New SEC Enforcement Chief Alex Oh Resigns
Oh's resignation after only a few days on the job followed a judge's ruling in a case in which she represented ExxonMobil.
Thoma Bravo to Buy Proofpoint for $12.3B
The private equity giant is making its biggest bet on cloud software amid forecasts of rapid growth in the security-as-a-service market.
U.S. Factory Orders Climb 0.5% in March
"The response of capital spending to the COVID pandemic is encouraging for the outlook for 2021."
Equipment Finance Borrowings Jump 4% in March
“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it."
Apple, Google Take Flak Over App Platforms
A witness at a Senate hearing compared the companies' control over their platforms to the "behavior of the robber barons."
Boeing CFO Smith to Retire After 10 Years
The 30-year Boeing veteran helped guide the company through the twin crises of the 737 Max grounding and the coronavirus pandemic.
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.