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Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

NEW YORK (AP) — A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance.

The order, reached March 31 and published publicly on Monday, arrives over eight years after the Federal Deposit Insurance Corporation sued Bank of America in 2017.

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“We are pleased the judge has ruled and have reserves reflecting the decision,” Bank of America said in a statement to The Associated Press. The FDIC declined to comment when reached Tuesday. read more

As Trump considers auto tariffs pause, parts exemptions could be key for US industry

As Trump considers auto tariffs pause, parts exemptions could be key for US industry

By ALEXA ST. JOHN

DETROIT (AP) — President Donald Trump hinted that he might temporarily relieve the auto industry from “permanent” tariffs he previously imposed on the business. The president didn’t specify how long the potential pause would be or what it would entail, but the auto sector is awaiting how rules might change on 25% tariffs based on U.S. parts, if duties remain on assembled vehicles.

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Experts have said short pauses aren’t likely to give carmakers enough of an opportunity to adjust their vast global supply chains, though parts exemptions would certainly bolster the industry amid Trump’s trade war whiplash. read more

Japan’s anti-monopoly watchdog accuses Google of violations in smartphones

Japan’s anti-monopoly watchdog accuses Google of violations in smartphones

TOKYO (AP) — Japanese regulators on Tuesday accused U.S. tech giant Google of violating anti-monopoly laws, echoing similar moves in the U.S. and Europe.

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Google Japan said in a statement that it found the action “regrettable.” It said it has invested in Japan significantly to promote innovation as a technology leader.

The Japan Fair Trade Commission’s “cease and desist order” says Google must stop the pre-installation of the Google search engine in Android smartphones, which it said in effect shuts out competition. read more

Starbucks imposes new limits on what baristas can wear under their green aprons

Starbucks imposes new limits on what baristas can wear under their green aprons

By DEE-ANN DURBIN

Starbucks is imposing new limits on what its baristas can wear under their green aprons.

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Starting May 12, employees will be required to wear a solid black shirt and khaki, black or blue denim bottoms. Shirts can be short- or long-sleeved and collared or collarless, the company said in a memo released Monday. Starbucks will give each employee two free T-shirts.

Starbucks said the new dress code will make its green aprons stand out and create a sense of familiarity for customers. It comes as the company is trying to reestablish a warmer, more welcoming experience in its store. read more

Disney Cruise Line adding modern touches to new ‘Hercules’ show

Disney Cruise Line adding modern touches to new ‘Hercules’ show

The latest telling of “Hercules” will feature high fashion, Hydra puppetry, on-the-move scaffolding and a new song when it’s staged aboard the new Disney Destiny cruise ship later this year.

“We’re going to be able to bring this show into the 21st century in a way we’ve never seen before,” creative director Michael Serna said during a showcase to spotlight elements of the vessel

A panel about “Hercules” also included co-directors Kevin Wilson and Marcel Wilson as well as Jeff Conover, creative director with puppetry and articulation for Walt Disney Imagineering.

“We really wanted to think about set design. We really wanted to be contemporary. We thought about the costuming. We wanted to be extravagant, and then we want to do current choreography,” Kevin Wilson said.

“So we really wanted to make sure that those elements in the show, they felt fresh, new, but it still had the heart and soul of the show that everyone knows,” he said.

New Disney Cruise Line ship gets 1st taste of water read more