Cigna health giant accused of improperly rejecting thousands of patient claims using an algorithm
A federal lawsuit alleges that health insurance giant Cigna used a computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law
2023-07-26 09:48
As Twitter fades to X, TikTok steps up with new text-based posts
The same day owner Elon Musk abruptly dropped Twitter's name and bird logo as part of its supposed transition to an “anything app,” TikTok impishly announced it will begin letting its users post — you guessed it — text-based messages
2023-07-26 08:53
Chip Heavyweight Hynix’s Revenue Beats as AI Lifts Memory Demand
SK Hynix Inc. reported better-than-expected revenue, declaring the memory chip market is recovering because of surging interest in
2023-07-26 08:26
UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in US
Prosecutors say British billionaire and Tottenham soccer team owner Joe Lewis has been indicted in New York on insider trading charges
2023-07-26 08:20
Brazil regulates sports betting, taxes companies amid scandal
Brazil’s government has issued a provisional decree to authorize sports betting and tax companies’ revenues by 18%
2023-07-26 08:19
Unexplained outage at Chase Bank leads to interruptions at Zelle payment network
An unexplained outage at Chase Bank has led to interruptions for users of the Zelle payment network, who took to social media to complain
2023-07-26 05:58
Visa 3Q profits rose as global customers increasingly use credit and debit cards instead of cash
Visa says its adjusted third-quarter profits rose by close to double digits, as the global payments company continues to benefit from broad shift of consumer behavior from cash to using credit and debit cards
2023-07-26 05:46
Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring
2023-07-26 04:57
Google rebounds from unprecedented drop in ad drop with a resurgence that pushes stock higher
Google snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected to reshape the competitive landscape
2023-07-26 04:56
House Republicans plan to hold Meta's Mark Zuckerberg in contempt of Congress
Meta CEO Mark Zuckerberg is being threatened with contempt of Congress
2023-07-26 04:53
Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"
Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share
2023-07-26 04:20
Court says OxyContin maker's bankruptcy and protections for Sackler family members can move ahead
OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled
2023-07-26 03:55