(Reuters) – Under Armour said on Friday it would settle a 2017 shareholder class action lawsuit that accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company’s financial health….
Category: Business
Walmart, Capital One settle lawsuit over credit card partnership
By Jonathan Stempel NEW YORK (Reuters) – Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer credit cards…
Castlelake to buy up to $1.2 billion in consumer loans from Upstart
(Reuters) – Private credit lender Castlelake will buy up to $1.2 billion in consumer installment loans from fintech firm Upstart to expand its foothold in the retail lending space, it said on…
Nvidia set to solidify position as world’s most valuable company
(Reuters) – Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether’s lead as the world’s most valuable company, after partners Dell and Super Micro Computer received…
PayPal hires Walmart exec as chief technology officer in AI push
By Hannah Lang (Reuters) – PayPal has hired one of Walmart’s top tech executives Srini Venkatesan to head up the company’s push into artificial intelligence as its new chief technology officer, the…
Former OpenAI chief scientist to start a new AI company
(Reuters) – ChatGPT maker OpenAI’s co-founder and former chief scientist Ilya Sutskever said on Wednesday that he was starting a new artificial intelligence company. The company is focused on creating a safe…
Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0
(Reuters) -The U.S. Securities and Exchange Commission has closed its investigation into the blockchain protocol Ethereum 2.0, cryptocurrency firm Consensys said in a post on social media platform X late on Tuesday….
Chile lithium projects garner interest from over 50 companies
By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) – More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday, after the…
Apple suspends work on next high-end headset, to focus on cheaper model, the Information reports
(Reuters) – Apple has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro. The…
Exclusive-Some Colonial Pipeline owners eye stake sales at $10 billion-plus company valuation, sources say
By David French (Reuters) – Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of…