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Business

U.S. Justice Dept. short-selling probe looks at trading in Amazon, Microsoft, JPMorgan

By fluxzonenet September 27, 2022September 21, 2022

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…

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Business

Zoom renames chat product, adds features in push to compete with Teams, Slack

By fluxzonenet September 26, 2022September 21, 2022

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…

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Business

Wells Fargo to pay over $13 million penalty to resolve 401(k) review

By fluxzonenet September 25, 2022September 21, 2022

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…

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Business

J&J reaches $205 million settlement in Australian pelvic mesh class action

By fluxzonenet September 24, 2022September 21, 2022

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…

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Business

Electrolux flags cost cuts, warns on profit as inflation squeezes demand

By fluxzonenet September 23, 2022September 21, 2022

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…

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Business

Light Street Capital reaffirms decision to vote against Zendesk go-private deal

By fluxzonenet September 21, 2022

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.…

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Recent Posts

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  • U.S. Justice Dept. short-selling probe looks at trading in Amazon, Microsoft, JPMorgan
  • Intel overclocks its Arc A750 to 2.7 GHz using the factory air cooler
  • Heartbreak for boy, 7, who spent his holiday undergoing brain surgery worried he’ll miss school

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