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Why Amazon Stock Fell Today

Is labor the Achilles' heel of retail powerhouse Amazon (NASDAQ: AMZN)? The RWDSU did so in formal Unfair Labor Practice charges against the company in a filing with the National Labor Relations Board. The NLRB tossed that result, however, on the grounds that Amazon illegally influenced the vote (it apparently pushed voters to put their ballots in a receptacle on company grounds). Read More...

Reuters

Tesla hit by another lawsuit over racism by ex-worker

A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In the lawsuit filed with Alameda County Superior Court on Friday, Marc Cage, an African American, claimed to have reported safety violations that risked massive explosions at Tesla’s battery factory in Nevada and systematic failures by the company to disclose serious on-the-job injuries. “Tesla’s commitments to unrealistic production goals and frantic efforts to ramp up its production, often to make good on rash promises, overrode any commitment to employee safety,” the complaint says.

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