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NY Attorney General Secures Deal: DoorDash Offers Second Chance To Applicants With Criminal Records

DoorDash faces a downturn as New York Attorney General Letitia James secures a settlement over biased hiring practices. The company's rejection of applicants with criminal records violated state laws, sparking a $75,000 penalty. Under the agreement, DoorDash will reevaluate applicants, revise policies, and compensate wrongfully rejected individuals.

DASH

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Dole’s Q1 Bottom-Line Beats Street View, Thanks To Higher Banana, Pineapple Volumes

Dole PLC reported a 6.6% increase in Q1 FY24 sales to $2.12 billion, matching analyst estimates. The growth was driven by strong operations and favorable currency impacts. Gross profit rose 8.7% to $194.7 million, while operating income surged over 100% to $71.5 million. Adjusted EPS of $0.43 exceeded the $0.31 estimate. The company also declared a $0.08 per share dividend.

DOLE

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Carvana Expects Surge In Used Car Demand On New Vehicle Oversupply

Amidst a potential oversupply of new vehicles, online used car giant Carvana (NYSE:CVNA) foresees a surge in sales, CEO Ernest Garcia III reveals. Increased production by major automakers is set to favor the retailer, with efforts to manage inventories through incentives and fleet sales, reported Bloomberg. Deutsche Bank AG (NYSE:DB) notes a rise in U.S. new car inventories, reaching 50 days' supply by April's end.

CVNA