Author: WSJ

An official for the U.S. labor-relations agency has accused SpaceX of violating a federal workplace law by firing employees who circulated a letter criticizing founder Elon Musk. The former employees, along with around 400 other SpaceX workers, signed a letter in the summer of 2022 that called Musk’s public statements and behavior embarrassing and distracting. It asked SpaceX management to publicly separate the company from Musk’s personal brand. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Jan. 2, 2024 3:32 pm ETChinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars. BYD reported selling more than 526,000 fully electric vehicles in the fourth quarter of 2023, compared with Tesla’s sales of nearly 485,000 for the same period. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 3, 2024 7:18 pm ETWASHINGTON—Former President Donald Trump asked the U.S. Supreme Court to overturn the decision by Colorado’s highest court that removed him from the state’s 2024 presidential primary ballot because of his actions surrounding the Jan. 6, 2021, riot at the U.S. Capitol.“In the context of the history of violent American political protests, Jan. 6 was not insurrection and thus no justification for invoking Section 3,” Trump’s brief argues, referring to the 14th Amendment provision barring individuals who engaged in insurrection or rebellion after swearing an oath to the Constitution from holding public office.Copyright ©2024 Dow…

Updated Jan. 2, 2024 4:25 pm ETTwo of Juul Labs’ longtime directors—a Hyatt Hotels heir and a venture capitalist—helped bail out the e-cigarette maker when it was on the brink of insolvency.It was a deal that preserved the equity investments of Nick Pritzker and Riaz Valani, cemented their influence over the company and secured them releases from liability in thousands of lawsuits against Juul. Now Juul is fighting a lawsuit from a group of investors alleging that those two directors were looking out for their own interests, not the company’s. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 3, 2024 9:45 pm ETA private gauge of activity in China’s services sector rose to a five-month high in December, in contrast with an official index that remained in contraction.The Caixin services purchasing managers index climbed to 52.9 in December from 51.5 in November, Caixin Media Co. and S&P Global said Thursday. A reading above the 50 mark suggests activity expansion, while a reading below that level indicates contraction.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Bloomin’ Brands has appointed two new members of its board as part of an agreement with activist investor Starboard Value.The Outback Steakhouse owner also said it would form an operating committee on its board to identify potential points of improvement.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 3, 2024 7:54 pm ETA U.S. judge unsealed the names of dozens of people who appeared in testimony or depositions connected to an old lawsuit filed by one of Jeffrey Epstein’s accusers.Where do these names come from?The disclosure in federal court in New York stems from a defamation suit filed in 2015 by Virginia Giuffre against Ghislaine Maxwell, who was later sentenced to 20 years in prison. Giuffre accused Epstein and Maxwell of trafficking her to powerful people including Prince Andrew in the early 2000s when she was a teenager. Maxwell said at her sentencing that meeting Epstein…

Updated Jan. 3, 2024 3:47 am ETAirbus is in talks to buy Atos’s cybersecurity unit, with an indicative offer that values the business at up to 1.8 billion euros ($1.97 billion) including debt.Facing fresh financial constraints, French IT group Atos is revisiting its asset-sale plans nearly a year after the European plane maker’s failed bid to take a minority stake in the Atos division that houses the cybersecurity unit.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Listen to article(2 minutes)The killing of a senior Hamas leader in a suspected Israeli strike marked the biggest hit to the group’s top leadership in years, taking out a key player who was responsible for aligning the Palestinian militant group with Iran and its proxies.Saleh al-Arouri’s killing in a Beirut suburb on Tuesday night is likely to hinder the group’s diplomatic efforts with key partners like Iran but won’t substantially affect the war between Israel and Hamas in Gaza, military analysts said.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Bracken Darrell is trying to engineer a turnaround at the parent company of Vans. Step one was figuring out where it went wrong.