Business

(Reuters) – China’s Alibaba said on Friday it had agreed to pay $433.5 million to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant. Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation. The proposed settlement …

Boeing Workers Hate Their 401(k)s. They Have a Point. Source link

Getty Images US stocks fell, ending a six-week win streak for S&P 500 and the Dow. Rising bond yields and resilient economic data contributed to the market’s pause. Investors will focus on upcoming tech earnings, with AI monetization trends in the spotlight. US stocks traded mostly lower on Friday, capping …

This isn’t the way either Tapestry Inc. or Capri Holdings expected their $8.5 billion engagement to end. But now that the breakup has come — after a preliminary and all-but-final injunction from a Manhattan federal judge — experts said Tapestry is able to move on, keep building on its successful …

Alibaba Agrees to $433.5 Million Settlement in Shareholder Lawsuit Source link

ATLANTA (AP) — Delta Air Lines sued CrowdStrike on Friday, claiming the cybersecurity company had cut corners and caused a worldwide technology outage that led to thousands of canceled flight in July. The airline is asking for compensation and punitive damages from the outage, which started with a faulty update …

By Blake Brittain (Reuters) -Apple convinced a federal jury on Friday that early versions of health monitoring tech company Masimo’s smartwatches infringe two of its design patents as part of a broader intellectual property dispute between the companies. The jury, in Delaware, agreed with Apple that previous iterations of Masimo’s …

Ian Ross Pettigrew/Getty, Tyler Le/BI US stocks will drop 5% in the coming weeks, BTIG’s Jonathan Krinsky said. The swings being seen in the dollar and bond market have historically preceded stock sell-offs, he said. Krinsky also sees the market as set up for a “sell the news” event related …

The cooling towers of a nuclear power plantWlad74/Getty Images Tech giants like Amazon and Microsoft are striking nuclear power deals for their AI data centers. The nuclear power resurgence is driven by clean energy demand and AI’s soaring power needs. These nuclear-focused stocks have soared this year amid an ongoing …

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