Investments and Business

Amazon fined nearly  million over warehouse labor quotas

Amazon fined nearly $6 million over warehouse labor quotas

An Amazon spokesperson said in a statement that the company is appealing the sanctions and denied that the company used "fixed quotas." Spokeswoman Maureen Lynch Vogel said that “individual performance is evaluated over an extended period of time, compared to the performance of the entire site team” and that workers can “review their performance whenever they wish.” . California law also prohibits quotas that interfere with employees' ability to take mandatory breaks or use the bathroom, or that prevent employers from following state health and safety laws. Experts said the law was among the first in the country to regulate…
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Disney’s Splash Mountain will reopen with a Princess Tiana theme

Disney’s Splash Mountain will reopen with a Princess Tiana theme

Tiana's Bayou Adventure uses the same trails as Splash Mountain, and riders continue to ride in vehicles made to look like hollowed-out logs. But everything else has been redesigned. Instead of a suspenseful story that sees Br'er Rabbit thrown into a field of brambles, the new attraction focuses on a Mardi Gras party: Tiana and her friend Louis, a trumpet-playing alligator, are on a quest to creatures to form a gang with. Midway through the film, the cheerful Mama Odie, a voodoo queen in "The Princess and the Frog" and now a "fairy godmother of the bayou," casts a spell,…
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How to open a bank account in Panama for Canada residents

How to open a bank account in Panama for Canada residents

The financial market provides multiple avenues to safeguard individuals' savings while simultaneously presenting them with attractive investment prospects. Among these is the option of opening a bank account in another country.Panama distinguishes itself as an ideal location for undertaking such processes, thanks to its robust economic stability, with the US dollar as its standard currency, and a variety of tax benefits. While other Latin American nations experience frequent fluctuations and depreciation in their currencies, Panama's steadiness becomes a significant draw. Nonetheless, understanding the necessary requirements and steps is crucial to executing this procedure effectively.Additionally, if you are interested in opening…
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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

Terms of the deal were not disclosed. Sony bought Alamo from Altamont Capital Partners and Fortress Investment Group, as well as the chain's founder, Tim League. Mr League said the cinema chain was “more than thrilled” with the deal. This comes at a time of financial difficulty for the Alamo and the film industry as a whole. Many of Alamo's franchised locations filed for bankruptcy and closed this month, making Sony's move a potential lifeline for the struggling chain. Alamo filed for Chapter 11 bankruptcy in 2021 before a private equity firm intervened. The theaters will continue to operate under…
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Check out photos from inside the 2024 Belmont Stakes

Check out photos from inside the 2024 Belmont Stakes

Summer at the spa - a ritual that has lasted nearly 200 years - began early in Saratoga Springs, New York, with the third leg of the Triple Crown, the Belmont Stakes, held Saturday for the first time at Saratoga Race Course, a relic revered where elites and others mingle, but horses dominate. Broadway, the city's central thoroughfare, was abuzz with activity. Lines for picnic tables along the trail formed before dawn. A new color, Belmont Green, blends with the track's signature red and white coating. Owners, trainers, runners and loyalists all hailed the break with tradition for the 156th…
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Tesla shareholders will vote on Elon Musk’s big payday.  What happens then?

Tesla shareholders will vote on Elon Musk’s big payday. What happens then?

Tesla could use shareholder approval to support Musk's case in court. If it wins the vote on Musk's compensation, the company is likely to turn to Chancellor Kathaleen McCormick, the Delaware Court of Chancery judge who rejected the compensation plan, and argue that shareholders, armed with information she says not having had it when they approved the package, they ratified the proposal again. This, according to the company, makes the issue controversial. If McCormick were to declare the plan acceptable, it is likely that the plaintiffs who initially sued will appeal to the Delaware Supreme Court. Among their potential arguments:…
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