A severe semiconductor shortage has resulted in record wire fraud cases last year reported by desperate buyers, a company that tracks counterfeit and fraud in the chip industry said on…
Category: Business
U.S. FTC sues Walmart for allegedly allowing money transfer services for fraud
The U.S. Federal Trade Commission said Tuesday it sued Walmart Inc (WMT.N), alleging the company had done too little to prevent scam artists from using its money transfer services for…
Judge narrows San Diego, Baltimore bond collusion cases against big banks
A federal judge on Tuesday narrowed claims by San Diego and Baltimore in antitrust litigation seeking to hold eight banks liable for driving up interest rates that state and local…
Cryptoverse: Ether holds its breath for the lean, mean ‘merge’
Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That's the name for a major upgrade of the Ethereum blockchain network upon which…
Hershey, Nestle, Cargill win dismissal in U.S. of child slavery lawsuit
A federal judge in Washington, D.C. on Tuesday dismissed a lawsuit by eight citizens of Mali who sought to hold Hershey Co (HSY.N), Nestle SA (NESN.S), Cargill Inc and others…
Australia’s Star Entertainment hires Tyro head as CEO, shares rise
Australia's Star Entertainment (SGR.AX) appointed Tyro Payments (TYR.AX) head Robert Cooke as its chief executive on Wednesday, saying his experience in the financial services industry would help steer it through…
Union talks at West Coast ports going well, U.S. labor secretary says
Talks to reach a new contract with union workers at West Coast shipping ports before the existing deal expires this week are going well with no major sticking points, U.S.…