FTC Releases Study of Big-Tech Mergers
The report found that 616 deals of more than $1 million flew "under the radar" of antitrust reporting requirements between 2010 and 2019.
Ex-Controller Testifies in Trial of Theranos CEO
So Han Spivey said Theranos provided investors with revenue projections that did not match the reality of its finances.
App Annie Fined $10 Million for Misusing Data
The SEC says the mobile data and analytics firm used confidential information from app developers to induce trading firms to become subscribers.
Facebook Unveils $100M Trade Finance Program
The social media giant will buy invoices from small businesses owned by women and minorities, sparing them the usual wait to be paid by customers.
Regulator Hits Wells Fargo With $250M Fine
The OCC says deficiencies in a Wells Fargo loan modification program constituted “reckless unsafe or unsound practices."
Biden Mandates Vaccines for Large Companies
“We’re going to reduce the spread of COVID-19 by increasing the share of the workforce that is vaccinated in businesses all across America.”
Mastercard to Buy CipherTrace in Crypto Bet
CipherTrace's blockchain analytics tools will be combined with Mastercard's cybersecurity solutions to help businesses identify crypto risks.
Coinbase Clashing With SEC Over Lending Platform
“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
Workday Buys Zimit to Add Price Quote Solution
“Bringing Zimit into the Workday community is a natural fit and aligns with our mutual goal to automate complex finance processes.”
JetBlue Veteran Hurley Named Permanent CFO
"We’re committed to rebuilding margins, maintaining our focus on costs, and repairing our balance sheet to help us continue to thrive.”
Workers Feeling More Hopeful About Jobs
The NY Fed says the proportion of individuals who reported searching for a job in the past four weeks increased to 24.0% from 19.6% in July 2020.