After weeks of embarrassing disclosures, the Wall Street giant reached a tentative settlement with the convicted sex offender’s victims.
Category: Antitrust Laws and Competition Issues
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PGA Tour-LIV Golf Deal Bolsters Saudi Arabia’s Global Ambitions
An agreement to merge LIV Golf with the PGA Tour is the latest step in the kingdom’s push to become a global force beyond oil.
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The PGA Tour and LIV Golf Merger, Explained
The announced deal to dramatically change golf is far from complete.
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Hundreds Were Mistakenly Told They Might Have Cancer, Test Company Says
Grail, which makes a blood test for cancer, said a vendor’s software issue caused inaccurate letters to be sent to about 400 customers last month.
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JetBlue-American Partnership Struck Down by Federal Judge
An alliance begun in 2021 at four airports in the New York area and Boston allowed the airlines to sell tickets on each other’s flights and share revenue.
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Unions Accuse UPMC of Wielding Market Power Against Workers
A coalition of unions has filed an antitrust complaint with the Justice Department, accusing the Pennsylvania hospital system of suppressing wages and worsening working conditions.
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Corporate Bankruptcies Are Set to Reach a Decade-Long High
New data shows that 2023 is shaping up to be the biggest year for Chapter 11 filings in more than a decade.
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Phil Mickelson Interviewed in Antitrust Inquiry Into Pro Golf
The Justice Department met with PGA Tour lawyers this week, but a timeline for the completion of its review is unclear.
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The C.E.O. of OpenAI Heads to Congress to Discuss Rules for A.I.
Sam Altman, who leads ChatGPT’s parent company, is expected to call for some regulation of artificial intelligence as Washington weighs its next steps.
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Joe Kapp’s Lawsuit Paved the Way for N.F.L. Free Agency
The Vikings and Patriots quarterback successfully challenged pro football’s standard contracts in the 1970s, setting a legal precedent that the players’ union used to win later court battles.