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Wednesday, April 5
by
ABC News
Johnson & Johnson to pay $8.9 billion to settle claims baby powder, other talc products caused cancer
(NEW YORK) -- Johnson & Johnson announced Tuesday that the company has agreed to pay $8.9 billion over 25 years to settle "all current and future" claims that the company's baby powder and other cosmetic talc products allegedly caused cancer.The company announced in the ...
Wednesday, April 5
by
ABC News
Bob Lee, Cash App founder and former Square executive, dead at age 43
(SAN FRANCISCO) -- Bob Lee, Cash App founder and current executive at cryptocurrency firm MobileCoin, has died, the company told ABC News. He was 43 years old.A longtime tech executive, Lee was the first chief technology officer at Square, a digital payment company founded ...
Wednesday, April 5
by
ABC News
Startup CEO charged in $175 million fraud case
(NEW YORK) -- A tech start-up CEO once considered a preeminent American entrepreneur has been arrested and charged with fraud for allegedly lying to J.P. Morgan Chase, the Department of Justice said Tuesday.Charlie Javice, previously featured as a Forbes magazine "30 Under 30" honoree, ...
Tuesday, April 4
by
ABC News
Lab-grown chicken meat is getting closer to restaurant menus and store shelves
(EMERYVILLE, Calif.) -- A scientific quest to feed the world, protect animals and simultaneously cut down on greenhouse gas emissions is on the cusp of a major milestone in the U.S., advocates say.In the last five months, the U.S. Food and Drug Administration has ...
Tuesday, April 4
by
ABC News
Jamie Dimon, CEO of largest US bank, optimistic about economy despite recession fears: ‘Positives are huge’
(NEW YORK) -- A crippled banking system, stubbornly high inflation, recession fears -- the growing set of threats has tipped the U.S. into precarious economic territory but the leader of the nation's largest bank is nonetheless optimistic about the financial outlook.Resilient consumer spending and ...
Monday, April 3
by
ABC News
WWE, UFC-parent company Endeavor merge to form $21B global fighting behemoth
(NEW YORK) -- Endeavor, the parent company of UFC, acquired World Wrestling Entertainment on Monday in a merger that values the WWE at $9.3 billion, forming a worldwide combat sports behemoth, the companies said in a joint announcement.Ari Emanuel, the CEO of Endeavor, will ...
Monday, April 3
by
ABC News
The Laundress recalls more laundry products over carcinogen concern
(NEW YORK) -- The Laundress is recalling hundreds of thousands of laundry products four months after issuing a separate recall of millions of laundry detergent and cleaning products.On Friday, the company announced it was issuing a voluntary recall of about 800,000 of its fabric ...
Monday, April 3
by
ABC News
How will OPEC+ oil cut impact US gas prices? Experts weigh in
(NEW YORK) -- A group of oil-producing nations imposed a significant cut in oil output with far-reaching consequences for U.S. gas prices, industry analysts told ABC News.The alliance of countries known as OPEC+, led by Saudi Arabia and Russia, agreed on Sunday to cut ...
Saturday, April 1
by
ABC News
Amazon union faces division, delay a year after historic victory
(NEW YORK) -- Encircled by camera-wielding supporters and journalists, Chris Smalls popped a bottle of champagne one year ago today to celebrate a watershed election that established the first-ever U.S. union at Amazon -- but the celebratory times for the union wouldn't last.Smalls, a ...
Saturday, April 1
by
ABC News
Twitter begins phasing out legacy ‘blue check marks’ in latest platform change
(NEW YORK) -- Starting April 1, Twitter users who don’t subscribe to Twitter Blue are going to have to say goodbye to their blue check marks.Recent changes implemented under Elon Musk, the company’s CEO, mean anyone who subscribes to Twitter Blue gets a blue ...
Friday, March 31
by
ABC News
Approximately 53,000 hoverboards recalled over fire risks after two deaths
(WASHINGTON) -- After two deaths, approximately 53,000 hoverboards are being recalled due to fire risks, the U.S. Consumer Product Safety Commission (CPSC) said Thursday.The voluntary recall impacts certain Jetson Rogue self-balancing scooters -- also known as hoverboards -- which were sold at Target and ...
Thursday, March 30
by
ABC News
Disgraced crypto exec Sam Bankman-Fried faces new bribery charge, pleads not guilty
(NEW YORK) -- Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment unsealed Tuesday in the Southern District of New York.The new charge brings ...
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