Category: Corporations

Walmart Agrees to Pay $3.1 Billion to Settle Opioid Lawsuits Nationwide

The New York Times – Business:
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

The New York Times – Business:
Lawsuits claim the company, Philips Respironics, knew of problems with its CPAP and other machines long before notifying customers of potential health risks.
Supreme Court Debates Pennsylvania Law Opening Courts to Suits Against Companies

The New York Times – Business:
A novel Pennsylvania law requires corporations that do business in the state to consent to being sued there, even if the suits have nothing to do with the state.
Why Does Twitter Verify Some Accounts?

The New York Times – Business:
Elon Musk, who recently closed a deal to acquire the social media company, could soon charge a monthly fee for the blue verification badge that indicates a Twitter account is authentic.
Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.

The New York Times – Business:
Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.
Elon Musk Completes $44 Billion Deal to Own Twitter

The New York Times – Business:
The world’s richest man closed his blockbuster purchase of the social media service, thrusting Twitter into a new era.

Walmart Agrees to Pay $3.1 Billion to Settle Opioid Lawsuits Nationwide