>>Tesla Investors Argue Against CEO Pay Package
(Austin, TX) -- A group of Tesla investors is urging Tesla shareholders to vote against CEO Elon Musk's 56-billion-dollar pay package. The group issued an open letter Monday criticizing the package as against Tesla's interests, arguing the company's board has failed to reign in Musk, including his fights with regulators and controversial public statements. That, they say, has led to a decline in the electric automaker's reputation and has had a negative affect on the bottom line. Signers of the letter include New York City Comptroller Brad Lander, a Danish pension fund and others. The vote is scheduled for next month.
>>Senate Investigation: Major Automakers Bought Parts Made With Forced Chinese Labor
(Washington, DC) -- A Senate panel finds several major automakers bought parts made with forced labor in China. An investigation by the Senate Finance Committee claims BMW, Jaguar Land Rover and Volkswagen purchased parts flagged by the U.S. government in connection to forced labor camps. Those camps are in an area of China home to the Uighur [[ wee-gr ]] minority group of Muslims. The probe also found that BMW and Jaguar Land Rover continued importing the parts as recently as last month, despite knowing of the forced labor.
>>Red Lobster Files For Bankruptcy
(Orlando, FL) -- Red Lobster is filing for bankruptcy. The casual dining giant filed for voluntary Chapter 11 bankruptcy, but plans to remain open even as it closes locations across the U.S. The popular chain had previously announced plans to close 99 locations as it deals with its financial problems. Red Lobster was founded in 1968 and had grown to nearly 700 nationwide locations as of 2019, but has seen a significant dip since the pandemic.
>>Panera Bread Subject Of Another Lawsuit
(Monroeville, PA) -- A new lawsuit claims a Pennsylvania teen had to be resuscitated in March when he went into cardiac arrest after drinking Panera Bread's Charged Lemonade. The suit comes just two weeks after the restaurant announced it would discontinue the drink. It's at least the fourth lawsuit filed against Panera over the beverage, which has been blamed for two deaths and one woman's permanent health issues. Panera denies any wrongdoing.
>>Nvidia, Target To Announce Earnings This Week
(Undated -- A major earnings report is due to be announced this Wednesday. Valued at two-point-three trillion dollars, Nvidia is the third largest stock on the S&P 500. The chip maker is large enough to cause the markets to move significantly with its report. Another big name due to report this week is Target. The retail giant has been trying to bring back shoppers who are wary of inflation. That led to an announcement Monday that prices would be slashed on more than 15-hundred items.
>>Real Estate Seen As Best Long-Term Investment
(Washington, DC) -- Americans still say real estate is the best long-term investment as of 2024. A new Gallup survey shows it's the 12th year in a row that respondents ranked real estate as the top long-term investment at 36-percent of those asked saying so, although the number has gone down compared to a few years ago. Stocks and gold follow real estate in the survey.
