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.
Continue readingCuba’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 […]
Continue readingGM 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.
Continue readingGM 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.
Continue readingFrank 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.
Continue readingGoldman 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 […]
Continue readingVirgin 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.
Continue readingWomen’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.
Continue readingManhattan 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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