Glencore Made More Money Trading Commodities in Six Months Than It Expected All Year

LONDON—Commodities giant Glencore GLNCY -1.05% PLC said Friday it made more money trading oil, metals and other commodities in six months than it had expected to make all year, citing unprecedented volatility in markets in the wake of the global recovery from the pandemic and the invasion of Ukraine. Glencore said its trading division expects … Read more

Activision Says Top Executives Didn’t Ignore Harassment Reports

The review, conducted by independent directors on the Activision board’s Workplace Responsibility Committee and external advisers, also didn’t unearth any evidence to suggest that any senior executive or employee tried to conceal information from the board. “Contrary to many of the allegations, the Board and its external advisers have determined that there is no evidence … Read more

Massachusetts Court Blocks Gig-Worker Ballot Measure

The top court in Massachusetts blocked a ballot measure Tuesday that would have asked voters to classify gig workers as independent contractors rather than employees, saying the measure overreached by limiting gig companies’ liability in some situations. The decision is a setback for companies such as Uber Technologies Inc. UBER -2.23% and Lyft Inc. LYFT … Read more

Google Settles Gender Discrimination Lawsuit for $118 Million

Google agreed to pay $118 million to settle a lawsuit claiming the tech giant had discriminated against women in pay and promotions. The settlement concludes a class-action suit in San Francisco Superior Court initiated in 2017 by three female former employees who said that Google, a unit of Alphabet placed them in lower-job levels than … Read more

Former Theranos President’s Defense Rests in Criminal-Fraud Trial

SAN JOSE, Calif.—Lawyers for Ramesh “Sunny” Balwani called their second and final witness and rested their brief defense of the onetime Theranos Inc. executive charged with a dozen counts of criminal fraud. Mr. Balwani didn’t testify in his own defense. Thursday’s testimony from technical consultant Richard Sonnier brings the trial, which follows the conviction of … Read more

Supreme Court Rejects Forced Arbitration for Southwest Airlines Baggage Workers

WASHINGTON—The Supreme Court on Monday ruled unanimously that airline baggage handlers can’t be compelled to resolve employment disputes through individual private arbitration, bucking a trend of recent decisions making it easier for employers to avoid class-action lawsuits brought by workers. Writing for the court, Justice Clarence Thomas said baggage handlers expressly are exempted from the … Read more

Biotech Founder Arrested in Murder-for-Hire Scheme

The co-founder of Enochian BioSciences Inc. was arrested this week after being indicted on charges he was involved in a murder-for-hire scheme that led to the death of a Vermont man in 2018. Serhat Gumrukcu, 39 years old, was arrested on Tuesday after being charged by a grand jury with conspiring to commission a murder … Read more

Glencore Reaches Settlements With U.S., U.K., Brazil on Bribery, Market Manipulation

Glencore PLC said Tuesday it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the U.K. and conspiracy to violate U.S. anticorruption laws, resolving criminal probes into its global mining and trading business that have hung over the company for years. Glencore GLNCY 2.01% PLC said Tuesday … Read more

Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm

Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned by billionaire Prince al-Waleed bin Talal, further intertwining the government with a high-profile investor who was once detained by the state over corruption allegations. The Public Investment Fund agreed to pay Prince al-Waleed $1.51 billion for 16.9% of Kingdom Holding Co., a figure … Read more

Prosecution Rests in Trial of Former Theranos President Ramesh ‘Sunny’ Balwani

Prosecutors on Friday rested their case against Ramesh “Sunny” Balwani—the top deputy and confidant to Theranos Inc. founder Elizabeth Holmes —as the government seeks another fraud conviction against the leaders of the defunct blood-testing startup. Over nine weeks that included testimony from 24 witnesses in San Jose, Calif., prosecutors sought to convince a jury that … Read more