Boeing shares slipped on Monday as the planemaker grapples with an ongoing strike and a ballooning threat to its bottom line.  Chief Financial Officer Brain West, in a letter to employees, outlined the risks facing the company while also announcing a hiring freeze as well as a delay in pay hikes for salaried workers. Read his memo to Boeing's rank and file below.  Ticker Security Last Change Change % BA THE BOEING CO. 156.07 -0.69 -0.44% BOEING CEO'S CONTROVERSIAL HOME PURCHASE Memo to Boeing Employees Te ...

Core Points - Home Depot is ordered to pay nearly $2 million to settle a civil claim from California district attorneys for overcharging customers [1][5] - The company allegedly engaged in false advertising and unfair competition by charging prices higher than the lowest advertised or posted price [1] - A "scanner violation" occurs when the price on the item does not match the scanned price at the point-of-sale [1] Settlement Details - Under the court order, Home Depot is barred from false or misleading advertising and from charging more than the lowest posted price [4] - The company must implement a price accuracy program that includes more audits and training, and it will eliminate price increases on weekends [4] - Home Depot is required to pay $1.7 million in civil penalties and $277,251 in costs and restitution [5]

Factory workers at Boeing will walk off the job Friday after members voted late Thursday evening in favor of a strike, according to a report. "This is about respect, this is about addressing the past, and this is about fighting for our future," said Jon Holden, who headed the negotiations for International Association of Machinists and Aerospace Workers (IAM), Boeing's largest union, Reuters reported.He then announced roughly 30,000 workers who produce Boeing's 737 MAX and other jets on the U.S. west coast ...

The CEO of Goldman Sachs weighed in on Vice President Harris' comments during Tuesday night's presidential debate in which she touted the investment bank's analysis of the benefits of her economic plan, saying the Democrat nominee made the report seem like a bigger deal than reality shows. "I am offering what I describe as an opportunity economy, and the best economists in our country, if not the world, have reviewed our relative plans for the future of America," Harris said during the debate. "What Goldman ...

Apple and Google were both handed separate defeats Tuesday in their defenses against the European Union's efforts to rein in the dominance of major tech firms. The EU's top court, the European Court of Justice, sided with the bloc's executive arm, the European Commission (EC), in a case that requires Apple to pay some $14 billion in back taxes to Ireland. The high court also upheld a $2.7 billion fine against Google for alleged antitrust violations.  Ticker Security Last Change Change % AAPL APPLE INC. 220. ...

Core Viewpoint - The Campbell Soup Company is planning to change its name to The Campbell's Company to better reflect its diversified portfolio while maintaining brand recognition built over 155 years [1][2]. Group 1: Name Change - The company intends to adopt the name The Campbell's Company as part of its evolution and transformed portfolio [1]. - CEO Mark Clouse emphasized that the name change retains the company's iconic recognition and reputation [1]. Group 2: Growth Strategy - The name change requires shareholder approval and was announced alongside updates on the company's growth strategy [2]. - The company aims to drive growth through 16 leadership brands across its snacks, meals, and beverages segments [2].

Starbucks CEO Brian Niccol is focused on fixing the company's U.S. business within his first 100 days on the job, which includes making stores more comfortable for customers and improving workforce morale.  "We’re making investments in technology that enhance the partner and customer experience, improve our supply chain and evolve our app and mobile ordering platform," Niccol said in a letter to Starbucks staff, otherwise known as partners. "This is our plan for the U.S., and where I need to focus my time i ...

Core Points - Hewlett Packard Enterprise (HPE) is pursuing legal action to recover up to $4 billion in damages from the estate of the late British tech entrepreneur Mike Lynch, who recently passed away [1] - The damages sought by HPE are linked to a civil case involving fraud claims against Lynch related to Autonomy, a company he co-founded, which Lynch has denied [1] - A UK judge ruled in 2022 that HPE is a victim of fraud committed by Lynch and his co-defendant Sushovan Hussain, reinforcing HPE's responsibility to recover damages for its shareholders [3] Legal Context - HPE's legal efforts are a continuation of actions stemming from a civil case against Lynch, emphasizing the company's commitment to its shareholders [1][3] - The tragic circumstances surrounding Lynch's death and the sinking of his yacht do not alter the legal findings regarding the fraud claims against him [3]

Information leaked from the Walt Disney Company earlier this summer includes passport numbers of cruise line workers, revenue generated from Disney+ and Genie+ (now Lightning Lane) and guest data. Back in July, Nullbulge – a self-proclaimed Russia-based hacktivist group that advocates for artists' rights – uploaded 1.1 terabyte of Disney data to the internet from the media giant's internal Slack channels.Slack is a messaging app for business used by many major companies, especially as work shifted to hybrid ...

Aerospace giant Boeing is facing a new challenge in the form of a potential strike by 32,000 workers that could begin this month if the company and union are unable to reach an agreement. Boeing's contract with the International Association of Machinists (IAM) is set to expire on Sept. 12, and the union's members, who build planes at Boeing facilities in the state of Washington, have threatened to go on strike if their demands aren't met.In mid-July, the union's members approved a strike authorization vote ...