In Wednesday's business headlines, Microsoft CEO Satya Nadella is due in court to defend the company's takeover of Activision Blizzard and United Airlines is under fire over its recent cancellations with CEO Scott Kirby blaming the FAA for the disruptions. Meanwhile, a judge approved Overstock's purchase of Bed Bath & Beyond assets.
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Mark Cuban-Backed Tech Firm Illumix Closes $18 million Funding Round
San Francisco-based technology startup Illumix just closed a $18 million Series A round of funding, and in a rare move for the Shark Tank star, Mark Cuban contributed.
Stock Markets Reflect Optimism as Investors Hope 'Worst Has Passed'
Austin Graff, founder and CIO of Opal Capital in Austin, Texas, offers his take on why stocks opened higher Wednesday, saying investors appear tentatively optimistic about regulatory actions being taken around struggling banks, even as they remain worried about the long-term consequences of federal action on the sector. "
US: Credit Suisse Violates Deal on Rich Clients' Tax Evasion
Credit Suisse violated a plea agreement with U.S. authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes, U.S. lawmakers said Wednesday.
Stocks Rally on Wall Street as Bank Fears Ease Further
Stocks are rising Wednesday as Wall Street shakes off a bit more of the fear that dominated it earlier this month.
Honda Recalls More Than 330,000 Vehicles Due to Mirror Issue
Honda is recalling more than 330,000 vehicles because heating pads behind both side-view mirrors may not be bonded properly, which could lead to the mirror glass falling out and increase the risk of a crash.
Incoming Lyft CEO on Tackling Challenging Conditions, Competition From Uber
Lyft co-founder Logan Green is stepping down as CEO with David Risher, a former Amazon and Microsoft executive, set to take his place.
Pepsi Unveils Nostalgic New Logo in Throwback to 1990s
PepsiCo just unveiled a new nostalgic logo, and it might look familiar to long-time fans of the bubbly beverage. The new logo is a slightly modified version of the one last used in the 1990s.
Reports: JPMorgan CEO Jamie Dimon Is Being Deposed in Epstein Case
According to a Reuters report, JPMorgan CEO Jamie Dimon is being deposed over the bank's relationship with sex offender Jeffrey Epstein.
US Opens Investigation Into Tesla Seat Belts Coming Loose
U.S. highway safety regulators have opened yet another investigation into problems with Teslas, this time tied to complaints that the seat belts may not hold people in a crash.
