NEW YORK—The Securities and Exchange Commission (SEC) on Monday charged former McDonald’s Corp. Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and director bar and a $400,000 civil penalty. McDonald’s fired Easterbrook in November 2019 for…
SEC Charges McDonald’s Former CEO for Misrepresentations to Investors
J&J May Eye Deals That Boost Eye Care, Surgical Robots Businesses: CEO
Johnson & Johnson will look for opportunities to merge with or acquire firms that add value to its focus areas of eye care, surgical robots, orthopedics and cardiovascular products, the company’s Chief Executive Officer Joaquin Duato said on Monday. The healthcare giant is in the process of spinning off its consumer healthcare business under the…
Waiting Times for Some Tesla Models in China Increase After Automaker Discounts
SHANGHAI—Prospective Tesla Inc. buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker’s decision to cut prices is stoking demand in its second-largest market. Tesla cut prices by 6 percent to 13.5 percent on Friday, bringing some of its auto prices to near BYD’s best-selling models in a…
PREMIERING 1/10 at 7:30PM ET: Adam Coleman: Overcoming a ‘Poisonous’ Society of Victims and Saviors
January 9, 2023
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“My search for black identity was something that I actually enjoyed, until I started noticing that there was a level of animosity that comes with it that’s being preached. It is a celebration of being black and also is a rejection of ‘white.’” Adam Coleman is the founder of WrongSpeak Publishing and author of “Black…
Pfizer Board Member Pressured Twitter to Censor Posts on Natural Immunity, Low COVID Risk to Children: Emails
January 9, 2023
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AMERICABig Tech, Censorship, and SocialismBusiness & MarketsCCP VirusCompaniesEditor's PicksFeatured TopicsMedia & Big Techscott gottliebTwitterUSUS News
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A Pfizer board member who used to head the U.S. Food and Drug Administration (FDA) lobbied Twitter to take action against a post accurately pointing out that natural immunity is superior to COVID-19 vaccination, according to an email released on Jan. 9. Dr. Scott Gottlieb wrote on Aug. 27, 2021, to Twitter executive Todd O’Boyle…
Over 100 Parties Want to Buy Parts of FTX
January 9, 2023
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More than 100 interested parties want to buy part of the failed crypto exchange FTX. According to court documents reviewed by Business Insider, lawyers handling the FTX’s Chapter 11 bankruptcy case are planning to auction off four of the companies previously run by disgraced former CEO Sam Bankman-Fried. Bankman-Fried currently faces up to 115 years…
Half of Canadians Surveyed Plan to Change Jobs in 2023, Most for Higher Pay
Despite economic uncertainty, half of Canadian workers plan to look for a new job in the first six months of 2023, according to the latest biannual Job Optimism Survey by business consulting firm Robert Half, released December 2022. This is up from the firm’s survey in June 2022 that suggested 31 percent of Canadians were…
Around 40 Percent of German Companies Expect Output Decline in 2023: IW Institute
BERLIN—Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues, and the continuing war in Ukraine. “The risk of a gas shortage in the 2022/23 winter season is no longer as present as it was…
Swiss National Bank Posts Record $143 Billion Loss in 2022
ZURICH—The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history. The central bank plunged into the red as falling stock and fixed-income markets hit the value of its share and bond portfolio, while the appreciation of the…
Wall Street Opens Higher, Adding to Gains Made Last Week
NEW YORK—Stocks are opening higher on Wall Street, extending gains from last week when the market posted its first weekly gain in five weeks. Energy stocks were among the biggest winners as crude oil prices rose about 3 percent. Technology stocks were also higher. Macy’s sank after tempering its sales forecast for its current quarter…
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