A federal jury in Illinois ordered $17.7 million in damages — an quantity tripled to greater than $53 million below federal regulation — to a number of meals manufacturing firms who had sued main egg producers over a conspiracy to limit the egg supply in the U.S. The jury dominated final week that the egg producers…
Brick toy firm Lego has been round for over 90 years—and the founder’s descendants nonetheless personal giant chunks of the multi-billion-dollar enterprise. Now, one of many firm’s heirs has bought shares in Lego’s household agency, referred to as Kirkbi A/S, price roughly 6.32 billion kroner or $930 million, Bloomberg reported Thursday. The founder’s great-granddaughter Sofie…
© Reuters. SINGAPORE – OCBC Financial institution has initiated authorized proceedings in opposition to Cambodian nationwide Su Baolin, in search of the restoration of no less than $19.7 million in unpaid housing loans and bank card money owed, in addition to the repossession of his sea-facing Sentosa Cove villa. The authorized motion, which was first…
Dishonest on a check can now value you tens of millions of {dollars}—at the very least, in the event you’re a U.S.-regulated accounting agency. The Public Firm Accounting Oversight Board (PCAOB), a U.S. regulator, slapped $7.9 million in fines on three China-based corporations and 4 people, accusing them of violating U.S. securities legal guidelines and…
© Reuters. The9 Restricted, a Shanghai-based web firm listed on NASDAQ, has efficiently accomplished a personal placement transaction, elevating $12 million from Singapore’s Bripheno Pte. Ltd. This inflow of capital is meant to help the corporate’s enlargement of high-tech web providers, with a selected deal with blockchain and cryptocurrency mining sectors. The settlement with Bripheno,…
The DuPont Co. and two spin-off corporations pays $110 million to the state of Ohio to settle a lawsuit over environmental threats from poisonous chemical compounds used at a former DuPont facility in neighboring West Virginia, the businesses stated Wednesday. The settlement involving DuPont, the Chemours Co. and Corteva Inc. resolves Ohio’s claims referring to…
© Reuters. Yaskawa Electrical robots are pictured at a commerce present in Tokyo, Japan, November 29, 2023. REUTERS/Sam Nussey By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Japanese robotic maker Yaskawa Electrical is contemplating investing round $200 million in america, its president mentioned, with a watch to creating its industrial robots there for the…
© Reuters. FILE PHOTO: An individual walks by a Verizon retailer in Manhattan, New York Metropolis, U.S., November 22, 2021. REUTERS/Andrew Kelly/File Picture WASHINGTON (Reuters) – Verizon-subsidiary TracFone Wi-fi agreed to pay $23.5 million to resolve a Federal Communications Fee investigation into allegations it violated guidelines for 2 authorities packages, the company stated Wednesday. Following…
Alphabet’s Google struck a take care of Canadian Prime Minister Justin Trudeau’s authorities over a contentious regulation requiring it to pay for information. Google agreed to contribute C$100 million ($74 million) in monetary assist yearly, listed to inflation, for a variety of stories companies in Canada, Heritage Minister Pascale St-Onge mentioned in an announcement Wednesday….
In a parched fundraising panorama, the staff behind Wormhole, the messaging protocol that lets builders talk throughout completely different blockchains, has secured a mammoth elevate. On Wednesday, the undertaking introduced that it had drummed up $225 million at a $2.5 billion valuation, which makes it the most important funding spherical for a crypto undertaking in…
FEBE Ventures’ identify stands for “for entrepreneurs by entrepreneurs,” and true to kind, it’s persevering with to assist seed-stage startups with the launch of its second fund. Concentrating on $75 million, Fund II is 2.5 instances bigger than FEBE’s first fund and 90% has already been dedicated. As a part of the launch, FEBE Ventures…
As Greenpeace activists continued to occupy a deep sea mining research ship within the Pacific Ocean, the mining firm liable for the expedition requested a Dutch courtroom Tuesday to finish the protest that it mentioned was costing it $1 million a day. The analysis expedition is being performed by a subsidiary of The Metals Firm (TMC), a Canadian-registered…
The nameless creators of an unlicensed crypto change in Hong Kong allegedly absconded with $19 million, leaving platform customers within the lurch and the digital assets-friendly metropolis coping with its second main crypto scandal in precisely two months. Some 145 folks had been affected by a hack of the Hounax exchange as of Tuesday, in…
Sandy Hook households who received almost $1.5 billion in authorized judgments in opposition to conspiracy theorist Alex Jones for calling the 2012 Connecticut college taking pictures a hoax have provided to settle that debt for under pennies on the greenback — at the very least $85 million over 10 years. The supply was made in Jones’ private…
© Reuters. FILE PHOTO: A automotive is displayed on a rooftop as British sports activities automotive maker Lotus unveils its new absolutely electrical “Emeya” Hyper-GT in New York Metropolis, U.S., Sept. 7, 2023. REUTERS/Caitlin Ochs/File Picture SINGAPORE (Reuters) – Lotus Expertise, the luxurious electrical automobile arm of sports activities automotive model Lotus, stated on Tuesday…
