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Supreme Court dismisses appeal from Facebook owner Meta over securities fraud lawsuit

Michael Lee, founder of Michael Lee Strategy, discusses the decline in Microsoft and Meta stocks and explains why you should invest in these two companies. The Supreme Court on Friday rejected an appeal by Facebook owner Meta Platforms in a securities fraud case accusing the tech giant of misleading investors in a data collection scandal […]

New York factory that makes Dunlop tires shuttered by Japanese owner

The Japanese company that owns tire maker Dunlop has closed its 100-year-old New York factory and laid off 1,500 employees as it moves manufacturing overseas. Sumitomo Corporation, a Tokyo-based conglomerate with a market capitalization of more than $25 billion, closed its Dunlop factory in Tonawanda, near Buffalo, on Nov. 7. The closure is the latest […]

Nets owner Joe Tsai to buy stake in Miami Dolphins: report

Brooklyn Nets majority owner Joe Tsai and minority owner Oliver Weisberg will buy a stake in the National Football League's Miami Dolphins, according to reports. Tsai, who made his fortune as a co-founder of Chinese e-commerce giant Alibaba, will acquire a 2.9% stake in the team, while Weisberg will own 0.1%. Go to the Sports […]

Blackstone to become majority owner of Jersey Mike’s

See what's being clicked on FoxBusiness.com. Blackstone announced Tuesday that it will acquire sandwich chain Jersey Mike's Subs. The asset management company said majority ownership would be purchased by a “state-of-the-art flagship private equity vehicle” and other funds it manages. Blackstone aims to complete the acquisition early next year. The deal values ​​the company at […]

Los Angeles Times owner vows to shake things up

The billionaire owner of the Los Angeles Times says the paper is confusing news and opinion and vowed to move the paper in a different direction where all voices are heard and represented. Dr. Patrick Soon-Shiong, who bought the Los Angeles Times in 2018, told “Fox News at Night” on Thursday that he wanted the […]