Anonymous ID: eced31 April 2, 2019, 8:21 a.m. No.6017564   🗄️.is đź”—kun

Wynn Resorts executives concealed sexual misconduct claims involving Steve Wynn

 

BOSTON (Reuters) - Massachusetts gaming regulators on Tuesday released an investigative report concluding that executives of Wynn Resorts Ltd concealed sexual misconduct allegations against the casino operator’s billionaire founder, Steve Wynn.

 

The Massachusetts Gaming Commission released the report at the start of a three-day hearing focused on whether Wynn Resorts remains suitable to retain a license needed to run a $2.6 billion casino it plans to open in June.

 

The report by the commission’s investigations and enforcement bureau followed a January 2018 article by The Wall Street Journal detailing allegations that the billionaire had engaged in a decades-long pattern of sexual misconduct.

 

His subsequent resignation as the company’s chief executive made him one of the most prominent corporate executives to lose their jobs amid the #MeToo movement, which has prompted women to share experiences of sexual abuse and harassment.

 

Wynn, who was the company’s long-time face, has called the accusations “preposterous.” His lawyer had no immediate comment on Tuesday.

 

The 199-page report will form the basis of the proceedings before the five-member commission, which can impose conditions on the Las Vegas-based company’s license or revoke it entirely.

 

The commission is not expected to issue a decision for several weeks. Nevada casino regulators have concluded a related investigation into the company that resulted in Wynn Resorts being fined $20 million in February.

 

In a statement, Wynn Resorts said it cooperated with the Massachusetts inquiry, has taken steps to improve its governance and parted ways with any employee who did not investigate or report allegations against Wynn.

https://www.reuters.com/article/us-wynn-resorts-massachusetts-idUSKCN1RE1HC

Anonymous ID: eced31 April 2, 2019, 8:27 a.m. No.6017624   🗄️.is đź”—kun

>>6017552

I bet. That has got to be a hell of an experience when that goes off. even with headset on. Had an experience being somewhat behind a u-2 on take-off, just behind it and to the left side of it many "ear's" ago. Never forget that.

Anonymous ID: eced31 April 2, 2019, 8:52 a.m. No.6017871   🗄️.is đź”—kun

U.S. March, first-quarter auto sales drop in weak start to 2019

(Reuters) - Major automakers on Tuesday reported weak sales for March and the first quarter citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on.

 

Passenger car sales suffered throughout the first quarter versus the same period in 2018 as Americans continued to abandon them in favor or larger, more comfortable and, for automakers, far more profitable pickup trucks and SUVs.

 

The battle for market share in the particularly lucrative large pickup truck market intensified in the quarter, as Fiat Chrysler Automobiles NV'S (FCA) Ram brand outsold No. 1 U.S. automaker General Motors Co's Chevrolet brand trucks.

 

The two automakers have both launched redesigned pickup trucks. For decades Ford Motor Co has had the single best-selling truck brand in its F-Series trucks, with the Chevy brand a solid No. 2, and Ram a distant third.

 

In the fourth quarter the Chevy and Ram brands were tied for second place behind Ford.

 

Overall, U.S. new vehicle sales are expected to decline in 2019 after a long bull run since the end of the Great Recession, led by falling passenger car sales. Competition in the high-margin SUV market is also intensifying.

 

Ford on Tuesday publicly unveiled details of the latest version of its Escape SUV, heavily emphasizing comfort features including a moving rear seat to provide more leg room.

 

GM posted a 7 percent drop in first-quarter sales, with declines across all brands. Sales of the automaker's Silverado pickup trucks fell nearly 16 percent and the high-margin Chevy Suburban large SUV dropped 25 percent.

 

GM does not report monthly sales.

(this is a legacy of the channel-stuffing issue where the car's sold to the dealer's are reported as vehicle sales.)

 

Fiat Chrysler Canada's auto sales fall 11 percent in March

(Reuters) - Fiat Chrysler Automobiles NV on Tuesday reported an 11 percent fall in total March sales in Canada.

 

The company, which is among the top four carmakers in the country, sold 21,684 vehicles in March, with its Alfa Brand reporting a 56 percent drop in sales.

 

Sales in the United States fell 7.3 percent, hit by a decline in sales across all of its major brands, except RAM trucks.

https://www.reuters.com/article/us-canada-auto-idUSKCN1RE1N3