Business

The New York Times reports: TD Bank agreed to pay about $3 billion in fines to U.S. authorities and pleaded guilty on Thursday to money-laundering-related charges in a case brought by federal prosecutors, who said the Canadian bank made it “convenient” for criminals to open accounts, transfer funds and even deposit seven-figure sums of cash at its branches. The combined …

CNBC reports: Spirit Airlines shares tumbled to a record low on Friday after a report that it’s exploring Chapter 11 bankruptcy protection. The carrier faces a deadline this month to renegotiate more than $1 billion in debt. A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. Spirit has …

NBC News reports: Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world’s second richest person, reports CNBC. Zuckerberg’s net worth reached $206.2 billion on Thursday, according to the Bloomberg Billionaires Index, topping the $205.1 billion net worth of the former Amazon CEO and president. The Facebook co-founder now trails Tesla chief Elon Musk by roughly $50 billion, the …

The Jerusalem Post reports: Former-British Prime Minister Boris Johnson claimed in his book Unleashed that he discovered a bugging device, used for listening in on private conversations, in his personal bathroom at the Foreign Office after he met with Prime Minister Benjamin Netanyahu in 2017. Johnson claimed that his security team found the device after Netanyahu had used the bathroom. …

CNN reports: Striking members of the International Longshoremen’s Association will be back to work at the ports on Friday, the union announced Thursday evening, as the union and the management group representing shipping lines, terminal operators and port authorities have reached a tentative deal on wages. The union agreed to extend the contract it had with the United States Maritime …

NBC News reports: The Tennessee Bureau of Investigation, the state’s criminal investigation agency, said Wednesday it is looking into allegations against an Erwin plastics factory where several workers died and some went missing after they were swept away by floodwaters from Hurricane Helene. Relatives of the missing and deceased workers and factory employees who survived have alleged they were made …

CNN reports: CNN, one of the most popular news websites in the world, is starting to ask some of its visitors to pay $3.99 a month for access. On Tuesday, the news organization is laying the first bricks in a so-called paywall that should, over time, help foot the bill for CNN’s journalism around the world. “Starting today, we are …

Reuters reports: DirecTV on Monday agreed to buy EchoStar’s satellite television business that includes Dish TV, capping decades of on-and-off talks to create one of the nation’s largest pay TV distributors with a combined 20 million subscribers. The transaction comes at a time when satellite TV services DirecTV and Dish are hemorrhaging market share to competitors like Netflix and Amazon’s …

Ars Technica reports: Officials in Ireland have fined Meta $101 million for storing hundreds of millions of user passwords in plaintext and making them broadly available to company employees. Meta disclosed the lapse in early 2019. The company said that apps for connecting to various Meta-owned social networks had logged user passwords in plaintext and stored them in a database …

Bloomberg News reports: Toyota Motor Corp. distanced itself from some of its LGBTQ initiatives and said it doesn’t have a quota system to boost diversity among its suppliers, after a social media attack from an anti-DEI activist. The Japanese carmaker was targeted by Robby Starbuck Thursday for sponsoring LGBTQ events and programs and offering “preferential treatment for diverse suppliers.” Toyota …

Bloomberg News reports: The US Justice Department sued Visa Inc. Tuesday, alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry. Antitrust enforcers alleged in a complaint filed in Manhattan federal court that Visa, which handles more than 60% of US debit transactions, entered into a …

Florida Politics reports: With a tropical system brewing near the Gulf of Mexico, Florida has issued a state of emergency in 41 counties and has activated the state’s price gouging hotline to report bad actors taking advantage of diligent residents preparing for the storm. Under Florida law, it is illegal for retailers in the state to artificially jack up prices …

The New York Times reports: The attorney general of California, Rob Bonta, sued Exxon Mobil on Monday alleging that the oil giant carried out a “decades-long campaign of deception” that overhyped the promise of recycling and spawned a plastic pollution crisis. The suit, filed in superior court in San Francisco, argued that people were more likely to buy single-use plastics …

NBC News reports: The maker of the party game Cards Against Humanity has sued Elon Musk’s SpaceX accusing it of trespassing on and damaging company-owned property in Texas. The lawsuit, filed Thursday in Texas court, asks for $15 million to cover damages including what the company calls the destruction of natural vegetation. The dispute involves a plot of vacant land …

The Hollywood Reporter reports: Former MoviePass chief executive Mitch Lowe has pled guilty to a securities fraud charge related to his role in swindling investors about the company’s monthly movie subscription service. Lowe on Monday entered a plea agreement in which he admitted fault for conspiring to inflate the price of MoviePass’ stock by lying about the profitability and sustainability …

Bloomberg News reports: Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand. The home-goods brand, which has for much of a century defined food storage, is planning to enter court protection after it breached the terms of …

Reuters reports: Boeing’s U.S. West Coast factory workers walked off the job early on Friday after overwhelmingly rejecting a contract deal, halting production of the planemaker’s strongest-selling jet as it wrestles with severe output delays and heavy debt. The workers’ first strike since 2008 comes as the planemaker is under heavy scrutiny from U.S. regulators and customers after a door …

Mashable reports: Apple’s newly announced hearing aid capability is officially the first over-the-counter (OTC) hearing aid software to be approved by the FDA. And it should be available on devices soon. The federal agency formally ushered in the tech giant’s new “Hearing Aid Feature” (or HAF, as the agency refers to it) mere days after the company’s keynote “Glowtime” event, …

The Guardian reports: Bosses at Campbell Soup Company, whose cans feature in one of Andy Warhol’s best-known 1960s pop artworks, have announced plans to drop “soup” from its name after more than 100 years. Its chief executive, Mark Clouse, said the decision to rename the group the Campbell’s Company was part of a shift in focus to the other snack …

Reuters reports: Apple on Monday unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” Chief Executive Tim Cook said at a product launch. …