Plaintiffs have successfully served Shaquille O’Neal after months of attempts by the law firm representing investors in a class-action lawsuit against the bankrupt FTX cryptocurrency exchange. According to attorney Adam Moskowitz’s office, O’Neal, 51, was served on Sunday afternoon outside ...

A company with a prominent student loan refinancing business is challenging the federal government in court to end its suspension of federal student loan payments, labeling it as “an illegal overreach of power.” SoFi filed the lawsuit in the U.S. ...

Alibaba will consider relinquishing control of some of its businesses if they decide to list as part of a restructuring into six semi-autonomous units, according to top executives. This move marks the Chinese tech group’s most significant overhaul in years. ...

Credit Suisse acknowledged a “material weakness” in its financial reporting on Tuesday and announced that it would forgo bonuses for its top executives following the bank’s worst annual performance since the global financial crisis. Chairman Axel Lehmann also proposed to ...

Tyson Foods has announced the closure of two chicken plants in May, which will impact nearly 1,700 employees. The company stated, “While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations ...

A man has initiated a class-action lawsuit against Buffalo Wild Wings, alleging that its “boneless wings” are actually made from chicken breast and are more similar to chicken nuggets than actual wings. The lawsuit, filed by Aimen Halim in the ...

On Sunday, President Joe Biden announced that, at his direction, U.S. Treasury Secretary Janet Yellen and his chief economic adviser Lael Brainard collaborated with financial regulators to ensure that households and businesses impacted by the failures of Silicon Valley Bank ...

Silicon Valley Bank’s collapse last week sparked significant concern among investors, revealing a broader issue within the banking sector: the growing disparity between the value that large banks assign to their bonds and their actual market worth. SVB’s failure was ...

CVS is set to acquire a primary care doctor’s network, further integrating physician services into its pharmacy operations. The company announced on Wednesday that it intends to pay $10.6 billion to purchase Oak Street Health, a primary care provider focused ...

Toyota has a new approach for making its cars more eco-friendly—without the need to develop new electric vehicles. According to the Associated Press, Toyota CEO Akio Toyoda announced the company’s plan to use a “conversion” strategy. This involves upgrading older ...