JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
Category: Corporations
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Panera Bread’s Charged Lemonade Linked to Second Death in Lawsuit
A man in Florida died after drinking three servings of the highly caffeinated drink at a Panera location in Florida, his family said in a wrongful-death lawsuit.
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How a Legal Fight Over a $15,000 Tax Bill Could Upend the U.S. Tax Code
The Supreme Court ruling in the Moore case could cost the federal government billions of dollars in lost tax revenue.
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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
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Rite Aid Is Closing 154 Stores
The pharmacy chain, once the largest in the United States, detailed a batch of store closures in a bankruptcy court filing.
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The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger
With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.
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Women Could Fill Truck Driver Jobs. Companies Won’t Let Them.
Three women filed a discrimination complaint against a trucking company over its same-sex training policy, which they say prevented them from being hired.
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China Evergrande Suspends Trading as New Trouble Roils Property Market
The real estate firm halted critical work to settle its debts and investors dumped their stock amid news executives were under suspicion by the authorities.
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U.S. Accuses Amazon of Illegally Protecting Monopoly in Online Retail
The Federal Trade Commission and 17 states filed a lawsuit against Amazon for “illegal conduct” in its online store and services to merchants, which stifled competition.