Purdue Pharma settles opioid case for $8B
Purdue Pharma has pleaded guilty to charges of marketing and distributing OxyContin and will pay more than $8 billion to settle with the Department of Justice. Sara Randazzo reported the news for the Wall...
Tagged: Company coverage
Why Tesla dropping its PR department is bad news for biz journalism
Hamilton Nolan writes for the Columbia Journalism Review about Tesla Motors decision to drop its public relations department and what it means for journalists. Nolan writes, “THIS MONTH we learned that Tesla, a $400 billion public company...
The Information seeks an Apple reporter
Apple’s evolution into one of the most valuable companies in the world was one of the biggest stories in tech of the past 20 years. How it changes as it grapples with a slowdown...
Talking Biz News Today — Oct 20, 2020
Some of Tuesday’s top business news stories: Associated Press Deadline looms, but COVID relief deal may be far off, by Andrew Taylor UK, EU inch toward more Brexit talks but hurdles remain, by Jill...
Starbucks ties executive remuneration to diversity targets
Starbucks will tie executive pay to diversity targets that aim for a 30% share of diverse employees in its workforce on all levels. CNBC’s Amelia Lucas reported: Starbucks said Wednesday it is starting a...
AMC warns it is running out of cash
America’s largest movie theater chain AMC has warned shareholders it could run out of cash by the start of 2021. Sarah Whitten reported the news for CNBC: AMC, the largest cinema chain in the...
Johnson & Johnson pauses COVID-19 vaccine trial
Johnson & Johnson has paused a trial for a COVID-19 vaccine after a participant developed an “unexplained illness.” Lydia Ramsay Pflanzer reported for the Business Insider: Johnson & Johnson said Monday that it had...
IBM will spin off services business and focus on cloud
IBM will spin off its IT infrastructure management business, which accounts for a quarter of its sales, to focus on cloud computing. Asa Fitch and Dave Sebastian reported the news for the Wall Street...
JP Morgan makes $30-billion commitment to fight racial inequality
JP Morgan has committed $30 billion to tackle racial inequality through loans, investments, and direct funding. CNN’s Jazmin Goodwin reported: JPMorgan Chase (JPM) is committing $30 billion over the next five years to promote...
Regal Cinemas temporarily shuts down in U.S.
Regal Cinemas is temporarily closing down all of its U.S. locations while its parent considers UK closures as well. R.T. Watson reported the news for the Wall Street Journal: The second-largest cinema chain in...
