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Recent Articles from Ana Mrdalj
Former Worley & Obetz controller pleads guilty to role in fraud that sank company
Karen Connelly, 65, of Manheim, pleaded guilty to one count of bank fraud for her role in a scheme that fooled Fulton Bank into lending the company $74 million over 15 years.
Engine maker helping air travel reduce carbon emissions
Aviation businesses are concerned about keeping their costs low in addition to making their equipment more energy efficient.
Boeing CEO Dennis Muilenburg gets vote of confidence, offers to forgo bonuses amid 737 Max crisis
Boeing’s new chairman gave Dennis Muilenburg a vote of confidence on Tuesday and said the embattled CEO has offered to forgo all bonuses this year as the company grapples with the fallout of two crashes of the 737 Max.
McDonald’s ousted CEO Steve Easterbrook steps down from Walmart board
Ousted McDonald’s CEO Steve Easterbrook has resigned from the board of Walmart, effective immediately, according to a Securities and Exchange Commission filing on Tuesday. Easterbrook’s decision to resign was not due to any disagreement with Walmart, the retailer said in the filing.
Veteran of Disney World joins Strasburg Rail Road as new general manager
At Strasburg Rail Road, Tony Gebbia succeeds the late Craig Lefever, a longtime employee who took over in December 2018 from Linn Moedinger, whose parents were among Strasburg Rail Road’s original stockholders in 1958. But Lefever died this past June. An interim leadership team oversaw the railroad’s daily operations until a new leader could be found.
Google workers pen open letter to company demanding climate action
In an open letter published Monday addressed to Google CFO Ruth Porat, workers are asking for a climate plan that incorporates specific asks that have similarly been set by workers at other tech companies, including Amazon and Microsoft.
Bank of America will pay a $20 minimum wage a year earlier than planned
The American job market remains tight, and banks are scrambling to find people who want to work at their branches. That's why Bank of America is raising its minimum wage to $20 an hour in 2020 — a year earlier than expected.
Mack Truck workers ratify four-year pact after 12-day strike
Mack Truck workers in Pennsylvania and two other states have ratified a four-year collective bargaining agreement reached after a 12-day walkout last month.
Under Armour says US investigators are probing its accounting practices
Under Armour's accounting practices are under investigation in the United States, heaping pressure on the struggling company as it seeks to reverse years of lackluster sales. The sportswear maker acknowledged in a statement Sunday that it faces probes from the US Department of Justice and the US Securities and Exchange Commission.
Apple will spend $2.5 billion to help solve California’s housing crisis
Apple announced a $2.5 billion financial package to help address the housing crisis in California, which has worsened in part because of the rapid growth of tech companies. The company laid out a five-point plan, including $1 billion for an affordable housing investment fund, $1 billion in mortgage assistance for first-time home buyers and opening some Apple-owned land valued at $300 million for d[...]
Pennsylvania Turnpike plans to be all-cashless by fall 2021; hundreds of jobs to be eliminated
After four years of testing, the Pennsylvania Turnpike says it plans to move ahead with a $129 million project to become a completely cashless toll system in two years, eliminating hundreds of toll collecting and auditing positions along the way.
Saudi Arabia announces IPO of world’s most profitable company
Following approval from the country's regulators, Saudi Aramco on Sunday formally announced its intention to float shares on the Tadawul exchange in Riyadh. Aramco executives will now embark on an international roadshow to court investors, and a prospectus outlining the company's financial details is expected later this month.
