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Pavel Durov Under Investigation After Allegedly Enabling the Use of Telegram for Aiding Fraudsters, Drug Traffickers
Telegram CEO Pavel Durov has been formally charged in France with serious offenses including child exploitation and drug trafficking, raising concerns among global tech leaders about the broader implications for the tech industry.
Female Wells Fargo Employee Found Dead in Cubicle, 4 Days After Clocking In for Work
A Wells Fargo employee was found dead at her desk in Tempe, Arizona, four days after scanning into work, following foul odor complaints from coworkers.
GM, Samsung SDI Finalize $3.5 Billion EV Battery Plant; Production Delayed to 2027
General Motors and Samsung SDI have finalized a $3.5 billion joint venture to build an electric vehicle battery plant in Indiana, but production has been delayed to 2027 due to slower-than-expected EV adoption.
Backpage Founder Michael Lacey Sentenced to 5 Years for Money Laundering in Prostitution Scheme
Michael Lacey, co-founder of Backpage.com, was sentenced to five years in prison and fined $3 million for money laundering related to a scheme that profited from prostitution ads on the now-defunct site.
Nokia Launches Retro Barbie Flip Phone for $99, Promising Break from Digital Overload
Nokia launches a $99 Barbie-inspired flip phone with 1990s and 2000s technology, aiming to offer a digital detox by excluding internet and social media features.
Shake Shack Shutters 9 Stores Due to Low Performance, Market Changes
Shake Shack is closing nine underperforming locations due to market changes and overlapping store areas, following a portfolio review and SEC filing.
Ford CEO Cites Diverse Beliefs as Company Ends LGBTQ Survey Involvement
Ford Motor Co. has decided to stop participating in an annual LGBTQ advocacy survey and will no longer use diversity quotas for minority dealerships and suppliers.
FDA Approves New Pfizer and Moderna mRNA Vaccines to Combat Latest COVID-19 Variants
The FDA has approved updated mRNA vaccines from Pfizer and Moderna designed to target the KP.2 strain of COVID-19, with new eligibility and availability details amid a summer surge in cases.
Temu Founder Colin Huang Falls from Top Spot as China’s Richest After $21 Billion Loss
Colin Huang, founder of Temu, has lost his title as China’s richest person after a $21 billion drop in net worth, now ranking fourth in the country’s wealth list.
Waymo Expands Fleet with $5 Billion Alphabet Investment, More Driverless Cars on Valley Roads
Alphabet’s $5 billion investment will significantly expand Waymo’s fleet of driverless cars and increase their presence on Valley roads.
Kroger Executive Admits Company Raised Milk and Egg Prices Beyond Inflation Needs
Kroger's top pricing executive testified in court that the company raised milk and egg prices more than necessary to account for inflation, as revealed in a March 2024 email.
Sheetz Opens Doors to First Michigan Store, Early Birds Wait for Hours
Eager customers lined up for hours early Tuesday morning of August 27 to witness the opening of Sheetz's first 24/7 convenience store in Michigan.
Toyota, BMW Set to Expand Fuel Cell Vehicle Partnership, Announcement Expected September 5
Toyota and BMW are set to enhance their collaboration in the fuel cell vehicle sector, with a memorandum of understanding to be signed next week and a formal announcement on September 5.
Lowe’s Faces Backlash Over DEI Efforts, Adjusts Policies Amid Activist Pressure
Lowe’s is scaling back its diversity, equity, and inclusion (DEI) efforts, including ending participation in LGBTQ advocacy surveys and consolidating employee resource groups, following pressure from conservative activist Robby Starbuck.
Qantas Mistakenly Discounts First-Class Flights by 85%, Rebooks Customers to Business Class
Qantas mistakenly sold 300 first-class tickets at an 85% discount due to a booking system error but will rebook affected customers in business class at no extra cost.
AT&T Hit with $950,000 Penalty for 911 Service Disruptions During Testing
AT&T has agreed to pay a $950,000 fine and implement a three-year compliance plan after an FCC investigation found the company failed to deliver 911 calls and notify emergency officials during a 2023 outage affecting four states.
Red Lobster to Close 23 More Restaurants as Bankruptcy Process Continues
Red Lobster is closing 23 more restaurants by the end of August as part of its bankruptcy proceedings and preparation for acquisition, following over 100 closures earlier this summer.
Dairy Company Milkio Foods Penalized $420,000 for Misrepresentation of Product Origin
Hamilton dairy company Milkio Foods has been fined $420,000 for falsely claiming their ghee products were made from New Zealand dairy, despite using imported butter and misleadingly using the FernMark logo.
Telegram Cofounder Pavel Durov Arrested Near Paris Over App Misuse Allegations
Telegram cofounder Pavel Durov was arrested near Paris after arriving from Azerbaijan, following a French search warrant related to allegations of his app being used for drug trafficking, money laundering, and distributing child abuse material.
Daiso Brings Japanese Variety Store Experience to Tucson This Weekend
Daiso is set to open its first Tucson store at Ventana Village on August 31, with an expected 300 shoppers attending the grand opening event.
Walmart Recalls Nearly 10,000 Cases of Apple Juice Over Arsenic Concerns
Walmart has recalled nearly 10,000 cases of Great Value apple juice due to potentially harmful levels of inorganic arsenic, following an urgent warning from the FDA.
Kroger, Albertsons Face Off Against FTC in Court Over Historic Grocery Merger
Kroger and Albertsons are in court to defend their proposed merger against the FTC, which argues that the deal would harm competition and increase grocery prices.
Meta Blocks Iranian WhatsApp Accounts Targeting US Officials, Public Figures
Meta has blocked a group of fraudulent WhatsApp accounts linked to the Iranian hacking group APT42, which was targeting US officials, political figures, and individuals in multiple countries, including Israel and the UK, ahead of the November election.
Diamond Sports Group's Bankruptcy Case Delayed as It Secures TV Broadcasts for 22 NBA , NHL Teams
Diamond Sports Group has secured agreements to continue broadcasting games for 22 NBA and NHL teams through the 2024-2025 season, despite ongoing bankruptcy proceedings and a court-ordered delay in their confirmation hearing.
Shein Exposes Child Labor Cases, Suspends and Reinstates Suppliers After Remediation
Shein's annual sustainability report reveals that it discovered and addressed two cases of child labor in its supply chain last year, taking remedial action and updating screening processes for suppliers.
Taco Bell to Cut Breakfast Menu at Select Franchise Locations
Some Taco Bell franchise locations will stop serving breakfast starting in October to streamline their menus and focus on key growth areas.
Subway Joins Fast-Food Price Drop Trend with New $6.99 Footlong Promotion
Subway is offering a limited-time deal on footlong sandwiches for $6.99 to attract customers amidst rising fast-food prices.
Court Reveals Shareholders Behind Twitter’s $44 Billion Rebrand to X, Including Diddy and Jack Dorsey
A federal court order has revealed the shareholders involved in Twitter’s $44 billion rebranding to X, including music mogul Sean "Diddy" Combs and former CEO Jack Dorsey.
Gillette Proposes Multi-Phase Project to Revitalize South Boston Campus with Housing, Public Spaces
Gillette has announced a master plan to transform its 31-acre South Boston campus into a mixed-use community featuring public open spaces, new housing, and economic development.
Dollar Tree Takes Over Former Rite Aid Space with New Florence Store
Florence's South Irby Street now hosts a new Dollar Tree store, which has opened after extensive renovations of the former Rite Aid location.
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