Category: Corporations

Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private

Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Just How Common Is Corporate Fraud?

A new study estimates that on average 10 percent of public companies commit securities fraud each year.
Investors Look to Corporate Reports With Low Expectations

As companies prepare to publish their latest financial results, Wall Street forecasters expect profits to fall for the first time since the early days of the pandemic.
French Food Giant Danone Sued Over Plastic Use Under Landmark Law

Environmental groups are relying on a law in France requiring large companies to address their environmental footprint.
BlackRock’s Pitch for Socially Conscious Investing Antagonizes All Sides

Right-wing officials are attacking BlackRock for overstepping. Those on the left say the world’s biggest asset manager is not doing enough.
Lina Khan, Aiming to Block Microsoft’s Activision Deal, Faces a Challenge

Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
Two Women Sue Apple Over AirTag Stalking

One woman found an AirTag tracking device in the wheel well of her car and a second woman found an AirTag in her child’s backpack, the lawsuit said.
Slack CEO Stewart Butterfield to Step Down in January

Stewart Butterfield, the chief executive of Slack, which is owned by Salesforce, is the latest to announce an exit from Salesforce in recent weeks.
Slack CEO Stewart Butterfield to Leave Salesforce in January

Stewart Butterfield, the chief executive of Slack, which is owned by Salesforce, is the latest to announce an exit from Salesforce in recent weeks.
Elon Musk Heads to Court to Defend His Billions in Tesla Pay

A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.
Walmart Agrees to Pay $3.1 Billion to Settle Opioid Lawsuits Nationwide

The money would help pay for addiction treatment and drug education programs in communities across the United States.
Frustrations Grow Over Company’s Response to Breathing Device Recalls

Lawsuits claim the company, Philips Respironics, knew of problems with its CPAP and other machines long before notifying customers of potential health risks.