Oakland restaurant owner slams city’s crime problem
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Oakland restaurant owner slams city’s crime problem

Stories about high-profile companies in Oakland closing shop or hiring extra security have made grim headlines in recent months. But it’s not just corporations that are feeling the crunch of increased crime in the Bay Area. One local Oakland restaurant owner bluntly told Fox News Digital that the city where she’s spent…

Sports Illustrated’s entire staff told they are getting laid off
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Sports Illustrated’s entire staff told they are getting laid off

It is a dark day for sports journalism. The Arena Group alerted all Sports Illustrated staffers on Friday that their positions were being eliminated. A George Mason fan holds up a Sports Illustrated magazine in 2006. AP Richard Deitsch, a sports media reporter who left for Sports Illustrated for the…

Hertz plans to sell 20,000 EVs, including Teslas
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Hertz plans to sell 20,000 EVs, including Teslas

Rental firm Hertz Global Holdings said Thursday it would sell about 20,000 electric vehicles from its US fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the company, which operates vehicles from Elon Musk’s Tesla and Swedish EV maker Polestar among others, fell about 3%…

New York state to invest in $10B chip research complex
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New York state to invest in $10B chip research complex

New York state is joining tech giant IBM and semiconductor manufacturer Micron Technology to invest $10 billion in a state-of-the-art chip research facility at the University of Albany, Gov. Kathy Hochul announced. NY Creates, a nonprofit entity that oversees The Albany NanoTech Complex where the 50,000-square-foot facility will be built,…

Eyedrops pulled by CVS, Target made by barefoot workers in India
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Eyedrops pulled by CVS, Target made by barefoot workers in India

Tainted eyedrops yanked from pharmacy shelves over fears they could cause infections and even blindness were made in a factory in India where workers walked around barefoot and safety test results were faked, according to an explosive report. The 26 over-the-counter products — sold as store brands at retailers including…

UPS starts contract negotiations with Teamsters Union
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UPS starts contract negotiations with Teamsters Union

UPS begins talks this week with the Teamsters Union on the largest collective bargaining agreement in the US, with the union calling on the parcel-delivery giant for improvements in part-timers and drivers’ compensation.  The national negotiations held in Washington, DC will likely bring out an update to the current contract…

Related Companies snags new leases at 55 and 50 Hudson Yards
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Related Companies snags new leases at 55 and 50 Hudson Yards

Related Companies has scored 80,000 square feet of new leases at Hudson Yards, according to sources. At 55 Hudson Yards, J.F. Lehman & Company signed for 29,000 square feet, replacing Vista which expanded into a larger space at neighboring 50 Hudson Yards. Separately, Milbank LLP added 28,000 square feet to bring its total…

US employers added 236,000 jobs in March, unemployment at 3.5%
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US employers added 236,000 jobs in March, unemployment at 3.5%

US hiring slowed in March – but the jobs market remains historically tight in a trend that could put pressure on the embattled Federal Reserve to proceed with another interest rate hike. Nonfarm payrolls increased by 236,000 last month, according to the Labor Department’s closely-watched March jobs report released Friday….

Credit Suisse, UBS shares drop after Swiss probe into merger
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Credit Suisse, UBS shares drop after Swiss probe into merger

Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. The office of the attorney general said on Sunday that the prosecutor opened an investigation into the state-backed takeover of Credit Suisse by UBS Group last month, looking into potential breaches of the country’s criminal law by…