States sue Google for monopoly practices
38 states have accused Google of abusing its market position to boost even further the domination of its search engine. Reuters’ Diane Bartz and Paresh Dave reported: Google faced its third major lawsuit in two months on Thursday as 38 U.S. states and territories accused the $1 trillion company of abusing its market power to […]
Talking Biz News Today — Dec. 17, 2020
Some of Thursday’s top business news stories: Associated Press Bitcoin surges past $20,000, erasing 3 years of deep losses, by Ken Sweet Robinhood accused of downplaying the risks of trading, by Alex Veiga, Stan Choe CNN Bill Gates, Amazon and British Airways are backing a hydrogen plane startup, by Hanna Ziady Facebook feuds with Apple […]
Regulators accuse Robinhood of manipulating rookie traders
Massachusetts regulators have accused trading app Robinhood of purposefully targeting and manipulating inexperienced traders. Alex Veiga and Stan Choe from the AP reported: Regulators in Massachusetts claim Robinhood Financial targets and manipulates inexperienced investors and has failed to prevent costly outages on its popular stock trading platform. In an administrative complaint filed Wednesday by Secretary […]
Talking Biz News Today — Dec 16, 2020
Some of Wednesday’s top business news stories: Associated Press Florida might shut down bay known nationally for its oysters, by Brendan Farrington Honda recalls 1.4M US vehicles for software, other problems CNN Europe threatens to break up Big Tech if it doesn’t play by new rules, by Julia Horowitz Exxon is in crisis. Angry shareholders […]
Pinterest agrees to $22-million gender discrimination settlement
Pinterest has agreed to pay $22.5 million to settle a gender discrimination lawsuit with former COO. The BBC reported: Social media firm Pinterest has agreed to pay $22.5m (£16.9m) to settle claims of gender discrimination brought by its former chief operating officer. The settlement with Francoise Brougher is the largest payout of its kind to […]
Talking Biz News Today — Dec. 15, 2020
Some of Tuesday’s top business news stories: Associated Press Agency homing in on social media companies’ data collection, by Marcy Gordon US, states crack down on scams bilking desperate Americans, by Marcy Gordon CNN Pinterest settles gender discrimination lawsuit with former exec for $22.5 million, by Rishi Ilyengar Mastercard, Visa and Discover cut ties with […]
AstraZeneca to buy Alexion Pharmaceuticals
AstraZeneca will buy Alexion Pharmaceuticals for $39 billion to expand into rare disease treatments. The Wall Street Journal’s Jenny Strasburg and Joseph Walker reported: AstraZeneca AZN 0.71% PLC said it agreed to buy Boston-based Alexion Pharmaceuticals Inc. ALXN 1.78% for $39 billion in cash and stock, a move that would bolster the British drug giant’s […]
Talking Biz News Today — Dec. 14, 2020
Some of Monday’s top business news stories: Associated Press US agencies hacked in monthslong global cyberspying campaign, by Eric Tucker, Frank Bajak, Matt O’Brien Loss of ‘snowbirds’ amid pandemic another hit to US tourism, by Terry Tang, Terry Spencer CNN Pfizer and Moderna could score $32 billion in Covid-19 vaccine sales — in 2021 alone, […]
Talking Biz News Today — Dec. 11, 2020
Some of Friday’s top business news stories: Associated Press Airbnb shares more than double in price in long-awaited IPO, by Dee-Ann Durbin EU leaders agree to reduce emissions after all-night talks, by Samuel Petrequin CNN Disney+ announcements are an ‘earth-shaking’ development in the streaming wars, by Brian Stelter ECB unleashes $600 billion in new stimulus […]
FDA panel clears way for Pfizer vaccine
An FDA advisory panel has endorsed the Pfizer Covid-19 vaccine, clearing the way for final approval by the authority. Thomas M. Burton and Jared S. Hopkins from the Wall Street Journal reported: A Food and Drug Administration advisory panel recommended approval of the Covid-19 vaccine developed by Pfizer Inc. and BioNTech SE, clearing the way […]
