April 14, 2026

pgnewser

Disney CEO Bog Iger slashes 175 jobs from ‘Toy Story’ studio Pixar– fortune.com

pgnewser May 22, 2024 0

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Excerpt from fortune.com

Walt Disney Co.’s Pixar subsidiary, the pioneering animator that made Toy Story and Finding Nemo, is cutting 14% of its staff, part of an ongoing belt tightening by its parent.

About 175 employees are getting layoff notices Tuesday, the company said.

The reductions reflect a decision to refocus Pixar on feature films and move away from the production of TV series for the Disney+ streaming service. Pixar President Jim Morris outlined the shift in a memo to employees that was seen by Bloomberg.

US Treasury secretary seeks European support in economic war against China– www.wsws.org

pgnewser May 22, 2024 0

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Excerpt from www.wsws.org

Following its imposition of sweeping tariffs on a range of Chinese green technology goods, spearheaded by a 100 percent charge on electric vehicles [EVs], the United States is trying to draw the European Union into its economic warfare against Beijing.

Treasury Secretary Janet Yellen issued what amounted to a call to arms in a major speech yesterday in Frankfurt, Germany, on the importance and strength of the Transatlantic alliance.

After recalling the collaboration with Europe from the Cold War to the NATO operations against Russia in the Ukraine war, she turned to the issue which is front and centre for the US—the existential threat to its global economic dominance it considers is posed by the economic rise of China.

Boeing 767 Gets a 5-Year Reprieve From Climate Rules– www.aviationpros.com

pgnewser May 22, 2024 0

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Excerpt from www.aviationpros.com

Boeing will have five extra years to build its 767 freighters in its Everett plant thanks to a provision in the newly passed Federal Aviation Administration reauthorization bill.

Boeing won’t say what these extra years will mean for the aviation company beyond 2028, when it originally planned to shutter its 767F program because the plane doesn’t meet global aviation carbon emissions standards. Boeing could now sell the plane until 2033, but those planes would be out of compliance with international regulations and could only be flown in the United States.

Still, the company’s machinists and engineering unions last week hailed the extension as a win for workers as the FAA bill was passed by Congress and then signed by President Joe Biden.

IBM winding down Russian operation, laying off employees– uk.news.yahoo.com

pgnewser May 22, 2024 0

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Excerpt from uk.news.yahoo.com

International Business Machines Corp is winding down its business in Russia and has started to lay off its employees in the country, according to a memo to staff sent last week and emailed to Reuters on Tuesday.

After Russia invaded Ukraine in February, IBM joined hundreds of other companies in suspending business in the country. Many others had announced a complete exit from Russia.

“As the consequences of the war continue to mount and uncertainty about its long-term ramifications grows, we have now made the decision to carry out an orderly wind-down of IBM’s business in Russia,” Chief Executive Arvind Krishna wrote to employees.

Krishna told Reuters early last month that he was not sure how much longer the company could pay its employees in Russia in light of escalating sanctions.

Truck Rental Employees in Tennessee Vote Union Out– lidblog.com

pgnewser May 22, 2024 0

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Excerpt from lidblog.com

 

The employees of the Penske Truck Rental company in Nashville and Minneapolis have voted to eliminate their employee union, and in a vote told the International Association of Machinists union to take a hike.

The vote came after the employees officially notified the federal National Labor Relations Board that they were going to move to oust the union.

Per Just the News:

David Saylor filed the Nashville petition and Kyle Fulkerson filed the Minneapolis petition with free legal aid from the National Right to Work Legal Defense Foundation.

The Minnesota workers voted 26-7 on May 1 to remove the union while the Tennessee workers voted 15-8 on May 8 for the removal.

Apple slams DOJ antitrust lawsuit alleging smartphone monopoly, urges dismissal– nypost.com

pgnewser May 22, 2024 0

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Excerpt from nypost.com

Apple said Tuesday it plans to ask a US judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices.

In a letter to US District Judge Julien X. Neals, Apple said “far from being a monopolist, Apple faces fierce competition from well-established rivals, and the complaint fails to allege that Apple has the ability to charge supra-competitive prices or restrict output in the alleged smartphone markets.”

In the letter to the judge, Apple said the DOJ relies on a new “theory of antitrust liability that no court has recognized.”

CEO Mary Barra discusses GM’s shift to hybrids– www.chicagotribune.com

pgnewser May 22, 2024 0

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Excerpt from www.chicagotribune.com

WARREN, Michigan — In her 11th year as CEO of General Motors Co., Mary Barra’s latest test is to ensure that the Detroit automaker’s coming electric vehicles reach profitability by getting mainstream consumers to buy them in competitive global markets.

But in the time since GM first declared it would become all-electric, industry regulations have changed and the pace in the demand for EVs has slowed. Even though EV sales surpassed 1 million for the first time in 2023, data shows they are slowing quarter to quarter. First-quarter EV sales rose 2.6% year over year, but fell 15.2% from the fourth quarter of 2023, according to Kelley Blue Book.

Learning the Right Lessons From the UAW Loss in Alabama– www.thenation.com

pgnewser May 22, 2024 0

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Excerpt from www.thenation.com

Mercedes put on an “A-level boss fight.”  Which was only to be expected. So how can the union win next time?

Mercedes employees Austin Brooks, David Johnston, and Jacob Ryan attend a rally in Tuscaloosa, Alabama, on May 5, 2024. (Kim Chandler / AP Photo)

Late last Friday afternoon, Shawn Fain, president of the UAW, addressed workers at the Mercedes SUV plant in Vance, Alabama, after the union failed in a representation election (2,054 votes in favor, 2,642 against) many had expected them to win. He told them, “Justice isn’t about one vote or one campaign. It’s about getting a voice, getting your fair share.”

Ford Endorses Biden’s Emission Rules Even As Republicans Oppose: Report – Ford Motor (NYSE:F)– www.benzinga.com

pgnewser May 22, 2024 0

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Excerpt from www.benzinga.com

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Ford Motor Co. (NYSE:F) has reportedly provided its support for the Biden administration’s initiative to significantly reduce vehicle emissions by 2032.

Former Home Depot CEO warns Biden’s economy created a ‘wrecking ball’ for the next president– www.foxbusiness.com

pgnewser May 22, 2024 0

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Excerpt from www.foxbusiness.com

 

Former Chrysler Chairman and CEO Bob Nardelli weighs in on the inflationary pressures Americans continue to face and the Biden administration’s missteps that have contributed to economic turmoil.

Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are “about ready to crack” on Monday, adding that the Biden administration’s alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up.

“What I’ve seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they’re about ready to crack,” he told FOX Business’ Maria Bartiromo.

Alibaba and Baidu may have a new ‘plan’ to make AI cheaper in China– timesofindia.indiatimes.com

pgnewser May 22, 2024 0

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Excerpt from timesofindia.indiatimes.com

Chinese tech giants Alibaba and Baidu have reduced the prices of their large-language models (LLMs). Other companies and developers in China use these models to train their generative artificial intelligence (AI) products. This move comes as a price war in the cloud computing sector heats up in China.

According to a report by the news agency Reuters, Alibaba’s cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. For example, the report claims that after the price cut, the company’s Qwen-Long model will cost only 0.0005 yuan per 1,000 tokens (units of data processed by the LLM). This price cut will reportedly bring down the cost from 0.02 yuan (Rs 0.23) per 1,000 tokens.

Disney, YouTube Lead U.S. TV Viewing Share– worldscreen.com

pgnewser May 22, 2024 0

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Excerpt from worldscreen.com

Nielsen has launched a new cross-platform media measurement tool, which found that The Walt Disney Company accounted for 11.5 percent of all TV viewing in the U.S. last month, ahead of YouTube at 9.6 percent.

More than 40 percent of Disney’s share was attributable to Disney+ and Hulu, per the Nielsen’s first report of The Media Distributor Gauge. Behind YouTube in third place was NBCUniversal at 8.9 percent, with Paramount at 8.8 percent and Warner Bros. Discovery at 8.1 percent. Netflix fell just outside of the top five at 7.6 percent, with FOX at 6.1 percent. Per Nielsen, 14 media companies reached a 1 percent or greater share of TV usage, including Prime Video, boosted by Fallout, with a gain of 12 percent to reach 3.2 percent of viewing; Scripps (2.3 percent), Weigel (1.5 percent), The Roku Channel (1.4 percent), A+E Networks (1.3 percent), Hallmark Media (1.2 percent) and AMC Networks (1.1 percent).

‘I’m just going to shop online,’ declare Target customers after new store policies ‘take the fun out of the experience’– www.the-sun.com

pgnewser May 22, 2024 0

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Excerpt from www.the-sun.com

TARGET customers have revealed they are doing what they can to avoid the store after the retailer continues to increase anti-theft measures.

Customers have revealed that Target‘s anti-theft measure of locking up merchandise has turned them off from the store.

Anti-theft measures are turning customers off from TargetCredit: Getty
Target’s anti-theft measures were said to ‘take the fun out of the experience’

Biden administration canceling student loans for another 160,000 borrowers | WNTZ-TV FOX 48– www.cenlanow.com

pgnewser May 22, 2024 0

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Excerpt from www.cenlanow.com

FILE – Education Secretary Miguel Cardona testifies during a Senate Appropriations Subcommittee on Labor, Health and Human Services, and Education, and Related Agencies hearing on Capitol Hill in Washington, April 30, 2024. The Biden administration is cancelling student loans for another 160,000 borrowers through a combination of existing programs. (AP Photo/Susan Walsh)

WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.

The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.

Yes, the Mar-a-Lago Raid Was Extraordinary, but the ‘Deadly Force’ Language in the Ops Order Wasn’t – RedState– redstate.com

pgnewser May 22, 2024 0

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Excerpt from redstate.com

Here’s the thing: The language reflected in the Operations Order and related documents was standard language — the sort of language you’d find in most orders of that nature. Don’t take my word for it — let’s see what those who’ve actually executed such warrants and/or been present at briefings involving them have to say:

The DOJ deadly force policy is literally in EVERY @fbi op order and read verbatim to every agent involved prior to the op. This is a giant nothing-🍔. If @realDonaldTrump picked a competent @fbi director, he’d have known that. The MAL raid is dubious at best. This policy is not. https://t.co/l4dcYipyLN

— Garret O’Boyle (@GOBactual) May 21, 2024

I’ve tried to make this point. I read that language a couple hundred times over 21 years whenever an Ops plan was sent to me. If I didn’t get it before the search, I got it after.

Rudy Giuliani and 10 others plead not guilty to charges of conspiring to overturn the 2020 presidential election in Arizona– www.weny.com

pgnewser May 22, 2024 0

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Excerpt from www.weny.com

“I do consider this indictment a complete embarrassment to the American legal system. But I’ve shown no tendency not to comply,” Giuliani said, adding that he has been sued many times “by a very similar movement to this one, which is the ‘let’s see what we can do to destroy Donald Trump’ movement.”

BREAKING UPDATE: Jack Smith Threatens to Unseal New Evidence in Trump Case– conservativeroof.com

pgnewser May 22, 2024 0

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Excerpt from conservativeroof.com

New documents are set to be released in the Florida case concerning classified files from ex-President Donald Trump, following a deal struck between defense lawyers and special counsel Jack Smith’s team.

Mr. Smith filed a status report on the agreement on Monday.

“The parties hereby file this joint status report providing the parties’ positions … regarding the unsealing of filings,” the Smith team wrote.

U.S. Supreme Court won’t hear Oregon lawsuit that sought to end mail voting • Oregon Capital Chronicle– oregoncapitalchronicle.com

pgnewser May 22, 2024 0

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Excerpt from oregoncapitalchronicle.com

On the eve of Oregon’s primary election, a group of Republican candidates and election deniers learned they won’t get to make their case to the U.S. Supreme Court to end Oregon’s mail voting system. 

The high court on Monday declined to hear an appeal from plaintiffs, including state Sen. Dennis Linthicum, the leading Republican candidate for secretary of state, in a case that sought to overturn the method Oregon voters have used to vote in every election for decades. 

The Supreme Court didn’t give a reason for declining to hear the case, Thielman v. Fagan. Marc Thielman, a former school superintendent who captured 8% of the vote in his sixth-place finish in the 2022 Republican gubernatorial primary, led several other Republicans in suing then-Secretary of State Shemia Fagan in October 2022. 

NRCC rejects cease and desist letters from Democrats over ‘I support Hamas’ emails– www.washingtonexaminer.com

pgnewser May 22, 2024 0

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Excerpt from www.washingtonexaminer.com

EXCLUSIVE — The National Republican Congressional Committee is brushing off demands from three freshman House Democrats to retract a “tongue-in-cheek” press release claiming the lawmakers supported Hamas.

On Friday, legal counsel from the Elias Law Group representing Reps. Andrea Salinas (D-OR) and Gabe Vasquez (D-NM) and from Olson Remcho LLP representing Rep. Yadira Caraveo (D-CO) sent immediate cease and desist letters to the NRCC, accusing the organization of false statements and defamation after they published several press releases with the headline “allegedly ‘quoting’” the representatives saying “I support Hamas.”

Judge Cannon Scolds DOJ over Jack Smith’s Trump Documents Case– slaynews.com

pgnewser May 22, 2024 0

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Excerpt from slaynews.com

Judge Aileen Cannon has the Department of Justice (DOJ) for pushing Special Counsel Jack Smith’s corrupted classified documents case against President Donald Trump.

Smith and the Democrats promised America that they had all of the evidence they needed to convince a judge or jury that Trump is a criminal.

However, they have yet to provide a shred of evidence, despite continued efforts to push politically motivated charges against the 45th president.

Judge Cannon, who is overseeing the classified docs case in Florida, is getting really frustrated at the lack of substance Smith is showing.

Smith’s case is already very flimsy, to begin with, and Judge Cannon.

Fulton County District Attorney Fani Willis Wins Democratic Primary– trendingpoliticsnews.com

pgnewser May 22, 2024 0

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Excerpt from trendingpoliticsnews.com

Fulton County District Attorney Fani Willis has won the Democratic primary and will now be standing for re-election in November.

Willis defeated Atlanta attorney Christian Wise Smith in the Democratic primary. Judge Scott McAfee, who is overseeing Willis’ dubious RICO case against former president Trump, also won his primary over attorney Robert Patillo in a nonpartisan election.

If either Willis or McAfee had lost their respective races, the “election interference” case into former President Trump would have faced further delays.

The case is already nowhere near trial, as Willis has faced numerous efforts to remove her from the case due to noted political bias, as well as a series of allegations of misconduct. Willis has faced credible allegations that she misused county funds while serving as district attorney. She is currently the subject of numerous investigations, both state and federal.

Republican Vince Fong wins California special election for McCarthy seat– www.weny.com

pgnewser May 22, 2024 0

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Excerpt from www.weny.com

The first round of the special election took place in March with all candidates, regardless of party, running on the same ballot. Fong, who also had the support of former President Donald Trump, finished first in that race ahead of Boudreaux and Democrat Marisa Wood. But as he did not take a majority of the vote, the race moved to this month’s face-off between the top two finishers.

Judge erupts in Trump hush money trial over witness Robert Costello– www.washingtonpost.com

pgnewser May 22, 2024 1

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Excerpt from www.washingtonpost.com

NEW YORK — Prosecutors rested their case against former president Donald Trump on Monday, a momentous day in the month-long trial that was quickly overshadowed by the judge’s angry dressing-down of a witness he thought was being disrespectful.

For most of the day, the trial seemed to be winding down; defense lawyers indicated they did not plan to call Trump as a witness, and might finish presenting their case in a few hours. That schedule suddenly changed when their second witness, lawyer Robert Costello, infuriated the judge.