(Reuters) – The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc’s patents, a move that could lead to blocking the import of some iPhones.
Former Trump campaign chairman Paul Manafort was jailed Friday after a federal judge revoked his house arrest over allegations of witness tampering in special counsel Robert Mueller’s investigation. The order by U.S. District Judge Amy Berman Jackson adds to the already intense pressure on President Donald Trump’s former top campaign aide in the special counsel’s probe of Russian interference in the 2016 election campaign and the possible coordination with Trump aides. Manafort, who is 69, now loses the relative freedom he enjoyed while preparing for two criminal trials, and he faces the possibility, if tried and convicted, of …read more […]
The charges against Holmes, 34, and Ramesh “Sunny” Balwani, 53, were announced shortly after the privately held company said that she was stepping down as its chief executive. Prosecutors said that Holmes and Balwani used advertising and solicitations to encourage doctors and patients to use its blood testing laboratory services despite knowing the company could not produce accurate and reliable results consistently. …read more […]
Theranos founder Elizabeth Holmes and former Theranos president Sunny Balwani have been charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. The charges stem from allegations that the two engaged in a scheme to defraud investors and a separate scheme to defraud doctors and patients while at the blood-testing company, the Department of Justice said Friday. …read more […]
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday.
The Department of Justice just charged Theranos founder Elizabeth Holmes and former Theranos president Sunny Balwani with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. During the rise and fall of Theranos, Balwani stayed mainly out of the spotlight. …read more […]
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.
Tesla Butterfly Update …read more […]
“We’re not going to be penny-wise and pound-foolish here,” Stephenson said in an interview on the financial news channel. The No. 2 U.S. wireless carrier closed its $85 billion acquisition of Time Warner on Thursday and now faces the task of integrating a media company into its operations as it seeks to rival Netflix Inc (NFLX.O), Amazon.com Inc (AMZN.O) and other technology companies providing entertainment directly to customers. Time Warner will be renamed WarnerMedia, according to a memo sent to employees by John Stankey, who will serve as CEO of WarnerMedia. …read more […]
NEW YORK (Reuters) – Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China.
Warren Buffett clearly knows his way around the stock market. There’s no reason to go over America’s favorite value investor’s history of great returns and generating gains for Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). The key for Buffett’s and Berk’s success comes down to buying companies with large economic moats that generate huge amounts of rising cash flows. …read more […]
OTTAWA (Reuters) – Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday.
(Reuters) – Blood testing company Theranos Inc said on Friday its founder, Elizabeth Holmes, would step down as chief executive officer, amid fraud charges leveled against the privately held firm.
(Reuters) – AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
Elizabeth Holmes, who founded blood-testing company Theranos Inc. only to watch it unravel amid revelations that her main product was a fraud, has stepped down as chief executive officer. After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by U.S. regulators, was sued by investors, and the company let go many of its employees. Holmes will keep her role as chair of the board, Theranos said in a statement Friday. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
