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San Diego, CA

Business
NY Costco Workers Practice Picketing, Union Approves Strike Over Wholesaler's 'Greed' NY Costco Workers Practice Picketing, Union Approves Strike Over Wholesaler's 'Greed'
NY Costco Workers Practice Picketing, Union Approves Strike Over Wholesaler's 'Greed' Workers at America's largest wholesale retailer may soon go on strike as the corporation has seen profits skyrocket in recent years, union officials said. Costco workers nationwide voted by an overwhelming 85-percent margin to authorize a strike, the International Brotherhood of Teamsters said in a news release on Monday, Jan. 20. The Teamsters cited the retail giant's dramatic surge in net profits and refusal to offer a fair contract. More than 18,000 union-member employees are set to strike if a new agreement isn't reached by the time the current one expires on Friday, Jan.…

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by Chris Spiker
Business
Ousted NY CEO Dodges $12K In Losses Trading On Insider Info, Feds Say Ousted NY CEO Dodges $12K In Losses Trading On Insider Info, Feds Say
Ousted NY CEO Dodges $12K In Losses Trading On Insider Info, Feds Say The former CEO of a New York telecommunications company is accused of engaging in insider trading just hours after he was fired, dodging thousands in losses. Ken Peterman, 67, was arrested Wednesday, Dec. 11, on federal charges of insider trading and securities fraud. Prosecutors said Peterman exploited non-public information about Melville-based Comtech Telecommunications’ poor financial performance and his impending termination to sell company shares, avoiding significant financial losses. According to the US Securities and Exchange Commission (SEC), he violated two trading blackouts whe…

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by Michael Mashburn
News
DA Recommends Menendez Brothers With Rockland County Ties Be Resentenced DA Recommends Menendez Brothers With Rockland County Ties Be Resentenced
DA Recommends Menendez Brothers With Rockland County Ties Be Resentenced Los Angeles County District Attorney George Gascón has recommended brothers Lyle and Erik Menendez, who spent their childhoods in New Jersey and New York, be resentenced after spending decades in prison for the shotgun murder of their parents in their Beverly Hills mansion. The brothers, now in their 50s, should be freed and placed on parole for the murders of their parents Jose and Kitty Menendez in August 1989, Gascón said at a news conference Thursday, Oct. 24, that comes amid worldwide viewership of a series on their story on Netflix. The case now moves forward to a Los A…

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by Zak Failla