USA Gymnastics CEO Kerry Perry plans to apologize to the victims of Larry Nassar in her opening statement of a testimony she will give before a House subcommittee on Wednesday. The subcommittee released Perry's five-page opening statement on Tuesday. "First, I want to apologize to all who were harmed by the horrific acts of Larry Nassar," Perry's statement reads in part.
U.S. crude oil stockpiles climbed unexpectedly last week as net imports jumped, while gasoline stocks also posted a surprise build, the Energy Information Administration said on Wednesday. Crude inventories ...
As the case dragged on, Frank reduced his claim to $10 million and the litigants ultimately agreed to settle for $4.85 million. But under the agreement, Avenatti's firm would be liable for the full $10 million if he failed to pay the settlement, according to court records. "Michael Avenatti's law firm entered into a crystal clear written settlement agreement to resolve a prior lawsuit brought by Jason Frank, his former law partner," Eric George, an attorney for Frank said in a statement. "The settlement agreement was approved by a federal court and was a condition of his law firm exiting bankruptcy. Under this settlement, Mr. Avenatti's law firm was required to pay Mr. Frank $4.85 million, all
LOS ANGELES/NEW YORK (Reuters) - Ten women who work at McDonald's restaurants in Detroit, Chicago, Los Angeles and six other cities have filed sexual harassment complaints in the past few days with the federal government against the company and its franchisees, which they said ignored or retaliated against them for such complaints. The complaints, filed with the U.S. Equal Employment Opportunity Commission (EEOC), are the latest effort by the union-backed Fight for $15 to have McDonald's designated a "joint employer" of workers at McDonald's franchises and thereby liable when its franchisees violate labor laws.
CEOs have always earned much more than the average worker — but a new report highlights just how large that pay gap has become. This is the first year that businesses are required to disclose the ratio of CEO pay to median worker pay in their annual proxies, due to a provision of the Dodd-Frank financial reforms passed during the Obama administration. The AFL-CIO's annual Executive PayWatch database, released Tuesday, compiled that data and shows that in many cases, the pay for top executives is hundreds — or even thousands — of times that of the median worker at their companies. "This year's report provides further proof of America's income inequality crisis," AFL-CIO Secretary-Treasurer Liz Shuler said in a statement.
The banking industry is having a very good year. The Federal Deposit Insurance Corporation announced Tuesday that America's banking sector hit a new record high of $56 billion in net income in the first quarter of 2018. Some of this, they say, was attributable to last year's tax cut bill, which gave banks a substantially lower effective tax rate. But even without the tax change, net income would have been $49 billion, which also would have been a record. Meanwhile, the US House of Representatives is set this afternoon to pass a bill rolling back some of the Obama-era financial regulations that were imposed in the wake of the 2008 financial crisis. This is a mostly Republican initiative, but the
The Democratic communications consultant who volunteered as the spokesperson for the family of Seth Rich, the slain Democratic National Committee staffer whose unsolved murder became the basis for conspiracy theories, filed a lawsuit on Monday against a media organization and three individuals who he alleges peddled false claims about him. The consultant, Brad Bauman, filed the lawsuit in US District Court for the District of Columbia. It is the latest in a string of legal action taken against publications and individuals who pushed unfounded claims and theories about Rich's death. The lawsuit seeks both monetary relief and court-ordered solutions, known as injunctive relief, asking for "false and defamatory materials to be removed from any websites over which defendants have control." It named as defendents Matt Couch, a fringe internet activist; America First Media, Couch's media company; Ed Butowsky, a wealthy Texas businessman; and Howard Gary Heavin, the co-founder of Curves International.
A former software engineer at Uber Technologies Inc [UBER.UL] filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides an early test of Uber's new policy allowing people claiming sexual harassment and sexual assault to pursue their claims in court, rather than be forced into arbitration. In her complaint, Avendano said that while working for Uber from Feb. 2014 to June 2017, she experienced a "male-dominated work culture, permeated with degrading, marginalizing, discriminatory, and sexually harassing conduct toward women." Avendano said men would openly discuss who they wanted to have sex with and share explicit content in instant messaging, while some made inappropriate comments about her appearance.
U.S. tech companies can finally breathe easy as Treasury Secretary Steve Mnuchin says that the U.S.-China trade conflict has been put on hold.
Back on May 11, when the most vivid impressions of the carnage of gun violence were still coming from Parkland, Fla., the conservative TV commentator S.E. Cupp defended the gun industry with a tweet stating that the industry had "created 91,000 jobs over the past 5 years." She added, "That's people, not profits."