Equifax's Latest Breach Settlement Is Skimpy to Plaintiffs, Critics Say
Most of the money would go to security measures at Equifax, not to community banks and credit unions affected by the breach.
Inditex Swings to Loss, Plans Store Closures
Inditex reported a first-quarter net loss of EUR409 million after its sales were battered during the coronavirus lockdowns and the Zara owner said it will close at least 1,000 stores over the next two years.
HBO Max Pulls 'Gone With the Wind,' While 'Cops' Gets Canceled
"Gone with the Wind" was pulled from HBO Max while the long-running TV show "Cops" was outright canceled, a sign that entertainment companies are reexamining the content they offer in the wake of nationwide protests.
Chewy Stock May Be Overfed
The pet products e-commerce business saw impressive results last quarter but its share prices may have overshot it even before the numbers were announced.
Vroom Jumps in Public-Market Debut
Shares in the online automobile seller soared in their first day of trading, adding Vroom's name to a list of companies that had strong public showings in the past few weeks.
Serta Simmons Proposes $400 Million Debt-Cutting Deal
The mattress maker is nearing a lender deal that would provide $200 million in fresh financing while shaving off $400 million from the company's $2.4 billion debt stack.
CrossFit CEO to Exit Amid Backlash Over George Floyd Remarks
Greg Glassman, the founder and chief executive of CrossFit, said he had decided to retire after his inflammatory remarks about the killing of George Floyd prompted sponsors and gym owners to cut ties with his company.
Twitter, Square to Make Juneteenth a Company Holiday
Twitter and Square CEO Jack Dorsey said the companies will honor Juneteenth as a holiday in the U.S., as American corporations grapple with ways to show support for black employees and celebrate racial diversity.
Movie Theater Giant AMC Eyes Reopening After Coronavirus Blow
AMC Entertainment Holdings, the world's largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry.
FCC Delays Decision on Elon Musk's SpaceX and Broadband Subsidies
The Federal Communications Commission delayed a final decision on whether Elon Musk's SpaceX will be able to qualify as a preferred bidder when the agency prepares to distribute up to $16 billion in funding to expand broadband service in rural areas.
