(Reuters) – From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few years. T[...]
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January 5, 2023
U.S. plans to seek ‘higher penalties’ for airlines violating consumer protections
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) said it planned to seek higher penalties for airlines and others that broke consumer protection rules, sayin[...]
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Ruling in Thacker Pass lithium mine case expected within months
By Ernest Scheyder (Reuters) -A U.S. judge said on Thursday she will rule “in the next couple of months” on whether former President Donald Trump erred in 2021 when he approved Lithium Ame[...]
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Geely’s EV brand Zeekr aims to double sales in 2023, expand in Europe
By Joseph White LAS VEGAS (Reuters) – Chinese electric vehicle brand Zeekr aims to double sales in 2023 to about 140,000 vehicles and plans to expand sales in Europe, Chief Executive Andy An tol[...]
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Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
By Hannah Lang (Reuters) – The crypto industry’s woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices a[...]
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Stellantis CEO delivers a technology statement with a Ram truck
By Joseph White LAS VEGAS (Reuters) – Stellantis NV on Thursday unveiled a prototype of an electric Ram pickup at the CES technology show, part of the effort by Chief Executive Carlos Tavares to[...]
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Moderna signs $35 million deal with cancer drug developer CytomX
(Reuters) – Moderna Inc on Thursday announced a $35 million licensing deal with cancer-focused drug developer CytomX Therapeutics to work on messenger RNA-based therapies for a wide range of dis[...]
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U.S. judge accepts Danske Bank guilty plea in $2 billion pact to end Estonia probe
NEW YORK (Reuters) – A U.S. judge on Thursday accepted Danske Bank’s guilty plea to a bank fraud conspiracy charge and agreement to pay more than $2 billion to end probes into anti-money l[...]
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U.S. authorities probe FTX engineer Singh -Bloomberg News
(Reuters) – U.S. authorities are investigating the chief engineer of bankrupt crypto exchange FTX, Nishad Singh, ratcheting up pressure on founder Sam Bankman-Fried’s inner circle, Bloombe[...]
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