Practices

The Senate Finance Committee on Wednesday opened an investigation into Abbott Labs, the company at the center of a baby formula shortage in the U.S.Committee Chairman Sen. Ron Wyden, D-Ore., sent a letter to CEO Robert Ford requesting information on Abbott's international tax practices and $8 billion in stock buybacks the company has authorized since 2019.Wyden also requested information on how much money Abbott spent to upgrade an infant formula plant in Sturgis, Mich. prior to its closure due to bacterial contamination…

Directors who control the board of Cerebral Inc. agreed on a plan to replace Chief Executive Kyle Robertson, sparking leadership tumult at the mental-health startup as it contends with scrutiny over its prescription practices for controlled substances, people familiar with the situation said Tuesday. Investors and an independent director who together control four of the board’s seven seats agreed that Mr. Robertson should be replaced by the firm’s president and chief medical officer, David…

The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer complaints of alleged unfair trade practices by these platforms, including ride cancellation policy as drivers force customers to cancel trips after accepting bookings, which results…

Chinese smartphone giant Xiaomi faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China.Here are details of the tussles in one of Xiaomi's key markets:WHAT'S THE ROYALTY CASE ABOUT?India's financial crime-fighting agency, the…

The complaints against taxi services like Ola and Uber have increased significantly. Because of this, the government has announced that they will be investigating both companies for unfair practices. The government will sit with Ola and Uber and will ask them about the issues. Demand for cabs is increasing because people do not want to drive themselves as the traffic on the Indian roads is increasing. But there are issues that the companies are facing. Tanveer Pasha, the president of Ola and Uber drivers’ association…

Christian Smalls, founder of the Amazon Labor Union (ALU), speaks during a Senate Budget Committee hearing in Washington, D.C., U.S., on Thursday, May 5, 2022. The hearing is titled "Should Taxpayer Dollars Go to Companies that Violate Labor Laws?"Eric Lee | Bloomberg | Getty ImagesChris Smalls, a former Amazon worker and leader of an upstart labor union, challenged lawmakers on the tech behemoth's labor record at a Senate hearing on Thursday.Senate Budget Committee Chair Bernie Sanders called the hearing as part of his…

Therefore it is advised the one should not let down their Covid guard yet! WHO's Maria Van Kerkhove said," We believe we can end the Covid emergency by end of this year. This can be done by increasing the vaccination coverage and increasing access to life-saving tools and at the same time taking measures to reduce the spread. We cannot forget the possibility of more variants and all the future scenarios of how the pandemic may unfold." Earlier this week, WHO also pointed out that with the virus…

The Enforcement Directorate (ED) has summoned the global vice president of Chinese mobile manufacturing company Xiaomi, Manu Kumar Jain, for questioning in a probe linked to alleged contravention of the foreign exchange law, officials said on Wednesday.The federal probe agency, according to sources, is investigating the company and its executives under the provisions of the Foreign Exchange Management Act (FEMA) linked to foreign remittances worth crores made over the last few years. Jain, the former India head of Xiaomi,…