Anthem to pay record $115 million to settle U.S. lawsuits over data breach Anthem Inc (ANTM.N), the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would be the largest settlement […]
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Eddie Bauer to explore options including sale Eddie Bauer to explore options including sale:- Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday. Eddie Bauer has […]
American Airlines pushes back on Qatar Airways plan to buy stake American Airlines’ chief executive said on Thursday he is not “particularly excited” about Qatar Airways’ interest in buying up to 10 percent of the U.S. carrier’s shares, in a letter to employees following the state-owned Gulf airline’s overture. The […]
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. […]
Asian shares flat, stay on track for a winning week Asian shares flat, stay on track for a winning week:- Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week’s 10-month lows. Financial spreadbetter CMC Markets sees European […]
Tesla is talking to the music labels about creating its own streaming service Put this one in the “You can do that, but why would you want to do that?” file: Tesla is talking to the music industry about creating its own streaming music service. Music industry sources say the […]
Wisconsin one of six U.S. states Foxconn, Sharp considering for plant Wisconsin one of six U.S. states Foxconn, Sharp considering for plant:- Foxconn (2317.TW), the world’s largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant and would make a decision next […]
Silicon Valley Investors Flexed Their Muscles in Uber Fight The conventional wisdom in the world of Silicon Valley start-ups has been that the founders call the shots and that the investors are cheerleaders — and sometimes enablers — of the entrepreneurs they backed. But on Tuesday, when investors pressured Travis […]
Mexico Supreme Court rules in spat related to telecom reform Mexico’s Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil (AMXL.MX) and rivals that touches on a bigger case related to an antitrust reform the company is fighting. Long-dominant America Movil, controlled […]
Asian central banks have cause to keep holding rates while the Fed hikes Asian central banks have not blinked since the Federal Reserve raised U.S. rates for the third time in six months last week. New Zealand, Taiwan and the Philippines are all expected to hold rates on Thursday. Indonesia […]
