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FedEx to pay $228 million to settle independent contractor case

2015-06-15 18:13:54| Air Courier - Topix.net

FedEx has agreed to pay $228 million to settle litigation claiming the company short-changed its drivers on pay and benefits by improperly labeling them as independent contractors. The settlement disclosed on Friday is directly related to a decision against the Memphis, Tenn.-based package delivery company in August, when a federal appeals court in Oakland found that FedEx Corp. misclassified 2,300 FedEx Ground and FedEx Home Delivery drivers working in California from 2000 to 2007 as independent contractors.

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4K TV panel shipments reach monthly record of 3 million units

2015-06-15 14:30:53| Digital TV News

Shipments of 4K TV panels in April 2015 exceeded 3 million units for the first time, comprising 14 percent of all TV panels shipped globally during the month, according to IHS (NYSE: IHS). Of all TV panels forecast to ship in 2016, one in five is forecast to be a 4K TV panel.

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Ferndale's Garden Fresh Gourmet sells for $231 million

2015-06-15 02:08:13| Food - Topix.net

Campbell Soup Company said it plans to retain all of the nearly 500 Garden Fresh Gourmet employees who work in Ferndale and expand production in the city after purchasing the homegrown company for $231 million June 9. Garden Fresh Gourmet started out as a passion for Jack and Annette Aronson on a card table in their Ferndale restaurant in 1997. Jack was a lover of hot sauce, and after experiencing fresh salsa in Albuquerque, New Mexico, he recognized it was a niche that needed filling in Michigan.

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CACI Awarded $32 Million Contract to Provide Electro-Optic Sensor...

2015-06-15 00:20:53| IT Services - Topix.net

CACI International Inc announced today it was awarded a $32 million contract to provide engineering and technical support to the Naval Surface Warfare Center Crane Division's Electro-Optic Technology Division. This five-year task order was issued under the SeaPort-e vehicle and represents new business in CACI's C4ISR market area.

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Honda recalls over 5 million Vehicles because the air bag inflator...

2015-06-13 20:57:17| Automakers - Topix.net

Honda is recalling certain model year 2001-2007 Accord, 2001-2005 Civic, 2002-2006 CR-V, 2003-2011 Element, 2002-2004 Odyssey, 2003-2008 Pilot, 2006 Ridgeline, 2003 Acura CL, 2003-2006 Acura MDX, and 2002-2003 Acura TL vehicles. The affected vehicles are equipped with a dual-stage driver frontal air bag that may be susceptible to moisture intrusion and other factors, including manufacturing variability that, over time, could cause the inflator to rupture.

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