updated - October 23, 2018 Tuesday EDT
The Federal Trade Commission (FTC) has said in a press release that LifeLock, Inc. will settle the contempt charges that the FTC has filed against them alleging that they violated the terms of a 2010 federal court order. The company agreed to pay $100 million to settle the charges.
Lee Enterprises, Inc., a leading digital and print provider of local news, information and advertising in 50 markets, has announced in a press release changes in its leadership. Mary E. Junck, the current chairman, president and CEO of Lee Enterprises, will step down as president and CEO and become the executive chairman of the company. Replacing Junck as the new president and CEO of the company is Kevin D. Mowbray, the current executive vice president and COO.
The Gillette Company, a wholly-owned subsidiary of the Proctor & Gamble Company (P&G), has filed a lawsuit against the Dollar Shave Club, a marketer and retailer of shaving products, according to a press release issued by the Gillette. The lawsuit, which was filed in the District of Delaware, cites the unauthorized use of patented technology that is intended to protect Gillette’s significant investment in razor technology.
Parker Hannifin Corporation, the global leader in motion and control technologies, has announced in a press release published GlobeNewswire that Donald E. Washkewicz will be retiring as chairman of the board of directors, effective December 31, 2015. Washkewicz, who began his career as an engineer in 1972 in the Hose Products Division, has dedicatedly serve Parker Hannifin for 43 years.
Attorney General of Washington State Bob Ferguson has announced in a press release that they are suing iYogi, one of the biggest independent tech support providers in the world, and its president, Vishal Dhar.
Shaw Communications Inc. has announced in a press release that it will be acquiring a 100 percent interest in Mid-Bowline Group Corp. and its subsidiary, WIND Mobile Corp., for approximately $1.16 billion.
Trader Joe’s has announced in a press release, published by the U.S. Food and Drug Administration, that they are voluntarily recalling the company’s Triple Ginger Brew. The recall is due to reports of unopened bottles potentially bursting.
Barclays PLC has announced in a press release that it will be selling Barclays Risk Analytics and Index Solutions Ltd. (BRAIS) to Bloomberg L.P. for approximately £520 million, or approximately $779 million.
The Walt Disney Company has announced in a press release that Ynon Kreiz, the president and head of Maker Studios, will be leaving the company. The company is promoting Courtney Holt, the current chief strategy officer, to executive vice president and head of Maker Studios, effective immediately.
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