The U.S Department of Justice has subpoenaed some short sellers for trading information on firms including Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and JPMorgan Chase & Co (JPM.N), as part…
Category: Business
Zoom renames chat product, adds features in push to compete with Teams, Slack
Zoom Video Communications Inc (ZM.O) said on Monday it has renamed its chat product and added some features, including third party integration, as it looks to compete with rivals including…
Wells Fargo to pay over $13 million penalty to resolve 401(k) review
Wells Fargo & Co (WFC.N) said on Monday it would pay a penalty of $13.2 million as part of a settlement with the U.S Department of Labor to resolve the…
J&J reaches $205 million settlement in Australian pelvic mesh class action
Johnson & Johnson (J&J) (JNJ.N) has reached a A$300 million ($204.90 million) settlement in two Australian class action suits filed by Shine Lawyers for selling defective pelvic mesh implants to…
Electrolux flags cost cuts, warns on profit as inflation squeezes demand
Sweden's Electrolux (ELUXb.ST) on Monday announced plans to cut costs and warned its profit would drop as high inflation and low consumer confidence squeezed demand for its home appliances, while…
Light Street Capital reaffirms decision to vote against Zendesk go-private deal
Zendesk Inc (ZEN.N) investor Light Street Capital Management on Monday reaffirmed its decision to vote against the software firm's $10.2-billion go-private deal with investment firms Hellman & Friedman and Permira.…