Wirecard sues FT and its reporter over stories
German payments company Wirecard has sued the Financial Times over a series of investigative reports that it said made use of, and misrepresented, business secrets, according to a Reuters report. Douglas Busvine of Reuters reports, “Wirecard has filed a suit at the Munich regional court against both the FT and its reporter, Dan McCrum, seeking a […]
Coverage: New York sues the family behind OxyContin, distributors
New York is suing the billionaire family behind the company that created OxyContin, joining a growing list of state and local governments seeking to hold not only the firm but its owners accountable for the nation’s opioid crisis. Michael R. Sisak and Jennifer Peltz of the Associated Press had the news: The state, which averages nine opioid-related […]
Coverage: Centene is buying Wellcare for $15.3 billion
Health insurer Centene Corp. agreed to buy competitor WellCare Health Plans Inc. for around $15.3 billion, creating a giant in the business of managing government health programs. Anna Wilde Mathews and Allison Prang of The Wall Street Journal had the news: The move comes after the Trump administration recently renewed talk of striking down the Affordable Care Act. Centene is the […]
Coverage: Purdue Pharma reaches $270M opioid settlement
Purdue Pharma LP and its owners, the Sackler family, agreed to pay $270 million to resolve a lawsuit filed by Oklahoma’s attorney general, the majority of which will fund a national opioid addiction center, its first attempt at settling one of the lawsuits around its OxyContin drug. Sara Randazzo of The Wall Street Journal had the […]
Coverage: Apple unveils a slew of a new services
Apple CEO Tim Cook on Monday announced Apple TV+, a long-rumored ad-free, on-demand entertainment streaming service. Edward C. Baig of USA Today had the news: Apple TV+ will launch in the fall and be part of a revamped Apple TV app. In broad strokes, the new service would appear to pit Apple against the likes of Netflix, Amazon Prime and Hulu. […]
Coverage: Shaq joins the Papa John’s team
Papa John’s International Inc. added former basketball star Shaquille O’Neal to its board as the pizza chain works to repair its image following controversies tied to its founder and former chief executive. Jacob Bunge and Micah Maidenberg of The Wall Street Journal had the news: Mr. O’Neal will also participate in Papa John’s marketing efforts and has invested in nine […]
Coverage: Facebook passwords were improperly stored
Facebook Inc. for years stored hundreds of millions of user passwords in a format that was accessible to its employees, in yet another privacy snafu for the social-media giant. Jeff Horwitz and Robert McMillan of The Wall Street Journal had the news: The incident disclosed by the company Thursday involved a wide swath of its users, though Facebook said no passwords were […]
Coverage: Levi Strauss goes public again
Levi Strauss & Co. said it sold $623.3 million in shares in its initial public offering on Wednesday, as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. Joshua Franklin and Uday Sampath Kumar of Reuters had the news: With the stock market hovering near all-time highs, Levi priced […]
Coverage: FedEx drops its 2019 projections for a second time
FedEx Corp. on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc. and Deutsche Post DHL Group. Lisa Baertlein and Ankit Ajmera of Reuters had the news: The profit warning and […]
How a Seattle Times reporter broke the Boeing story
Joe Allsop of Columbia Journalism Review writes about Seattle Times aerospace reporter Dominic Gates and his dogged reporting of Boeing. Allsop writes, “In the days after the incident, Dominic Gates, an aerospace reporter at The Seattle Times, learned from a source that Boeing, which has a huge presence around Seattle, was preparing to warn airlines […]
