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Wells Fargo settles lawsuit alleging hiring, lending discrimination
American Banker129d agobearish
Wells Fargo settles lawsuit alleging hiring, lending discrimination

The $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.

Investing.com129d agobearish
Musk loses lawsuit against OpenAI and Altman

Investing.com -- A U.S. jury on Monday found OpenAI not liable in a lawsuit filed by Elon Musk, who claimed the artificial intelligence company had abandoned its original mission to benefit humanity.

Assessing Microsoft (MSFT) Valuation After UK Antitrust Probe And Reshaped OpenAI Alliance
Simply Wall St.132d agobearish
Assessing Microsoft (MSFT) Valuation After UK Antitrust Probe And Reshaped OpenAI Alliance

Microsoft (MSFT) stock is back in the spotlight after UK regulators launched a broad antitrust probe into its business software ecosystem and the company reworked its multibillion dollar AI partnership with OpenAI. See our latest analysis for Microsoft. Despite bouncing 1.04% in the last session to about US$409.43, Microsoft’s 7 day share price return is down 2.70% and its year to date share price return has fallen 13.43%, even as the company reshapes its OpenAI deal and faces fresh UK...

Microsoft Antitrust Probe Tests AI Bundling And Boardroom Oversight
Simply Wall St.132d agobearish
Microsoft Antitrust Probe Tests AI Bundling And Boardroom Oversight

U.K. regulators have opened a formal antitrust investigation into Microsoft’s business software ecosystem, targeting Office, Teams, Copilot, and Azure. The probe focuses on bundling practices and how Microsoft’s services affect competition in cloud and AI interoperability. Microsoft has appointed former EY global chairman and CEO Carmine Di Sibio to its board as a director. At the same time, the company is pursuing independent AI capabilities by acquiring AI startups and expanding beyond its...

Texas Jury Clears Exxon Mobil in Investor Lawsuit Over Oil Sands and Gas Assets (XOM)
InvestorsHub133d agobearish
Texas Jury Clears Exxon Mobil in Investor Lawsuit Over Oil Sands and Gas Assets (XOM)

A Texas jury ruled on Wednesday that Exxon Mobil (NYSE:XOM) was not liable in a lawsuit accusing the energy giant of misleading investors through disclosures connected to its Canadian oil sands business and Rocky Mountain natural gas operations. Investors Failed to Prove Fraud ClaimsThe case, originally filed in 2016, alleged that Exxon hid losses tied to its Canadian bitumen assets, failed to properly reflect carbon-cost assumptions in reserve valuations, and postponed impairment charges relate

Elon Musk Left For China With Trump During OpenAI Trial Despite Judge's 'Recall Status' Order: Report
Benzinga134d agobearish
Elon Musk Left For China With Trump During OpenAI Trial Despite Judge's 'Recall Status' Order: Report

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reportedly accompanied President Donald Trump on his trip to China without seeking permission from the Judge currently presiding over the OpenAI trial. Elon Musk Defies ‘Recall Order’ Amid the ongoing trial in Oakland, California, U.S. District Judge Yvonne Gonzalez Rogers placed Musk on a “recall status” order, but the billionaire failed to seek permission from the Judge before leaving, NBC News reported on Wednesday, citing anonymous sources familiar with

Waymo recalls thousands of robotaxis for surprising reason
TheStreet135d agobearish
Waymo recalls thousands of robotaxis for surprising reason

On April 20, an unoccupied Waymo robotaxi encountered a flooded section of road in San Antonio during extreme weather. Instead of stopping, it slowed down and kept going. The vehicle was swept into Salado Creek. It had to be recovered from the waterway days later. Ten days after that incident, ...