Tag: corporate crime

Student loan servicer Navient illegally deceived borrowers, judge finds

Student loan servicer Navient NAVI, +2.06% illegally deceived borrowers, parents, grandparents and others who put their credit on the line when they co-signed their relatives’...

Tesla CEO Elon Musk calls Robinhood CEO ‘Vlad the Stock Impaler’ and grills him over the GameStop saga

“ ‘The people demand an answer, and they want to know the truth.’ ” That was Elon Musk, the chief executive officer of electric-car maker...

Lawsuit seeks to throw out California measure that protects ‘gig economy’ business model

Ride-hailing drivers and the Service Employees International Union filed a lawsuit against California on Tuesday that asks the state Supreme Court to invalidate Proposition 22...

Boeing to pay $2.5 billion to settle U.S. fraud charges over 737 Max

Boeing Co. has agreed to pay more than $2.5 billion in penalties, including nearly $1.8 billion in compensation for airlines, to resolve charges of misleading...

Trump’s Georgia call: Here’s the complete transcript

In a Saturday telephone call, President Donald Trump urged Georgia Secretary of State Brad Raffensperger to overturn President-elect Joe Biden’s victory in the state. Trump spent...

FireEye, Crowdstrike enjoy record days as SolarWinds hack leads to soaring security stocks

Security-software stocks soared Friday, as investors bet that the fallout from one of the most devastating hacks in U.S. history will lead to increased security...

Microsoft was breached in SolarWinds cyberattack, in what one exec calls ‘a moment of reckoning’

Microsoft Corp. was breached as part of the massive hack that used a backdoor in SolarWinds software, as part of what the tech giant’s president...

Luckin Coffee charged with fraud, to pay $180 million in settlement, SEC says

U.S. securities regulators on Wednesday charged Luckin Coffee Inc. with accounting fraud, alleging that the company, a major Starbucks Corp. competitor in China, fabricated sales...

States sue Google, adding to antitrust woes for search giant

The antitrust heat on Google is increasing. Texas Attorney General Ken Paxton said on Twitter that his office expected to file an antitrust lawsuit against...

Tesla plays smoke and mirrors with profits again

Tesla was buoyed by $397 million in regulatory credits in the third quarter. Getty Images Tesla Inc. Chief Executive Elon Musk called the electric-car maker’s...

Google investors: Unsure about what to do amid antitrust charges? Well, better get used to it

Google’s headquarters in Mountain View, Calif. Associated Press Alphabet Inc. investors have been through government investigations before and not suffered too much damage, but now...

Why are pension funds investing in hedge funds?

Why do they keep doing it? Why do pension fund trustees keep doing this, and falling for one of the oldest games in the business?...

Google to make changes after settlement of shareholder lawsuits over sexual-harassment scandals

Google parent Alphabet Inc. on Friday settled shareholder lawsuits stemming from the search giant’s handling of sexual-misconduct charges against former top executives, promising changes in...

Borrowers are still having their paychecks seized over defaulted student loans, even though the CARES Act was supposed to stop wage garnishment, lawsuit says

More than 2,800 borrowers are having their paychecks garnished over defaulted student loans, even though the CARES Act was supposed to pause student debt payments...

Uber, Lyft drivers in limbo as judge hears arguments in case brought by California

Uber and Lyft on Thursday defended against a lawsuit, brought by California and San Francisco, Los Angeles and San Diego, accusing the companies of not...

Twitter regains control after prominent accounts hijacked to tweet bitcoin scams

Twitter Inc. accounts belonging to top U.S. executives, lawmakers and celebrities were compromised Wednesday and appeared to be used in an attempt to siphon bitcoin...