Elon Musk Seeks to Abandon $44 Billion Twitter Deal
Twitter “is in material breach of multiple provisions of that agreement” and appears to have made “false and misleading representations”...
Corporate Crime/Legal Action
Justice Department Fails for Third Time to Convict Chicken Executives in Price-Fixing Trial
Federal prosecutors failed for a third time to convict five chicken-company officials of allegedly conspiring to fix prices, dealing a...
Theranos Former President Ramesh ‘Sunny’ Balwani Found Guilty on All 12 Fraud Counts
SAN JOSE, Calif.—A federal jury convicted Ramesh “ Sunny” Balwani, the former top lieutenant to Theranos Inc. founder Elizabeth Holmes,...
FDA Suspends Ban on Juul While Vaping Company Appeals
The Food and Drug Administration said it would suspend its ban on Juul Labs Inc.’s products while the e-cigarette maker...
Walmart, Target Show Divergence on Companies’ Abortion Coverage
Employees of Target Corp. have access to health-insurance plans that broadly cover abortion. Walmart health plans don’t cover an abortion...
FTC Accuses Walmart of Letting Scammers Use Its Money-Transfer Services
The Federal Trade Commission sued Walmart on Tuesday, alleging the retailer allowed its money-transfer services to facilitate fraud.The complaint, filed...
CVS, Walmart and Rite Aid Limit Purchases of Plan B Pills After Surge in Demand
Some of the nation’s biggest retailers are rationing over-the-counter emergency contraceptive pills as demand spikes following the Supreme Court ruling...
WSJ News Exclusive | Facebook Parent Meta Pulls Out of Sponsorship Deal for U.S. 250th Anniversary Project
WASHINGTON— Facebook parent Meta Platforms Inc. said Wednesday it has canceled its sponsorship agreement with the organization planning the federal...
Lawyers Make Final Arguments in Fraud Case Against Former Theranos President
Government prosecutors in the criminal-fraud trial of Theranos Inc.’s former second-in-command, Ramesh “Sunny” Balwani, made their final pitch to the...
Supreme Court Declines to Hear Bayer Appeal on Roundup
The Supreme Court on Tuesday declined to hear a bid by Bayer AG to end thousands of lawsuits alleging its...
Massachusetts Court Blocks Gig-Worker Ballot Measure
The top court in Massachusetts blocked a ballot measure Tuesday that would have asked voters to classify gig workers as...
Google Settles Gender Discrimination Lawsuit for $118 Million
Google agreed to pay $118 million to settle a lawsuit claiming the tech giant had discriminated against women in pay...
WSJ News Exclusive | Business Losses From Russia Top $59 Billion as Sanctions Hit
Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to...
Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil
Glencore GLNCY 2.01% PLC said Tuesday it would pay at least $1.2 billion and two business units would plead guilty...
Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm
Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned by billionaire Prince al-Waleed bin Talal, further intertwining...
Prosecution Rests in Trial of Former Theranos President Ramesh ‘Sunny’ Balwani
Prosecutors on Friday rested their case against Ramesh “Sunny” Balwani—the top deputy and confidant to Theranos Inc. founder Elizabeth Holmes...
Elon Musk’s Pursuit of Twitter Leads to Complicated Next Steps and Legal Questions
In the classic hostile takeover, an aggressive acquirer pursues a reluctant quarry.But Elon Musk’s bid for Twitter Inc. appears headed...
Hot Job Market, Strong Demand for CFOs Strain Due Diligence
The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters...
Moderna Seeks to Dismiss Covid-19 Vaccine Patent Lawsuit
Moderna Inc. is trying to fend off rival companies’ claims that its Covid-19 vaccine infringes their patents, arguing that the...
Judge Dismisses Trump Suit Against Twitter Over Censorship Claims
A federal judge has tossed a lawsuit filed last year by former President Donald Trump against Twitter and its then-chief...
