Category: Corporations

Norfolk Southern Settles Derailment Suit for $600 Million

The railroad company will pay residents and businesses in East Palestine, Ohio, and the surrounding area after a derailment last year.
Tesla Settles Lawsuit Over a Fatal Crash Involving Autopilot

A Tesla driver’s family had sought damages for the 2018 crash, which happened while the carmaker’s driver-assistance software was in use.
How Tech Giants Cut Corners to Harvest Data for A.I.

OpenAI, Google and Meta ignored corporate policies, altered their own rules and discussed skirting copyright law as they sought online information to train their newest artificial intelligence systems.
A Looming Question for Paramount’s Board: How to Navigate Shari Redstone

The board of directors has to walk a fine line, looking out for investors without running afoul of Ms. Redstone, the company’s most influential shareholder.
A.L.S. Drug Relyvrio Will Be Taken Off the Market, Its Maker Says

Results of a large clinical trial found the treatment did not work any better than a placebo.
The Trustbuster Who Has Apple and Google in His Sights

Jonathan Kanter, the head of the Justice Department’s antitrust division, made his boldest move on Thursday by accusing Apple of antitrust violations.
Walmart Wants to Teach Store Managers Compassion

The retailer brings about 2,000 managers a year to its headquarters to discuss how to relate to workers and customers, part of a U.S. corporate trend.
Volkswagen and BASF Are Reconsidering Ties to Xinjiang, China

Volkswagen and BASF, two German giants, are reassessing their activities in the region, where the Chinese government has cracked down on Muslim minorities.
Elon Musk’s $50 Billion Tesla Pay Was Struck Down. What Happens Next?

The company’s board of directors will now decide whether to appeal the decision, change where Tesla is incorporated or negotiate a new pay package.
A Pre-I.P.O. Gift to Company Executives: ‘11th-Hour Options Discounting’

A new research paper finds that companies price stock options at steep discounts just before going public and take steps to obscure them.
Hottest Job in Corporate America? The Executive in Charge of A.I.

Many feared that artificial intelligence would kill jobs. But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology.
Is Cryptocurrency Like Stocks and Bonds? Courts Move Closer to an Answer.

Federal judges are weighing whether digital currencies should be subject to the same rules as stocks and bonds. The outcome could shape crypto’s future in the U.S.