U.S. Ride Share Drivers Will Strike On May 8th Ahead of Uber IPO - Jalopnik

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Uber and Lyft drivers in major U.S. cities have united to strike during peak hours on Wednesday May 8th for two hours from 7AM to 9AM local time, according to a report from Autoblog. Cities which may see rush hour even more rush-y include New York, San Francisco, Chicago, and Los Angeles, among others. The strike is a protest of business and payment practices ahead of Uber’s planned IPO on May 9th with trading on the stock exchange to begin the following day.

The New York Taxi Workers Alliance website features a post about the strike which lays out the plans of the strikers. The protest is an effort to influence Uber and Lyft to provide a more secure work environment and ensure that drivers can actually make a living on the income paid. Uber has already acknowledged that shifting drivers from independent contractors to full employees would be bad for its business model.

Even presidential candidates are weighing in on the strike.

Following the strike, drivers plan to rally at Uber and Lyft respective headquarters from 1PM the same day.

From the NYTWA post:

“With the IPO, Uber’s corporate owners are set to make billions, all while drivers are left in poverty and to go bankrupt.”

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So, don’t cross the picket line. Don’t use a ride share app on Wednesday the 8th. Find another way to get around. Every human deserves a living wage.

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2019-05-04 17:30:00Z
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Company-wide Tesla email reminds employees of confidentiality - Mashable

Tesla CEO Elon Musk departs US Federal Court following a hearing in a lawsuit brought against him by the United States Security and Exchange Commission (SEC) for actions related to Musk's social media usage.

Image: JUSTIN LANE/EPA-EFE/REX/Shutterstock

By Proma Khosla2019-05-04 14:37:00 UTC

Tesla emailed its employees on Thursday to caution them against leaking company information, especially to the press. 

The email, which was leaked to the press, ostensibly pits Tesla and its employees against "outsiders" and those who will "do anything to see us fail."

"As a result of our success, we will continue to see an interest from people who will do anything to see us fail," the Tesla email reads. "This includes people who are actively seeking proprietary information for their own gain, targeting Tesla employees through personal networks or on social networks like LinkedIn, Facebook or Twitter."

In the past, information leaks have not led to the kindest press for Tesla, including exposure of product issues and tenuous business relationships. The email details almost half a dozen examples of recent confidentiality breaches and the actions Tesla took against those employees.

"Tesla will take action against those who improperly leak proprietary business information or violate the non-disclosure obligations to which we all agreed," it continues. "This includes termination of employment, claims for damages, and even criminal charges."

It goes on to invoke employees' confidentiality agreements and to offer resources for those who "may benefit from training or a more complete understanding of how to protect our intellectual property and confidential business information."

You can read the full email over at CNBC.

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2019-05-04 14:37:00Z
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HUGE recall on Millions of Tyson Chicken Strips because they might have metal - Victor Valley News Group - VVNG.com

WASHINGTON, May 4, 2019 – Tyson Foods is recalling approximately 11,829,517 million pounds of frozen, ready-to-eat chicken strip products that may be contaminated with extraneous materials, specifically pieces of metal, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, ready-to-eat chicken strip items were produced on various dates from Oct. 1, 2018 through March 8, 2019 and have “Use By Dates” of Oct. 1, 2019 through March 7, 2020. The chart contains a list of the products subject to recall.[View Labels (PDF only)]

The products subject to recall bear establishment number “P-7221” on the back of the product package. These items were shipped to retail and Department of Defense locations nationwide, for institutional use nationwide and to the U.S. Virgin Islands.

The problem was discovered when FSIS received two consumer complaints of extraneous material in the chicken strip products. FSIS is now aware of six complaints during this time frame involving similar pieces of metal with three alleging oral injury.

Anyone concerned about an injury or illness should contact a healthcare provider.

FSIS is concerned that some product may be in consumers’ freezers. Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. When available, the retail distribution list(s) will be posted on the FSIS website at www.fsis.usda.gov/recalls.

Consumers with questions about the recall can contact Tyson Foods Consumer Relations at 1-866-886-8456. Members of the media with questions about the recall can contact Worth Sparkman, Public Relations Manager, Tyson Foods, Inc., at Worth.Sparkman@Tyson.com (479) 290-6358.

Consumers with food safety questions can “Ask Karen,” the FSIS virtual representative available 24 hours a day at AskKaren.gov or via smartphone at m.askkaren.gov. The toll-free USDA Meat and Poultry Hotline 1-888-MPHotline (1-888-674-6854) is available in English and Spanish and can be reached from 10 a.m. to 6 p.m. (Eastern Time) Monday through Friday. Recorded food safety messages are available 24 hours a day. The online Electronic Consumer Complaint Monitoring System can be accessed 24 hours a day at: http://www.fsis.usda.gov/reportproblem.

To follow updates to this article and more, Join our newsgroup on Facebook with over 121,000 members, Like our Facebook page, and Follow us on Instagram and Twitter.

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2019-05-04 16:12:55Z
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Tyson recalls nearly 12 million pounds of chicken strips - WPXI Pittsburgh

Tyson recalls nearly 12 million pounds of chicken strips

Tyson Foods, Inc., is recalling nearly 12 million pounds of frozen chicken strip products that could be contaminated with pieces of metal, federal safety officials said in a news release Saturday.

>> Read more trending news 

Tyson Foods, based out of Rogers, Arkansas, is recalling 11,829,517 pounds of the frozen, ready-to-eat chicken strips, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service.

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TRENDING NOW:

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Saturday’s release expanded Tyson’s recall in March, when more than 69,000 pounds of chicken strips were recalled, FSIS said in its statement.

The latest recall concerns products produced from Oct. 1, 2018, through March 8, 2019, FSIS said. The packages contained “use by dates” of Oct. 1, 2019, through March 7, 2020, according to the news release.

The recalled products contain the number “P-7221” on the back of the package and were shipped nationwide and to the U.S. Virgin Islands, according to FSIS.

The problem was revealed when FSIS received two complaints, but the agency said it is now aware of six overall complaints.

According to FSIS, products recalled include Tyson fully cooked crispy chicken strips in 25-ounce and 40-ounce bags; Tyson fully cooked Buffalo-style chicken strips in 25-ounce and 40-ounce bags; Tyson fully cooked honey BBQ flavored chicken strips in 25-ounce bags; Best Choice Buffalo-style chicken strips in 20-ounce bags; Great Value fully cooked chicken strips in 25-ounce bags; and Food Lion crispy chicken strips in 25-ounce bags.

Over 36,400 Pounds of Tyson Chicken Nuggets Recalled For Rubber Contamination Concerns

In the previous recall, the products had only one use-by date: Nov. 30, 2019, CNN reported.

On Jan. 30, Tyson recalled 36,420 pounds of chicken nuggets because of fears the food could have been contaminated with rubber. Twelve days earlier, Perdue recalled 68,244 pounds of gluten-free chicken nuggets over concerns the food could be contaminated with wood.

Consumers with questions about the recall can contact Tyson Foods Consumer Relations at 1-866-886-8456. 

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2019-05-04 13:43:14Z
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Almost 12 million pounds of Tyson chicken strips have been recalled because they might have metal - CNN

The recall now affects more than 11.8 million pounds of frozen, ready-to-eat chicken strip products that were shipped nationwide, up from more than 69,000 pounds when the recall initially was issued in March, the US Department of Agriculture's Food Safety and Inspection Service said in a statement.

The expansion comes after three of six people who complained about finding pieces of metal in certain Tyson products also said they suffered an injury in their mouth, the agency said.

The products now being recalled were produced from October through March 8, and they have "use by" dates of October 1, 2019, through March 7, 2020.

Each of the recalled products have establishment number "P-7221" on the back of the package.

Products under the recall include:

• Tyson fully cooked crispy chicken strips in 25-ounce and 40-ounce bags;

• Tyson fully cooked Buffalo-style chicken strips in 25-ounce and 40-ounce bags;

• Tyson fully cooked honey BBQ flavored chicken strips in 25-ounce bags;

• Best Choice Buffalo-style chicken strips in 20-ounce bags;

• Great Value fully cooked chicken strips in 25-ounce bags;

• Food Lion crispy chicken strips in 25-ounce bags.

In the previous recall, the products had only one use-by date: November 30, 2019.

The Food Safety and Inspection Service said it initially discovered the problem because of two consumer complaints about extraneous materials in chicken strip products.

But the agency said it "is now aware of six complaints during this time frame involving similar pieces of metal."

Three of the complainants alleged they had an oral injury, it said.

Consumers are urged to throw away or return products that might be affected and not to consume them.

"FSIS is concerned that some product may be in consumers' freezers," the agency said in a news release. "These products should be thrown away or returned to the place of purchase."

Consumers with questions about the recall can call Tyson Foods at 866-886-8456.

In January, Tyson recalled 36,420 pounds of chicken nuggets after a consumer reported finding rubber in the chicken nuggets.

Also in January, Perdue issued a recall after receiving three complaints from consumers who reported finding wood in gluten-free chicken nuggets.

CNN's Madeline Holcombe and Joe Sutton contributed to this report.

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2019-05-04 13:42:00Z
CAIiELZd_e3VgPDq-Eh1Wv2h-scqGQgEKhAIACoHCAowocv1CjCSptoCMPrTpgU

Almost 12 million pounds of Tyson chicken strips have been recalled because they might have metal - CNN

The recall now affects more than 11.8 million pounds of frozen, ready-to-eat chicken strip products that were shipped nationwide, up from more than 69,000 pounds when the recall initially was issued in March, the US Department of Agriculture's Food Safety and Inspection Service said in a statement.

The expansion comes after three of six people who complained about finding pieces of metal in certain Tyson products also said they suffered an injury in their mouth, the agency said.

The products now being recalled were produced from October through March 8, and they have "use by" dates of October 1, 2019, through March 7, 2020.

Each of the recalled products have establishment number "P-7221" on the back of the package.

Products under the recall include:

• Tyson fully cooked crispy chicken strips in 25-ounce and 40-ounce bags;

• Tyson fully cooked Buffalo-style chicken strips in 25-ounce and 40-ounce bags;

• Tyson fully cooked honey BBQ flavored chicken strips in 25-ounce bags;

• Best Choice Buffalo-style chicken strips in 20-ounce bags;

• Great Value fully cooked chicken strips in 25-ounce bags;

• Food Lion crispy chicken strips in 25-ounce bags.

In the previous recall, the products had only one use-by date: November 30, 2019.

The Food Safety and Inspection Service said it initially discovered the problem because of two consumer complaints about extraneous materials in chicken strip products.

But the agency said it "is now aware of six complaints during this time frame involving similar pieces of metal."

Three of the complainants alleged they had an oral injury, it said.

Consumers are urged to throw away or return products that might be affected and not to consume them.

"FSIS is concerned that some product may be in consumers' freezers," the agency said in a news release. "These products should be thrown away or returned to the place of purchase."

Consumers with questions about the recall can call Tyson Foods at 866-886-8456.

In January, Tyson recalled 36,420 pounds of chicken nuggets after a consumer reported finding rubber in the chicken nuggets.

Also in January, Perdue issued a recall after receiving three complaints from consumers who reported finding wood in gluten-free chicken nuggets.

CNN's Madeline Holcombe and Joe Sutton contributed to this report.

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https://www.cnn.com/2019/05/04/health/tyson-chicken-strip-recall/index.html

2019-05-04 13:27:00Z
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Berkshire Hathaway Q1 earnings grow, but Kraft Heinz is missing - Yahoo Finance

Berkshire Hathaway (BRK-A, BRK-B) reported Q1 results that appear to be a bit stronger than what was expected by analysts.

Q1 operating earnings increased to $5.55 billion from $5.29 billion a year ago. This was higher than the $5.29 billion expected by analysts. (Note, operating earnings do not include quarterly gains or losses from Berkshire’s investments and derivatives portfolios.)

It’s very important to note that Berkshire’s results do not include the impact of Kraft Heinz’s (KHC) recent woes. Berkshire holds a significant stake in the company.

[Click here for coverage of the 2019 Berkshire Hathaway Shareholders Meeting.]

“As of May 3, 2019, Kraft Heinz has not filed its 2018 Form 10-K with the Securities and Exchange Commission. In addition, Kraft Heinz has not made its financial statements for the first quarter of 2019 available to Berkshire. Accordingly, Berkshire does not have the necessary financial information to determine its share of the earnings of Kraft Heinz for the first quarter of 2019. As a result, Berkshire’s first quarter 2019 other operating earnings excludes such amount.”

Management says they’ll take Kraft Heinz into account as soon as they make available their financial results.

“Other operating earnings in the first quarter of 2018 included $234 million related to Berkshire’s investment in Kraft Heinz,” they noted.

The news comes hours before the 2019 Berkshire Hathaway Shareholders Meeting.

The “meaningless” and “misleading” part of Berkshire’s results

Net earnings, which has become very volatile due to an accounting rule change, came in at $21.7 billion or $13,209 per A share and $8.81 per B share. This compared to a $1.1 billion loss a year ago. During the period, Berkshire benefited from a $15.1 billion unrealized gain on its stock portfolio.

“The amount of investment gains/losses in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading to investors who have little or no knowledge of accounting rules,” Berkshire management noted. Emphasis theirs.

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., tours the trading floor at the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 30, 2011. (Scott Eells/Bloomberg via Getty Images)

As mentioned above, Berkshire Hathaway’s bottom line has become a lot more volatile lately, not because its business model changed. Rather, it’s because of accounting.

A recent change to generally accepted accounting principles (GAAP) by the Financial Accounting Standards Board (FASB) requires companies to account for short-term swings of their equity investments in their quarterly earnings. These are known as unrealized gains and losses— unrealized because these are paper losses, not actual losses (or realized gains and losses) that come from the sales of these securities.

“That requirement will produce some truly wild and capricious swings in our GAAP bottom-line,” Buffett said in his 2017 letter to shareholders. “Berkshire owns $170 billion of marketable stocks (not including our shares of Kraft Heinz), and the value of these holdings can easily swing by $10 billion or more within a quarterly reporting period. Including gyrations of that magnitude in reported net income will swamp the truly important numbers that describe our operating performance. For analytical purposes, Berkshire’s ‘bottom-line’ will be useless.”

“[N]either Berkshire’s Vice Chairman, Charlie Munger, nor I believe that rule to be sensible,” Buffett wrote on the first page of his 2018 letter to shareholders. “Rather, both of us have consistently thought that at Berkshire this mark-to-market change would produce what I described as ‘wild and capricious swings in our bottom line.’”

So what are investors to do when they get they peruse the quarterly income statement of a company holding a lot of equity investments?

“Our advice? Focus on operating earnings, paying little attention to gains or losses of any variety.”

2019 Berkshire Hathaway Shareholders Meeting

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Sam Ro is managing editor at Yahoo Finance. Follow him on Twitter: @SamRo

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2019-05-04 12:23:00Z
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