Press Digest: New York Times business news - June 28

Nu Ride

28/06/2023 06:17

June 28 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.
   
    - Lordstown Motors Corp  RIDE.O , the troubled electric
vehicle company that bought a shuttered General Motors factory
in Ohio with grand plans to create the Tesla of pickup trucks,
filed for bankruptcy protection on Tuesday.
    
    - Starbucks Corp  SBUX.O  said on Monday it would issue
"clearer" guidelines on permissible store decorations after the
union that represents thousands of its workers said management
had prohibited some employees from putting up decorations for
Pride Month.
    
    - A beleaguered trucking business, Yellow Corp  YELL.O ,
that received a $700 million pandemic-era loan from the U.S.
federal government may be forced to file for bankruptcy
protection this summer amid a dispute with its union, a
development that could leave American taxpayers stuck with a
failed company.
    
    - A U.S. judge on Tuesday indicated that he was likely to
deny a request from lawyers for former U.S. President Donald
Trump to move a New York State criminal case against the former
president to federal court.
    


 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))