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Investing

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that…
Investing

Former Ozy Media head sentenced to nearly 10 years in prison

The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving…
Investing

From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of…
Investing

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work…
Investing

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to…
Investing

Kroger and Albertsons are spending billions to reward shareholders after their blocked merger

Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with…
Investing

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work…
Investing

Top liquor distributor favored Costco and Kroger over small businesses, FTC says

The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large…
Investing

Star real estate agents Alexander brothers arrested in Miami after sex assault claims

Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade….
Investing

How the New York Mets can justify paying one player $765 million

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”…
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