Latest Companies News & Archive

Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York

J&J Unveils Landmark $6.5 Billion Settlement With Baby Powder Ovarian Cancer Claimants

J&J has reached a new $6.5 billion settlement with those who claimed that the company's baby powder causes ovarian cancer.

Eight Newspapers Sue Microsoft And OpenAI For Unauthorized Use Of Articles

ChatGPT creator OpenAI did not explain what went awry with its generative artificial intelligence (AI) tool

The lawsuit filed by eight newspapers, including the New York Daily News and Chicago Tribune, is focused on the usage of ChatGPT and Microsoft's Copilot assistant, which are integrated into various Microsoft products such as the Windows operating system and the Bing search engine.

Bitcoin Plunges To $60K As Binance's CZ Gets Sentenced To 4 Months In Prison

Changpeng Zhao pleaded guilty to violating US anti-money laundering laws and agreed to step down as Binance CEO

On the day of his sentencing, the price of Bitcoin plummeted from nearing $64,000 to $60,000. Such a development led the crypto community to express various thoughts on his sentence, with some predicting the digital coin won't see a bull run until the crypto mogul is released in August.

Former US President Donald Trump, with attorney Todd Blanche (L), walks toward the press to speak after attending his criminal trial for alleged business record fraud

Donald Trump Gets $1.8 Billion Worth Of 'Earnout' Shares In Trump Media Group

Donald Trump has received an additional $1.8 billion worth of stock in Trump Media & Technology Group, the parent company of Truth Social, as part of a bonus referred to as "earnout" shares.

Insight

More news

Co-founder Of Embattled Samourai Wallet Released On $1M Bond, Under House Arrest

Samourai wallet's co-founder, who was arrested last week by U.S. authorities, has pled not guilty and was released on a $1 million bond. He is due for his next hearing on May 14 over charges linked to the development and marketing of the crypto mixing service.

25 Years of Training Excellence: Eurotech's Footprint on the Oil and Gas Industry

Founded in 1998 in Kuwait, Eurotech has surpassed 25 years of excellent services, a milestone symbolizing Eurotech's commitment and expertise.

Precita Placements Seeks Out Untapped, Diverse Talent, Targeting Gender Parity In Executive Placement

Led by an all-female team, Precita assists corporate leaders who want to drive real change at their organizations by helping them meet and implement diversity standards.

Crisis Communication: Fail To Plan, Plan To Fail

Melody Kimmel, the founder of MK Media Training, LLC, a New Jersey-based company specializing in media training, presentation coaching, and message training, emphasizes the importance of maintaining integrity and accountability through effective crisis communication.

Owl.co: Taking The Insurance Industry By Storm

Owl.co's innovation is the application of advanced machine learning and artificial intelligence that significantly streamlines the claims processes and decisioning.

NFT Community Lauds Yuga Labs' Acknowledgement It 'Lost Its Way' Amid Latest Layoffs

Yuga Labs has gone through another restructuring around six months since its trimmed its workforce to focus on its metaverse project, and this time, the focus is to get back to the NFT titan's roots.

Hipgnosis Songs Fund's catalogue includes Justin Bieber, Shakira and Neil Young.

Blackstone Strikes Chord With $1.6 Bn Bid For UK Music Firm

The announcement is the latest twist in a bidding war which last week saw US music group Concord ramp up its offer to beyond Blackstone's previous bid for Hipgnosis, whose catalogue includes Justin Bieber, Shakira and Neil Young.

Michael Saylor Reveals The Time He Thought Bitcoin Was Like 'Online Gambling'

Michael Saylor is known for his extreme optimism toward Bitcoin, but it turns out there was also a time when he doubted the digital asset's path and whether it was worth his interest.

Elon Musk, owner of social media platform X, faces an investigation by Brazilian authorities over accusing a judge of censorship for blocking certain social media accounts suspected of spreading disiniformation

Elon Musk Heads To China For A Visit To Tesla's Second-Largest Market

Musk aims to meet senior Chinese officials in Beijing to discuss the deployment of Full-Self Driving (FSD) software in China.

Stripe Snaps 6-Year Crypto Break, Announces USDC Stablecoin Support In Summer

Stripe has returned to the cryptocurrency space six years since it terminated support for Bitcoin payments, but this time, it is jumping back in through the expanding stablecoin market, starting off with the USDC.

Morgan Stanley Reportedly Considers Allowing Solicited Bitcoin ETF Purchases

Morgan Stanley may trigger a significant shift in the way traditional banking institutions have dabbled into cryptocurrency offerings as it is reportedly exploring the possibility of allowing its brokers to recommend spot Bitcoin ETFs to clients.

American Airlines cited recovering business travel as a supportive factor as it confirmed its full-year profit forecast

American Airlines Confirms 2024 Forecast Despite Q1 Loss

American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.

Snap chief Evan Spiegel says improved ad systems at Snapchat and the social network's 'hard to reach' young users make it attractive to businesses

Snap Shares Pop After Revenue Tops Expectations

Shares in social media company Snap, which runs the youth-focused Snapchat, soared nearly 25 percent on Thursday after it reported more quarterly revenue than expected by analysts.

FTC Issues $5.6 Million Refunds To Amazon Ring Camera Buyers Over Privacy Concerns

Recipients of the refunds will receive payments via PayPal, with amounts varying between $150.00 and $47.70, depending on factors such as the type of Ring device owned and the timeframe of account usage.

Changpeng 'CZ' Zhao turned Binance into the biggest cryptocurrency exchange in the world

Lawyers For Binance's CZ Decry US Prosecutors' Proposed 3-Year Sentence

Changpeng Zhao's legal team believes the proposal to hand Binance's former CEO a three-year sentence is too much, considering how he was only charged of AML compliance failure.

Australian mining giant BHP in takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector

BHP Launches $38.8 Billion Takeover Bid For Rival Anglo American

Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.

Some McKinsey consultants are known to have worked as unpaid volunteers on Macron's victorious 2017 election campaign

McKinsey Under Criminal Investigation Over Alleged Role In Fueling Opioid Epidemic

McKinsey & Company is facing a criminal investigation by U.S. attorneys' offices in Massachusetts and the Western District of Virginia for its alleged role in fueling the opioid epidemic.

Michael Saylor Challenged To Prove Bitcoin Is 'Refreshing' By Pumping Price To $100K

Michael Saylor believes Bitcoin is refreshing, but some crypto users are increasingly becoming frustrated over the tech mogul's optimism, arguing that the digital asset's price has been down significantly from its $73,000 all-time high in March.