Category: Business

The settlement is with 43 states, the District of Columbia and three territories, the person said on Wednesday. Several attorneys general said they planned announcements on the opioid epidemic on Thursday. They included Vermont’s attorney general, T.J. Donovan, whose office said it would announce its participation in the first multi-state opioid settlement “to result in […]

CNN President Jeff Zucker will leave the cable news network at the end of 2021, CNN said on Thursday. “The truth is, back in November and December, I had basically decided that it was time to move on now,” Zucker told employees on a morning call on Thursday. “But since then, I’ve had a change […]

The top U.S. securities regulator said on Thursday that it had charged asset management firm GPB Capital, as well as its owner and CEO and other executives and affiliated firms, for allegedly defrauding more than 17,000 individual investors in a “Ponzi-like scheme.” The Securities and Exchange Commission said the firm raised over $1.7 billion in […]

Videogame retailer GameStop Corp’s shares rose 5%, while cinema operator AMC Entertainment Holdings Inc fell 2.7% in early U.S. pre-market trading on Thursday. As the social media-driven trading frenzy calms, GameStop shares have slumped to about $92 each from a high of $483 last week. U.S. Treasury Secretary Janet Yellen will meet top officials, including […]

Despite the signs that layoffs are abating, the weekly jobless claims report from the Labor Department on Thursday showed at least 17.8 million Americans were on benefits in mid-January, indicating that long-term unemployment was likely becoming entrenched. That could boost President Joe Biden’s push for the U.S. Congress to pass his $1.9 trillion recovery plan. […]

A Texas court considering a state antitrust lawsuit against Alphabet Inc’s Google is likely to hold a hearing on the company’s request to move the trial to California, according to discussions at a status conference on Thursday. Lawyers at the pretrial conference, which was held in Plano, Texas, discussed Google’s motion to move the case […]

A Valero Energy Corp joint venture will become the largest renewable diesel producer in the United States in 2023 when it opens a second facility at a site in Texas. The second-largest crude oil refiner in the United States on Thursday said it and partner Darling Ingredients Inc approved construction of a 470-million-gallon renewable diesel […]