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Amazon fined $887 million by European privacy watchdog

A European privacy watchdog fined Amazon for 746 million euros, or $887 million, for violating the bloc's data protection laws. The fine was issued two weeks ago by Luxembourg's privacy regular, revea...

By  Shubhangi On  2021-07-30 23:19:00
Aon and Willis Towers Watson scrap $30 billion merger amid antitrust dispute

Aon Plc and Willis Towers Watson Plc canceled a $30 billion merger that would have formed the world's largest insurance broker on Monday, citing objections from U.S. authorities. Last month, the DOJ f...

By  Ishika Dangayach On  2021-07-26 23:58:00
FirstEnergy reaches agreement to resolve department of Justice Investigation

FirstEnergy resolves previously disclosed matter, building on meaningful actions already taken to enhance compliance program, strengthen leadership team, and implement more robust oversight of governm...

By  Pavankumar On  2021-07-25 09:28:00
U.S. formally accused China of fostering cyberattack on Microsoft Exchange

The White House on Monday formally accused the Chinese government of hacking Microsoft Corp's email systems used by many of the companies, governments and military contractors around the world, as the...

By  Arghyadeep On  2021-07-20 02:25:00
US warns businesses with operations in Hong Kong

Biden administration on Friday warned businesses with operations in Hong Kong of regulatory risks due to China's attempt at restricting freedom in Hong Kong. The Hong Kong Business Advisory which is j...

By  Shubhangi On  2021-07-17 03:42:00
US warns businesses with links with China’s Xinjiang province

The Biden administration on Tuesday warned businesses having supply chain and investment ties to China's Xinjiang province as signs of genocide and other human rights violations increases in the regio...

By  Shubhangi On  2021-07-14 02:45:00
Musk testifies for second day in trial over SolarCity acquisition lawsuit

Elon Musk on Tuesday defended his involvement in the company's $2.6 billion acquisition of SolarCity in court, claiming there was no controlling pressure on the deal. According to the complaint filed ...

By  Ishika Dangayach On  2021-07-14 00:11:00
Google fined $593 million by France’s competition watchdog

French competition regulators fined Google 500 million euros, or $593 million, for not complying with an order to negotiate fair deals with news publishers for using their content. France's Autorité d...

By  Shubhangi On  2021-07-14 00:10:00
“I tried very hard not to be the CEO of Tesla," says Elon Musk amid SolarCity acquisition lawsuit

Elon Musk, CEO of Tesla, defended his involvement in the company's $2.6 billion acquisition of SolarCity in court on Monday, claiming there was no controlling pressure on the deal. According to the co...

By  Ishika Dangayach On  2021-07-13 01:59:00
FuelCell Energy receives court case win in the Court of Chancery in Delware versus POSCO Energy

DANBURY, CT – July 12, 2021 – FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enabl...

By  Pavankumar On  2021-07-12 17:41:00
Biden signs order to curb anti-competition practices in US

President Joe Biden signed an executive order on Friday to encourage competition in the economy by asking agencies to curb anti-competitive practices in various sectors including agriculture, drugs an...

By  Shubhangi On  2021-07-10 01:40:00
Dozens of states files antitrust lawsuit against Google over Play Store fees

A group of 36 states and the District of Columbia have filed a lawsuit against Alphabet Inc's Google on Wednesday, claiming its Android app store has violated antitrust laws. The lawsuit is the fourth...

By  Arghyadeep On  2021-07-09 02:12:00
DOJ is probing Lordstown Motor for alleged falsification of pre-order data: WSJ

The Justice Department is investigating the electric truck startup Lordstown Motors Corp., WSJ reported, citing the sources familiar with the matter. The investigation against the company is being han...

By  Ishika Dangayach On  2021-07-03 00:07:00
FTC, Broadcom agree to settlement around illegal monopoly charges

The Federal Trade Commission and Broadcom Inc. AVGO -0.31% have agreed to settle charges that the company used its dominance in some chip markets to squeeze out potential rivals. The FTC on Friday sai...

By  Pavankumar On  2021-07-02 19:21:00
Trump Organization's CFO surrenders ahead of expected tax-related criminal charges

The Trump Organization's longtime CFO, Allen Weisselberg, surrendered to authorities on Thursday as he and the company expected to face the first alleged criminal investigation on tax-related crimes l...

By  Arghyadeep On  2021-07-01 21:12:00
Prosecutors to charge Trump Organization and its CFO with tax-related crimes on Thursday - WSJ

The Manhattan district attorney's office is expected to charge the Trump Organization and its CFO with alleged tax-related crimes on Thursday, The Wall Street Journal reported, citing people familiar ...

By  Arghyadeep On  2021-06-30 23:11:00
John McAfee found dead in Spanish jail, hours after U.S. extradition judgement

Antivirus software entrepreneur John McAfee died in a Spanish detention cell by apparent suicide Wednesday evening, hours after the news appeared that he would be extradited to face criminal tax evasi...

By  Ishika Dangayach On  2021-06-24 02:10:00
U.S. Supreme Court overturns class action ruling against Goldman Sachs

The U.S. Supreme Court on Monday ruled victory in favor of Goldman Sachs Group Inc as a lower court will have to consider again whether a shareholder class-action lawsuit against the bank can proceed....

By  Arghyadeep On  2021-06-22 00:20:00
Luby’s, Inc. signs agreement to sell theFuddruckers franchise business to affiliate of nicholas perkins

HOUSTON, TX – June 17, 2021 – Luby's,Inc. ("Luby's" or the "Company") (NYSE: LUB), today announced the Company has entered into an agreementto sell the Fuddruckers franchise business operations to a n...

By  Divya On  2021-06-18 19:08:00
Brady corporation acquires code corp,announces webcast regarding recent acquisitions

MILWAUKEE (June 17, 2021) -- Brady Corporation (NYSE: BRC) ("Brady") announced today that it has acquired The Code Corporation ("Code" or the "Company") for approximately $173 million. Brady will fund...

By  Divya On  2021-06-18 18:14:00
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