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The Mega Millions jackpot increases to $650 million if no ticket matches the winning numbers

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The Mega Millions jackpot grew to an estimated $650 million after no one had the same winning tickets in Friday night's drawing.

The winning numbers drawn for Friday night's $607 million drawing were 61, 33, 15, 37 and 55 with a Megaball of 24. The Megaplier was 4X.

The next Mega Millions drawing takes place on Tuesday, with players hoping to win the estimated $650 million jackpot, which comes with a cash option of $308.6 million. Winners typically select the cash prize above the Mega Millions Annuity, which is paid as an immediate payment followed by 29 annual payments.

The Mega Millions jackpot rises to $607 million ahead of Friday's drawing, making it the eighth-largest prize in the game's history

The winning numbers drawn for Friday night's $607 million drawing were 61, 33, 15, 37 and 55 with a Megaball of 24. The Megaplier was 4X. (Jakub Porzycki/NurPhoto via Getty Images) / Getty Images)

The odds of winning the top prize are 1 in 302,575,350.

The Mega Millions jackpot was last won on December 8, when two winners in California matched all six numbers and took home the $395 million prize.

The record jackpot of $1.602 billion was won in Florida on August 8, 2023. This prize is the world's largest lottery prize ever won with a single ticket.

The winner of Florida's $36 million Mega Millions jackpot never claimed it

The odds of winning the top prize are 1 in 302,575,350. ((Photo illustration by Justin Sullivan/Getty Images) / Getty Images)

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The current jackpot of $650 million is the seventh largest prize ever offered in the game.

Mega Millions is played in 45 states as well as Washington, DC and the U.S. Virgin Islands. The deadline for purchasing tickets is 9:45 p.m. on draw nights.

The Mega Millions jackpot increases to $650 million if no ticket matches the winning numbers Read More »

California approves Waymo expansion to LA and highways.jpgw1440

California approves Waymo expansion to LA and highways

SAN FRANCISCO – California regulators granted Alphabet's self-driving car division Waymo permission on Friday to expand its robotaxi service to highways in several Bay Area cities and large parts of Los Angeles to have on city streets.

The California Public Utilities Commission (CPUC) decision allows the company to deploy its robotaxis on local streets and highways at speeds of up to 65 miles per hour. But Julia Ilina, a spokeswoman for Waymo, said in a statement that the company wants to take a “cautious and gradual approach to expansion” and has “no immediate plans” to expand its robotaxi service to highways.

The ruling still represents a massive expansion for the company, which has been offering its 24/7 robotaxi service in San Francisco and Phoenix for months. The company tests its cars on highways in California with a safety driver behind the wheel, but in Phoenix the tests don't involve a human driver on highways, Ilina said. The company is currently not transporting passengers on highways.

Friday's decision follows fierce opposition from local officials — particularly in San Mateo and Los Angeles counties — who sought to stop the expansion, arguing that they should have more power over how and whether the technology is used on their streets becomes. In a November letter to the state commission, Los Angeles Mayor Karen Bass said she was concerned about the “adverse impacts” the expansion would have.

“In a city that spans 500 square miles, has a population of about 4 million, and has 7,500 miles of roads, the risk is exponentially greater,” she wrote.

But the CPUC, which regulates the technology for the state, said in its decision that Waymo had “meeted the requirements” and may expand immediately. Despite the opposition, Waymo also received support from a number of groups in California – including the California Chamber of Commerce and the California Bicycle Coalition.

“CalBike sees autonomous driving technology as an opportunity to improve roads across California and the country,” the coalition said in a statement. “Waymo’s technology has the potential to create a safer road environment by eliminating human error and adhering to traffic rules, such as speed limits, that many human drivers do not follow.”

Still, fears of self-driving cars are likely to continue in California, where several incidents last month fueled officials' safety concerns about vehicles coming to their cities. For example, on several days in February, a Waymo vehicle crashed into a closing gate while leaving the University of Southern California campus, and the next day another car collided with a cyclist in San Francisco.

Then, days later, the company announced a voluntary recall of its software for an incident involving a pickup truck in Phoenix.

There were no major injuries in any of the incidents.

Ilina said the company is “grateful to the CPUC for this vote of confidence in our operations.”

“We are incredibly grateful to the drivers and community partners who have supported our service to date – including over 15,000 rides in LA to date – and look forward to bringing the benefits of fully autonomous ride-hailing to even more people,” she said .

California approves Waymo expansion to LA and highways Read More »

Lawyers who scuttled Musk39s pay package are demanding 6 billion

Lawyers who scuttled Musk's pay package are demanding $6 billion in Tesla shares

Downward Angle Symbol A symbol in the form of an angle pointing downwards. Advertisers have fled X in recent months following a series of controversies surrounding its owner Elon Musk. Antonio Masiello

  • Lawyers for a Tesla shareholder have successfully secured Elon Musk's $56 billion pay package from Tesla.
  • Now they're asking a judge to give away about 11% of Tesla's shares, worth about $6 billion, for legal fees.
  • Musk called the request “criminal.”

Lawyers for a Tesla shareholder have successfully argued in a Delaware court that Elon Musk doesn't deserve a $55 billion compensation package for his work at the electric vehicle company.

Instead, part of that compensation package should go to them in the form of legal fees, the lawyers argued to a Delaware judge.

The lawyers argued in a statement of claim filed Friday that the fee for their litigation work represents about 11% of the salary package. That equates to approximately $5.96 billion worth of Tesla stock, based on the company's current stock price of $202.64 per share.

Chancellor Kathleen McCormick of the Delaware Chancery Court must now decide how much of the compensation package can be used for legal fees.

Tesla and Musk still have the opportunity to appeal the overall decision to void the CEO's stock options.

According to the Journal, plaintiffs' attorneys typically receive one-third of a verdict or settlement amount. The attorneys argued in their filing that they were not seeking the “33% of quantifiable benefit granted” based on “well-established precedent.”

“Plaintiff’s counsel was not paid for their work, nor were they reimbursed for any costs or expenses, and litigating this action required significant expenditure of time and resources by Plaintiff’s counsel over a period of six years, including significant out-of-pocket expenses. “Costs,” the lawyers wrote.

Unsurprisingly, Musk is not happy with the lawyers' demand.

“The lawyers who did nothing but damage Tesla want $6 billion,” he wrote on X on Friday evening. “Criminal.”

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In 2018, Richard Tornetta, a former heavy metal drummer and Tesla shareholder, sued the electric vehicle company, claiming that the Tesla CEO used his close relationships with the company's board members to secure a massive pay package, and that the company thereby breached its fiduciary duties to its shareholders.

McCormick agreed with Tornetta in January and rejected Musk's pay package.

The decision infuriated Musk, who later announced on X that you should “never incorporate your company in the state of Delaware.”

Tornetta's lawyers, including lead attorney Greg Varallo of Bernstein Litowitz Berger & Grossman, wrote in Friday's court filing that his team was ready to “eat our food.”

The plaintiff's team also included the law firms Andrews & Springer and Friedman Oster & Tejtel.

The lawyers realized that the payday would be a record-breaking claim.

“We recognize that the requested fee is unprecedented in its absolute magnitude,” he said in the filing. “The amount of the award sought is great because the value of the benefit that plaintiff’s counsel obtained for Tesla was enormous.”

Musk did not immediately respond to a request for comment sent outside of business hours.

Lawyers who scuttled Musk's pay package are demanding $6 billion in Tesla shares Read More »

Boeing is negotiating to acquire Spirit Aerosystems

Boeing is negotiating to acquire Spirit Aerosystems

March 1, 2024

Updated 8 hours ago

Image source: Getty Images

Boeing is in talks to acquire Spirit Aerosystems, the supplier that has been involved in many of its recent production problems.

The company, a leading global supplier of aircraft parts, was spun off from Boeing in 2005 as part of a cost-cutting move.

The company continues to rely on Boeing for more than two-thirds of its business.

Boeing is under pressure over its production pipeline after part of one of its planes exploded in mid-air in January.

The U.S. government's investigation into the explosion found that at Boeing's Washington plant, screws securing the plate had been removed, apparently to repair damaged rivets, and were never reinstalled.

The part was manufactured by Spirit before being sent to Boeing for final assembly.

This week, the Federal Aviation Administration (FAA), which has been investigating Boeing since the incident, gave Boeing 90 days to develop a “comprehensive action plan” to improve its safety management systems.

Boeing has already worked closely with Spirit to address a number of quality issues that caused delays in aircraft deliveries and led to the appointment of a new CEO at Spirit last year.

In a statement to Portal on Friday, Boeing said: “We believe that the reintegration of Boeing and Spirit AeroSystems' manufacturing operations would further strengthen aviation safety, improve quality and serve the interests of our customers, employees and shareholders.”

Spirit shares rose more than 10% on Friday after reports of takeover talks, giving it a market value of more than $3.7 billion.

But Boeing shares fell more than 1% after the discussions were first reported in the Wall Street Journal.

Spirit, which the Journal said is also considering a sale of its Northern Ireland unit to Airbus, did not respond to the BBC's request for comment.

Spirit employs more than 20,600 people worldwide, including around 3,400 in Belfast and 1,120 in Prestwick.

Boeing is negotiating to acquire Spirit Aerosystems Read More »

1709361222 The CEO of Olymel needs his 1500 foreign temporary workers

The CEO of Olymel needs his 1,500 foreign temporary workers

While Quebec wants to “reduce the number of foreign workers,” Olymel says it cannot do without its 1,500 temporary foreign workers (TETs), who over the years have become team leaders, foremen and supervisors in the organization.

“They have really risen in the organization. “It's a nice welcome for new people who see this and say to themselves that there is potential,” explains Yanick Gervais, CEO of Olymel, in an interview with the Journal, which reported stable sales of 4.7 billion US dollars on Thursday -dollars, compared to $4.6 billion the previous year.

Without them, “we certainly wouldn’t be in the same place at all,” he adds. “We will be dependent on foreign workers in the future,” he emphasizes.

Last Monday, Labor Minister Kateri Champagne Jourdain announced in an interview with the Journal her intention to “reduce the number of foreign workers” by finding other ways to increase productivity.

“No difference”

Three days later, Olymel's No. 1 extolled the virtues of the temporary foreign worker program.

“A foreign worker who is very well integrated into his environment makes no difference to us,” says Yanick Gervais, head of Olymel.

“The nice thing about our factories is that we're local, so they're not people coming here to stay near Montreal,” he continues.

The CEO of Olymel needs his 1,500 foreign temporary workers

Provided by Olymel

Yamachiche, Saint-Esprit, Berthierville… Yanick Gervais confirms that almost all foreign workers who can go elsewhere after their two-year residence permit choose to stay at Olymel.

“It’s becoming increasingly difficult to find people who want to do a little more manual work,” he says.

In addition, after the dark year of 2023 with 1,500 layoffs, notably 994 at the Vallée-Jonction plant, the CEO of Olymel assumes that he will not have to make further layoffs of this magnitude this year.

The CEO of Olymel needs his 1,500 foreign temporary workers

Paul Beauchamp, 1st Vice President of Olymel, Yanick Gervais, CEO and Louis Banville, Vice President, Human Resources. Photo Francis Halin

“Are mega layoff announcements of 900 people to be expected? “There are none,” he swears.

Can you share information about this story?

Write to us or call us directly at 1 800-63SCOOP.

The CEO of Olymel needs his 1,500 foreign temporary workers Read More »

Lawyers who dismissed Elon Musk's salary as excessive demand $6 billion worth of Tesla shares | Elon Musk

Elon Musk

Three companies that represented a Tesla shareholder are demanding a record fee from the electric vehicle maker because they benefited from the return of Musk's stock options

Portal

Lawyers who successfully argued that Elon Musk's $56 billion pay package was excessive are seeking a record $6 billion in legal fees, payable in the electric car maker's shares, a court filing says.

“We recognize that the fee requested is unprecedented in its absolute magnitude,” the three law firms said in the filing Friday in Delaware Chancery Court.

The fee amounts to an hourly rate of $288,888, according to the filing.

The electric vehicle maker is being ordered to pay the fee because it benefited from the return of Musk's pay package, which the legal team says will result in the return of 266 million shares to the automaker.

Elon Musk is suing OpenAI and accuses it of putting profit over humanity

“This structure has the advantage of directly linking the premium to the benefit created and avoiding taking even a penny from Tesla's balance sheet to pay fees,” the shareholders' legal team said, pointing out , that the fee for Tesla is also tax deductible.

The fee is being sought by lawyers who represented Richard Tornetta, a Tesla shareholder who sued Musk in 2018 over the pay package, which a Delaware judge rejected in January.

The three law firms are Bernstein Litowitz Berger & Grossmann and Friedman Oster & Tejtel, both based in New York, and Andrews & Springer of Wilmington.

The fee request must be approved by Kathaleen McCormick, the judge overseeing the case. In her January ruling, she called Musk's salary “unfathomable.”

Tesla, Musk's lawyer and Musk did not immediately respond to a request for comment.

The company may object to the fee as it has a fee application for the remuneration of its directors in a similar case.

The largest settlements in shareholder lawsuits take place in federal court, where the largest settlement in 2008 was $688 million for the legal team involved in a securities fraud case over Enron Corp.'s failure. reached a $7.2 billion settlement.

The Tesla fee request comes as the Delaware Supreme Court is considering an appeal of a $267 million fee in a case in which Dell Technologies is negotiating a $1 billion settlement became.

Delaware judges said that pursuing cases deep into litigation, through depositions and through trial, should receive a higher percentage of recovery to reflect the risk and effort. A week-long trial was held in the Musk salary case.

Opponents of this approach argued that as settlements and verdicts increase in size, lawyers should collect a decreasing percentage to avoid overcompensation.

The legal team said the requested fee was approximately 11% of the judgment amount.

Musk's pay package consisted of stock options that allowed him to purchase Tesla shares at deeply discounted prices and required him to hold the shares for five years. The legal department said it was looking for shares without sales restrictions.

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New collective agreement Ore Iron Quebec employees are among the

New collective agreement: Ore Iron Quebec employees are among the highest paid

The majority of Iron Ore Quebec employees (86.7%) signed a new five-year collective agreement that announced salary increases of up to 30.62%.

• Also read: Champion Iron is moving forward with its $470 million project near Fermont

“This contract makes the Quebec company Ore de fer Québec one of the mines where employees are paid the best. “This is thanks to the presence of the steelworkers, who were able to negotiate on an equal footing, so that the workers were taken into account and valued according to their contribution to the success of the mine,” argued the president of the local section on Friday. 9996, Sébastien Bergeron, via press release.

The average increase is forecast to be 26.25% over a five-year period, reaching 30.62% for day laborers.

Salaries are expected to increase by 13.25% in the first year, by 3% in the following three years and finally by 4% in the final year.

Day laborers will therefore go from a salary of $39.79 an hour to $53.45 over the five years, while electricians will go from a salary of $50 an hour to $65 at the end of the contract will rise, said the Union of Steelworkers (FTQ).

The additional 4.37% increase for day laborers is justified by the reclassification in the pay scale, making them the highest paid workers on the North Shore, the company said.

The overnight premium was also increased from $1.50 to $2, the highest among North Coast mining companies. Group insurance has also been improved.

About sixty improvements were made to the normative part of the employment contract and a clause on permanent employment of seasonal workers was negotiated.

“The extent of improvements in the normative aspects of the contract made it possible to conclude an agreement with a longer duration, i.e. 5 years. These changes have resulted in greater equity and stability for workers,” said Marc Tremblay, representative of the Steelworkers union.

The ratification of the Convention followed a series of general meetings held from Monday to Thursday at which an agreement in principle was presented.

New collective agreement: Ore Iron Quebec employees are among the highest paid Read More »

YouTube fires 43 unionized Google contractors after they appeal to.jpgw1440

YouTube fires 43 unionized Google contractors after they appeal to the City Council

A YouTube contractor addressed the Austin City Council on Thursday, urging him to pressure Google into negotiations with its union when a colleague interrupted him with stunning news: His 43-person contractor team had all been laid off.

“I was speechless, shocked. I didn’t know what to do,” Jack Benedict, a YouTube data analyst who spoke to the city council, told The Washington Post. “But upset, that was the main feeling.”

The council meeting was broadcast live online and has since been shared on social media. The contractors view the layoff as retaliation for unionization, but Google and IT subcontractor Cognizant said it was the normal end of a business contract. The possibility of layoffs spreading through social media highlights how often the painful experience of job loss is made public, from employees sharing recordings of Zoom meetings to posts about their unemployment.

The rising tensions between YouTube and Google contractors come as mass layoffs continue in the tech industry – unsettling workers and emboldening companies. Google has already made cuts in the last two years.

Big Tech isn't done with layoffs yet, as Google and Amazon announce cuts for 2024

Google has long been at odds with many of its contractors, who want to receive the benefits and high wages that full-time Google employees are accustomed to. The company employs tens of thousands of contractors who do everything from catering to sales to writing code.

YouTube workers working for Google and Cognizant voted unanimously to unionize into the Alphabet Workers Union-CWA in April 2023. Since then, workers say Google has refused to negotiate with them. Thursday's firing is a sign of ongoing tensions between Google and its workers, some of whom formed a union in 2021.

Google claims that Cognizant is responsible for the employment and working conditions of contractors and is therefore not responsible for negotiating with them. Cognizant said it is offering employees seven weeks of paid time to explore other roles in the company and take advantage of training resources.

Last year, the National Labor Relations Board ruled that Cognizant and Google are joint employers of the contractors. In January, the NLRB sent a cease-and-desist letter to both employers for failing to negotiate with the union. Since then, the question of joint employment has arisen, which would ultimately decide which company is responsible for negotiations, has ended up in an appeals court and has yet to be decided. The Alphabet Workers Union said Google never negotiated with either of its two bargaining units. Google said it was not responsible for negotiating with the union by Cognizant employees.

“We have no objection to these Cognizant employees’ decision to form a union,” said Courtenay Mencini, a Google spokeswoman. “We simply believe that it is only appropriate for Cognizant as an employer to engage in collective bargaining.”

Cognizant did not comment on the workers' claim that it refused to negotiate with the union, but issued the following statement: “While we respect our employees' right to unionize, our philosophy is that we do so through direct, “Open dialogue and collaboration work best together,” said Cognizant spokesman Bill Abelson.

The team responsible for ensuring music content is available and approved for YouTube Music's 80 million subscribers has unionized to fight for better pay and benefits. Workers say they receive no sick pay, minimal benefits and are paid just $19 an hour, forcing some to work multiple jobs to make ends meet.

Workers took part in two strikes: a month-long walkout in February 2023 over Cognizant's return policy, which led to the departure of about 20 percent of the team, and a one-day strike break in September over Google and Cognizant's refusal to negotiate. After the strikes, workers were asked to train agents in India on how to do their jobs so they could fill in during holidays or if the workers ever went on strike, Benedict said.

Benedict expected Thursday to be a victorious moment as the council was expected to vote for a resolution supporting workers. Instead, workers were told by the council ten minutes before the meeting that the vote would be postponed but they would still be allowed to speak. During the speech, the team working in the office was called into a meeting and told that they no longer had jobs. They texted workers at the council meeting to let them know.

“I don’t think they could have delivered the news at a worse time,” Benedict said. “Things are looking really bad for them.”

Sam Regan, a data analyst for YouTube Music, was in the office when the firing occurred. The mood was suspicious, he said, as security guards attended a brief morning meeting attended by company executives “cold” informed the workers that their project would be cut. Workers had about 20 minutes to collect their belongings and leave the site before they were deemed to be trespassing.

Regan said he was one of the last to leave. As he left, he heard one of the security guards calling the police emergency number to report intruders.

“It was really bad,” he said. “It was just one of the most dehumanizing experiences of my life.”

The workers say they are shocked but plan to keep fighting.

“The [city council video] The clip is circulating everywhere and we are seeing a lot of traction,” Benedict said. “We’re not just going to sit back and let them do that.”

YouTube fires 43 unionized Google contractors after they appeal to the City Council Read More »