The Department of Education has cancelled the student loans for University of Phoenix. The move is part of a larger effort to crack down on fraud and misrepresentation in postsecondary education, but it also highlights a problem with how federal lending programs are set up today: enrollment promises don’t always translate to results. The “university … Read more
General Motors has filed a lawsuit against rival manufacturer Hyundai alleging that the automaker’s engines are defective. The suit, which seeks class-action status and compensation in excess of $10 million for owners who bought or leased cars from 2010 to 2013, claims that “internal combustion engines in certain models of GMC and Chevrolet automobiles” suffer … Read more
Kellogg has agreed to make the payments within 90 days, subject to approval by a federal judge. The payment amount is less than half of what Kellogg would have paid had it gone through with its 2017 lawsuit. Kellogg’s has been ordered to pay $13M in damages to people who bought their “healthy” cereal. The … Read more
The United States federal minimum wage is $7.25/hour ($1,410 a month). Truckers are often paid per load and salary for many smaller routes which might have been up to 20 miles long. Some truck drivers even earn more than the national median income of around $58,000 annually with overtime pay available after 40 hours or … Read more