Less than a month after being sued by the Department of Justice over maintaining “unlawful monopolies” in its search and advertising businesses, Google is staring down the barrel of a second antitrust lawsuit. A bipartisan group of US states is gearing up to file suit against the search giant as soon as next month, Reuters … Read more
Dick’s Sporting Goods Chief Executive Ed Stack, who took a controversial stand on guns after a school shooting, is leaving the helm of the company after 36 years. Stack, 65, who is also the company’s largest shareholder, will be succeeded as CEO on Feb. 1 by Lauren Hobart, who has been president of the retailer … Read more
Amazon has upset some of its veteran workers by giving them vouchers to buy Thanksgiving turkey while cutting $3,000 bonus checks for some new hires, a new report says. The e-commerce giant’s staffers have griped about the disparity in social-media forums where they’ve shared pictures of “turkey vouchers” worth as little as $10 that they … Read more
Moderna’s coronavirus vaccine may not get life back to normal right away because it hasn’t yet been proven to prevent the deadly bug from spreading, the company’s top doctor says. Research has shown that the biotech firm’s shot is effective at preventing people from getting sick with COVID-19, but there’s no hard evidence that it … Read more
Tesla boss Elon Musk surpassed Bill Gates to become the world’s second-richest person as the electric-car maker continued its staggering stock-market surge. A 6.5 percent jump in Tesla’s share price added about $7.2 billion to Musk’s fortune on Monday, putting his total net worth at $127.9 billion — slightly eclipsing Microsoft co-founder Gates’ $127.7 billion, … Read more
New York City restaurateurs are concocting novel ways to drum up business during the holidays, even as a looming COVID-19 lockdown threatens to shutter their venues citywide for the second time this year. The Tao Group — which was forced to close many of its high-profile hangouts this spring because of the pandemic — is … Read more
The pandemic hasn’t derailed holiday shopping this year — at least not yet. Retail sales are on track to grow by as much as 5.2 percent to $767 billion during November and December as many consumers enter the holiday season with fatter savings accounts and less debt, according to a forecast by the National Retail … Read more
A United Nations human rights panel says Japan committed an “extrajudicial abuse of process” by arresting ex-Nissan CEO Carlos Ghosn multiple times to keep him in jail for months. The UN Human Rights Council’s Working Group on Arbitrary Detention issued the finding in a 17-page report accusing Japanese authorities of violating the fugitive auto honcho’s … Read more
President-Elect Joe Biden plans to nominate former Federal Reserve chairwoman Janet Yellen to become the next Treasury Secretary, sources told The Post. If confirmed, the 74-year-old Yellen will be the first woman to run the Treasury Department, and also the first person ever to hold the top three economic positions in American government. In addition … Read more
Panicked text messages between the two top executives at Theranos showed they knew how much trouble the blood-testing startup was in before it collapsed, prosecutors say. In a trove of texts, iMessages and Skype chats, Theranos founder Elizabeth Holmes and Ramesh “Sunny” Balwani, her top lieutenant and former lover, expressed anxiety about the company’s struggling … Read more