The European Union has fined Mastercard $650 million for “breaching antitrust rules by raising payment-processing fees artificially, leading to higher prices for retailers and consumers” alike. The penalty came after a 6-year...more
1/23/2019
/ Antitrust Violations ,
CFTC ,
China ,
Danske Bank ,
Deutsche Bank ,
Espionage ,
EU ,
False Billing ,
False Claims Act (FCA) ,
Federal Budget ,
Federal Funding ,
Financial Crimes ,
Financial Markets ,
Forex ,
Government Shutdown ,
Healthcare Fraud ,
Housing Market ,
Huawei ,
Internet of Things ,
MasterCard ,
Money Laundering ,
Payment Processors ,
Smart Devices ,
Trump Administration ,
US-Mexico Border Wall ,
Walgreens
Tesla’s rise to the top of the US car heap in terms of market value raised a lot of eyebrows a few months ago. GM bumped it back down yesterday, but its three months as #1 marked what felt like a serious shift in the auto...more
7/10/2017
/ Amazon Marketplace ,
Automotive Industry ,
Berkshire Hathaway ,
Class Action ,
Cyber Attacks ,
Data Breach ,
Department of Labor (DOL) ,
Dish Network ,
Elon Musk ,
Financial Institutions ,
Food Supply ,
Grocery Stores ,
Hackers ,
Internet of Things ,
Job Creation ,
QVC ,
Technology Sector ,
Tesla
Qualcomm is reportedly set to acquire NXP Semiconductors for just shy of $40 billion in a deal that would help Qualcomm move beyond smartphone chips and into the broader internet of things....more
10/28/2016
/ Acquisition Agreements ,
Cable Operators ,
Consumer Financial Products ,
Consumer Lenders ,
Financial Institutions ,
Financial Markets ,
Internet of Things ,
Merger Agreements ,
Qualcomm ,
Securities and Exchange Commission (SEC) ,
Telecommunications
With the Internet of Things (“IoT”) comes yet another technology-driven advancement that challenges businesses with promising opportunities and potentially vexing responsibilities. In particular, manufacturers and retailers...more