America August 29, 2020
Apple settles class-action lawsuit regarding Powerbeats 2 earbuds
Anyone who bought a pair of wireless Powerbeats 2 earbuds before Aug. 7, may receive a part of the $9.75…
Industry News August 29, 2020
MGM Resorts announces sweeping layoffs of 18,000 furloughed workers
MGM Resorts has announced intentions to lay off 18,000 furloughed workers, about one-third of MGM’s pre-pandemic workforce of 68,000 employees…
Business August 28, 2020
Herbalife to pay $123M to settle investigations into its alleged corrupt practices
Herbalife Nutrition Ltd (NYSE: HLF) agreed to pay a total of 123 million to settle the investigations into its alleged…
Financial Investigations August 28, 2020
DOJ files complaint to seize 280 cryptocurrency accounts tied to North Korean hackers
The U.S. Department of Justice (DOJ) filed a lawsuit to seize 280 cryptocurrency accounts linked to North Korean hackers who…
America August 28, 2020
Builders FirstSource merger all-stock deal creates mega-giant
The all-stock merger of Dallas-based Builders FirstSource and BMC Stock Holdings (BMC) of Raliegh, North Carolina, has created a mega-giant building…
International August 28, 2020
Chinese firms and executives linked to South China Sea sanctioned by US
The U.S. has announced a fresh round of sanctions on Chinese firms and executives linked to the hotly contested South…
International August 28, 2020
Walmart confirms possible joint deal with Microsoft to buy TikTok
Walmart has confirmed discussions with Microsoft in a possible collaborative deal to purchase the U.S. TikTok division from Chinese company…
Business August 28, 2020
Bed, Bath and Beyond, Cisco Systems and more plan layoffs
The moratorium on layoffs for companies that accepted federal funding or Payroll Protection Program (PPP) loans is expiring. And even those…
Business August 28, 2020
SEC stops fraudulent offering by Coral Gables Asset Management
The Securities and Exchange Commission (SEC) stopped an allegedly ongoing fraudulent offering by Coral Gables Asset Management and its sole…
America August 28, 2020
Peter Jubber, Fidelity’s head of strategy files Form D for new bitcoin fund
On Wednesday, Aug. 26, Peter Jubber, Fidelity’s head of strategy, filed a Form D with the U.S. Securities and Exchange…
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