staff of the Los Angeles radio station in half. KFI-AM (640) news director Chris Little, who was among the terminated staff members, revealed Tuesday on X that his team of 25 was reduced to 12. Little joined the station…
Olive oil prices are about to dip. The largest producer of olive oil plans to slash prices in half now that the weather-fueled crisis that has caused the “liquid gold” to skyrocket in recent months appears to be over. Harvests in southern Europe are slowly recovering from a prolonged period of extreme weather and drought,…
President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as Energy secretary in a second Trump administration WASHINGTON — President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration. Wright, CEO of Denver-based Liberty…
The operator of Pizza’s Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget. The money could come from a sale of part of the business, or new investment from existing shareholders. It comes amid…
In the world of no-fee and low-fee brokers, Robinhood is the leader, but it’s facing increasingly stiff competition from an upstart known as Webull, founded by one of the top executives from Chinese-based e-commerce giant Alibaba. And it’s Webull’s ties to China — seen increasingly as a US adversary — that could pose a major roadblock…
LIMA, Peru — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years. The 21 leaders from…
LAS VEGAS — A walkout by hundreds of hospitality workers at a casino near the Las Vegas Strip entered its second day with union members willing to undergo the financial hardships of being out of work as they wait for a new contract. The work stoppage launched Friday at Virgin Hotels Las Vegas is the…
Intimacy coordinators have unanimously elected to unionize under the Screen Actors Guild-American Federation of Television and Radio Artists. Members of the bargaining unit voted 100% in favor of unionization in an official election overseen by the National Labor Relations board, the union announced Tuesday. Intimacy coordinators are the professionals who help actors navigate scenes involving…
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