Latinos outnumber whites in California, according to the Census Bureau. Meanwhile, elsewhere in California, Uber challenges the court ruling about its drivers. Here are the top news stories for July 10, 2015.
Greece Submits Bailout Proposal—Is it Enough?
Greece submitted it austerity proposals to Eurozone creditors Thursday to secure another bailout and avoid economic devastation, USA TODAY reports. The plan includes sales tax hikes and cuts in state outlays for pensions. In exchange, Greece seeks a new three-year $59 billion bailout. Leaders from all 28 European Union member states are scheduled to meet again Sunday to make a final decision on whether to approve another bailout. Greece missed a June 30 deadline to make a $1.8 billion debt repayment. It is due to make another $3.9 billion payment by July 20.
Former ISS Employee Pleads Guilty
Brian Bennett, 42, of Mount Pleasant, S.C., pleaded guilty in Boston federal court on Thursday to conspiring over a six-year period to share insider information about how ISS’s shareholder clients had voted on corporate proposals to a middleman who could then pass the information on to companies, USA TODAY reports. In return, Bennett had received New England Patriots tickets and other gifts. He faces up to five years in prison, three years of supervised release and a $250,000 fine.
Uber Fighting California Federal Class Action Lawsuit
Ride-sharing service Uber filed court documents on Thursday fighting against a federal class-action lawsuit that seeks to reclassify all of its California drivers from independent contractors to employees, Business Insider reports. Uber argues that the class-action part of the suit should be dropped because the 160,000 drivers “have little or nothing in common,” other than their use of the Uber App in California at some point over the past six years.” Uber identifies itself as a ‘lead generation app” and has used 17 different agreements to sign up drivers. The case is scheduled to begin trial in August.
Procter & Gamble Merges with Coty
Procter & Gamble’s hair and color products, as well as other cosmetics and fine fragrances, will be merged with Coty for $12.5 billion, the company announced Thursday. Forty-three different product lines will be merged with Coty products, including CoverGirl makeup and Gucci fragrances. According to P&G CEO A.G. Lafley, “The merger with Coty will provide an excellent new home for these businesses and brands, as well as for the talented people who are operating them.” The transaction will produce a one-time gain for P$G of between $5 billion and $7 billion, but it considered a huge step for Coty, which also distributes products for brands like Calvin Klein and Adidas.
Latinos Outnumber Whites in California
The Census Bureau has made it official, that Latinos have surpassed Caucasians in the population of the state of California. The Los Angeles Times reported Thursday the official numbers show about 14.99 million Latinos and 14.92 million whites in the state as of July 1, 2014. More than one-quarter of all Latinos living in the United States reside in California, according to the Census Bureau. In 2003, it was determined that Latinos outnumbered whites in New Mexico, and Texas is very close to that distinction currently. The Times quotes a UCLA professor who says the growth of Latinos is not from immigration but from established residents “settling down and starting families.”
New Warnings About Ibuprofen
The Food and Drug Administration has changed its warnings about the dangers of taking painkillers like ibuprofen, increasing the threat of heart attack or stroke. The FDA said consumers should think more carefully about taking the drugs, both over-the-counter and prescription, and has asked manufacturers to change their labels. The new warnings cover ibuprofen (like in Advil or Motrin), naproxen (like in Aleve) and prescription arthritis drugs known as COX-2 inhibitors (like in Celebrex). Acetaminophen (like in Tylenol) is not one of the drugs included in the updated warnings.