Rolls-Royce Cullinan Stolen Via Text Message

Reuters
Cloaked Audis, covert CEO meeting: how VW's $5 billion Rivian bet transpired
A few camouflaged Audis arrived secretly from Germany early this year at a facility of electric vehicle (EV) maker Rivian in California, where some 30 engineers stripped the electronics and fitted them with the U.S. startup's harnesses and modules. The mission: to see whether future EVs from Audi parent Volkswagen could benefit from Rivian's advanced technology, two people close to the deal told Reuters. A third confirmed that some Audis were shipped to California.
CNN Business
‘Months to correct, if not years’: Car dealerships and customers feel the impact as CDK outage drags on
A CDK Global system outage has affected nearly every aspect of the Mazda dealership in Seekonk, Massachusetts, where Ryan Callahan is general sales manager. He says it won’t be a simple fix.
Yahoo Finance
California fast-food franchise owners, consumers feel brunt of minimum wage hike
Closures may leave some consumers wondering about the state of the overall business.
CNN Business
Massive auto dealer outage: CDK Global says it won’t be able to come back online this month
CDK Global, the retail software provider behind the massive auto dealer outage, says it doesn’t believe its systems will be back online before June 30, a major blow to car buyers and sellers who have been struggling to complete auto sales during peak car buying season.
Jalopnik
Buying A New Car Will Be Even More Miserable Than Usual For The Foreseeable Future
CDK Global, a software platform designed to streamline car sales that’s in use at nearly 15,000 dealerships across North America, has been hamstrung for several days due to cyberattacks, and dealers may feel the effects for years. Car dealerships have been riding the gravy train with biscuit wheels since the onset of the pandemic rattled the supply chain and allowed dealers to get away with charging eye-watering mark-ups, but that gravy train has come to a screeching halt.
Fortune
The clock is ticking as Boeing’s 32,000-strong union negotiates to ‘save the company from itself’—even if it takes a costly strike
Boeing’s employees are battling for a new contract—and it appears management is facing two choices: one bad and the other worse.
Yahoo Finance
With just a few years until retirement, 55-year-olds haven't saved nearly enough, study finds
For Gen Xers, retirement isn’t far off, and millions of them haven't saved enough.
Wichita Eagle
Collapsing porch, flooded basement lead to judgment order against Wichita contractor
He has been ordered to pay more than $171,000 after his work on a couple’s house fell apart.
Associated Press
Louisville police chief resigns after mishandling sexual harassment claims
Louisville's police chief, suspended earlier this month over mishandling a sexual harassment claim about an officer, has resigned, Mayor Craig Greenberg said Tuesday. Jacquelyn Gwinn-Villaroel became the third full-time Louisville police chief to resign or be fired since 2020. The department's leadership has had a revolving door since officers fatally shot Breonna Taylor during a botched drug raid that year.
Reuters
Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring
Indian Prime Minister Narendra Modi's government on Wednesday said it has asked the Tamil Nadu state to submit a "detailed report" after a Reuters story revealed that Apple supplier Foxconn rejected married women from iPhone assembly jobs in the country. In a statement calling for the probe, the federal government's Ministry of Labour and Employment cited the Equal Remuneration Act of 1976, saying the law "clearly stipulates that no discrimination (is) to be made while recruiting men and women workers." The ministry said it has requested a detailed report from the Labour Department of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn’s practice of shunning married women from jobs.
South China Morning Post
Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson
The recent collapse of Woodson, a Shanghai-based semiconductor start-up that went bankrupt, is the latest example of how China's efforts to build local alternatives to the world's most advanced chips can fail. Woodson, whose main entity is Shanghai Wusheng Semiconductor Group, was liquidated, according to a notice released on June 6 by the city's Pudong New Area People's Court. That marked the end for the firm, which was once an emerging star in China's semiconductor industry. Do you have questi
CNN Business
CDK says it’s brought a small group of car dealerships back online after massive weeklong outage
CDK Global said Wednesday that it has been able to bring a “small initial test group” of car dealerships back online, a week after a crippling software outage left thousands of car sellers across North America at a standstill.
Associated Press
The Supreme Court strips the SEC of a critical enforcement tool in fraud cases
The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies. The justices ruled in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. The in-house proceedings the SEC has used in some civil fraud complaints violate the Constitution, the court said.
Reuters
US Supreme Court blocks Purdue Pharma bankruptcy settlement
WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation's deadly opioid epidemic. The 5-4 decision reversed a lower court's ruling that had upheld the plan to give Purdue's owners immunity in exchange for paying up to $6 billion to settle thousands of lawsuits accusing the company of unlawful misleading marketing of OxyContin, a powerful pain medication introduced in 1996. The ruling represented a victory for President Joe Biden's administration, which had challenged the settlement as an abuse of bankruptcy protections meant for debtors in financial distress, not people like the Sacklers who have not filed for bankruptcy.
MarketWatch
You think your 401(k) looks bad? These people are doing worse — don’t be one of them.
Retirement may be out of reach for the average person lacking financial education and resources.
Fortune
China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions
China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.
GOBankingRates
People Are Way Off on Predicting How Much They Need for Retirement — Are You?
The further out you are from retirement, the more difficult it may seem to figure out exactly how much you'll need when that magic day comes. Younger people might not even be thinking about...
South China Morning Post
OpenAI's ban on Chinese access to ChatGPT to spur growth of local alternatives, experts say
OpenAI's upcoming ban on China-based developers' access to its service is set to contribute to the growth of the Chinese artificial intelligence (AI) sector rather than hinder its progress, industry insiders and analysts said. "OpenAI halting China market access will only accelerate the Chinese large language model (LLM) industry's growth," Zhou Hongyi, founder and chief executive at cybersecurity firm Qihoo 360, said in a social media post on Wednesday. Zhou - whose Beijing-based company has de
Sourcing Journal
FedEx Review Could Lead to Sale of LTL Biz
FedEx Corp.'s CEO Rajesh Subramaniam said the strategic review its FedEx Freight business should be completed by the end of 2024.
SmartAsset
What Will a $3 Million Dollar Retirement Look Like?
To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you're among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other … Continue reading → The post Is $3 Million Enough to Retire at 65? appeared first on SmartAsset Blog.

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