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Category: Business

Business

FTX founder Sam Bankman-Fried found guilty in federal fraud and conspiracy trial

November 2, 2023 Veronica Civantos

A jury has found FTX founder Sam Bankman-Fried guilty on all charges in his federal fraud and conspiracy trial. The jury deliberated for a little over four hours before reaching

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Business

JPMorgan Chase to pay $75M on claims it enabled Jeffrey Epstein’s sex trafficking operations

September 26, 2023 Veronica Civantos

JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein. JPMorgan

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Business

CVS is laying off 5,000 workers

August 1, 2023 Dan Whigham

CVS is laying off about 5,000 employees in a cost-cutting effort, the pharmacy chain confirmed Tuesday. Reductions will occur in “non-customer facing positions,” primarily affecting its corporate staff, according to

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Business

UPS reaches contract with 340,000 unionized workers, averting potentially calamitous strike

July 25, 2023 Cynthia Loren

UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. The Teamsters

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Business

Bank of America must pay more than $250M for ‘doubling-dipping’ fees, opening fake accounts

July 11, 2023 Kara Lieh

Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts

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Business Politics Technology World

What We Could Learn From this Small Municipality in Mexico: A Lesson for New York

May 22, 2023May 22, 2023 Veronica Civantos

New York, NY – As we analyze the success story of Tabasco’s Municipality of Centro, led by Mayor Yolanda Osuna Huerta and renowned economist Fernando Calzada Falcón, there are valuable

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Business

FDIC accepts JPMorgan Chase Bank’s purchase of First Republic Bank

May 1, 2023 Veronica Civantos

Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil

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Business

Jetson Rogue hoverboards recalled due to fire risk; linked to 2 deaths

March 31, 2023 Kara Lieh

We have a recall alert for a popular hoverboard that was sold online and at Target stores. The Consumer Product Safety Commission (CPSC) says the 42-volt Jetson Rogue self-balancing hoverboard poses

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Business

Is Blockbuster on the verge of a comeback?

March 23, 2023 Dan Whigham

Could Blockbuster nights be on the horizon? Nostalgia was certainly in the air when the video rental company’s website was reactivated over the weekend. As if that wasn’t enough to

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Business Food and Travel

US sues to block JetBlue from buying Spirit Airlines

March 7, 2023 Cynthia Loren

The Biden administration sued on Tuesday to block JetBlue Airways’ $3.8 billion purchase of Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers. The

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