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business news

S&P Settles Claims for Over 1 Billion Dollars

Summary: S&P has settled claims stemming from the financial crisis with the Justice Department, many of the individual states, and other…

Uber Battle Spreads to Philadelphia

Summary: Dozens of Philadelphia cab companies have filed suit against Uber, alleging unfair competition and false advertising. The legal trouble…

Sony Faces Constitutional Challenges after Hacking Incident

Summary: Courts may rule in favor of news media outlets if Sony argues that its private information, stolen by hackers,…

Uber Allowed to Operate in France Though Bans Continue Worldwide

Summary: Although banned in several areas and facing criminal complaints in others, Uber will be allowed to operate in France.…

Uber Driver Arrested in India for Alleged Rape of Passenger

Summary: A New Delhi woman has accused an Uber driver of rape, reigniting frustrations for many citizens who feel that…

Apple Fined 20 Million for Patent Infringement

Summary: Apple has been fined $20 million for infringing upon patents from the 1990s. The Guardian reports that Apple was fined…

Halliburton to Acquire Baker Hughes for 34.6 Billion

Summary: Halliburton and Baker Hughes have closed a deal that will merge the two companies to create the oil service…

Top 10 Lowest Paying Companies in America

Summary: A new list of the top 10 lowest paying companies in America has been released and it features some of…

Kmart Will Stay Open 42 Hours Straight for Black Friday Shoppers

Summary: Kmart has announced it will open at 6:00 a.m. on Thanksgiving Day to allow Black Friday shoppers additional time…

Major Banks Reporting High Legal Expenses

Summary: As government agencies continue to review evidence against banks for any wrongdoing committed during the financial crisis, these banks…

Apple CEO is Proud to be Gay

Summary: Tim Scott, for the first time, publicly acknowledges that he is a gay man in a piece published in Business…

Silicon Valley Company Paid Employees Less than 2 Dollars an Hour

Summary: Electronics for Imaging was fined by the U.S. Department of Labor and forced to pay back pay to employees it…