Rio Tinto PLC said it agreed to pay a $15 million civil penalty to resolve an investigation by the U.S. Securities and Exchange Commission into payments made to a former consultant who helped the company acquire rights to massive iron-ore deposits in Guinea.
Dow Jones Newswires: ON Semiconductor signs long-term EV supply deal with BMW
ON Semiconductor Corp. has secured a long-term agreement with BMW AG to support the German car-maker’s electric vehicles.
: Tyler Perry reportedly interested in buying majority stake in BET as Paramount looks to sell
Tyler Perry is reportedly interested in acquiring a majority stake in BET Media Group, as Paramount Global Inc. looks to sell its controlling stake of the media unit.
: SoFi sues over student-loan pause to force borrowers to resume making payments
Tens of millions of borrowers have had their student-debt payments paused. But one big fintech company disapproves and wants the payments resumed.
Personal Finance Daily: Job postings offering hybrid work have tripled since 2019 and these are the cities where high-end homes are holding onto their value
Monday’s top personal finance stories.
: Bath & Body Works, Third Point proxy fight averted as retailer appoints new board member
The proxy fight brewing between Third Point LLC and Bath & Body Works Inc. was averted Monday as the retailer appointed a new board member with the activist investor’s blessings.
The Ratings Game: As chip sales dry up, Nvidia CFO says spending on AI will save companies money
Nvidia Corp.’s financial chief did not appear concerned that some have called for a drying up data-center sales growth as she reasoned that the efficiencies businesses need are not from spending less money but from spending more on technologies like artificial intelligence.
Earnings Results: Weight Watchers’ sales forecast falls short, and subscribers are down. Now it’s buying its way into telehealth
WW International Inc., the company that oversees the weight-loss program Weight Watchers, forecast first-quarter sales that were below expectations.
Crypto: Crypto traders may lean toward stablecoins after Silvergate ceases crypto payments network
Crypto traders are likely to lean more toward dollar-pegged stablecoins, after Silvergate Capital Corp., and its crypto-friendly lending affiliate, said last week that it is at risk of ‘being less than well-capitalized’ and discontinued its crypto-payments network.
Letter to the Editor: Ford rebuts criticism of venture with Chinese battery maker: ‘A big step in expanding the U.S. EV battery industry.’
Michigan factory will create 2,500 jobs and allow Ford to produce more affordable electric vehicles, company official says.
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