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McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

December 16, 2024

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work

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Categories Business

Top liquor distributor favored Costco and Kroger over small businesses, FTC says

December 14, 2024

The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large

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Categories Business

Star real estate agents Alexander brothers arrested in Miami after sex assault claims

December 13, 2024

Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The

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Categories Business

How the New York Mets can justify paying one player $765 million

December 12, 2024

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”

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Categories Business

How the Olympics helped transform Salt Lake City into a tech hub

December 12, 2024

Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy

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Categories Business

Judge blocks Albertsons-Kroger $25 billion supermarket merger

December 12, 2024

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling

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Categories Business

Albertsons sues Kroger after judge rules against grocery merger

December 12, 2024

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract

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Categories Business

Macy’s confirms rogue employee hid $151 million in expenses over three years

December 12, 2024

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In

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Categories Business

Tokyo government to introduce four-day workweek for its employees

December 11, 2024

The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low

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Categories Business

OpenAI releases Sora, its buzzy AI video-generation tool

December 11, 2024

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s

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