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Category Archives: Uncategorized

Virgin Orbit COO calls out company leadership for failures in goodbye memo. Read the full email

An email from Virgin Orbit’s outgoing Chief Operating Officer Tony Gingiss appears to call out CEO Dan Hart, although not by name.

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J&J will pay $8.9 billion to settle claims cosmetic talc products caused cancer

Johnson & Johnson said it would pay an $8.9 billion settlement over claims that its talc-based baby powder caused cancer.

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Cuba’s losses in case of Castro-era debt opens it up to more lawsuits

Cuba will likely face more suits over billions of dollars’ worth of unpaid commercial debts from the 1980s after a decision by a UK High […]

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GM says 5,000 salaried workers will take buyouts, expects $1 billion charge in first quarter

About 5,000 white-collar workers at GM opted to participate in a buyout program to lower the automaker’s global head count and fixed costs.

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GM overtakes Ford as second best-seller of EVs in U.S. but still trails Tesla by a wide margin

General Motors pulled ahead of Ford Motor to become the country’s second best-seller of electric vehicles during the first quarter.

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Frank founder criminally charged with fraud over $175 million JPMorgan deal

Prosecutors accused Charlie Javice of inflating Frank’s user base before selling the startup to JPMorgan Chase.

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Goldman Sachs invests $2 billion in Black women-owned businesses — the first chapter of a bigger plan

One Million Black Women launched in March 2021 with the bigger goal of having a positive impact on the lives of 1 million Black women […]

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Virgin Orbit files for Chapter 11 bankruptcy protection in the U.S.

Virgin Orbit filed for Chapter 11 bankruptcy protection after failing to secure a funding lifeline.

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Women’s soccer expands into the Bay Area with a new team and record investment

The National Women’s Soccer League has awarded a 14th franchise to an investor group in California’s Bay Area for a record $53 million fee.

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Manhattan real estate sales plunge 38%, but cash deals hit all-time record

Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile.

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