United Auto Workers President Gary Jones. Photo: Bill Pugliano/Getty Images

United Auto Workers President Gary Jones has resigned, effective immediately, amid corruption charges, per his attorney, the AP reports.

Why it matters: UAW's executive board had already started taking steps to remove Jones under its bylaws, accusing him of “false, misleading and inaccurate expense records,” and indicating those charges could lead to his expulsion from the union. Jones has been implicated in an ongoing federal investigation into corruption at UAW, according to a CNBC report. He has not been charged by federal prosecutors, however federal agents raided his home in August.

  • The union said all active members of the UAW International Executive Board also supported the dismissal of Vance Pearson, the regional director charged with embezzling union funds in September.

The big picture: The decision to remove Jones and Pearson comes a week after reforms were enacted in an attempt to prevent and eliminate corruption.

  • UAW and General Motors approved a four-year labor contract in October, ending the first U.S. auto strike in 12 years. The union also certified an agreement with Ford last week.

Go deeper: General Motors sues Fiat Chrysler alleging union bribes

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New York AG files lawsuit to dissolve NRA

Wayne LaPierre. Photo: Saul Loeb/AFP via Getty Images

New York Attorney General Letitia James filed a lawsuit Thursday to dissolve the National Rifle Association, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.

Why it matters: The NRA is the most powerful gun lobby in the country and receives a huge amount in donations each year, but New York's investigation claims that CEO Wayne LePierre and other top leaders undermined the organization's mission for their own personal benefit.

19 mins ago - World

How 2,750 tons of ammonium nitrate were stranded in Beirut

The port after the explosion. Photo: AFP via Getty Images

On Sep. 23, 2013, a Russian-owned, Moldovan-flagged ship departed Georgia en route to Mozambique bearing 2,750 tons of ammonium nitrate, a material used in fertilizer as well as explosives.

Why it matters: The Rhosus made an unscheduled stop in Beirut, apparently due to engine problems. The ammonium nitrate never left the port, but destroyed it nearly seven years later, along with much of the city.

Pelosi rips GOP: "Perhaps you mistook them for somebody who gives a damn"

House Speaker Nancy Pelosi tore into her Republican colleagues on Thursday for their approach to negotiating the next coronavirus stimulus package, telling CNBC's Jim Cramer: "Perhaps you mistook them for somebody who gives a damn."

Why it matters: Democrats and the Trump administration have not agreed to any "top-line numbers" and remain "trillions of dollars apart," White House chief of staff Mark Meadows told reporters on Thursday.