Britch tech magnate Mike Lynch acquitted of fraud in $11 billion deal with Hewlett Packard
British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard.
Little relief: Mortgage rates ease, pulling the average rate on a 30-year home loan to just below 7%
The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market.
Suzanne Collins is releasing a new 'Hunger Games' novel, 'Sunrise on the Reaping,' next year
Inspired by an 18th century Scottish philosopher and the modern scourge of misinformation, Suzanne Collins is returning to the ravaged, post-apocalyptic land of Panem for a new “The Hunger Games” novel.
India's Modi is known for charging hard. After lackluster election, he may have to adapt his style
Since coming to power a decade ago, Prime Minister Narendra Modi has been known for big, bold and often snap decisions that he’s found easy to execute thanks to the brute majority he enjoyed in India’s lower house of parliament.
Online marketplace eBay to drop American Express, citing fees, and says customers have other options
Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.
Disney could open 5th theme park, 2 water parks after vote with DeSantis appointees
Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight with each other, the two sides are set to approve an agreement that could result in the company investing $17 billion into its Florida resort, It will also open the door for a fifth major theme park.
Former prosecutor settles lawsuit against Netflix over Central Park Five series
Former Manhattan prosecutor Linda Fairstein and Netflix have announced they’ve settled the defamation lawsuit she filed four years ago over her portrayal in the streaming service’s miniseries about the five Black and Latino teenagers known as the now-exonerated Central Park Five.
Treasury official says budget assistance designed to help Ukraine anti-corruption efforts
Just back from a visit to Ukraine, a U.S. Treasury official is describing a country whose wartime economy has proven resilient in the face of Russia’s invasion, and he says U.S. and allied budget assistance is designed to help Ukraine combat corruption and increase transparency.
Former OpenAI employees lead push to protect whistleblowers flagging artificial intelligence risks
A group of OpenAI’s current and former workers are calling on the ChatGPT-maker and other artificial intelligence companies to protect whistleblowing employees who flag safety risks about AI technology.
In cities across the US, Black and Latino neighborhoods have less access to pharmacies
An Associated Press analysis of licensing data from 44 states, data from the National Council for Prescription Drug Programs and the American Community Survey shows residents of neighborhoods that are majority Black and Latino have fewer pharmacies per capita than people who live in mostly white neighborhoods.
A grant program for Black women business owners is discriminatory, appeals court rules
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is the discriminatory.
GameStop leaps in premarket as Roaring Kitty may hold large position
Shares of GameStop are soaring before the market open on Monday following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets.
From decay to dazzling. Ford restores grandeur to former eyesore Detroit train station
The once-blighted monolithic Michigan Central train station — for decades a symbol of Detroit’s decline — has new life following a massive six-year, multimillion-dollar renovation to create a hub for mobility projects in the rebirth of the Motor City.