updated - October 21, 2021 Thursday EDT
JPMorgan Chase & Co. has agreed to pay $150 million to settle investors’ claims, according to a report from Bloomberg. The company will be paying for claims that it hid from investors as much as $6.2 billion in losses caused by a trader dubbed the “London Whale.”
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Alibaba Group Holding Limited has announced in a press release that it is appointing Matthew Bassiur as vice president and head of Global Intellectual Property Enforcement, effective January 2016.
Icahn Enterprises has raised its bid for Pep Boys: Manny, Moe & Jack, a full-service and tire automotive aftermarket chain, to $16.50 a share, or about $919 million, according to a report from The Wall Street Journal.
U.S. Steel Corporation has announced in a press release that it will be postponing the construction of the Electric Arc Furnace at its Fairfield Works in Birmingham, Alabama.
The U.S. Department of Justice (DOJ) has announced in a press release that Southwest Airlines Co. has agreed to pay a $2.8 million civil penalty to settle a lawsuit against the airline.
NetApp, Inc. has announced in a press release that they will be acquiring SolidFire Inc., a market leader in all-flash storage systems built for the next-generation data center, for $870 million in cash.
Crown Resorts Limited has announced in a press release that James Packer has resigned as a director of the company, effective immediately. Packer’s resignation has intensified speculations that he is closer to bidding for the company.
The Bank of Nova Scotia (Scotiabank) has announced in a press release that it may consider strategic options for its 49 percent stake in Thanachart Bank Public Company Limited.
BioMarin Pharmaceuticals Inc. has announced in a press release that the U.S. Food and Drug Administration (FDA) will be delaying its decision on the company’s new drug application.
General Electric Co. has postponed its decision regarding whether it would move its headquarters out of Fairfield, Connecticut, or not, according to a report from the Hartford Courant.
Citigroup Inc.is planning to cut at least 2,000 jobs beginning next month, a substantial portion of which will be in middle of back-office positions, a person briefed on the plans told Bloomberg.
Pandora's new royalty rates represent a 15 percent increase over the company's 2015 effective per-performance payment system.
China National Chemical Corp. (ChemChina) has improved its offer to acquire Syngenta AG and mark the biggest acquisition by a Chinese company, people with knowledge of the matter told Bloomberg.
Century Aluminum Company has said in a press release that Century Aluminum of South Carolina, Inc., its wholly-owned subsidiary, has reached an agreement in principle with Santee Cooper.
The United Steelworkers (USW) has announced in a press release that the union’s bargaining committee has reached a tentative agreement on a new contract with U.S. Steel Corporation that will cover 18,000 workers at more than a dozen facilities.
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