Walmart said Tuesday it would raise the average hourly wage of its associates to more than $17.50 an hour — up from about $17 an hour. In a note to employees published on Walmart’s website, John…
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Business
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Tesla CEO Elon Musk told a San Francisco jury Monday that he was merely considering taking Tesla private when he tweeted in 2018 that he had ‘secured’ funding to do so — and that the funding…
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Business
Theranos founder Elizabeth Holmes still had a one-way ticket to Mexico after she was convicted of fraud
Elizabeth Holmes, the founder of disgraced biotech firm Theranos, was still in possession of a one-way ticket to Mexico shortly after she was convicted of fraud last January, prosecutors said Thursday. Holmes was found guilty…
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It came off as a rare moment of candor for the airline industry on Wednesday, when United Airlines CEO Scott Kirby told analysts and reporters that after a year of constant disruptions, including canceled and…
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The Federal Trade Commission on Friday asked that notorious “pharma bro” Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge’s ban on the convicted fraudster from working in the pharmaceuticals…
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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,…
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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…
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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…
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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…
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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…