Attorneys seeking approval of the $2.8 billion legal settlement for college sports pointed to nearly 102,000 athletes who signed up to receive damages from the action, while batting down objections to what they described as the “intergalactic paradigm shift” the settlement will create across the NCAA. In a motion filed in federal court earlier this [...]
NEW YORK (AP) — The Trump administration this week published a list of more than 440 federal properties it has identified to close or sell, including the FBI headquarters and the main Department of Justice building, after deeming them “not core to government operations.” Hours later, however, the administration issued a revised list with only [...]
OAKLAND, Calif. (AP) — A federal judge has denied Elon Musk’s request for a court order blocking OpenAI from converting itself to a for-profit company but said she could expedite a trial to consider Musk’s claims against the ChatGPT maker and its CEO. U.S. District Judge Yvonne Gonzalez Rogers ruled that “Musk has not demonstrated [...]
The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three Amercian banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office. In December, a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of [...]
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane. In a filing, CK Hutchison Holding [...]
The Ohio State University is joining 14 other research institutions in a partnership with OpenAI to advance research and education in artificial intelligence. According to a news release, OpenAI plans to sponsor the NextGenAI consortium with funding up to $50 million for use for research grants and computing to train and fine-tune existing university models. [...]
SCARBOROUGH, Maine (AP) — A group of lobster fishermen may sue one of the world’s largest seafood watchdog groups for defamation, a federal court has ruled, over a report that described Maine lobster as an unwise choice for consumers. The threat to a rare whale species from getting tangled in fishing gear has prompted Monterey [...]
BEIJING (AP) — China responded to new American tariffs by announcing it will impose additional tariffs of up to 15 percent on imports of some American farm products, including chicken, pork, soy and beef, and expanded controls on doing business with some United States companies. The tariffs announced by the Commerce Ministry will take effect [...]
Starbucks has named a new chief financial officer as part of a larger turnaround strategy. Cathy Smith, who has been Nordstrom’s CFO since 2023, will join Starbucks in the next month, Starbucks Chairman and CEO Brian Niccol said in a letter to employees. Smith previously served as the chief financial officer of Target and Walmart [...]