investors News

In New Headache, WeWork Says it Found Cancer-Causing Chemical in its Phone Booths

NEW YORK — Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the United …

Facebook Wins Dismissal of Investor Lawsuit Over Privacy Breach

NEW YORK – Facebook Inc and its chief executive Mark Zuckerberg on Thursday won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of a privacy breach on its stock price, though the investors will …

J&J Shares Rise as Oklahoma Opioid Award Less Than Expected

Johnson & Johnson shares rose as much as 5.4% after an Oklahoma judge ordered the company to pay far less than some investors expected in the first trial by a state seeking compensation for the public-health crisis spawned by opioid …

Bayer Is Said to Seek $8 Billion Roundup Cancer-Claim Deal

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, …

Mounting Climate Change Fears Push Investors to Assess Geographical Risks

NEW YORK — With an above-average percentage of its power generated from renewable sources and one of the largest battery storage operations in the United States, utility Sempra Energy seemed to check all the boxes for portfolio manager Todd Ahlsten, …

Investors Face More Restrictions on Securities Class Action Cases

The Supreme Court on Monday made it tougher for investors to join together to sue corporations for securities fraud, a decision that could curb the number of multimillion-dollar legal settlements companies pay out each year. But the unanimous ruling was …

Investors Didn’t Know Companies Hacked by Chinese

Three U.S. public companies identified as Chinese hacking victims didn’t report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events. Two of the companies — aluminum maker Alcoa Inc. and metals supplier …

BofA Investor Lawsuit Wins Class-Action Status

Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill’s losses and bonus payouts. U.S. District Judge …