Today: September 21, 2024
Today: September 21, 2024

Latest From Jonathan Stempel

Business|Finance|Stock Markets

Warren Buffett's Berkshire Hathaway closes above $1 trillion market value

Berkshire Hathaway's market value closed above $1 trillion for the first time on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built

Warren Buffett's Berkshire Hathaway closes above $1 trillion market value
Business|Finance|Technology

Self-driving truck company TuSimple settles fraud lawsuit for $189 million

TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety record

Self-driving truck company TuSimple settles fraud lawsuit for $189 million
Business|Finance

Care.com reaches $8.5 million US FTC settlement over job listings, renewals

Care.com, a platform for providing in-home care services to children, older adults and pets, agreed to pay $8.5 million to settle U.S.

Care.com reaches $8.5 million US FTC settlement over job listings, renewals
Business|Economy|Finance

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement
News|Technology

US appeals court revives Google privacy class action

A U.S. appeals court said Google must face a revived lawsuit by Google Chrome users who said the company collected their personal information without permission, after

US appeals court revives Google privacy class action
Business|Finance

Pilgrim’s Pride in $100 million settlement over chicken farmers' pay

Pilgrim's Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final

Pilgrim’s Pride in $100 million settlement over chicken farmers' pay
Business|Economy|Finance

Exonerated trader resolves lawsuit claiming Deutsche Bank 'scapegoated' him

A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has resolved a lawsuit accusing the German bank of

Exonerated trader resolves lawsuit claiming Deutsche Bank 'scapegoated' him
Business|Entertainment|Lifestyle

Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick

Starbucks has been sued for a third time by a company that accused the coffee chain of stealing its concept for coffee-flavored lipstick and lip gloss.

Business|Health|News

Bayer wins US legal victory against Roundup cancer claims; shares surge

Bayer won a legal victory in its fight to limit liability from claims its Roundup weed killer causes cancer, as a U.S. appeals court said on Thursday that federal law

Bayer wins US legal victory against Roundup cancer claims; shares surge
Business|Health|Lifestyle

PepsiCo can be sued over health claims for Gatorade protein bars, judge says

PepsiCo can be sued for marketing its Gatorade protein bars as good for you though they have more sugar than protein and more sugar than typical candy bars, a federal

PepsiCo can be sued over health claims for Gatorade protein bars, judge says
Business|Economy|Finance|News

'Coerced' JPMorgan Chase seeks to end NY lawsuit against Russia's VTB Bank

JPMorgan Chase on Friday asked a U.S. judge in Manhattan to dismiss its lawsuit against Russia's VTB Bank over a $439.5 million account frozen after Russia

'Coerced' JPMorgan Chase seeks to end NY lawsuit against Russia's VTB Bank
Health

Meta beats censorship lawsuit by RFK Jr's anti-vaccine group

Meta Platforms defeated an appeal by Children's Health Defense, an anti-vaccine group founded by Robert F.

Meta beats censorship lawsuit by RFK Jr's anti-vaccine group
Business|Technology

Intel shareholders sue chipmaker after job, dividend cuts cause stock plunge

Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and

Intel shareholders sue chipmaker after job, dividend cuts cause stock plunge
Business|Food|Lifestyle

Kroger wins dismissal of 'farm fresh' egg lawsuit

Kroger, one of the largest U.S. grocers, won the dismissal of a lawsuit claiming it misled consumers by using the familiar "farm fresh" label to describe eggs that came

Education|News

Harvard University must face lawsuit over antisemitism on campus, judge rules

(This Aug 6 story has been corrected to say that Brown University's resolution of a complaint filed with the U.S.

Harvard University must face lawsuit over antisemitism on campus, judge rules
Business|Finance|Stock Markets

Citigroup whistleblower denied share of $400 million penalty

A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in

Citigroup whistleblower denied share of $400 million penalty
Celebrity|Crime|News

Two of Jeffrey Epstein's close advisers can face victims' claims

A U.S. judge said two close advisers to the late Jeffrey Epstein can be sued by victims who accused them of aiding and abetting the disgraced financier's sex

Business|Technology

CrowdStrike is sued by fliers after massive outage disrupts air travel

CrowdStrike's legal troubles from last month's massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights

CrowdStrike is sued by fliers after massive outage disrupts air travel
Business|Finance|Stock Markets

USAA to pay $62.4 million to resolve military fee lawsuit

USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members

Business|Finance|News|Stock Markets

Berkshire halves Apple stake, boosts cash to $277 billion as it gets 'defensive’

Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the

Berkshire halves Apple stake, boosts cash to $277 billion as it gets 'defensive’
Business|Finance|Stock Markets

Buffett's sales of Bank of America top $3.8 billion

Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S.

Buffett's sales of Bank of America top $3.8 billion
Business|Finance|Stock Markets|Technology

CrowdStrike is sued by shareholders over huge software outage

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19

CrowdStrike is sued by shareholders over huge software outage
Business|Economy|Finance

UBS sues Bank of America for $200 million over crisis-era mortgage costs

UBS sued Bank of America for $200 million on Wednesday, saying the second-largest U.S. bank refused to cover its legal costs related to risky mortgages issued

UBS sues Bank of America for $200 million over crisis-era mortgage costs
Business|Economy|Finance

Buffett cuts Bank of America stake, sales top $3 billion

Warren Buffett's Berkshire Hathaway sold more Bank of America shares, boosting sales to more than $3 billion this month, taking profits after a big run-up in the second-

Buffett cuts Bank of America stake, sales top $3 billion
News|Political

Judge won't require monitor for NRA, bans ex-chief LaPierre for 10 years

A New York state judge decided not to impose an outside monitor for the National Rifle Association, handing a victory to the gun rights group, while banning

Judge won't require monitor for NRA, bans ex-chief LaPierre for 10 years

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