Nation Jun 23 Starbucks workers plan strike over Pride displays, company accuses union of spreading false information Workers at 150 Starbucks locations will strike in a clash over decor supporting LGBTQ+ causes, but the company accused the union of using it as a tactic in labor talks.
Nation Jun 12 JPMorgan reaches settlement with victims of Jeffrey Epstein The lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein’s decades-long abuse of teenage girls and young women. Terms of the settlement were not disclosed.
Economy May 09 Goldman Sachs settles gender discrimination suit for $215 million The lawsuit, initially filed in September 2010, was set to go to trial next month. The plaintiffs in the case are women who worked for Goldman as an associate or vice president in the U.S. in the investment banking, investment…
Nation Apr 04 Richard Branson's Virgin Orbit files for Chapter 11 bankruptcy Richard Branson's Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission this year and increasing difficulty in raising funding for future missions.
Economy Apr 03 UFC, WWE combine to form a $21.4 billion sports entertainment company WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company.
Economy Mar 20 FDIC extends bidding process for Silicon Valley Bank successor The FDIC said Monday that there’s been “substantial interest” from multiple parties for Silicon Valley Bridge Bank.
Nation Mar 17 Parent of Silicon Valley Bank files for bankruptcy protection SVB Financial Group is filing for Chapter 11 bankruptcy protection. SVB Financial Group is no longer affiliated with Silicon Valley Bank or the bank’s private banking and wealth management business, SVB Private.
Economy Mar 15 First major U.S. railroad merger in approved to go forward The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, is being approved by federal regulators.
Economy Mar 14 Class action lawsuit filed against Silicon Valley Bank parent company The lawsuit against SVB Financial Group, CEO Greg Becker and CFO Daniel Beck was filed in the U.S. district court for the Northern district of California. It is looking for unspecified damages to be awarded to some SVB investors.
Science Mar 13 Pfizer buys Seagen for $43 billion, seeks new cancer treatments Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue.