It’s easy to jump to the conclusion that the bankruptcy filing of Yellow Cab of San Francisco — located in the hometown of both Uber Technologies Inc. and Lyft Inc. — is due to the fierce competition from the heavily financed ride-hailing app companies. But the reality is a bit more nuanced. Ultimately, the Chapter 11 bankruptcy filing of Yellow Cab of San Francisco on Friday is actually a …
Mom moved my two sisters and me to the appropriately named town of Flushing on the outskirts of Flint, Michigan, in 1980. My dad had just been killed in a plane crash, and she reasoned my Flint uncle would serve as a surrogate father. That didn’t happen; he was a good man, but he had two boys of his own.
Phoenix-based mining giant Freeport-McMoRan has endured a riches-to-rags turnaround. Things might stay depressed for a while longer. Freeport-McMoRan(Photo: Courtesy of Freeport-McMoRan)
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Three years ago, the roughly 4-percent dividend yield paid by Freeport-McMoRan Inc. looked like a pretty good deal — and plenty safe.
Buy Photo Director Keith Creagh said staffers should have insisted on applying corrosion controls two years ago. (Photo: Steve Perez / The Detroit News)Buy Photo Even with the state’s faulty interpretation of federal law, Michigan environmental officials should have moved to install corrosion controls in Flint’s water system no later than December 2014, when tests first revealed dangerous lead …
Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami/NSF) – The Florida Supreme Court this week declined to hear an appeal in a potentially far-reaching case about the way local governments administer red-light camera programs. The City of Hollywood asked justices to hear the case after the 4th District Court of Appeal ruled in October that the city violated state law by relying on a …
BOSTON (AP) — A decade after a group of smokers from Massachusetts sued Philip Morris USA to try to force the cigarette maker to pay for lung cancer screenings, the case will finally be heard by a jury. Smokers in the class-action lawsuit allege Philip Morris manufactured a defective cigarette knowing it could have made a safer product with fewer carcinogens. The closely watched case heads to …
A group of production assistants are going after behemoth Paramount, claiming they were forced to take dumps in their cars while working on some of the studio’s highest-grossing blockbusters. The class action lawsuit was filed by 4 NYC based P.A.s, who say they began working for the studio in 2010 and put in mega hours for films like ‘TMNT,’ ‘Wolf of Wall Street,’ “Noah,” and “Transformers: …
NEW YORK The organizers of the New York City Marathon have been sued by two runners who said the use of a lottery to decide who gets to race in the world’s largest marathon is illegal. In a proposed class-action lawsuit filed on Thursday in the U.S. District Court in Manhattan, Utah residents Charles Konopa and Matthew Clark said the nonprofit New York Road Runners Inc violated New York’s …
The University of San Diego’s Children’s Advocacy Institute is asking a federal appellate court to reconsider its recent decision upholding Facebook’s $20 million “sponsored stories” settlement. The watchdog, which is part of the law school’s Center for Public Interest Law, says the settlement will empower Facebook to “capture, rearrange and republish” posts by children. “It allows capture of …
VCs have pumped up the value of the “unicorn” startups. Now tech IPOs are in trouble. Good luck getting out.