Australia’s Qantas agrees to $66 million penalty in flight cancellation case By Reuters

(Reuters) -Australian airline Qantas Airways said on Monday it had agreed to pay a penalty of A$100 million ($66 million) to settle a lawsuit that accused it of illegally selling thousands of tickets for flights that had already been cancelled. The penalty is subject to the approval of the Federal Court of Australia, it said … Read more

FTC’s attack on high-profile exec rattles oil industry, sparks concern over deals

Spencer Platt/Getty Images News Exxon Mobil (NYSE:XOM) completed its $60B takeover of Pioneer Natural Resources (PXD) this week, but its agreement with antitrust regulators not to add Scott Sheffield, Pioneer’s former head, to its board has sent shock waves through the U.S. oil industry, leaving insiders wondering how past comments could be scrutinized. The Federal … Read more

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Ocugen, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm “ OCGN

NEW YORK, May 04, 2024 (GLOBE NEWSWIRE) — WHY:  Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ocugen, Inc. (NASDAQ: NASDAQ:) between May 8, 2020 and April 1, 2024, both dates inclusive (the Class Period), of the important June 10, 2024 lead plaintiff deadline in the securities class action … Read more

Gold down for second straight week but Goldman sees rebound later this year (NYSEARCA:GLD)

monsitj/iStock via Getty Images Gold closed its first back-to-back weekly loss since February, extending a correction from last month’s rally as investors appeared to take profits as Middle East tensions eased. Gold gave up initial gains Friday that followed the release of data showing U.S. non-farm payrolls increased by a smaller than expected 175K jobs … Read more

Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.

A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood. #Coinbase #billion #quarterly #profit #cryptotrading #explosion #costs #rising