BUSN435-24s

BUSN435-24s

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CoStar, luxury hotels hit with US consumer price-fixing lawsuit
CoStar, luxury hotels hit with US consumer price-fixing lawsuit

Contributed by: Samantha Herrera-Sosa CoStar, a major commercial real estate information company, is facing a proposed consumer class action lawsuit along with luxury hotel operators including Hilton, Hyatt, and Marriott. The lawsuit, filed by seven residents from various states, including California, Florida, and Illinois, alleges a conspiracy to artificially inflate room rental prices. The plaintiffs are seeking damages under U.S. antitrust law, claiming that this collusion resulted in overpayments for room prices. The lawsuit was filed in a Seattle federal court.

  1. Price-fixing - the illegal practice of colluding with other firms to control prices
·reuters.com·
CoStar, luxury hotels hit with US consumer price-fixing lawsuit
Harmful waste generation set jump un warns 2024 02 28
Harmful waste generation set jump un warns 2024 02 28

Contributed by: Samantha Herrera-Sosa A United Nations Environment Programme (UNEP) report warns that global waste produced by the public is expected to significantly increase by 2050, leading to extensive damage from biodiversity loss, climate change, and lethal pollution. The report emphasizes the urgent need for measures to address this issue, with a particular focus on fast-growing economies in Asia and sub-Saharan Africa, where current waste management challenges are already evident. Failure to take action could result in hundreds of billions of dollars in damages. 1- Environment pollution - the degradation of the environment through the emission of toxic waste material

  1. clean air act of 1970 - required EPA to develop and enforce regulations to protect the public from airborne contaminants
·reuters.com·
Harmful waste generation set jump un warns 2024 02 28
Us sec charges bp managers husband with insider trading over travelcenters deal 2024 02 22
Us sec charges bp managers husband with insider trading over travelcenters deal 2024 02 22

Contributed by: Samantha Herrera-Sosa Tyler Loudon, the husband of a former BP executive, has pleaded guilty to insider trading in Texas. He admitted to engaging in securities fraud in Houston federal court. Loudon overheard his wife discussing BP's planned acquisition of TravelCenters of America, prompting his illicit trading activities. As part of the plea deal, he agreed to forfeit $1.76 million in illegal proceeds. The insider trading occurred amid his wife's divorce proceedings.

  1. Inside Trading - the illegal practice of colluding with other firms to control prices
  2. Code of ethics - a set of conventional principles and expectations that are considered binding on any person who is a member of a particular group
  3. "The bad" - actions that transgress ethical norms, ranging from deceitful practices to outright fraud
·reuters.com·
Us sec charges bp managers husband with insider trading over travelcenters deal 2024 02 22
US annual home prices rising despite fourth-quarter slowdown, FHFA says
US annual home prices rising despite fourth-quarter slowdown, FHFA says

Contributed by Alondra Carrillo Home prices in the United States continued to increase, even though there was a slowdown in the fourth quarter. It highlights the resilience of the housing market and the ongoing demand for homes.

  1. In relation to whistleblowing, issues like miss reporting or fraud in the real estate industry engages in whistleblowing. An example from this article if someone would then accompany your industry, exposes practices where home prices are being artificially, inflated or unethical behaviors are incurring that would be considered whistleblowing.
  2. Whistleblowers play a crucial role in bringing transparency and accountability when it comes to buying homes, especially in industries where financial stakes are high
  3. In relation to price fixing, the mentioning of any suspicious patterns or unusual consistency in the house market develops a connection with price fixing. Price fixing often involves collusion among sellers to artificially control prices
Alondra·reuters.com·
US annual home prices rising despite fourth-quarter slowdown, FHFA says
Electrified vehicles are becoming more popular in US, survey says
Electrified vehicles are becoming more popular in US, survey says

Contributed by Alondra Carrillo More people in the United States, are choosing electric vehicles as their preferred mode of transportation

  1. In relation to environmental pollution, electric vehicles produce zero tail pipe emissions which means they don’t release harmful pollutants like traditional gasoline, powered cars.
  2. In relation to corporate negligence, certain car companies have been negligent in their environmental practices. The article highlights instances where car, manufactures knowingly produce vehicles, with high admissions, are failed to invest in more sustainable technology. It could be seen as a form of corporate negligence.
  3. In relation to tax evasion, the article discussing government incentives or tax credits for purchasing electric vehicles, could form a connection amongst tax evasion. Individuals or companies might try to exploit these incentives by engaging in tax evasion practices, such as providing false information on manipulating their tax returns.
Alondra·reuters.com·
Electrified vehicles are becoming more popular in US, survey says
EBay beats earnings estimates on strong U.S. holiday spending
EBay beats earnings estimates on strong U.S. holiday spending

Contributed by Alondra Carrillo This article highlights how eBay financial performance exceeded expectations during the holiday season. Company reported higher earnings due to increase spending by US consumers.

  1. In relation to trading, Someone from eBay, engaging or using non-public info about their holiday earnings to trade stock would be engaging into insider trading
  2. This article discussing the impact of increased consumer spending on packaging waste or shipping emissions develops a connection with environmental pollution.
  3. The article touching base on eBay shipping practices and their efforts to reduce air pollution to comply with environmental regulations forms a connection with the clean air act of 1970 mentioned in lesson 6.
Alondra·reuters.com·
EBay beats earnings estimates on strong U.S. holiday spending
Post Office hires ex-police to check its investigators in Horizon scandal
Post Office hires ex-police to check its investigators in Horizon scandal

Contributed by: Alyssa Paez

The post office has hired investigators, including some ex police to look at its own staff's previous work investigating the Horizon scandal

  1. The post office did not want to be caught up in corporate negligence as to why they took on a new team to look at the allegations against current and past employees involved in the prosecution of the sub postmasters
  2. Owners and employees were whistleblowing to the media about the post offices accusations when wrongly prosecuting people for their faulty software, and now that scandal has been described as one of the biggest miscarriages of justice in the British legal history
  3. The post office failed at the Occupational Safety and Health Administration standards as many of those who were involved in this scandal and or convicted were either financially ruined, died during the scandal, or taking their own lives in the following years

Alyssa Paez, #BUSN435

alyssapz·bbc.com·
Post Office hires ex-police to check its investigators in Horizon scandal
Red Sea attacks delaying goods and pushing up costs, firms say
Red Sea attacks delaying goods and pushing up costs, firms say

Contributed by: Alyssa Paez

British firms are saying that they are facing higher shipping costs and delays of up to four weeks due to the Houthi attacks in the Red Sea

  1. Due to the shipping delays in issues of the attack, there are now added costs that can contribute to higher costs in the UK economy and this is related to price fixing
  2. Corporate negligence is a part of this situation as well as many companies such as Warnings Furniture said the conflict affected her business and she now has two counteract some of the costs increase by negotiating lower prices with Chinese manufacturers
  3. They did a survey from more than 100 firms in their annual survey and recognize that they needed fast action as the air strikes in Yemen are causing a lot of issues for business owners

Alyssa Paez, #BUSN435

alyssapz·bbc.com·
Red Sea attacks delaying goods and pushing up costs, firms say
Ryanair warns of higher fares in summer due to lack of planes
Ryanair warns of higher fares in summer due to lack of planes

Contributed by: Alyssa Paez

The boss of Ryanair has said holidaymakers will face higher fares this summer due to new Boeing planes arriving late.

  1. There was price fixing going on when the chief executive Michael, said due to the delay of delivery of planes, the 57 boeing 737 max 8200s, We're delayed from the plane company, that only up to 45 may only arrive for summer seasons and that they will have to up ticket prices 10% for the summer
  2. Boeing has been faced with corporate negligence as they have been having multiple issues with their jets, with the most recent one in January when a piece of one of its jets blew out during a passengers flight and forest emergency landing
  3. Environmental pollution has also been a major concern as there has been questions raise about quality control for the new Boeing aircraft as they seen an increase as large as 17%

Alyssa Paez, #BUSN435

alyssapz·bbc.com·
Ryanair warns of higher fares in summer due to lack of planes
Mark Zuckerberg apologizes to victims' families after heated exchange with Josh Hawley in the Senate
Mark Zuckerberg apologizes to victims' families after heated exchange with Josh Hawley in the Senate

Contributed by: Dillon Caudle Brief Description: China’s economy, the second-largest in the world, has grown to the highest since pre-covid.

  1. This story relates to Lesson 05 because it refers to the Sharholder’s Primacy of Meta (formerly Faceboook)
  2. Another specific way it is related is by the business jusdgement rule.
  3. A third specific way it is related is by “socializing a loss,” as Zuckerberg is so hesitant to take responsibility for Meta’s actions and shifts blame.
DillonCaudle·apnews.com·
Mark Zuckerberg apologizes to victims' families after heated exchange with Josh Hawley in the Senate
Ford halts shipments of new F-150 Lightning EVs
Ford halts shipments of new F-150 Lightning EVs

Contributed by Alondra Carrillo The main idea of the article is that Ford has positive delivery of the new F150 lightning EV’s. They are taking a break from sending them out for now.

  1. In the context of the article about Ford halting shipments of the F150, lightning EV’s it’s possible that the decision to pause deliveries was made with the intention of protecting the interest of the shareholders (flashcard term)
  2. In the context of the article about Ford halting shipments of the F150, it’s possible that this decision relates to the environmental aspect of the triple bottom line by the pausing of the deliveries.
  3. In terms of ethical leadership, for may be demonstrating a commitment to ensuring the safety and quality of the vehicles before they reach customers.
Alondra·reuters.com·
Ford halts shipments of new F-150 Lightning EVs
Leisure firm told scanning staff faces is illegal
Leisure firm told scanning staff faces is illegal

Contributed by: Dillon Caudle

Brief Description: Leisure firm, Serco Leisure, has been using facial recognition technology to unethically and unnecessarily monitor the clocking in and out of employees. They were ordered to cease this immediately.

  1. One specific way this relates to lesson 05 is “the bad.” This firm had been unethically and unlawfully tracking its employees’s faces intrusively when other methods of clock-in-clock-out were easier and more accessible.
  2. Another specific way this relates to lesson 05 is that it violates the Friedman doctrine because, while it is performing to increase the value for shareholders, they are doing so unlawfully.
  3. A third specific way this relates to lesson 05 is its violation of the triple bottom line. They are neglecting the bottom line of “people.”
DillonCaudle·bbc.com·
Leisure firm told scanning staff faces is illegal
Stellantis CEO defends EU's 2035 ban on fossil-fuel cars
Stellantis CEO defends EU's 2035 ban on fossil-fuel cars

Contributed by: Dillon Caudle

Brief Description: Franco-Italian automaker Stellantis wants to stick to the European Union's goal to effectively ban the sale of new petrol and diesel cars from 2035, CEO Carlos Tavares said in an interview with German media outlet Welt.

  1. One specific way this relates to lesson 05 is “the good.” Stellantis wants to do good by upholding green laws and commitments.
  2. Another specific way this relates to lesson 05 is how it relates to corporate social responsibility and a sense of paying back customers and serving society.
  3. A third specific way this story relates to lesson 05 is quid pro quo. Stellanis stands to gain positive attention from consumers by supporting a green plan.
DillonCaudle·reuters.com·
Stellantis CEO defends EU's 2035 ban on fossil-fuel cars
Google denies Gmail is shutting down after viral hoax
Google denies Gmail is shutting down after viral hoax

Contributed by: Alyssa Paez Google had to publicly state that Gmail is not leaving after a hoax claiming it was shutting down spread widely all over social media.

  1. Professional ethics came into play when a Twitter post cleaned that Gmail would be closing in August but instead of blowing up the claim, Google rebuffed with communication that it was just a simple classic example of dangers of miscommunication.
  2. It's important that these social networks start to really look into the B corporation values and start implementing them because many of these social networks allow for their users to act without itresponsibility and pump unfiltered and unverified information to their audiences which doesn't make them look good
  3. Even though Gmail isn't going away, Google did do some shareholder primacy evaluations and had actually decided to shut down some services in recent years such as shutting down Stadia and closing it's old and inactive Gmail accounts and possibly close Google podcast.

Add tags: #Alyssapaez, #BUSN435

alyssapz·bbc.com·
Google denies Gmail is shutting down after viral hoax
Ex-Post Office boss Paula Vennells stripped of CBE
Ex-Post Office boss Paula Vennells stripped of CBE

Contributed by: Alyssa Paez Former post office boss Paula Vennells, has been stripped of her CBE according to the Cabinet Office following the Horizon IT scandal where hundreds of sub postmasters were prosecuted based on faulty data between 1999 and 2015.

  1. “the ugly” was definitely shown in this scandal with Paula as she was the post office chief executive between 2012 and 2019 and so many sub postmasters were wrongly accused and prosecuted as a result of the horizon system which she was overseeing.
  2. It seems as though the post office was doing stakeholder management as they themselves brought many cases to the court to prosecute 700 people for stealing money because of incorrect information provided by a computer system.
  3. “the bad” was when the Times reported that 251 postmasters were wrongly accused of stealing money from the post office and had died before receiving compensation for that Add tags: #Alyssapaez, #BUSN435
alyssapz·bbc.com·
Ex-Post Office boss Paula Vennells stripped of CBE
Ford halts shipments of new F-150 Lightning EVs
Ford halts shipments of new F-150 Lightning EVs

Contributed by: Alyssa Paez Ford motors said that it will be halting shipments of all 2024 model year F-150 lightning electric pickup trucks so it could perform quality checks for an issue it did not specify.

  1. Ford motors recognized the need for sustainable transport as they realized that they needed to perform the checks to make sure that moving people and goods did not limit or undermine the future of the environment.
  2. They do lack professional association though as they declined to say what quality issue that was being checked therefore not wanting to engage into the interests of individuals and the public interest to further their professionalism.
  3. Ford ramped up their supply chain as they wanted to make sure they had significant shipments in the coming weeks as they complete the launch through quality checks to make sure that the F-150s meet their high standards

Add tags: #Alyssapaez, #BUSN435

alyssapz·reuters.com·
Ford halts shipments of new F-150 Lightning EVs
US investor presses Japan Aviation and NEC to cancel buyback, reconsider buyout offers
US investor presses Japan Aviation and NEC to cancel buyback, reconsider buyout offers

Curi from RMB Capital feels that the offer does not have the best interests of shareholders for both companies. If NEC and JAE do not disclose more information Curi will "pursue appropriate recourse".

  1. Applies to the course by speaking of the shareholders.
  2. Another way it applies I think is by speaking on the responsibilities of each party associated.
·reuters.com·
US investor presses Japan Aviation and NEC to cancel buyback, reconsider buyout offers
Singapore bank UOB's fourth-quarter net profit climbs 22%, beats forecast | Reuters
Singapore bank UOB's fourth-quarter net profit climbs 22%, beats forecast | Reuters

Contributed by Abigail Reed. This article is about how this bank in Singapore's profits are really increasing during this quarter.

  1. The first way this article relates to this lesson is with the term shareholder primacy, which is a companies duty to maximize profits. This company in Singapores net profit is continuing to climb, which shows that it is maximizing profits.
  2. The second way I related this to the lesson was with the term, stockholders. The article talks about how the dividends that stockholders are getting is rising while the company is increasing its profits.
  3. I would also say that this article shows the stakeholders have goodwill in the company. If the dividends they are getting paid is rising then how could they not feel happy about it.
Areed21·reuters.com·
Singapore bank UOB's fourth-quarter net profit climbs 22%, beats forecast | Reuters
Amazon founder Jeff Bezos completes $8.5bn share sale plan
Amazon founder Jeff Bezos completes $8.5bn share sale plan

Contributed by Alondra Carrillo Jeff Bezos has finalized the sale of shares worth 8.5 billion as a part of a pre-announced trading plan

  1. The sale of shares by Jeff Bezos could impact Amazon‘s governance and stakeholder relations within the professional business community
  2. This article could potentially impact Amazon supply chain(flashcard) as it changes in ownership and financial decisions can have ripple effect throughout the companies operations.
  3. With bezos, selling a significant of shares, it could potentially impact the balance of power and decision-making within Amazon, which could in turn affect the company’s focus on shareholder interests
Alondra·bbc.com·
Amazon founder Jeff Bezos completes $8.5bn share sale plan
Foxconn founder Terry Gou makes first high profile appearance in months
Foxconn founder Terry Gou makes first high profile appearance in months

Contributed by Alondra Carrillo Foxconn founder Terry Gou return to the spotlight after months away, potentially signaling shifts in the companies, leadership and practices

  1. Terry Gou’s high profile appearance after months of absence, could potentially impact the corporate culture(flashcard term) at Foxconn. It may signal a change in leadership style, communication, or even decision-making processes within the company.
  2. His high profile appearance could potentially have implications for professional ethics(flashcard term) at Foxconn
  3. His appearance is setting a positive example and adhering to the standards outlined in the code of conduct(flashcard) leaders can influence the behavior and actions of employees fostering the culture of ethical conduct throughout the company
Alondra·reuters.com·
Foxconn founder Terry Gou makes first high profile appearance in months
A look at Black-owned businesses in the U.S.
A look at Black-owned businesses in the U.S.

Contributed by: Dillon Caudle Brief Description: While Black-owned businesses have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue, according to the analysis of federal data.

  1. The Pew Research Center (also simply known as Pew) is a nonpartisan American think tank based in Washington, D.C. It provides information on social issues, public opinion, and demographic trends shaping the United States and the world.
  2. This article is posted by a trustworthy source, aligns with what I already know, and doesn’t appear to be a fake news website when checking online including Wikipedia.
  3. The main claim of this news story is that Black Americans value business ownership more than they ever have. While they still own only a small portion, they are expected to have more of an impact soon.
DillonCaudle·pewresearch.org·
A look at Black-owned businesses in the U.S.
Spring festival spending on China's duty-free island hits record
Spring festival spending on China's duty-free island hits record

Contributed by: Dillon Caudle

Brief Description: Shoppers visiting China's island province of Hainan spent a record amount this Lunar New Year Holiday on duty-free goods.

  1. Tourism in China this Chinese New Year has boosted the Chinese economy to the highest in years, so it makes sense that spending was so high in Hainan.
  2. This article is posted by a trustworthy source, aligns with what I already know, and doesn’t appear to be a fake news website when checking online, as well as other trustworthy articles publishing similar stories.
  3. The main claim being made is that Hainan visitors spent a record amount this Lunar New Year Holiday on duty-free goods.
DillonCaudle·reuters.com·
Spring festival spending on China's duty-free island hits record
Lunar New Year: China tourism spending tops pre-Covid level
Lunar New Year: China tourism spending tops pre-Covid level

Contributed by: Dillon Caudle

Brief Description: China’s economy, the second-largest in the world, has grown to the highest since pre-covid.

  1. Tourism in China this Lunar New Year has boosted the Chinese economy to the highest in years.
  2. This article is posted by a trustworthy source, aligns with what I already know, and doesn’t appear to be a fake news website when checking online.
  3. The claim being made is that China’s economy is in the best state since covid yet.
DillonCaudle·bbc.com·
Lunar New Year: China tourism spending tops pre-Covid level