In a significant settlement agreement, Grubhub has consented to pay $25 million to resolve allegations brought forth by the Federal Trade Commission (FTC) and Illinois Attorney General Kwame Raoul regarding its allegedly deceptive practices. This lawsuit outlines serious claims that Grubhub not only misled diners and workers but also compromised the interests of countless small
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In recent years, family offices have emerged as significant players in the investment landscape, pivoting towards direct investments in private companies. This strategy allows them to bypass the traditional route of private equity management, enabling direct engagement with startups and established firms alike. However, while the allure of higher returns without the encumbrance of hefty
The recent passing of Brian Thompson, CEO of UnitedHealthcare, has reverberated deeply throughout the healthcare industry. Andrew Witty, his successor at UnitedHealth Group, expressed his sorrow in a poignant New York Times opinion piece, recognizing the profound impact of Thompson’s leadership. Thompson, who led the largest private insurance company in the U.S., was pivotal in
The Consumer Financial Protection Bureau (CFPB) has recently announced landmark regulations targeting overdraft fees, a long-standing source of contention between banks and consumers. With these changes, the CFPB aims to alleviate the financial burden placed on millions of households across the United States. While the initiative presents a significant potential for consumer savings, it also
As we look toward 2025, a palpable sense of optimism is emerging among U.S. car dealers. This renewed enthusiasm, largely attributed to the political winds shifting with President-elect Donald Trump’s administration, is reflected in findings from the Cox Automotive “Q4 2024 Dealer Sentiment Index.” This comprehensive survey indicates a positive trend in auto sales expectations,
The burgeoning landscape of women’s professional basketball is on the brink of a significant transformation, with the announcement of a strategic partnership between the startup basketball league, Unrivaled, and global sports apparel giant Under Armour. This collaboration stands as a cornerstone initiative for both entities, symbolizing a shared commitment to elevate the women’s game, while
In a surprising turn of events, Tim Kuniskis has made his way back to Stellantis as the leader of the Ram Trucks brand. This decision follows his retirement just five months ago, suggesting the automaker is taking a proactive approach to address its current challenges in the North American market. Kuniskis’ re-appointment comes at a
On Thursday, Ulta Beauty released its fiscal third-quarter results, showcasing a performance that unexpectedly surpassed Wall Street’s expectations despite rising competition and a downturn in makeup and skincare demand. This strong showing prompted the retailer to slightly adjust its full-year outlook, indicating a net sales projection between $11.1 billion and $11.2 billion, exceeding an earlier
In a significant development, a federal judge recently turned down Boeing’s plea agreement related to criminal fraud charges stemming from the tragic crashes of its 737 Max jetliners. This pivotal decision is not only a reflection of the ongoing issues surrounding Boeing’s accountability, but it also shines a light on the complex intersection of legal
In a noteworthy development, U.S. airline executives are preparing to face a Senate subcommittee that has raised serious concerns about what it calls “junk” fees associated with airline seating selections. The discussion is centered on the substantial revenue these charges generate, amounting to a staggering $12.4 billion from 2018 to 2023. Major carriers such as