Charter to pay $1.15B in stabbing case, Home Depot store looks to unionize, Eataly sells controlling stake
Yahoo Finance's Julie Hyman breaks down notable business headlines that include Charter being ordered to pay $1.15 billion dollars to the family of a stabbing victim, workers at a Philadelphia Home Depot seeking unionization, and Eataly selling a controlling stake to InvestIndustrial.
Video Transcript
[AUDIO LOGO]
JULIE HYMAN: Cable company Charter has been ordered to pay $1.15 billion to the family of a murder victim who was stabbed to death by a cable technician. Now, that technician reportedly made a routine house call to the victim, then returned to the house the next day dressed in uniform, driving the company van to steal credit cards. The victim was stabbed after she caught that technician.
The victim's family says Charter tried to use forged documents to force the claim into private arbitration rather than court, and also allege they were negligent in checking the technician's background. In a statement to Reuters, Charter maintains it was not liable for the incident since the employee was off duty when he murdered the victim.
Employees at a Philadelphia Home Depot are taking the first official steps to unionization. This after a National Labor Relations Board filing on Monday that included 274 employees in merchandising, operations, and other roles. Previously, a Home Depot location in San Diego saw 60 employees unionized, but that was back in 2019. The most recent action in Philadelphia comes as a wave of unionization grows across the US hitting large corporations like Starbucks, Chipotle, Apple, and others.
And Italy is taking Eataly on an expanded world tour. The Italian food-focused grocery retailer and importer is selling a controlling stake to Investindustrial. That's a European private equity firm known for helping businesses expand overseas.
It also has stakes in things like Ducati. The deal increases Eataly's capital to about $198 million and will see Investindustrial take a 52% stake in Eataly. The grocery chain currently has locations in the US, UAE, Japan, and Brazil, as well as Italy itself.
