Tag: Corporate news
New Mexico sues US over proposed nuclear waste storage plans
ALBUQUERQUE, N.M. — New Mexico sued the U.S. Nuclear Regulatory Commission on Monday over concerns that the federal agency hasn’t done enough to vet...
Ex-CEO ordered to respond to McDonald’s information requests
DOVER, Del. — A Delaware judge has rejected a request by former McDonald’s Corp. CEO Stephen Easterbrook to limit initial information sharing in a...
EXPLAINER: What’s a SPAC, the latest craze on Wall Street?
CHARLOTTE, N.C. — WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO.
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ThredUp’s shares pop on stock market debut
NEW YORK — Shares of ThredUp rose 30% in their stock market debut Friday, reflecting investor enthusiasm for the online marketplace for second-hand fashion...
Sao Paulo governor seeks tests of 1st Brazilian COVID-19 jab
SAO PAULO — The governor of Sao Paulo said on Friday he will seek federal approval for phase 1 and 2 trials of Brazil’s...
VW to seek damages from former executives for diesel scandal
BERLIN — Volkswagen is seeking damages from two former top executives for their role in the diesel emissions scandal that cost the German automaker...
Free breadsticks and reasons for hope at Olive Garden
The company that runs the Olive Garden chain is raising pay for its workers and handing out one-time bonuses, a sign of optimism from...
Fed says restrictions on bank dividends and buybacks to end
WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...
Caesars puts pandemic losses at $2B, wants insurers to pay
LAS VEGAS — Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion,...
German firm plea, $50M payment settles US drug purity probe
LAS VEGAS — An international pharmaceutical company pleaded guilty as planned Tuesday in a U.S. court after agreeing to pay $50 million for destroying...