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Categories Business

Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

Author December 17, 2024

Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our

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Categories Business

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

Author December 17, 2024

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to

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Categories Business

Former Ozy Media head sentenced to nearly 10 years in prison

Author December 17, 2024

The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving

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Categories Business

From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

Author December 16, 2024

A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of

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Categories Business

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

Author December 16, 2024

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work

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Categories Business

Kroger and Albertsons are spending billions to reward shareholders after their blocked merger

Author December 15, 2024

Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with

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Categories Business

Top liquor distributor favored Costco and Kroger over small businesses, FTC says

Author December 13, 2024

The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large

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Categories Business

Star real estate agents Alexander brothers arrested in Miami after sex assault claims

Author December 12, 2024

Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The

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Categories Business

Albertsons sues Kroger after judge rules against grocery merger

Author December 11, 2024

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract

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Categories Business

Macy’s confirms rogue employee hid $151 million in expenses over three years

Author December 11, 2024

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In

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