Read the $2.7 billion lawsuit against Fox News, Rudy Guiliani and Sidney Powell

Smartmatic filed a $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, including Lou Dobbs, Maria Bartiromo and Jeanine Pirro and pro-Trump attorneys Rudy Giuliani and Sidney Powell, alleging the parties worked in concert to wage a “disinformation campaign” about the company. Read the full lawsuit below:MORE

Super Bowl LV will be a bonanza for gambling companies

The Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are already champs. DraftKings shares have surged nearly 35% this year ahead of Sunday’s big game in Tampa. The stock is up nearly 260% since it went public last April…MORE

Automakers are going green to save money, not just the planet

Virtually all of the world’s major automakers are shifting to an all-electric future — and that’s as much about the bottom line as it is the environment. Volkswagen plans to launch roughly 70 pure electric models by 2030 and has already overtaken Tesla in electric vehicle sales in many European markets. General Motors said last…MORE

Voting technology company Smartmatic files $2.7 billion lawsuit against Fox News, Rudy Giuliani and Sidney Powell over ‘disinformation campaign’

A voting technology company swept up in baseless conspiracy theories about the 2020 election filed a monster $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, and pro-Trump attorneys Rudy Giuliani and Sidney Powell, alleging the parties worked in concert to wage a “disinformation campaign” that has jeopardized its very…MORE

High-speed trading firm linked to Robinhood is going to war with the SEC

Citadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same day that Senator Elizabeth Warren demanded answers on Robinhood’s ties to Citadel Securities and its affiliated hedge fund, the Chicago-based firm officially launched a legal war Tuesday against the Securities and Exchange…MORE

The New York Times had a record-setting year in 2020

The New York Times’ goal of attracting 10 million subscribers by 2025 is very much within reach thanks in part to readers who have flocked to the paper’s coverage of last year’s most seismic events. On Thursday, the Times reported that it now has 7.5 million total subscriptions across digital and print. It added 2.3…MORE

McKinsey to pay nearly $600 million in settlements over its work with opioid companies

McKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work consulting for drug companies that states say fueled the nation’s opioid crisis. McKinsey reached the agreement with a coalition of 47 attorneys general, the District of Columbia and five US territories. The company settled…MORE

Jeff Zucker announces he will stay on at CNN through the end of the year

A question consumed CNN employees recently: Was the company’s president, Jeff Zucker, going to leave after the presidential inauguration? Zucker came quite close to exiting, according to associates, but decided to stay on. He told employees on Thursday morning that he will remain with CNN’s parent, WarnerMedia, through the end of the year. “The truth…MORE

Another 779,000 Americans filed for unemployment benefits last week

Another 779,000 Americans filed for first-time unemployment benefits on a seasonally adjusted basis in the last week of January, the Labor Department said Thursday. For yet another week, claims were nearly four times the level of the same period last year, before the pandemic brought the nation to a standstill. This underscores once again that…MORE

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