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Citibank ordered to pay $400M penalty over its “unsafe or unsound banking practices”
Citibank (NYSE: C) agreed to pay a civil penalty of $400 million to resolve charges by the Federal Reserve and Office of the Comptroller of the Currency (OCC) related to its…
By Marivic Cabural SummersLatest news
Clover Health attracts Chamath Palihapitiya with AI, inks $3.7 billion SPAC deal
Chamath Palihapitiya, the Canadian-American billionaire venture capitalist disclosed his newest target, Clover Health Investments, a Medicare Advantage insurance…
By Jackie AllenDOJ charges Florida recording artist, Pennsylvania man in $24M COVID-Relief Fraud Scheme
The U.S. Department of Justice (DO) filed charges against a recording artist in Florida and another man in…
By Colby McCoyEurope-based eToro aims to challenge Robinhood trading app in the U.S.
eToro, an Israeli-British online trading platform, has rapidly grown in popularity throughout Europe and now has plans to…
By Colby McCoyHouse Panel Says Tech Giants Hold Monopoly Power, Seeks to Break Them Up
A House panel led by Democrats concluded that tech giants Google, Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), and…
By Marivic Cabural SummersREAD: Court Opinion in Centripetal Networks vs. Cisco Systems patent infringement case
U.S. District Judge for the Eastern District of Virginia Henry Coke Morgan, Jr. ruled in favor of Centripetal…
By Marivic Cabural SummersCentripetal wins patent infringement case against Cisco, awarded as much as $3.2B in total damages
Centripetal Networks, a cybersecurity solutions provider based in Virginia, will receive around $2.65 billion to $3.25 billion in…
By Marivic Cabural SummersVideogame Companies Are Poised For Profits
2020 has been a tough year for bringing products to market. The COVID-19 pandemic has delayed sports seasons,…
By Sean CorlissRegal Cinemas to Close All 663 Theaters in the U.S. and U.K. on Thursday
Cineworld Group plc (OTCMKTS: CNNWF), the parent company of Regal Cinemas officially announced its decision to suspend all…
By Jackie AllenNRA CEO Wayne LaPierre under investigation by IRS for possible tax fraud
National Rifle Association (NRA) CEO Wayne LaPierre is under investigation by the Internal Revenue Service (IRS) over allegations…
By Colby McCoyStock Splits: What are they and why companies do it?
In the public marketplace, companies have a finite number of shares outstanding. Stock splits are one way for…
By Sean Corliss
