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Business July 29, 2020

VALIC Financial Advisors (VFA) to pay $40 million to settle SEC charges

The Securities and Exchange Commission (SEC) announced that VALIC Financial Advisors (VFA) agreed to pay approximately $40 million to settle two regulatory actions against the firm over its disclosure failures.…

By – Marivic Cabural Summers
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Business July 28, 2020
AAPA seeks $1.5B in COVID relief to save jobs, American supply chains

In a recent letter, the American Association of Port Authorities (AAPA) asked Congress for an emergency relief package…

By Colby McCoy
Business July 28, 2020
California Resources Corporation bankruptcy proceedings

On July 15, 2020, California Resources Corporation (CRC), California’s largest oil and gas production company filed for Chapter…

By Jackie Allen
Business July 28, 2020
Hertz‌ ‌continues‌ ‌to‌ ‌operate‌ ‌‌after‌‌ Chapter‌ ‌11‌ ‌bankruptcy‌

Car rental giant Hertz Global Holdings announced on May 22, it and multiple subsidiaries had filed for Chapter…

By Jackie Allen
Business July 28, 2020
Moderna shares surge after increased US investment in vaccine research

It has been a solid start to the week for Moderna, a large biotech company spearheading research and…

By Colby McCoy
Business July 28, 2020
European airline Ryanair suffers staggering losses amid COVID-19

From tourism to hospitality, COVID-19 has been nothing short of disastrous for global businesses across multiple industries. In…

By Colby McCoy
Business July 27, 2020
“Evil Corp” hackers strike again, demand $10M to restore Garmin services

American multinational GPS and wearable device maker Garmin Ltd. shut down some of its connected services and call…

By Jackie Allen
Business July 26, 2020
Indivior settles FTC complaint that it blocked generic competition to Suboxone

Indivior Inc (previously known as Reckitt Benckiser Pharmaceuticals) agreed to settle a lawsuit filed by the Federal Trade…

By Marivic Cabural Summers
Business July 26, 2020
DOJ charges Trustify co-founder Daniel Boice for defrauding investors

Trustify Co-founder and CEO Daniel Boice is facing criminal charges filed by the Fraud Section of the U.S.…

By Marivic Cabural Summers
Business July 24, 2020
California boosts supply of PPE for essential workers

California Gov. Gavin Newsom announced that his administration is “taking aggressive actions” to boost the state’s supply of…

By Marivic Cabural Summers
Business July 23, 2020
Covid-related Chapter 11 bankruptcy filings continue, no relief in sight

The trend of major U.S. companies filing for Chapter 11 bankruptcy continues amidst COVID-19. This week, small engine…

By Holden Harris

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