A lawsuit pitted the former chairman’s widow and daughters against the son he adopted, challenging the patriarchal traditions of a $10 billion conglomerate.
Category: Corporations
JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
Corporate America Has Dodged the Damage of High Rates. For Now.
Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.
Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger
With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.
Women Could Fill Truck Driver Jobs. Companies Won’t Let Them.
Three women filed a discrimination complaint against a trucking company over its same-sex training policy, which they say prevented them from being hired.
FTC Sues Amazon, Accusing Company of Illegal Online Retail Monopoly
The Federal Trade Commission and 17 states sued Amazon, saying its conduct in its online store and services to merchants illegally stifled competition.
‘Unprecedented’ Secrecy in Google Trial as Tech Giants Push to Limit Disclosures
Efforts to seal testimony have increasingly raised questions as the federal antitrust case enters its third week in court.
In Its First Monopoly Trial of Modern Internet Era, U.S. Sets Sights on Google
The 10-week trial, set to begin Tuesday, amps up efforts to rein in Big Tech by targeting the core search business that turned Google into a $1.7 trillion behemoth.