The Latest Dirty Word in Corporate America: ESG
Following years of investor backlash, a number of business leaders are now making a conscious effort to avoid the once widely used term.
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China Detains a Top Executive at Evergrande’s Electric-Vehicle Unit
Updated Jan. 8, 2024 5:07 am ET The bad news keeps coming for China Evergrande and its investors. A top executive of the beleaguered property company’s electric-vehicle business has been detained as part of a criminal investigation, adding to Evergrande’s mounting problems. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Post Office scandal explained: What the Horizon saga is all about
The Post Office had prosecution powers and, between 1999 and 2015, it prosecuted 700 sub-postmasters and sub-postmistresses – an average of one a week – based on information from a computer accounting system called Horizon. Another 283 cases were brought by other bodies including the Crown Prosecution Service.
New York’s Attorney General Is Ordering The Black Lives Matter Foundation To Stop Operating Until It’s Transparent With Donations
Employees at hundreds of companies also raised money for the Black Lives Matter Foundation. Some 200 companies, including Apple, Google, and Nordstrom, raised $4 million for the Black Lives Matter Foundation between May 31 and June 5 using Benevity, a popular corporate fundraising platform. Benevity founder Bryan de Lottinville told BuzzFeed News that over the…
Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes
Shares of Boeing tumbled 8% on Monday as investors digested the news that the Federal Aviation Administration had ordered airlines to ground dozens of Boeing 737 Max 9 aircraft for urgent inspections. The FAA issued the order on Saturday after a door plug blew out in the middle of an Alaska Airlines flight on Friday when the…
The Auto Workers Strike Just Hit Ford Where It Hurts
The United Auto Workers union announced Wednesday that its nearly four-week strike against the “Big Three” automakers was expanding to Ford’s truck plant in Kentucky. Roughly 8,700 union members work at the Louisville facility producing the company’s Super Duty trucks as well as the Ford Expedition and Lincoln Navigator SUVs. The walkout Wednesday marks the…
Why LEDs haven’t yet cut energy use for lighting
Marmax Products in County Durham recycles plastic to make outdoor furniture such as picnic tables. Last year, the firm finally made the switch from incandescent bulbs to LED lighting in its warehouse and offices. “We felt that, because of our product range, we were doing our bit,” says Dave Johnson, general manager. It was an…
