Tag Archives: class

Bloomberg Global Chip Drought Hits Apple, BMW, Ford as Crisis Worsens (Bloomberg) — The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis.In a dizzying 12-hour stretch, Honda Motor Co. said it will halt production at three plants in Japan; BMW AG cut shifts at factories in Germany and England; and Ford Motor Co. reduced its full-year earnings… Source link

Blocking a proposed British class action against Google (GOOGL.O), that alleges it secretly tracked millions of iPhone users a decade ago, risks allowing big firms to behave with impunity, a lawyer told the Supreme Court on Thursday. Hugh Tomlinson, a lawyer for former consumer rights champion and class representative Richard Lloyd, told senior judges that although the case was “novel and innovative”, it was an appropriate way to ensure access to justice and compensation. “If we are wrong… Source link

Bloomberg Warren Buffett Poised to Weigh In on How Berkshire Fares Post-Pandemic (Bloomberg) — A year after Warren Buffett revealed he was unloading airline stocks as the pandemic took hold, Berkshire Hathaway Inc. shareholders are eager for his sense of what’s next for the conglomerate with more Americans emerging from lockdown.On Saturday, Berkshire’s chief executive officer will address shareholders via video-conference to conform with health guidelines, scrapping for a second year an… Source link

Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration A proposed multi-billion pound British class action against Google (GOOGL.O), which alleges the internet giant secretly tracked millions of iPhone users, is not viable and should not be allowed to proceed, the Supreme Court was told on Wednesday. Antony White, a lawyer for Google, told the first day of a two-day hearing that any… Source link

By Kirstin Ridley LONDON (Reuters) – A proposed multi-billion pound British class action against Google, which alleges the Internet giant secretly tracked millions of iPhone users, is not viable and should not be allowed to proceed, the Supreme Court was told on Wednesday. Antony White, a lawyer for Google, told the first day of a two-day hearing that the maiden, U.S.-style data protection lawsuit could only seek redress under English laws if any data breach had led to claimants suffering… Source link

Goldman Sachs’ private wealth management advisers tell the bank’s clients to stay invested primarily in U.S. equities, advice the firm has reiterated annually since the March 2009 market bottom. “We have had a theme of U.S. preeminence and staying invested — these two investment themes — since the trough of the global financial crisis. So as many people have put forth the view that the global financial crisis, for example, dealt a fatal blow to U.S. preeminence, ‘That the 20th century… Source link

It was 2012. After well over a decade in business, Google had hit its stride. It was on pace for its biggest year to date, with revenue skyrocketing and its first $50 billion year in the making. But a question lingered in the minds of company executives.  They knew that the key to Google’s success was teamwork and collaboration–allowing the company to innovate faster, identify mistakes more quickly, and solve problems more effectively. Yet, while some teams at Google flourished, others… Source link

SAN JOSE, Calif., Dec. 24, 2020 /PRNewswire/ — Berger Montague PC filed an antitrust class action lawsuit Wednesday on behalf of a proposed class of “Publishers”—ad-supported online content companies. The lawsuit, Sterling International Consulting Group v. Google, LLC, was filed in the U.S. District Court for the Northern District of California, San Jose Division, where Defendant Google LLC is located. Sterling International Consulting Group (“SICG”) alleges that Google engaged in a… Source link

InvestorPlace Learn a Lesson From Luckin Coffee — and Avoid It in the Process You may remember Luckin Coffee (OTCMKTS:LKNCY) as the ticker symbol LK. That’s no longer the case. After revelations this past year, Luckin Coffee stock was relegated to the over-the-counter market.  Source: NewsToday / Shutterstock.com This was once a promising growth stock, but it led investors astray when top management was dishonest about sales, among other things. While the company looked like it was… Source link

The UFC’s roughest fight might be in court over the next few years. A group of former UFC fighters suing the promotion scored a key legal victory on Thursday when federal judge Richard Boulware said he would grant their lawsuit class-action status, according Kevin Draper of The New York Times. The antitrust lawsuit dates all the way back to 2014, initially filed by Cung Le Jon Fitch and Nate Quarry against the UFC’s parent company. The lawsuit claims the UFC has abused its monopoly power… Source link