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4 Mar 2021, 9:30 am by Kristian Soltes
Recent steps by Walmart Inc., the world’s largest retailer, to create a fintech division has sent shivers across Wall Street. [read post]
22 Feb 2021, 11:20 am by Tia Sewell
During his confirmation hearing today, Biden’s attorney general nominee Judge Merrick Garland fielded questions from senators concerning a variety of national issues, writes the Wall Street Journal. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
The outlets joining Google News Showcase will be News Corp-owned Wall Street Journal, Barron’s, MarketWatch and the New York Post in the United States; British-based The Times and The Sunday Times, and The Sun as well as a number of Australian media outlets including The Australian. [read post]
12 Jan 2021, 2:19 pm by Kevin LaCroix
”[6]  The trial bar’s reliance on the tort liability system to attempt to solve societal issues may not deter corporate fraud sufficiently to curb the frequency of securities class action litigation in the immediate term – but, it does burden corporations with even more costly litigation. [read post]
12 Jan 2021, 11:20 am by Tia Sewell
President Trump has continued to deny any wrongdoing in inciting the Jan. 6 attack on the Capitol, writes the Wall Street Journal. [read post]
4 Jan 2021, 1:26 pm by Kevin LaCroix
  Regardless of how they are counted, the coronavirus-related securities lawsuits tended to fall into one of three categories: first, the lawsuit filed against companies that experienced coronavirus outbreaks within company facilities (such as cruise ship lines and private prison systems); second, companies that had sought to tout their ability to profit from the coronavirus outbreak (such as vaccine developers, diagnostic testing services,  manufacturers of personal protective… [read post]
24 Dec 2020, 7:21 am by Kristian Soltes
Global Stablecoins Could Eventually Become Reserve Currencies: IMF PaperCoindesk – December 17, 2020 Titled “Reserve Currencies in an Evolving International Monetary System,” the departmental paper looks at shifts in the global monetary system and factors that might influence the U.S. dollar’s role as the dominant reserve currency, including new payments systems and digital currency. [read post]
23 Dec 2020, 6:01 am by Eleanor Runde, Abby Lemert
  The Wall Street Journal has reported that Ma offered partial public ownership of Ant to Chinese regulators when they met with him on Nov. 2. [read post]
21 Dec 2020, 12:21 pm by Matt Gluck
The European Medicines Agency, the drug agency for the EU, decided that the vaccine developed by Pfizer Inc. and BioNTech is safe and effective, writes the Wall Street Journal. [read post]
17 Dec 2020, 8:04 am by Kristian Soltes
As Digital Payments Heat up, Fiserv Agrees to Acquire Card-Control Technology Provider OndotDigital Transactions News– December 16, 2020 Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. [read post]
15 Dec 2020, 12:09 pm by Anna Salvatore
  The Food and Drug Administration (FDA) determined today that Moderna’s coronavirus vaccine is “highly effective,” according to the Wall Street Journal, paving the way for an emergency authorization later in the week. [read post]
10 Dec 2020, 8:30 pm by Jim Sedor
Between 2014 and 2019, the center received at least $33 million in donations from firms in the financial sector, private foundations primarily funded by wealth earned on Wall Street. [read post]
12 Nov 2020, 7:24 am by Kristian Soltes
Such accusations are similar to the monopolization claims the DOJ is pursuing against Alphabet Inc. [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Justice Department Files Antitrust Lawsuit Challenging Visa’s Planned Acquisition of Plaid Wall Street Journal – November 5, 2020 (subscription required) The Justice Department filed an antitrust lawsuit Thursday that seeks to block Visa Inc. [read post]