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Alibaba pays $600M in DOJ deal over illegal online marketplace sales

Chinese e-commerce giant Alibaba has agreed to pay $600 million and enter into a non-prosecution…

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Bank of America CEO Moynihan dismisses recession fears over rate hikes

While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of…

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Disney $50M class action settlement covers YouTube TV subscribers

Disney is set to pay out a $50 million settlement in a class action lawsuit…

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British American Tobacco plans to cut 9,000 jobs using AI to save costs

British American Tobacco is planning to cut about 20% of its workforce as it moves…

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Saks Global exits bankruptcy and rebrands as Exemplar Luxury Group

Luxury retailer Saks Global on Friday announced it will operate with a new name after…

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Polestar blocked from US sales under China-linked vehicle crackdown

Polestar said on Thursday that the Trump administration is forcing the electric vehicle maker to…

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Dell Technologies shareholders approve move from Delaware to Texas

Dell Technologies on Thursday announced that shareholders granted their approval to the company's plan to…

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Apple raises iPad and MacBook prices due to rising memory chip costs

Apple on Thursday announced that it raised prices on its iPad and MacBook devices because…

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Elon Musk loses trillionaire status as tech rout hammers Tesla, SpaceX

Elon Musk is no longer worth more than $1 trillion, less than two weeks after…

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Andrew Cuomo says blockchain can cut banking fees for working families

EXCLUSIVE — Former New York Gov. Andrew Cuomo is taking aim at both legacy financial…

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