Boeing's St. Louis union workers reject latest offer and will strike on Monday
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Reuters
27 minutes ago
- Reuters
Chemours, DuPont, Corteva settle New Jersey PFAS claims for $875 million
Aug 4 (Reuters) - Chemours (CC.N), opens new tab, DuPont (DD.N), opens new tab and Corteva (CTVA.N), opens new tab have agreed to pay $875 million over 25 years to the State of New Jersey to settle environmental claims including pollution linked to PFAS, or "forever chemicals", the companies said on Monday. Lawsuits accusing major chemical companies of polluting U.S. drinking water with toxic PFAS chemicals led to over $11 billion in settlements in 2023, with experts predicting that new federal regulations and a growing awareness of the breadth of the contamination will spur more litigation and settlements. PFAS are a class of chemicals that are used in a wide range of products including non-stick cookware and firefighting foams. They are commonly called "forever chemicals" as these substances do not break down easily in the human body or nature, and are associated with certain cancers, hormonal dysfunction and other diseases. The payments announced on Monday, whose present value is about $500 million before taxes, will start no earlier than January 1, 2026. Chemours will make half of the settlement payments, while DuPont will pay 35.5% and Corteva the rest, the companies said in a statement. In 2023, the three firms reached a settlement agreement with the U.S. state of Ohio for $110 million to resolve claims associated with PFAS. That same year, 3M (MMM.N), opens new tab agreed to pay $10.3 billion to settle hundreds of claims that the company polluted public drinking water with the chemicals, while Chemours, DuPont and Corteva reached a similar deal with U.S. water providers for $1.19 billion. Of the total settlement announced on Monday, $16.5 million is attributed to alleged PFAS contamination unrelated to the companies' operating sites.
Sky News
27 minutes ago
- Sky News
Tesla approves $29bn share award to Elon Musk
Tesla's board has signed off a $29bn (£21.8bn) share award to Elon Musk after a court blocked an earlier package worth almost double that sum. The new award, which amounts to 96 million new shares, is not just about keeping the electric vehicle (EV) firm's founder in the driving seat as chief executive. The new stock will also bolster his voting power from a current level of 13%. He and other shareholders have long argued that boosting his interest in the company is key to maintaining his focus after a foray into the trappings of political power at Donald Trump 's side - a relationship that has now turned sour. Musk is angry at the president's tax cut and spending plans, known as the big beautiful bill. Tesla has also suffered a sales backlash as a result of Musk's past association with Mr Trump and role in cutting federal government spending. The company is currently focused on the roll out of a new cheaper model in a bid to boost flagging sales and challenge steep competition, particularly from China. The headwinds have been made stronger as the Trump administration has cut support for EVs, with Musk admitting last month that it could lead to a "few rough quarters" for the company. 3:31 Tesla is currently running trials of its self-driving software and revenues are not set to reflect the anticipated rollout until late next year. Musk had been in line for a share award worth over $50bn back in 2018 - the biggest compensation package ever seen globally. But the board's decision was voided by a judge in Delaware following a protracted legal fight. There is still a continuing appeal process. Earlier this year, Tesla said its board had formed a special committee to consider some compensation matters involving Musk, without disclosing details. The special committee said in the filing on Monday: "While we recognize Elon's business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging... we are confident that this award will incentivize Elon to remain at Tesla". It added that if the Delaware courts fully reinstate the 2018 "performance award", the new interim grant would either be forfeited or offset to ensure no "double dip".
The Sun
27 minutes ago
- The Sun
Lotto officials finally agree to pay $83.5m prize after withholding it for months – but half jackpot still disappears
LOTTERY officials have finally agreed to pay an $83.5 million dollar prize after withholding it for months. Kristen Moriarty was denied her winnings for over five months because of investigations into the now-banned company who sold her the ticket. 1 She will now receive nearly $46 million after suing the commission in May, when she described feeling "sad, stressed and angry" over not receiving her funds. It remains unclear where the other half of her jackpot will go. 'I've lost faith in our elected officials. And yeah, I really don't know what else to say that I can say out loud," she told The Texas Tribune. Kristen bought her ticket through Jackpot, an online service known as a lottery courier. These third-party companies are allowed by some states to purchase tickets on behalf of their customers. But in Texas, couriers were recently criminalised after growing scrutiny over the legality of their practices. Lawmakers also banned buying more than 100 tickets in a single purchase. This comes after an incident in 2023 which saw a group bag the $95 million jackpot after buying almost all of the available tickets using a lotto courier site. Kristen's payout will be among the last to be handled by the commission, which is due to be abolished next month. LOTTO FRAUD Earlier this year, a gas station worker was accused of printing hundreds of lotto tickets without paying - before cashing them in. Lottery officials hunt for anonymous Powerball player sitting on $250k prize that'll be 'worthless' in just a few months Hope Johnson's alleged plot saw her take home almost $3,000 in prize money. She worked at a BP garage in Wisconsin and would print off the slips when she was alone, according to court documents seen by NBC affiliate WEAU. She printed around 800 lotto tickets, which would've cost more than $8,800. But, Johnson apparently didn't pay for the tickets. Once the tickets were printed, she would check the numbers before putting the winning slips aside. Johnson then went to another store to cash the slips in, according to court documents. She took home more than $2,800 after cashing in the winning tickets, according to the Ventura County Star. But, the gas station experienced a $9,000 loss in August 2024 and Johnson's apparent scheme seemed to unravel. Security footage caught Johnson printing off the tickets and not paying for them. Johnson pleaded guilty to a charge of forging a lottery ticket. She initially faced six charges, but five of which were dismissed because she pleaded guilty. Johnson could have been sentenced to up to three-and-a-half years in prison. Alternatively, she could've been hit with a $10,000 fine. She received a two-year probation sentence and 10 days in jail.
