Browsed by
Month: August 2023

Musk promises to fund legal fights of discriminated X users

Musk promises to fund legal fights of discriminated X users

By Michael Sin and Vlad Savov, Bloomberg News

Elon Musk has offered to fund the legal bills of any users of his social network, X, who’ve been discriminated against by their employer because of their actions on the platform.

The proposal comes with “no limit” on costs and X Corp. will “go after the boards of directors of the companies too,” he said in messages posted to the site Saturday night. The billionaire, who acquired Twitter for $44 billion in October and recently rebranded it as X, has made a habit of announcing major policy changes for the service late at night or over weekends. The X rebrand happened over the course of a weekend in July.

Musk has been responding affirmatively to suggestions posted to X of cases his company could support.

Musk himself has been known to throw barbs against former employees and critics. Amid firing thousands after his purchase of Twitter, the billionaire publicly mocked senior director Halli Thorleifsson after the worker tried to gain clarity on his employment status at the company. read more

Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

By WYATTE GRANTHAM-PHILIPS (AP Business Writer)

NEW YORK (AP) — Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.

The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. While a Chapter 11 filing is used to restructure debt while operations continue, Yellow, like other trucking companies in recent years, will liquidate and the U.S. will join other creditors unlikely to recover funds extended to the company.

Yellow fell into severe financial stress after a long stretch of poor management and strategic decisions dating back decades.

In 2019 two trucking companies, Celadon and New England Motor Freight, file for bankruptcy protection and liquidated.

Former Yellow customers and shippers may face higher prices as they take their business to competitors, including FedEx or ABF Freight, experts say — noting Yellow historically offered the cheapest price points in the industry. read more

Travel Troubleshooter: Should Overseas Adventure Travel cover fare after cancellation?

Travel Troubleshooter: Should Overseas Adventure Travel cover fare after cancellation?

DEAR TRAVEL TROUBLESHOOTER: I booked a trip for two to Costa Rica through Overseas Adventure Travel last year. It included pre-trip and post-trip extensions and round-trip airfare from San Francisco. I also paid for a business class upgrade, which cost $2,032 per person.

In late December 2022, I received a call from Overseas Adventure Travel advising that it had canceled the pre-trip portion due to a lack of interest. I had to rebook the airline tickets because the departure date would now be different. Because we were only two months from departure, the cost for this rebooking was an additional $1,056 per person, which the agent advised I would have to pay.

I appealed the decision to the executive contacts on your website, but never got a response.

During the trip, I spoke to some of the travelers who indicated they had inquired last October about the pre-trip. Overseas Adventure Travel told them that the pre-trip had been canceled, but the company waited another two months to advise me of the cancellation. If it had told me immediately, once the decision was made, that the pre-trip was canceled, the airfare would have been much less than it was two months before departure. read more