Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive. “During my tenure as CEO, I failed at times to uphold …
Read More »Robert Fehring of Long Island charged with mailing shooting and bomb threats to LGBTQ+ organizations
A 74-year-old man in Long Island was charged Monday for allegedly mailing threats to “assault, shoot, and bomb” members of the LGBTQ+ community and affiliated organizations, according to the U.S. Attorney’s Office for the Eastern District of New York. Robert Fehring is accused of sending at least 60 threatening letters …
Read More »Millions of borrowers will have to start paying federal student loans again. Senators want to know if servicers are ready.
Millions of people will have to start repaying their federal student loans — deferred during the coronavirus pandemic — in just two months. A group of Democratic senators wants to know if four of the servicers that manage those loans are ready to support those borrowers, many of whom will …
Read More »Nissan to invest $17.6 billion over next five years on proprietary battery development
Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years on developing a less expensive yet more powerful battery to boost its electric vehicle lineup. Makoto Uchida, the Japanese automaker’s chief executive, said 15 new electric vehicles will be available by fiscal 2030. Nissan …
Read More »Biden releasing oil from Strategic Petroleum Reserve to help lower gas prices
President Biden on Tuesday announced a plan to release oil from the Strategic Petroleum Reserve (SPR), in coordination with other countries, as part of efforts to tamp down high gas prices facing American consumers with the busy Thanksgiving holiday and travel season beginning. The Department of Energy will release 50 …
Read More »Miramax sues Quentin Tarantino over his plans to sell “Pulp Fiction” NFTs
Miramax is suing director Quentin Tarantino over his plans to sell seven non-fungible tokens based on his 1994 film “Pulp Fiction.” The Hollywood studio argues that Tarantino would be violating the copyrights it holds for the film. On November 2, Tarantino announced his plans to sell the digital collectibles based …
Read More »Here’s what is in the infrastructure bill that could get high
Melissa Roach pays $120 per month for internet at her home in Saint Louis County, Minnesota — and it is not always reliable. Amid the pandemic, her family had been scheduling time to be on the computer for it to work. And the best time to upload photos? The middle …
Read More »Massachusetts student charged after allegedly knocking principal unconscious
A 16-year-old student was arraigned Thursday on assault and battery charges after allegedly knocking her school’s principal unconscious and attacking another staff member, CBS Boston reports. The principal of the Boston school, Patricia Lampron, was hospitalized but later released. Investigators said the incident began after a Henderson Upper Campus staff …
Read More »Senate Democrats again fail to overcome GOP opposition to voting rights bill
Washington — If at first you don’t succeed, make Republicans vote again. That’s the strategy Senate Majority Leader Chuck Schumer appears to be pursuing as the New York Democrat forced another test vote Wednesday on legislation to overhaul the nation’s election laws. For the fourth time since June, Republicans blocked …
Read More »“Transformative” $1.75 trillion spending bill will help drive inflation down, Yellen says
Washington — Treasury Secretary Janet Yellen predicted Thursday that President Biden’s $1.75 trillion social spending and climate change package will help drive prices lower and get Americans back to work as the United States continues its rebound from the COVID-19 pandemic. In an exclusive interview with CBS News chief White …
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