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Month: April 2023

5,000 GM salaried staff took buyouts

By Chris Isidore, CNN About 5,000 General Motors white collar employees have taken buyouts, according to GM CFO Paul Jacobson. Jacobson, speaking at an investor conference in New York on Tuesday, disclosed the number of employees who have taken package offered last month. He said that the company will take about a $1 billion charge

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US sanctions Lebanese brothers who sold ‘compromised fuel’

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. Treasury Department is sanctioning two Lebanese brothers accused of selling “dangerously compromised fuel” to Lebanon’s state utility company. Treasury’s Office of Foreign Assets Control blocked Raymond Zina Rahme and Teddy Zina Rahme from accessing U.S. bank accounts and the larger U.S. financial system. The brothers

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More than a dozen arrested after UConn wins NCAA men’s basketball national title

By Melissa Alonso and Michelle Watson, CNN More than a dozen people have been “arrested and charged with various crimes” after The University of Connecticut (UConn) won the NCAA men’s basketball national championship on Monday. “Fifteen people have been arrested and charged with various crimes; most of those arrested are UConn students,” University Spokesperson and

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