Uber Faces Amended Lawsuit from FTC, Several U.S. States Alleging Deceptive Billing, Cancellation Practices
The complaint, originally filed by the FTC in April, alleges issues concerning the company’s Uber One subscription service and includes a request for civil penalties.
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Ben & Jerry’s Plans to Set Board-Term Limit, Removing Three Directors
The Vermont brand plans to implement a new guideline for board directors that caps their term to nine years, as part of a package of changes that would act as controls for its social mission.
The company plans to sell its Luminar Semiconductors subsidiary to Quantum Computing for $110 million.
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Xerox Seeks New Debt Financing Backed by Intellectual Property
The printer supplier is aiming to raise a $500 million loan secured against its intellectual property, according to sources.
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The Holidays Came Early This Year, at Least for Advertisers
Brands are chasing inflation-weary shoppers with plentiful TV spots that launched long before Halloween.
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JPMorgan Steps Further Into Crypto With Tokenized Money Fund
The new private fund will run on the Ethereum blockchain and be available to qualified investors.
The world’s largest zinc smelter aims to produce key metals and minerals, under a joint venture in Clarksville, Tenn.
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NY Attorney General Sues UPS for Allegedly Underpaying Seasonal Workers
Letitia James will ask the court to order UPS to pay restitution to current and former seasonal workers, alleging that the practices deprived workers of millions of dollars.
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Roomba Maker Declares Bankruptcy, but Tries to Ease ‘Bricking’ Fears
iRobot says that customer service and app functionality won’t be disrupted despite the restructuring.
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SpaceX Starts a Wall Street Bake-Off to Hire Banks for Possible IPO
The rocket-and-satellite maker will interview bankers this week to advise it on its initial public offering.
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Sanofi Shares Fall After Multiple Sclerosis Drug Gets Hit by Double Setback
A U.S. regulatory decision on tolebrutinib will again be delayed while a late-stage trial of the drug for a different form of the disease didn’t hit its main goal.
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Juventus Shares Climb After Agnelli Holding Company Rejects Bid From Tether
Juventus Football Club shares climbed after cryptocurrency giant Tether offered to buy the club from Italy’s Agnelli family, which rejected the bid.
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Danske Bank Completes U.S. Justice Department Probation Period
Chief Executive Carsten Egeriis said formal processes in relation to the non-resident portfolio at Danske Bank’s former Estonia branch have been finalized.
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China Vanke Shares Fall After Bondholders Reject Debt Extension Proposal
The property developer said it will hold a bondholder meeting on Thursday to discuss next steps.
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Transportation Stocks Are Hitting Their Stride. That’s a Good Sign for Investors.
Uncertainty over the labor market and tariffs will put the Dow Theory to the test in 2026.
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Tonka Trucks Gambled on Keeping Production in China and Survived-Barely
Disrupted shipments shrank profits as the company that sells the toys to U.S. retailers awaited the outcome of trade talks.
