Equifax Equifax agrees to data breach settlement worth up to $700 millionAxios Equifax, one of the largest credit reporting agencies in the U.S., agreed to a settlement with the Federal Trade Commission on Monday worth up to …
Business Food delivery lands the biggest venture deals in the agrifood tech sectorAxios - Dion Rabouin An example of a growing new food industry seeing burgeoning growth is agrifood tech — companies aiming to improve or disrupt the global food and …
Hedge Funds Hedge funds see all-time high assets despite ongoing outflowsAxios - Dion Rabouin Hedge funds continue to struggle this year with divergence among large and small funds growing more stark. What's happening: Inflows and strong …
J.C. Penney JCPenney stock sinks under $1 after debt restructuring reportsAxios - Dion Rabouin Shares of embattled retailer JCPenney fell 17% on Friday after a Reuters report that the company had hired advisers to help restructure its debt in …
Business Baseball card collecting world rocked by FBI investigation of fraud scandalAxios - Kendall Baker The FBI has launched a criminal investigation into the world of baseball card collecting — one that involves an industry-leading appraisal firm, a …
Business Malaysian video subscription service iFlix raises $50 million pre-IPOAxios - Dan Primack iFlix, a Malaysia-based streaming video subscription service focused on Southeast Asia and the Middle East, raised over $50 million in what it refers …
Business The coming mass extinction of Fortune 500 companiesAxios - Steve LeVine Just 60 of the Fortune 500 of 1955 remain in the hallowed group. The rest (like American Motors, above, subsumed by Chrysler in 1987) have been …
Business Cost of the average U.S. data breach tops $8 millionAxios - Joe Uchill Taking into account the full-spectrum costs associated with a data breach, the average breach costs U.S. companies $8.19 million, according to a new …
Business 2019 sees record number of TV blackoutsAxios - Sara Fischer With five months left in the year, 2019 has already set the record for the highest number of television blackouts in history, according to new data …
IHS The Indian Health Service is still in turmoil due to underfunding and mismanagementAxios - Sam Baker The Indian Health Service remains deeply troubled, according to two new reports released yesterday from the Department of Health and Human Services' …
Gannett Potential Gatehouse and Gannett mega-merger would include 1 in every 6 U.S. newspapersAxios - Sara Fischer Gannett Co, the largest newspaper owner by circulation in the U.S., and its rival GateHouse Media, the largest newspaper owner by number of papers in …
Bank of Japan Washington gets a visit from the Bank of Japan's unorthodox moneymanAxios - Dion Rabouin As the Fed approaches a likely rate cut at the end of the month — in the face of 50-year low unemployment, rising wages and strong consumer spending …
Business With a Fed rate cut coming, analysts expect the stock market to keep risingAxios - Dion Rabouin The S&P 500's 19% year-to-date return this year is no reason to sell, especially in light of July's expected Fed rate cut, strategists from LPL …
Business Cash back is the preferred credit card perk for most AmericansAxios - Dion Rabouin A new survey from CreditCards.com finds that in addition to being the most sought after credit cards, ones that offer cash back were the most likely …
Netflix Netflix looks abroad for continued growth as more competitors emergeAxios - Sara Fischer Efforts to dethrone Netflix abroad are underway, as more money pours into upstarts looking to compete locally against the streaming giant. Why it …
Business The Dallas Cowboys are the world's most valuable sports franchiseAxios - Kendall Baker The numbers are in from Forbes' analysis of the world's most valuable sports teams — your annual reminder of just how lucrative the sports industry …
DoorDash DoorDash's "tips" model is under fireAxios - Kia Kokalitcheva DoorDash is getting renewed heat over its pay model for delivery workers, whereby customer tips can be included in guaranteed minimum earnings. …
Energy Why direct air capture is hardly a sure thing to cut carbon emissionsAxios - Ben Geman Nascent tech that pulls CO2 from the atmosphere could "significantly" reduce the costs of fighting climate change, but achieving scale is hardly a …
Energy Growing opposition to natural gas pipelines hasn't hurt federal approvalsAxios - Amy Harder Environmental opposition to natural gas pipelines has grown significantly over the last decade, but the impact on actual federal approvals of such …
Business Apple in talks to buy Intel's $1 billion modem businessAxios - Ina Fried Apple is reportedly once again in talks with Intel to buy the company's troubled cellular modem business for around $1 billion. Why it matters: …
Huawei Huawei rules remain murky for tech industry despite White House talksAxios - Ina Fried After a high-level White House meeting Monday between administration economic officials and key executives, major American producers of tech hardware …
Business An increased focus on TV viewers meant attendance woes for sporting events were inevitableAxios - Kendall Baker The consumption habits of the modern sports fan is once again a hot topic following Northwestern coach Pat Fitzgerald's mini-rant about college …
Business Ford hit with $1.2 billion lawsuit over the best-selling vehicle in AmericaAxios - Joann Muller Ford is facing a class action lawsuit accusing the company of falsifying fuel economy tests on its popular F-150 pickup trucks, costing truck owners …
Business Hyperlocal digital news platform Patch pivots away from advertising to paymentsAxios - Sara Fischer Patch, the hyperlocal (and profitable) digital news platform, is doubling down on digital transactions as it seeks to pull further away from …
U.S. Department of Justice $1.4 billion printing merger canceled after U.S. antitrust objectionsAxios - Dan Primack Chicago-based printing company Quad/Graphics on Tuesday canceled its $1.4 billion agreement to buy Wisconsin-based rival LSC Communications, …
Business Snap stock price up after beating Q2 analyst expectationsAxios - Kia Kokalitcheva Snap's stock price shot up more than 6% on Tuesday after the company beat analyst expectations, posting $388.02 million in revenue. By the numbers: …
Business The Fed is hosting its first-ever research event dedicated to climate changeAxios - Courtenay Brown On Nov. 8, the Federal Reserve Bank of San Francisco — seated in a place that has seen its share of catastrophes linked to global warming — will host …
Apple Maps Apple denies favoring its own apps over competitors’ in App Store search resultsThe Verge - Nick StattApple today claims it does not favor its own apps when ranking search results for the iOS App Store, pushing back against findings in an investigation by The Wall Street Journal published this afternoon
HIV Wow! China Will Begin Human Trial For A Vaccine That Will Cure HIVMashable - Natasha MathurAccording to UNAIDS, over 37.9 million people globally were living with HIV (Human immunodeficiency virus infection), close to 24.3 million people were accessing antiretroviral therapy, and more than million
