A divided US appeals court has reinstated the conviction of a former Amazon.com warehouse employee who attacked a gay co-worker under a federal law barring hate crimes that affect interstate commerce. Continue reading
The judge hearing a complaint from state attorneys general seeking to stop T-Mobile from buying Sprint for $26 billion will hold a pre-trial on June 21, 2019. Continue reading
Retail sales in the US increased in May 2019 and sales for the prior month were revised higher, suggesting a pick-up in consumer spending. The Commerce Department said retail sales rose 0.5 percent in May 2019 as households bought more motor vehicles and a variety of other goods. Sales at bars and restaurants increased 0.7 percent last month, while those at hobby, musical instrument and book stores rose 1.1 percent.
Chewy competes with Amazon.com and Blue Buffalo Pet Products, which was acquired by General Mills in 2018. The company priced its initial public offering (IPO) at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion. Continue reading
Credit unions, nationally and especially in Florida, are diving into a new form of expansion: buying banks. A pair of billion-dollar area credit unions lead the way in the buy-to-grow strategy. The 15 largest credit unions in Florida hold more than $45 billion in assets. Five of the top 15 are based in the Tampa Bay/Lakeland region.
From The National Law Review:
On May 23, 2019, Florida Govenor Ron DeSantis signed SB 1024 (Florida Blockchain Bill) into law to establish the Florida Blockchain Task Force (Blockchain Task Force) within the Florida Department of Financial Services.
Proposals for European patent guidelines covering technology essential for self-driving cars and internet-linked vehicles are creating challenges for technology companies and automakers alike. For example, the differences between companies such as Qualcomm and Nokia and vehicle manufacturers like BMW and Daimler over patent terms raises the prospect of legal challenges and antitrust suits. Continue reading
General Motors has reported it is investing about $150 million at its Flint Assembly plant in Michigan to boost production of heavy duty trucks by an additional 40,000 vehicles a year. The Flint investment will include upgrades to the plant’s conveyors and other new tooling, and will be completed in the first half of 2020. GM has invested more than $1.6 billion in the plant since 2013. Continue reading
Florida-based cybersecurity company KnowBe4 has raised another $300 million – and along the way achieved “unicorn” status with a valuation of $1 billion. Continue reading
Adam Rogers, Ultimate Software’s chief technology officer, has been named co-CEO of the Florida-based technology company. Mr Rogers joined Ultimate Software in 1997and will lead the company with Scott Scherr, founder and now co-CEO. Continue reading