Corporate/Industrial News – Page 278

Senior Attorney Helped FTX Founder Misuse Customer Funds, Report Says

26Jun

By adminNo Comments

Money

Senior Attorney Helped FTX Founder Misuse Customer Funds, Report Says

The unnamed lawyer in a document released by FTC Chief Executive John J. Ray III appears to be the crypto exchange’s former chief regulatory officer, Daniel Friedberg, say people familiar with the matter.

Robinhood Lays Off About 7% of Its Full-Time Employees

26Jun

By adminNo Comments

World

Robinhood Lays Off About 7% of Its Full-Time Employees

Move is the online brokerage’s third round of layoffs in just over a year.

Junk-Bond Sales Are Up as Firms Submit to Tougher Terms

25Jun

By adminNo Comments

Money

Junk-Bond Sales Are Up as Firms Submit to Tougher Terms

Low-rated companies are finding ways to tap bond markets while minimizing the hit to their borrowing costs.

Car Insurance Rates Are Soaring With Little Relief in Sight

24Jun

By adminNo Comments

World

Car Insurance Rates Are Soaring With Little Relief in Sight

Even states with consumer friendly laws, and tough powers to veto increases, are allowing rates to rise.

Georgia-Pacific Ruling Reinvigorates Texas Two-Step

23Jun

By adminNo Comments

World

Georgia-Pacific Ruling Reinvigorates Texas Two-Step

Just as the Texas Two-Step looked to be on the ropes, a federal appeals court showed the controversial tactic still has legs. The Fourth Circuit Court of Appeals earlier this week signaled strong approval for Georgia-Pacific’s strategy of settling mass asbestos claims through the chapter 11 case of its affiliate Bestwall, the first of the current breed of Texas Two-Step bankruptcies. Bestwall filed for chapter 11 in 2017 in North Carolina and has since been locked in a standoff with asbestos-injury claimants who are determined...

Twitter Shows 'Strong Willingness' to Comply With Digital-Content Law, EU Regulator Says

23Jun

By adminNo Comments

Technology

Twitter Shows 'Strong Willingness' to Comply With Digital-Content Law, EU Regulator Says

Thierry Breton, a top tech regulator for the bloc, gave his assessment after an EU team visited Twitter’s headquarters.

NRG Energy Promises Greater Investor Returns

22Jun

By adminNo Comments

Money

NRG Energy Promises Greater Investor Returns

The company under CEO Mauricio Gutierrez is taking action to win over shareholders as it faces pressure from activist investor Elliott Investment Management.

Canada Passes Law Forcing Facebook, Google to Pay Media for Links

22Jun

By adminNo Comments

World

Canada Passes Law Forcing Facebook, Google to Pay Media for Links

ShareListen(2 min)

The FTC sued Amazon, alleging that the retail giant worked for years to enroll consumers without consent into Amazon Prime and made it difficult to cancel their subscriptions to the program.

21Jun

By adminNo Comments

World

The FTC sued Amazon, alleging that the retail giant worked for years to enroll consumers without consent into Amazon Prime and made it difficult to cancel their subscriptions to the program.

21Jun

By adminNo Comments

Money

Elliott Seeks Ouster of NRG Energy CEO

Elliott Investment Management is ratcheting up the pressure on NRG Energy and is now seeking to oust its chief executive, according to people familiar with the matter.