Business

In a landmark decision, Grubhub has reached a $25 million settlement with the Federal Trade Commission (FTC) and Illinois Attorney General Kwame Raoul over allegations of deceptive practices that adversely affected diners, drivers, and small business restaurants. The settlement, announced on a Tuesday, stems from a complaint stating that Grubhub misled its customers regarding delivery
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In recent years, family offices have increasingly shifted their investing strategies to include direct investments in private companies. While this move is seen as a way to capture the higher returns often associated with private equity, a comprehensive survey has revealed underlying risks that family offices may not be fully prepared to handle. Direct investments
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In a significant step towards reforming consumer finance, the Consumer Financial Protection Bureau (CFPB) recently unveiled a final rule aiming to limit the ability of banks to impose exorbitant overdraft fees. This regulatory change represents a concerted effort to protect consumers from financial practices that historically drained billions from their bank accounts. According to the
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In recent years, women’s professional sports, particularly basketball, have gained unprecedented attention and resources, culminating in the launch of the Unrivaled league. As a 3×3 women’s basketball league, it’s not just a new opportunity for players; it signifies a cultural shift in how women’s sports are valued and supported. Unrivaled’s recent multiyear partnership with Under
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In a significant development for the automotive industry, Tim Kuniskis is making a comeback at Stellantis as the head of the Ram Trucks brand. This return marks a moment of transformation within the company, especially following the unexpected resignation of CEO Carlos Tavares. Tavares’ exit has prompted a critical evaluation of Stellantis’ strategies, particularly concerning
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Ulta Beauty recently delivered a surprisingly robust performance for its fiscal third quarter, surpassing Wall Street’s expectations and demonstrating its resilience in an increasingly competitive beauty market. On Thursday, the retailer reported earnings of $5.14 per share, eclipsing the consensus estimate of $4.54. Additionally, their revenue of $2.53 billion was above the anticipated $2.50 billion.
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In a significant legal development for the aviation industry, U.S. District Judge Reed O’Connor recently dismissed Boeing’s proposed plea deal linked to criminal fraud related to the catastrophic crashes of its 737 Max aircraft. This article delves into the implications of the judge’s ruling, the context surrounding the fraud charge, and the reaction from various
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In an increasingly competitive market, U.S. airlines are facing heightened scrutiny regarding their supplement fees, particularly for seat selection. Airline executives are scheduled to address a Senate panel amidst allegations that these fees are mere “junk.” According to a report from the Senate Permanent Subcommittee on Investigations, the major airlines—including American, Delta, United, Spirit, and
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