Business bankruptcies surged 58% in 2023
The U.S. saw a significant 58% spike in business bankruptcies in 2023 with health care hardest hit, according to the latest Restructuring Insights report released by Debtwire.
Samsung chief Jay Y. Lee found not guilty in 2015 merger case
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a court in South Korea in a case about a 2015 merger.
Mark Cuban links immigration to DEI in latest round of X clash with Elon Musk
Billionaires Mark Cuban and Elon Musk are in a running debate over the merits of corporate DEI, and Cuban tied Musk's support for legal immigration to what he sees as DEI's benefits.
Judge dismisses Disney's lawsuit alleging retaliation by DeSantis
A federal judge in Florida dismissed Disney's lawsuit against Florida Gov. Ron DeSantis which alleged the governor and a state board unfairly retaliated against the company.
EBay to pay $59M to settle US charges over illegal pill presses
The Justice Department said criminals can use pill presses and encapsulating machines to illegally manufacture counterfeit pills, including fentanyl-laced pills.
Elon Musk’s $56 billion pay package voided by judge
A Delaware judge ruled in favor of Tesla investors who contested CEO Elon Musk's pay package as not having been approved with the full knowledge of minority shareholders.
Colorado pastor admits taking $1.3M in crypto scheme that targeted Christian community
A Denver pastor admits to accusation made against him and his wife in a civil fraud lawsuit filed to seek relief for investors of an alleged cryptocurrency fraud scheme,
Exxon Mobil sues ESG investors to keep climate proposals off shareholder ballot
Exxon Mobil is suing to block a group of activist shareholders from bringing up a climate proposal covering emissions by users' of Exxon's products for a vote at a shareholder meeting.
Apple Watches go on sale without blood oxygen sensor amid patent dispute
Apple has resumed selling its Series 9 and Ultra 2 Apple Watches without blood oxygen sensors enabled amid its ongoing patent infringement dispute with medical technology firm Masimo.
Alaska Airlines, Boeing sued by passengers on plane when door flew off midflight
Four passengers aboard a Boeing 737 Max plane that had a plug door blow off during an Alaska Airlines flight are suing the manufacturer and the airline for compensation.
Court reinstates import ban on certain Apple Watches amid patent dispute
Apple Watches that were redesigned amid the tech giant's patent infringement dispute can bypass an import ban because they lack pulse oximetry technology, Masimo said in a court filing.
Judge blocks $3.8B JetBlue-Spirit merger, cites 'anticompetitive harm'
A federal district court on Tuesday blocked JetBlue Airways' proposed $3.8 billion acquisition of budget carrier Spirit Airlines after the judge found the merger would hurt competition.
Billionaire Bill Ackman says he is suing Business Insider for defamation
Bill Ackman says he and his wife, Neri Oxman, are suing Business Insider after the outlet published two stories claiming Oxman committed plagiarism in her doctoral dissertation.
Grubhub settles Massachusetts' lawsuit over pandemic-era fees for $3.5 mln
Grubhub has agreed to pay more than $3.5 million to resolve a lawsuit by Massachusetts accusing the company of illegally charging restaurants excessive fees during the COVID-19 pandemic.
Alaska Airlines passengers sue Boeing for 'waking nightmare'
A door plug on an Alaska Airlines Boeing 737 Max 9 plane detached just minutes after Flight 1282 took off from Portland, Oregon, en route to Ontario, California.
AI is being used to catch more child predators
The National Center for Missing & Exploited Children uses artificial intelligence to cut down on the time it takes to identify and eventually prosecute child predators.
Epstein dressed victims in Victoria's Secret bikinis, nightwear
Court documents released Monday include testimony that Jeffrey Epstein provided women and girls with Victoria's Secret bikinis when they were brought to his private island.
Trevor Jacob speaks out ahead of prison sentence for viral airplane stunt, shares lessons learned
YouTuber Trevor Jacob is speaking out before starting his six month sentence in federal prison for actions tied to his viral plane crash stunt two years ago.
Epstein's real estate empire home to illicit activities
Properties once owned by Jeffrey Epstein have received renewed attention as some have come up in documents related to the deceased financier that were unsealed this week.
Verizon's $100M lawsuit settled. How to get a cut
Certain current and former Verizon users could get a cut of a settled class action lawsuit filed against the company over administrative charges if they take action before mid-April.



















