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Articles related to "sources"


Cisco Said to Be Cited for Bias Against U.S. Workers (1) (1)

  • Labor Department investigators recently concluded that Cisco Systems Inc.
  • discriminated against U.S. workers by favoring immigrant visa holders for job openings, sources familiar with the probe tell Bloomberg Law. The DOL’s Office of Federal Contract Compliance Programs determined that the technology firm secured visas for foreign workers instead of hiring U.S. citizens for certain jobs and paid the visa holders at a lower rate than their American counterparts, according to the sources.
  • The federal contractor watchdog, which uncovered the alleged discrimination as part of a routine audit, is currently discussing the settlement of a violation notice issued to Cisco earlier this year.
  • Labor Department spokeswoman Megan Sweeney declined Bloomberg Law’s request for comment.
  • A Cisco spokesperson didn’t immediately respond to Bloomberg Law’s request for comment.
  • The probe is one of several ongoing investigations into possible discrimination by federal contractors against visa holders.

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Saudi Arabia is talking to an electric-car maker about a deal — and it's not Tesla

  • A deal with Lucid Motors would also be more in line with PIF's limited resources, given that, despite its $250 billion in assets, PIF has already made substantial commitments to other technology companies or investments, including a $45-billion agreement to invest in a giant technology fund led by Japan's SoftBank Group.
  • PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain majority ownership, the sources said.
  • PIF's first investment in Lucid Motors, however, would be for $500 million, and subsequent cash injections would come in two stages that are contingent on Lucid Motors hitting certain production milestones, one of the sources added.
  • The talks between PIF and Lucid Motors may not result in a deal, the sources cautioned.

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Former Trump lawyer Michael Cohen reportedly investigated for bank fraud exceeding $20 million

  • Michael Cohen, President Donald Trump's former lawyer, is under investigation for bank and tax fraud, and investigators are looking at more than $20 million in loans to a taxi company he owns with his family, The New York Times reported on Sunday.
  • The bank fraud portion of the investigation centers on whether Cohen misrepresented the value of his holdings in order to secure loans from two New York lenders, Sterling National Bank and the Melrose Credit Union, the report said.
  • The Times added that there's no indication Cohen missed payments or caused losses to either financial institution, which, according to the paper, is usually part of a bank fraud charge.
  • For more on the investigation of Michael Cohen, see the full report from The New York Times.

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Twitter CEO Dorsey admits not being clear on company's goals amid right-wing ban controversies

  • Twitter CEO Jack Dorsey believes he has not been transparent enough about his goals for the company, even as it reviews its policies on disciplining users for violating the platform's rules.
  • The CEO highlighted political dialogue on the site as some of the most contentious, but added that other Twitter users, like those about sports or music, tend to be more civil.
  • The company's handling of polarizing political figures was tested last week, after Twitter restricted the account of right-wing media personality Alex Jones for violating its policies.
  • In addition to crackdowns on certain users, Twitter has been deleting so-called "locked accounts" as part of its larger initiative to cleanse the platform of bots.
  • These are profiles that Twitter locks if they exhibit suspicious behavior like tweeting a large amount of unsolicited replies or mentioning users en masse.
  • CNN's "Reliable Sources" interview with Twitter CEO Jack Dorsey can be found on its website.

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Saudi PIF in talks to invest in aspiring Tesla rival Lucid -sources

  • PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund an offer to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday.
  • The talks between privately-held Lucid Motors and PIF underscore the latter's appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom's investment portfolio.
  • A deal with Lucid Motors would also be more in line with PIF's limited resources, given that, despite its $250 billion in assets, PIF has already made substantial commitments to other technology companies or investments, including a $45 billion agreement to invest in a giant technology fund led by Japan's SoftBank Group Corp.

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Giuliani just admitted the 2016 Trump Tower meeting was to get dirt on Clinton

  • President Donald Trump's attorney Rudy Giuliani admitted Sunday that the controversial 2016 meeting at Trump Tower between Trump campaign officials and a Kremlin-linked attorney was to get "dirt" on his Democratic opponent, Hillary Clinton.
  • Appearing on NBC's "Meet the Press," Giuliani sparred with host Chuck Todd over what could count as collusion between the Trump campaign and Russia.
  • The meeting involved Natalia Veselnitskaya, a Kremlin-linked lawyer, and Trump's oldest son.
  • Donald Trump Jr. was one of three top Trump campaign officials, along with Paul Manafort and Jared Kushner, who met with the Russian lawyer and several other Kremlin-linked individuals at Trump Tower in June 2016.
  • "If this is their case for collusion, good luck Mueller," Giuliani continued, referring to special counsel Robert Mueller, who is investigating Moscow's interference in the 2016 election and the Trump campaign's possible coordination with Russia.

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Melania reportedly bought modern furniture for the White House, and then Trump replaced it while she was gone with gilded, 'Louis XIV' style pieces

  • When President Donald Trump moved into the White House in January 2017, his wife stayed behind in New York for a few months so that their son could finish the school year.
  • In that time, she reportedly picked out furniture for their private quarters at the White House that reflected her taste in "clean, modern lines," two sources told The New York Times in a report published Friday.
  • But while she was away, sources said the president replaced Melania's furniture with pieces in the "gilded, triumphal style of Louis XIV" that he so favors.
  • When questioned by The Times about the alleged furniture overhaul, the first lady's spokeswoman, Stephanie Grisham, said the White House decorating was a mutual decision.

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Theresa May's government has no deal Brexit plans for 84 areas of British life — here's the full list

  • LONDON — The UK government's preparations for crashing out of the European Union with no deal cover 84 areas of British life, a new leak has revealed.
  • Theresa May's government will soon publish an array of technical notices for British businesses and households, explaining what contingency plans the UK has in place in the event of a no deal Brexit.
  • These notices —which government sources insist will show the UK "will be ready" for the hardest of Brexits — come amid warnings that leaving the EU with no deal could trigger chaos, like a shortage in food and medicines.
  • BuzzFeed has published the full list of the 84 areas of life that May's government is producing no deal Brexit plans for.
  • While the government has reportedly written the technical notices in a neutral tone, it is understood that the intention is to reframe the debate by highlighting the potential wide-ranging dangers of no deal.

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Theresa May's government has no deal Brexit plans for 84 areas of British life — here's the full list

  • LONDON — The UK government's preparations for crashing out of the European Union with no deal cover 84 areas of British life, a new leak has revealed.
  • Theresa May's government will soon publish an array of technical notices for British businesses and households, explaining what contingency plans the UK has in place in the event of a no deal Brexit.
  • These notices —which government sources insist will show the UK "will be ready" for the hardest of Brexits — come amid warnings that leaving the EU with no deal could trigger chaos, like a shortage in food and medicines.
  • BuzzFeed has published the full list of the 84 areas of life that May's government is producing no deal Brexit plans for.
  • While the government has reportedly written the technical notices in a neutral tone, it is understood that the intention is to reframe the debate by highlighting the potential wide-ranging dangers of no deal.

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