WGA & WME Agree Delay Anti-Trust Trial For Six Months “To Focus On Settlement Talks”

The WGA and WME have agreed to a six-month postponement of the trial their long-running anti-trust lawsuits against each other, saying in court filings that they “wish to have time to focus on settlement talks without jeopardizing the overall litigation schedule.” They also noted that “certain discovery disputes, motion practice, and the Covid-19 pandemic have created unforeseeable delays in the […]

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A new $3.4 billion DHS cloud contract could kick off a fierce battle between cloud giants like Amazon and Microsoft, analysts say

The Department of Homeland Security is offering a massive cloud modernization contract worth $3.4 billion. The contract is in its early stages, but major cloud firms are already vying for the business, analysts say Unlike with JEDI, DHS is looking for a contractor instead of working with cloud firms directly and multiple providers will benefit.  Visit Insider's homepage for more […]

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U.S. Restaurant Openings Quicken, Hinting at Rebound Taking Hold

New restaurants continued to open last year at a relatively fast pace despite the pandemic, data released Tuesday show. By the fourth quarter of 2020, the rate of openings fell just 4% compared with the year before, according to data compiled by Yelp Inc., which books online restaurant reservations and posts business reviews. More than 18,200 eating establishments — including […]

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Top Democrats introduce a bill to raise the minimum wage to $15 by 2025, raising pay for 32 million Americans

Top Democrats introduced the Raise the Wage Act of 2021 on Tuesday, which would gradually increase the federal minimum wage to $15 an hour by 2025. House Labor Chair Robert Scott said the Act would gradually phase out subminimum wages for tipped workers, youth workers, and workers with disabilities. Vermont Sen. Bernie Sanders said he will use budget reconciliation to […]

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U.S. Stocks Move Back To The Upside Following Last Week’s Pullback

Stocks moved mostly higher during trading on Tuesday as traders returned to their desks following the long holiday weekend. The tech-heavy Nasdaq ended the session just shy of the record closing high set earlier this month. The major averages all closed in positive territory, with the Nasdaq outperforming its counterparts. While the Nasdaq jumped 198.68 points or 1.5 percent to […]

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General Electric surges after earnings show strong cash flow and improving profitability

Hussein Faleh/Getty Images GE stock surged as much as 10% on Tuesday after the company reported strong cash flow and improving profitability. GE finished the fourth quarter with $4.4 billion in industrial free cash flow, beating its own estimates by nearly $2 billion. The company continued to struggle with revenue, however, marking a 16% year-over-year drop in the quarter. Sign up here […]

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PepsiCo and Beyond Meat are teaming up on plant-based snacks.

By Julie Creswell The food giant PepsiCo is jumping on the Beyond Meat bandwagon. The two companies announced Tuesday that they had formed a joint venture called The Planet Partnership to produce a line of plant-based protein snack and beverage options. The announcement, which did not provide details on the types of products or when they would be available. For […]

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