MoneyWatch

Employees are searching for “believable” reasons to call off work

U.S. workers want to take more time off from their jobs and are increasingly turning to the internet to find credible reasons to do so.  That’s the main takeaway from a new report released Tuesday from Frank Recruitment Group, a U.K.-based technology recruiting company. The firm analyzed Google search engine …

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Marijuana company sued for not making customers high enough

A California cannabis company is being sued by two local consumers for allegedly lying about the potency of its products.  Jasper Centeno of Long Beach and Blake Wilson of Fresno filed a lawsuit in state court last week accusing DreamFields Brands of false advertising, intentional misrepresentation and unjust enrichment, among other charges.  …

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Amazon warehouse union vote fails in upstate New York

Amazon workers in upstate New York voted by a roughly 2-to-1 ratio against unionizing, according to results tallied on Tuesday by the National Labor Relations Board.  The vote is a setback for the Amazon Labor Union, or ALU, a small independent union that in April won a historic vote in Staten Island, …

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How to spot a great 401(k) when job hunting

Any 401(k) can help you save for retirement. A great 401(k) allows you to save a whole lot more. The difference between a mediocre plan and a great one could translate into tens of thousands of dollars more in future retirement money. Plus, a 401(k)’s quality can show how serious …

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Who might want to buy the Phoenix Suns?

With the NBA season set to start next week, one of the most pressing questions in professional basketball is who will become the next owner of the Phoenix Suns. The team’s current majority owner, Robert Sarver, said Wednesday he’s selling the franchise along with the WNBA’s Phoenix Mercury. His announcement …

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IRS plans to hire 5,000 customer service reps

The IRS will tap some of its new $80 billion in funding to hire 5,000 new customer service representatives, with Treasury Secretary Janet Yellen telling CBS News chief White House correspondent Nancy Cordes in an interview that the tax agency will be able to handle 85% of calls next year.  …

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California sues Amazon, alleging its dominance pushes up prices

California is suing Amazon, accusing the company of violating the state’s antitrust and unfair competition laws by allegedly stifling competition and forcing sellers to maintain higher prices on their products on other sites. In the lawsuit, filed Wednesday in San Francisco Superior Court, California Attorney General Rob Bonta claims that …

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Deal partner for Trump’s Truth Social delays shareholder vote amid liquidation risk

The “blank-check” acquisition company planning to merge with Donald Trump’s social media company delayed a shareholder vote to approve a one-year deadline extension to complete the deal. Digital World Acquisition Corp. (DWAC) on Tuesday said it would postpone announcing the vote results, which was previously scheduled to take place on …

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Whole Foods CEO: “Socialists are taking over”

Whole Foods co-founder and CEO John Mackey fears that socialism is on the rise in the U.S. “My concern is that I feel like socialists are taking over,” Mackey, who is set to retire from the Amazon-owned grocery chain at the end of the month after 44 years at the …

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China now has the most companies on the Fortune 500 list

Walmart is the world’s largest company by revenue for the ninth consecutive year, and for the 17th time since Fortune magazine began ranking companies by size in 1995.  Fortune on Wednesday released its annual Fortune Global 500 list, a ranking of the largest and most profitable corporations worldwide. Saudi Aramco, …

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