Today: July 03, 2024
Today: July 03, 2024

Latest From Jonathan Stempel

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Walmart must face lawsuit over deceptive pricing in stores

Walmart must face a lawsuit claiming it often charges higher prices at the register than it posts on store shelves, costing consumers hundreds of millions of dollars a

Walmart must face lawsuit over deceptive pricing in stores
Business

Buffett's Berkshire countersues billionaire Haslams in battle over Pilot valuation

Warren Buffett's Berkshire Hathaway has accused billionaire Jimmy Haslam of promising secret payments to staff that would inflate the price Berkshire would have to pay

Buffett's Berkshire countersues billionaire Haslams in battle over Pilot valuation
Business

Former Goldman, Blackstone analyst pleads guilty to insider trading

A former Goldman Sachs and Blackstone analyst admitted to an insider trading charge on Thursday, after prosecutors accused him of passing tips to two friends

Former Goldman, Blackstone analyst pleads guilty to insider trading
Business|Technology

Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading

The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S.

Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading
Business|Economy

Progressive to pay $48 million to settle claims it undervalued wrecked cars

Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing the claims of New York drivers whose

Progressive to pay $48 million to settle claims it undervalued wrecked cars
Business|Economy

US judge's financial conflict leads to revived lawsuit against big banks

A U.S. appeals court threw out the dismissal of an antitrust lawsuit accusing 10 large banks of overcharging investors by billions of dollars of corporate bonds

US judge's financial conflict leads to revived lawsuit against big banks
Arts|Entertainment

Martin Shkreli copied one-of-a-kind Wu-Tang Clan album, lawsuit claims

Martin Shkreli has been sued in New York by a digital art collective that said it paid $4.75 million for a one-of-a-kind album by the hip-hop group Wu-Tang Clan

Martin Shkreli copied one-of-a-kind Wu-Tang Clan album, lawsuit claims
Business|Economy

NY grocer Gristedes to spend millions to settle US greenhouse gas charges

The New York supermarket chain Gristedes will pay a $400,000 civil fine and spend $13.5 million on repairs and upgrades to settle charges that its store

NY grocer Gristedes to spend millions to settle US greenhouse gas charges
Business|Technology

'Roaring Kitty' lawsuit over GameStop is withdrawn for now

Investors in GameStop have for now withdrawn their lawsuit accusing Keith Gill, who is known as "Roaring Kitty" and helped spur the meme stock mania of 2021, of

'Roaring Kitty' lawsuit over GameStop is withdrawn for now
Business|Economy

Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says

A federal judge said Visa and Mastercard can likely withstand a "substantially greater" settlement with merchants who said they overpaid on swipe fees than the

Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says
Business

US SEC trial against Terraform Labs postponed to allow Do Kwon extradition

A federal judge on Tuesday delayed the U.S.

Business

Berkshire buys Haslam family's remaining 20% Pilot stake

Warren Buffett's Berkshire Hathaway has bought the 20% stake of the Pilot truck stop business that it did not already own from the Haslam family, after

News

Eggland's Best is sued over saturated fat claims for its eggs

Eggland's Best, one of the largest U.S. egg producers, has been sued for falsely claiming that its eggs contain less saturated fat than other eggs.

News

Computer fix-it companies settle US FTC charges they lied about hacking threats

Two companies that claimed they could help rid computers of viruses and malware agreed to pay $26 million to settle U.S.

News

Reynolds Wrap aluminum foil isn't 'Made in USA,' lawsuit claims

The maker of Reynolds Wrap aluminum foil is being sued in a proposed class action claiming it misleads consumers by saying the foil is "Made in USA" though

News

Former US Army staffer pleads guilty to defrauding Gold Star families

A former U.S.

Business

Smartmatic, One America News settle election defamation lawsuit

Smartmatic has settled a lawsuit accusing right-wing television network One America News of defamation by falsely claiming that the voting technology company rigged the

Business|News|Technology

New York affordable internet law revived by federal appeals court

A divided federal appeals court revived a 2021 New York state law intended to provide affordable high-speed internet service to low-income families, setting

Business|Economy

NY man who used name of fake 'Seinfeld' company pleads guilty to fraud

A Brooklyn man who ran a business named for a fake company from the TV show "Seinfeld" to swindle $1.34 million from real estate and cryptocurrency investors,

Health

US urges dismissal of lawsuit demanding menthol cigarette ban

The Biden administration asked a federal judge to dismiss a lawsuit by anti-smoking groups demanding that it end nearly a year of delay and ban menthol cigarettes, which

US urges dismissal of lawsuit demanding menthol cigarette ban
Business|Economy

Warren Buffett donates record $5.3 billion Berkshire shares to charity

Warren Buffett donated another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation

Warren Buffett donates record $5.3 billion Berkshire shares to charity
Business|Economy

Ten big banks settle US interest rate swaps rigging litigation

Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of

Ten big banks settle US interest rate swaps rigging litigation
News|Political

US appeals court voids SEC rollback of proxy voting advice rules

A federal appeals court on Wednesday struck down part of the U.S.

US appeals court voids SEC rollback of proxy voting advice rules
Business|Economy|News

US to recover Monet, Warhol from fugitive financier Jho Low over 1MDB scandal

Jho Low, the fugitive Malaysian financier, will forfeit more than $100 million including a luxury Paris apartment and works by Claude Monet and Andy Warhol to settle

Business|Environment|Health

Connecticut firefighters sue DuPont, 3M, Honeywell over allegedly contaminated gear

DuPont, 3M, Honeywell and 16 other defendants were sued on Tuesday by Connecticut firefighters who said their protective gear was contaminated by toxic "forever

Connecticut firefighters sue DuPont, 3M, Honeywell over allegedly contaminated gear

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