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Activist Trian Fund sets its sights on Comcast, says company’s stock “undervalued”
Activist Trian Fund Management LP has purchased a $900 million or 0.4% stake in media giant Comcast Corporation (NASDAQ: CMCSA), betting that the company’s stock is undervalued and various operational…
By Colby McCoyLatest news
Microsoft to buy ZeniMax Media for $7.5 billion
Microsoft Corporation (NASDAQ; MSFT) announced its plan to purchase ZeniMax Media and its game publisher Bethesda Softworks for $7.5 billion.…
By Jackie AllenZoom accused of misleading consumers about its data security
Zoom Video Communications (NASDAQ: ZM) is facing a class action lawsuit alleging that the company misrepresented the level…
By Jackie AllenUS Judge blocks Commerce Department order to remove WeChat from app stores
San Francisco’s U.S. Magistrate Judge Laurel Beeler blocked a recent Department of Commerce order requiring Apple Inc (NASDAQ:…
By Colby McCoyApple ends credit-card partnership with Barclays in an effort to grow Apple Card customers
Apple, Inc. (NASDAQ: AAPL) on Tuesday ended its credit-card partnership with Barclays, Plc. (NYSE: BCS). The move was…
By Jackie AllenApple accused of copyright infringement of diverse emojis by CCI CEO Katrina Parrott
Apple, Inc. (NASDAQ: AAPL) is facing a copyright infringement lawsuit filed by Cub Club Investment, LLC. (CCI), owned…
By Jackie AllenH&M dumps Chinese supplier following allegations of forced Uyghur labor
Swedish powerhouse fashion brand H&M has ended its “indirect” relationship with Chinese cotton supplier Huafu Fashion Co., LTD.…
By Colby McCoyChime valuation surges to $14.5 billion, eclipsing Robinhood as the highest valued consumer fintech firm
Fintech has risen to new heights following Chime’s recent fundraising round, giving the ‘challenger bank’ valuation of $14.5…
By Colby McCoyBlue Bell Creameries to pay $17.25M for distributing ice creams linked to 2015 Listeriosis outbreak
A federal court ordered Blue Bell Creameries to pay $17.25 million in criminal penalties for distributing ice cream…
By Marivic Cabural SummersJustice Ruth Bader Ginsburg dies of pancreatic cancer
U.S. Supreme Court Justice Ruth Bader Ginsburg died on Friday of metastatic pancreatic cancer at the age of…
By Jackie AllenTikTok-Oracle deal takes unexpected turn as White House issues blanket ban effective this weekend
The White House announced bans for the wildly popular Chinese owned apps WeChat and TikTok citing national security…
By Colby McCoy