When Kim Talbot first launched her milling shop in southern Maine, she hoped to win a coveted contract with the federal government to manufacture steel and aluminum machine parts. With no idea where to start,…
Category:
Business
-
-
Business
Theranos’ Elizabeth Holmes bought a one-way ticket to Mexico after she was convicted of fraud
Elizabeth Holmes, the founder of disgraced biotech firm Theranos, bought a one-way ticket to Mexico shortly after she was convicted of fraud last January, a court filing submitted Thursday alleges. Holmes was found guilty on…
-
Business
Thinx to pay up to $5M to settle claims its period underwear contained potentially harmful chemicals
If you bought a period underwear product made by Thinx, you may now be entitled to a refund thanks to a class-action lawsuit settlement announced in November. Plaintiffs in the suit accused Thinx of using…
-
Business
Elon Musk takes the witness stand in court trial over his failed attempt to take Tesla private
Elon Musk testified in court on Friday in a trial that may decide whether a tweet he sent in 2018 cost Tesla investors millions of dollars. Tesla shareholders are suing the company to recoup losses…
-
Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company’s broader cost-cutting efforts. Through the program, called AmazonSmile, the e-retailer donates a percentage of eligible purchases on the site…
-
Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report Thursday. Co-CEO Ted Sarandos will remain in his position. Greg Peters, most recently…
-
Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and…
-
Microsoft said Wednesday it would cut 10,000 jobs worldwide amid a slowing global economy. In a blog post, Microsoft CEO Satya Nadella said the company was seeking to align its cost structure with projected revenues…
-
Party City filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending. Troubled retailers often seek bankruptcy…
-
Business
‘Millions of dollars were lost’: Lawyers spar over whether Elon Musk misled investors with his tweets
Opening arguments kicked off Wednesday in a trial that is pitting Tesla against shareholders accusing the company of misleading them over a tweet by Elon Musk stating funding had been ‘secured’ to take the electric…