Ex-Goldman Analyst Barred for Insider Trading
FINRA says Brian Maguire traded shares in two companies after learning that a colleague was upgrading his recommendation on the firms.
House OKs Bill to Make Weed Banking Legal
The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.
Business Inventories Increase 0.5% in February
February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.
Uber to Switch to ‘Hybrid’ Work Model in September
The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
Sunburst Hack Costs SolarWinds At Least $18M
The company expects to incur "significant legal and other professional services expenses" associated with the hack of its software in future quarters.
Tipalti Buys Approve.com to Boost AP Automation
Tipalti said the deal would enable it to offer automation of the entire accounts payable cycle from procurement through to payment.
U.S. Budget Gap Jumps to $660B in March
Spending on coronavirus relief has "sent the federal debt soaring to levels not seen since the end of World War II as a proportion of the economy."
Microsoft Buys Nuance in $16B Health Care Cloud Bet
The acquisition of the provider of digital tools for health care processes advances Microsoft's industry-specific cloud strategy.
Raytheon Names Neil Mitchill as New CFO
Mitchill, a former United Technologies executive, replaced Toby O'Brien, who stepped down after six years as finance chief.
Florida Sues to Lift Ban on U.S. Cruise Sailings
“We don’t believe the federal government has the right to mothball a major industry for over a year, based on very little evidence and very little data."
U.S. Adds Chinese Tech Firms to Export Blacklist
The Commerce Department says the companies were building supercomputers used by China for "destabilizing military modernization efforts."