Dec 06 Watch 6:05 Largest-ever strike by higher education workers disrupts University of California classes The largest strike of the year in the U.S. and the largest strike in higher education ever is in its fourth week. The battle is playing out at the University of California over fair compensation for graduate students, teaching assistants… Continue watching
Dec 06 Trump Organization found guilty of tax fraud in scheme hatched by top executives By Michael R. Sisak, Associated Press Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the former president’s business. Continue reading
Dec 06 Facebook parent Meta threatens to remove news from platform if Congress requires company to pay for material By Associated Press Facebook parent Meta Platforms says it will be forced to consider removing news content from its platform if Congress passes legislation that could require social media companies to pay news outlets. Continue reading
Dec 06 Japan, Belgium to cooperate in semiconductor production, development By Mari Yamaguchi, Associated Press A newly founded Japanese semiconductor company aiming to revive Japan's chip industry has signed an agreement to collaborate with a Belgian research organization in developing next-generation chips for production in Japan. Continue reading
Dec 06 Black farmers sue government for promised federal aid By Scott McFetridge, Associated Press A class-action lawsuit says the federal government has illegally broken a promise to pay off the debts of Black farmers. The group hopes to put pressure on officials to restore funding that was dropped after a group of white farmers… Continue reading
Dec 05 Investors pressure railroads to add sick time for workers By Josh Funk, Associated Press The major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike. Continue reading
Dec 05 U.S. stocks slide as investors weigh economic data, continued inflation fight By Damian J. Troise, Alex Veiga, Associated Press Stocks are broadly lower on Wall Street as investors weigh a surprisingly good economic report that highlights the Federal Reserve's difficult fight against high inflation. Continue reading
Dec 05 European Union implements Russian oil price cap to limit Kremlin war chest By David McHugh, Associated Press The impact may be blunted because Russia has been able reroute much of its European seaborne shipments to China, India and Turkey, although at steep discounts. Plus, the price cap is near what Russian oil already cost. Continue reading
Dec 03 Rail workers say quality-of-life concerns not resolved under deal imposed by Congress By Josh Funk, Associated Press President Joe Biden signed a bill Friday to block a strike and force workers to accept the agreements union leaders made in September, even though four of the 12 unions — which include a majority of rail workers — voted to reject them. Continue reading
Dec 02 Los Angeles City Council unanimously votes to ban oil and gas drilling By Drew Costley, Associated Press The vote comes after more than a decade of complaints from city residents that pollution drifting from wells was affecting their health. Los Angeles was once a booming oil town, but many of its oilfields are now played out. Continue reading