Apple Studios Sued Over Labor Violations on ‘Palm Royale’ By Background Actor petek, June 23, 2024 Apple Studios is facing a lawsuit accusing it of violating a series of California labor laws on the set of Palm Royale. Daniel Ferguson, in a proposed class action filed on May 3 in Los Angeles Superior Court, claims the studio stiffed him and other background actors on pay, “maintained a policy and practice of not paying” them for all of the hours they worked and refused to provide legally-mandated meal breaks. According to the complaint, Ferguson worked for Apple Studios, which didn’t immediately respond to requests for comment, in Los Angeles for four months in 2022 during the … Continue Reading
Apple debuts iPad Pro with M4 chip as company looks to turn around sales petek, June 22, 2024 Apple (AAPL) debuted its latest lineup of iPads during a virtual launch event on Tuesday. The new tablets include more powerful versions of the $999 11-inch and $1,299 13-inch iPad Pro outfitted with Apple’s M4 chip and more vibrant OLED displays, and an upgraded iPad Air, which gets a 13-inch screen option to go along with the existing 11-inch version. The company also unveiled the latest version of its Apple Pencil stylus complete with a new haptic feedback feature and an updated Magic Keyboard case for the iPad Pro line. The new iPad Pros come equipped with Apple’s new Ultra … Continue Reading
India’s IIFL Finance facing liquidity crunch after gold loan business curbs: Report petek, June 21, 2024 India’s IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender’s gold loan business, a senior official and two bankers told Reuters. “Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits,” the official at the company, who did not want to be named, said. Banks have stopped lending to IIFL Finance’s gold and other businesses, the official said, adding that the impact of the curbs on the overall business is likely to be around 5 billion rupees ($60 million). IIFL Finance did … Continue Reading
After 5 quarters, rural FMCG consumption outpaces urban: NIQ report | News petek, June 20, 2024 3 min read Last Updated : May 07 2024 | 11:54 PM IST India’s fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the January-March period. According to a report from consumer intelligence firm NIQ, rural consumption grew at a rate of 7.6 per cent year-on-year (YoY) in Q1CY24, overtaking that in urban areas which stood at 5.7 per cent. This is a notable change from Q4CY23, when rural volume growth was at 5.8 per cent, and the urban consumption rate was higher at 6.9 … Continue Reading
UK economy grows slightly for second month in a row | BusinessNews petek, June 19, 2024 The UK economy has grown slightly for the second month in a row, official figures show. Gross domestic product (GDP) grew just 0.1% in February, the Office for National Statistics (ONS) said. It’s another signal that the UK economy is working its way out of recession. Growth of 0.3% was recorded last month – and that figure has been revised upwards from a previous estimate of 0.2%. A recession was declared in February after data showed two quarters of economic contraction. If the economy expands for three months, the UK will be officially out of recession. February growth came thanks … Continue Reading
Wheat, soybean crops threatened by weather in US-competitive countries petek, June 18, 2024 Home » Wheat, soybean crops threatened by weather in US-competitive countries Source: Sosland Publishing Co. Recap for May 6 Weather with the potential to cut into yields in countries that compete with the US for export business helped corn, soybean and wheat futures climb Monday. Wheat futures shot higher with winter wheat futures posting the widest gains on crop weather problems in Russia including dryness and frost. IKAR last week cut its production estimate for Russia, the world’s largest wheat exporter. Soybean futures reached a four-month peak on a deteriorating harvest in Brazil’s Rio Grande do Sul state, where torrential … Continue Reading
Debts, questions surround Charity Hospital project | BusinessNews petek, June 17, 2024 More than six months after a new development team was brought in to help jumpstart the stalled redevelopment of the former Charity Hospital building in downtown New Orleans, the project remains in limbo with unpaid bills to its architect, contractor and other vendors that total at least $5.7 million. Public documents show three liens and a lawsuit have been filed against 1532 Tulane Partners, a consortium led by local apartment developer Joseph Stebbins and Israeli financier Yoel Shargian that was awarded the rights to the Tulane Avenue building in 2018. The largest lien was filed in April 2023 for nearly … Continue Reading
Lionsgate Takes Step Toward Spinning Studio Off As Public Company petek, June 16, 2024 Lionsgate has moved one step closer to spinning off its film and TV studios business in a Special Purpose Acquisition Company (SPAC) to create a separately traded public company. Screaming Eagle Acquisition Corp., a SPAC — often referred to as a blank check company — led by SPAC sponsor Eagle Equity Partners and CEO Eli Baker in an SEC filing on Tuesday said the registration statement for the proposed merger has been declared effective by the US Securities and Exchange Commission, which should pave the way for the deal to close and Lionsgate Studios to launch as a standalone company … Continue Reading