Talking Points

Wynn Resorts losing high-profile general counsel

General counsel Kim Sinatra left her position at Wynn Resorts, marking another high-profile change at the casino company.
General counsel Kim Sinatra left her position at Wynn Resorts, marking another high-profile change at the casino company.David Becker/Getty Images for Wynn Las Vegas/File 2018


General counsel of Wynn Resorts leaves

Wynn Resorts Ltd., whose founder left earlier this year over allegations of sexual harassment, said general counsel Kim Sinatra left her position, marking another high-profile change at the casino company. Wynn Resorts hasn’t finalized the terms of her transition, according to a filing Thursday. Sinatra had held the post since 2004. Sinatra’s departure follows other high-level changes at the Las Vegas-based company, including on the board, following the resignation of chief executive Steve Wynn in February. — BLOOMBERG NEWS


Kim Dotcom loses another bid to avoid extradition to US

Internet entrepreneur Kim Dotcom and three of his ex-colleagues have lost their latest bid to avoid extradition to the United States to face criminal charges. New Zealand’s Court of Appeal on Thursday upheld court rulings that found the men were eligible to be handed over to US authorities. Dotcom’s lawyer Ira Rothken said they were disappointed with the judgment and planned to file an appeal with New Zealand’s Supreme Court. The latest decision comes more than six years after US authorities shut down Dotcom’s file-sharing website Megaupload and filed charges of conspiracy, racketeering, and money laundering against the men. If found guilty, they could face decades in prison. — ASSOCIATED PRESS


Starbucks employee fired for allegedly mocking stuttering customer

Starbucks said an employee in Philadelphia has been fired after reportedly mocking a customer with a stutter. The coffee chain said the behavior did not reflect the experience customers should have and the employee is no longer with Starbucks. A customer posted Sunday on Facebook that his friend stuttered when giving his name. He said the barista then made light of it verbally and then spelled the name with extra letters. The friend e-mailed Starbucks and was offered $5 as an apology, according to the post. Starbucks also said that was not the ideal response. In May, Starbucks held antiracial-bias training for thousands of US employees after a worker at another Philadelphia store called police on two black men waiting for a friend. — ASSOCIATED PRESS



Summer airport crowds bigger than at the holidays

If you’re looking to avoid the big crowds at the airport, you might delay traveling until — get this — Thanksgiving or Christmas. Contrary to popular belief, airlines carry thousands more people on some days in June, July, and August than around the end-of-year holidays. American Airlines Group expects to fly 692,300 people on July 8, making it the busiest day this summer. It will operate 6,892 flights on July 13 and again on July 20, the most so far this year. The carrier’s most-crowded day last summer was June 30, when it flew 698,300 people. By contrast, American’s biggest day in November involved 677,317 passengers, and its heaviest day in December, 682,390. — BLOOMBERG NEWS



Credit Suisse to pay $77 million fine for hiring relatives of Chinese officials

Credit Suisse is paying $77 million to the Justice Department and the Securities and Exchange Commission to settle charges that it hired relatives of influential Chinese officials in order to win business for the bank in the country. Prosecutors said Credit Suisse’s managers in Asia admitted that between 2007 and 2013 they hired job candidates suggested by powerful people in China’s government and state-run corporations with the expectation that the bank would receive lucrative new deals in return. As part of the settlement, the bank acknowledged its actions violated the Foreign Corrupt Practices Act. — NEW YORK TIMES


ZTE names new leader as US weighs ban

ZTE Corp. has appointed a 20-year veteran to lead the Chinese telecom company as the United States weighs an end to a seven-year ban. Board members unanimously voted in Xu Ziyang, who was most recently in charge of the company’s wireless-network products, to replace Zhao Xianming, according to a Hong Kong stock exchange filing. Wang Xiyu, Gu Junying, and Li Ying, who was also selected as chief financial officer, were named vice presidents. New leadership was one of several conditions in an agreement struck between ZTE and the United States to end a ban on technology purchases that crippled its business. The Chinese company also agreed to pay a steep fine for violating sanctions on exports to Iran and North Korea, then lying about it. — BLOOMBERG NEWS



Ryanair unrest expands to flight attendants

Ryanair Holdings PLC flight attendants in four European countries said they plan to follow pilots in staging walkouts during the coming weeks as the Irish discount airline faces its biggest confrontation yet with organized labor. Spanish, Portuguese, and Belgian cabin crew will go on strike July 25 and 26, Bruno Fialho, vice president of the Portuguese union SNPVAC, said after a meeting in Brussels Thursday. Italian flight attendants will join the action on July 25, while workers in Germany and the Netherlands won’t strike on those days due to local labor rules. — BLOOMBERG NEWS


Boeing in joint venture with Brazilian company

Boeing Co. and the Brazilian jet maker Embraer will attempt to form a joint venture that would push the US aerospace giant more aggressively into the regional aircraft market. The new company, which faces scrutiny from lawmakers in Brazil, is valued at about $4.7 billion. The companies said Thursday that Boeing will own 80 percent of the venture, and Embraer SA 20 percent. Brazilian lawmakers have been hesitant to allow any deal, fearing the loss of control of a major industrial and defense asset. — ASSOCIATED PRESS



Businesses added 177,000 workers in June

American businesses added 177,000 workers in June, a sign of health and resilience for the US labor market and economy, according to a private survey. Payroll processor ADP said Thursday that hiring was led by employers with more than 50 workers, accounting for 84 percent of the job growth. The education and health sector led the gains by adding 46,000 workers. Leisure and hospitality added 33,000 jobs, as did professional and business services. The ADP figures come one day before the government releases its monthly employment report. — ASSOCIATED PRESS


Rates fall for fifth time in six weeks

Long-term mortgage rates fell this week, offering a slight degree of relief to would-be home buyers. Mortgage buyer Freddie Mac said the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. Still, the average rate has increased from a year ago when it stood at 3.96 percent. The average rate on 15-year, fixed-rate loans slipped to 3.99 percent from 4.04 percent a year ago. — ASSOCIATED PRESS


London black cabs to show up on German streets

London EV Co. plans to start selling an electric version of the iconic black cab in Germany, targeting a slice of the nation’s taxi business dominated for decades by Daimler’s diesel vehicles. As being green matters more and more to European consumers, LEVC plans to benefit from a partnership with Volvo to sell hundreds of its battery-run black cabs in Berlin and other German cities. The car is already ferrying passengers on the streets of Amsterdam and Oslo. — BLOOMBERG NEWS