Judge denies $20M severance deal for AMR CEO A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
Hostess Wins Approval for Asset Sales Hostess Brands won permission to sell off the last of its major cake and bread assets, raising total sale proceeds from the baking company's liquidation to about $860 million. More
Corzine strategy led to MF Global collapse: trustee Jon Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee. More
Analysis: Stockton and San Bernardino, a tale of two bankruptcies Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke. More
Lawmakers demand to know why millions of dollars meant to reward front-line VA workers went to senior managers Some lawmakers are attacking the Department of Veterans Affairs for giving out more than $10 million in bonuses to senior VA managers that were meant for front-line employees at hospitals, clinics and ... 06/3/2024 - 8:58 am | View Link
The Hyundai Palisade CalligraphyBenjamin Zhang/Business InsiderThe Hyundai Palisade is a mid-size, three-row family SUV that's available with all-wheel-drive. I recently reviewed a fully-loaded Palisade SUV in Calligraphy trim. I was blown away by the Palisade's premium cabin, smooth engine, and advanced tech. The Hyundai Palisade is one of the most popular and critically acclaimed three-row family SUVs on sale today.
Howard Schultz. Spencer Platt/Getty ImagesFormer Starbucks CEO Howard Schultz sat down for a three-hour interview on the Acquired podcast. He revealed new facts about Starbucks' early days, and warned the business is on a bad path. Schultz spoke about meeting Bill Gates Sr., Steve Jobs, Costco's bosses, and Bernard Arnault.
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Yemen's Houthi rebels raise their weapons. Mohammed HamoudTwo cargo ships sailing near Yemen caught fire after being hit by projectiles. The missiles are suspected to have been fired by Houthi rebels. Houthis have been targeting ships to pressure Israel and the West over the war in Gaza. Two cargo ships traveling off Yemen's southern port city of Aden caught fire after being hit by projectiles suspected to have been fired by Houthi rebels, UK maritime agencies reported.
Cape Town, South Africa. UCGA universal basic income has wide support in South Africa. And South Africa's government just pledged to make universal basic income a reality. South Africa is ranked one of the worst countries for income inequality. South Africa suffers from severe income inequality — one of the worst anywhere in the world.
A NovaTech flyer that New York's attorney general says was used to recruit Haitian immigrants into a pyramid scheme. Supreme Court of the State of New York, New York CountyNew York Attorney General Leticia James has filed a lawsuit against crypto platform NovaTechFx. The lawsuit claims the company defrauded thousands, targeting immigrant and religious communities.