WeWork’s ousted CEO Adam Neumann might finally find the door with a renegotiated exit package. Neumann received a juiced-up stock award worth $245 million, on top of $200 million in cash, as part of a sweetheart exit package from the office rental company he led to disaster, regulatory filings show. The fresh payout is part...Read More

A Massachusetts judge on Thursday rejected Robinhood’s bid to block state regulators from moving forward with their enforcement action alleging that the online brokerage encourages inexperienced investors to place risky trades without limits. Suffolk County Superior Court Judge Kenneth Salinger said Robinhood could continue challenging in court the validity of the state’s new fiduciary rule, which underlies Massachusetts...Read More

Best Buy raised its annual sales forecast on Thursday, saying the latest round of stimulus checks had kept consumers buying home electronics, while acknowledging that a reopening economy threatens to slow growth later in the year. Shares of the company, which have gained over 20 percent this year, rose about 5 percent in morning trading as it also...Read More

Federal officials say Boeing will pay at least $17 million and take steps to fix production problems on its 737 jets including the Max. The Federal Aviation Administration said Thursday that the settlement covers the installation of unapproved sensors and other parts on some Boeing 737 NG and 737 Max planes built between 2015 and...Read More

Gap will begin selling a new home goods line exclusively through Walmart’s website next month under a multiyear partnership. The collection of more than 400 items is Gap’s first venture into the home category and it’s selling everything from bedding and bath goods to home decor. The collection will appear on Walmart’s site on June...Read More

Cloud software company Snowflake has become the latest tech firm to leave Silicon Valley, opting instead for offices across the country rather than a single headquarters. In a filing this week with the Securities and Exchange Commission, the company explained, “We are a Delaware corporation with a globally distributed workforce and no corporate headquarters.” In...Read More

Airbnb said Thursday it would extend a ban on parties in homes listed on its platform through at least the end of summer in an effort to halt the spread of coronavirus infections. This comes as increasing vaccination rates and easing travel restrictions in parts of the world are expected to boost travel demand in the...Read More

Twitter on Thursday said it is worried about the safety of its staff in India and called for the government to respect freedom of expression, days after Indian police visited its office in New Delhi over its labeling of a tweet by a governing party spokesman as “manipulated media.” Twitter has been involved in a...Read More

The Department of Justice has reportedly told casino mogul Steve Wynn to register as a lobbyist for China over his 2017 efforts to curry favor with Chinese authorities. At the root of the order is Wynn’s efforts to persuade American officials to send Guo Wengui, a Chinese businessman with ties to former President Donald Trump,...Read More

The US Department of Justice has reportedly launched a probe into this spring’s dramatic implosion of Archegos Capital Management, which slammed some of the world’s biggest banks with more than $10 billion in losses. Federal prosecutors sent requests for information to some of the banks that conducted business with the massive but little-known family office...Read More