Remington Arms Co.’s Model 700
What does a gun company do when it has a top selling product with a trigger defect that’s causing accidental deaths? Nothing, apparently, for decades. That’s the story of Remington Arms Co.’s Model 700 series rifle, which CNBC reports had a defective firing mechanism since it was invented almost 70 years ago.
Yahoo has agreed to add new language to its privacy policy in order to settle a class-action lawsuit alleging that it wrongly scans email messages for advertising purposes, according to court papers filed on Thursday. The proposed settlement also requires the company to make some technical changes to the way it scans emails, but doesn’t require Yahoo to stop surrounding emails with ads. The …
Another songwriter has sued streaming music service Spotify — accusing the company of “wholesale copyright infringement” — in an escalation of the ongoing battle over online royalties and licensing. A complaint filed Friday on behalf of Newburyport, Mass.-based artist Melissa Ferrick accused the digital music giant of using her music without properly licensing her work, marking the second …
“I don’t care,” Anna said, as she screwed up a brown paper bag that had contained a steak and black bean Chipotle burrito. “If I die, I die.” Anna, who had wolfed down her lunch in a Manhattan branch of the fast food chain, said she would continue to visit Chipotle at least twice a week despite the Mexican grill chain having been struck by outbreaks of E coli and norovirus that left more than …
A month ago, Yahoo announced that its board of directors had unanimously decided to suspend work on the pending plan announced earlier last year to spin off Yahoo’s remaining holdings in Alibaba. It said the board would now evaluate “alternative transaction structures to separate the Alibaba stake, focusing specifically on a reverse of the previously announced spin transaction.” It went on to …
The lawsuits, each filed by individual artists in a US federal court in Los Angeles, ask a judge to create a class-action suit in which other alleged victims can collectively seek damages. The latest lawsuit was filed Friday by Melissa Ferrick, the Massachusetts-based indie folk singer who teaches at the prestigious Berklee College of Music and rose to prominence as Morrissey’s last-minute …
Culture is a powerful force that can cause people to make decisions that aren’t in their companies’ best interests. And when the status quo doesn’t allow for honest internal communication, businesses can end up facing disaster. Consider what happened with Volkswagen’s “no-failure” culture and its emissions-test scandal.
During his nearly two-decade run as CEO of Abercrombie & Fitch, Mike Jeffries peddled what he described as an aspirational, all-American lifestyle. In reality, Abercrombie’s idea of what its ideal customer looked like was extremely narrow. “Jeffries was particularly interested in his brand representing a very specific kind of person,” said Heather Arnet, the head of the Women and Girls Foundation.
Uber wants you to believe it’s emerged as the global leader in the world of on-demand rides. To be sure, some signs do already point to that: it’s raised more than $10 billion in venture funding, and the company’s worth a reported $62.5 billion. Still, it would be shortsighted to assume Uber has the edge in every aspect of the fight, especially in one of the biggest battlegrounds for ride- …
Last week, 6,000 workers of a Pennsylvania company achieved a small victory. A federal judge ruled that their employer, American Future Systems Inc., has to pay up for making them clock out for bathroom breaks. The company will have to put out about $1.75 million in back pay and damages for forcing employees to clock out at offices in Pennsylvania, New Jersey, and Ohio between July 2009 and …