This settles only the class-action lawsuit brought on by shareholders accusing the company of understating the severity of the 2010 oil spill in the Gulf of Mexico. Other legal actions related to securities concerning the oil spill is still on…. Read More ›
The U.S. SEC is investigating Alibaba’s sales data of its annual Single’s Day event. Softbank has since reduced its exposure but has maintained its dominant profile in Alibaba. With Softbank selling some of its shares, Singaporean wealth funds have now… Read More ›
It will now have to pay up millions of dollars to investors who opposed the merger, including Carl Icahn. In a ruling that could have a significant impact on Dell, a Delaware judge has ruled that Silver Lake Partners and… Read More ›
Despite no evidence of E. coli in its plants or kitchens, General Mills has recalled its flours out of abundant precautions. Citing an outbreak of E. coli that has already sickened 38 people in the U.S., General Mills has issued… Read More ›
India has decided to take the fight to the mighty while governments around the world are shocked how little taxes multinationals pay. From Wednesday, the Indian government would collect 6 cents out of every dollar that Indian merchants pay to advertise their… Read More ›
An investigative committee set up by the Bangladesh government has come to the conclusion that it cannot rule out the possibility of an insider leaking out the bank’s internal working to hackers. According to the head of the panel that… Read More ›
It has been only months since key U.S. lawmakers had pledged to seek a law that would require technology companies to give law enforcement agencies a “back door” to encrypted communications in electronic devices, much of the support seems to… Read More ›
Although Cainiao’s business is capitally intensive and appears to be controlled by Alibaba it is unclear how much of this capital will be spent by Alibaba as opposed to its delivery partners. U.S regulators have started probing into the accounting… Read More ›
In the wake of rising defaults, NYDFS wants to ensure whether these fintech companies have done their due diligence and are in compliance with the state’s various statutes. LendingClub has also mentioned that it is in talks with the SEC…. Read More ›
As per a study done by BitSight, a security ratings company, Brazilian companies fare “significantly poorer” in cyber security among companies across major economies. This is a wake-up call before the country becomes a hacker’s nest. According to a study… Read More ›
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