Tag Archives: Billion

Volkswagen and Rivian agree to $5 billion partnership

Volkswagen and Rivian agree to $5 billion partnership VW will adopt Rivian’s zonal architecture and software, and Rivian will get some much-needed cash. anna washenko Updated Wed, Jun 26, 2024 Volkswagen and EV company Rivian have entered a new partnership, and the total price tag for the collaboration could reach an eye-popping $5 billion. … Continue reading Volkswagen and Rivian agree to $5 billion partnership →

Elon Musk wins shareholder approval for record $56 billion pay package

Tesla

June 14, 2024 Elon Musk wins shareholder approval for record $56 billion pay package The shareholder approval, however, does not resolve a Delaware court’s lawsuit on the pay package. BY Reuters Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an incentive … Continue reading Elon Musk wins shareholder approval for record $56 billion pay package →

Illegal gambling nets $9.5 billion from New York, New Jersey, and Minnesota, according to a new report

Gambling Race

Illegal gambling nets $9.5 billion from New York, New Jersey, and Minnesota, according to a new report Brian-Damien Morgan Tech Journalist The Campaign for Fairer Gambling (CFG) has found that $ 9.5 billion from New York, New Jersey, and Minnesota is raked in by illegal gambling. The CFG and technical intelligence provider Yield Sec … Continue reading Illegal gambling nets $9.5 billion from New York, New Jersey, and Minnesota, according to a new report →

This often-hidden aspect of employment contracts costs U.S. employees $300 billion a year

Employment Contracts

June 03, 2024 This often-hidden aspect of employment contracts costs U.S. employees $300 billion a year Many people are only vaguely aware these clauses exist, or assume that they are only used in highly lucrative, competitive, or secretive industries. BY Kathleen Davis When you accepted your job, you may have not read the fine print of … Continue reading This often-hidden aspect of employment contracts costs U.S. employees $300 billion a year →

ConocoPhillips to buy Marathon Oil in $22.5 billion deal—another energy megamerger

Marathon Style

May 29, 2024 ConocoPhillips to buy Marathon Oil in $22.5 billion deal—another energy megamerger The U.S. oil and gas industry has been riding a consolidation wave over the past two years. BY Reuters ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion deal, the latest in a series of mega-mergers in the oil … Continue reading ConocoPhillips to buy Marathon Oil in $22.5 billion deal—another energy megamerger →

Trump awarded another $1.8 billion worth of Trump Media stock

Wealth Building

May 01, 2024 Trump awarded another $1.8 billion worth of Trump Media stock Former President Donald Trump has secured an additional $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the … Continue reading Trump awarded another $1.8 billion worth of Trump Media stock →

Workplace violence costs as much as $56 billion annually, researchers estimate

Workplace Issues

April 28, 2024 Workplace violence costs as much as $56 billion annually, researchers estimate No industry is free of violence, but the problem is prevalent in the service sector. BY The Conversation Violence and harassment on the job are all too common: More than 1 in 5 workers worldwide have experienced it, according to the International Labor … Continue reading Workplace violence costs as much as $56 billion annually, researchers estimate →

After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package

Employee Layoffs

April 17, 2024 After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package The struggling EV carmaker is urging shareholders to vote again for the payout, which would be the largest ever awarded in corporate history, after a Delaware court nullified it in January. BY Clint Rainey With Tesla stocks trading … Continue reading After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package →

The EU punishes Apple €1.8 billion (£1.5 billion) for streaming violations

Apple Under Legal

The EU punishes Apple €1.8 billion (£1.5 billion) for streaming violations Deanna Ritchie Former Editor EU punishes Apple The European Commission has fined Apple €1.8 billion (£1.5 billion) for streaming violations. So,1,800,000,000 EUR is equal to 1,952,277,657 USD @ 1.08 US dollars to 1 Euro. Anyway you figure it, this is a significant fine. The reason is that the … Continue reading The EU punishes Apple €1.8 billion (£1.5 billion) for streaming violations →

Google sued for $2.27 billion by European publishers

Google Under Legal

More European legal problems for Google as Axel Springer and other well-known German publishers sue over alleged abuse of its market position. Nicola Agius on March 1, 2024 Google is facing a $ 2.27 billion lawsuit by 32 media groups claiming that the company’s digital advertising practices have led to financial losses. The publishers, including … Continue reading Google sued for $2.27 billion by European publishers →