A securities filing by Activision Blizzard shows that the company is cooperating with federal investigations into trading by friends of its CEO shortly before its disclosure of its sale to Microsoft Corp. In an amended proxy filing with the SEC, Activision… Read More ›
On Monday, a U.S. federal court in Texas has summoned lawyers for ZTE Corp for a hearing whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. The company is on probation in… Read More ›
In a significant development, the U.S. Justice Department has charged Chinese telecommunications company Hytera of stealing mobile radio technology of an American company. The DOJ has charged Hytera of conspiring to steal US intellectual property of Motorola Solutions Inc. In a partially… Read More ›
In a statement budget carriers Frontier Group Holdings and Spirit Airlines Inc announced their merger in a bid to create the fifth-largest U.S. airline in a deal worth $2.9 billion. With the news of the proposal to create a new carrier… Read More ›
The European Commission is taking a closer look into Microsoft Corp’s $16 billion acquisition of transcription technology company Nuance Communications Inc and has asked customers and competitors to draw up a list of concerns. The outreach is the most extensive scrutiny by… Read More ›
In a statement Binance said, it had appointed former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer, in an effort to reinvent itself as a regulated financial firm from being one of the world’s largest… Read More ›
In a significant development, the U.S. Senate has passed a bill that aims to increase the fees that companies would have to pay government antitrust agencies in case of large mergers. As a result, these government agencies will also have… Read More ›
The Joe Biden Administration has defended a proposal by ConocoPhillips for developing oil fields in Alaska, backing the drilling project which was approved under the Trump Administration. “A Wednesday filing by the U.S. Department of Justice continues to defend a… Read More ›
The U.S. Department of Justice has begun an investigation on the collapse of Bill Hwang’s Archegos Capital Management, which cost large global banks more than $10 billion in losses. To this end, federal prosecutors in Manhattan have sent requests for… Read More ›
According to sources familiar with the matter at hand, the U.S. Justice Department has approved Uber Technologies Inc’s acquisition of Postmates, a food delivery company. Earlier in July, Uber had announced that it would acquire Postmates for $2.65 billion in… Read More ›
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