Stock hijacker Mark Miller pleads guilty in over-the-counter market shell company pump-and-dump scheme

A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their … Read more

Elizabeth Holmes knew machines weren’t working, former Theranos lab director testifies

Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, U.S., on Wednesday, Sept. 22, 2021. Davie Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A former lab director at Theranos acknowledged on Friday that he had plenty of opportunities to address his concerns about the company’s … Read more

Huawei CFO Meng Wanzhou to be released after agreement with U.S. in wire fraud case

Huawei chief financial officer Meng Wanzhou arrives at British Columbia Supreme Court with her security detail for the afternoon session of her extradition hearing, August 4, 2021 in Vancouver, Canada. Don MacKinnon | AFP | Getty Images The chief financial officer of Chinese tech firm Huawei will be released and allowed to return to China … Read more

Boeing to Pay $25 Million in Drone Settlement

Boeing Co. ’s drone unit has agreed to pay $25 million to settle civil-fraud allegations that it overcharged on more than half a dozen contracts signed with the U.S. Navy and special forces between 2009 and 2017. Announced Tuesday by the Justice Department and Pentagon investigative agencies, the settlement stems from whistleblower claims by a … Read more

U.S. Charges Six Russian Intelligence Officers With Hacking

WASHINGTON—Federal prosecutors unsealed charges against six Russian intelligence officers accused of engaging in some of the most destructive cyberattacks of recent years, including operations that knocked out Ukraine’s energy grid, exposed emails from the French president’s party and damaged global systems in the costly 2017 NotPetya attack. The prolific hacking unit within Russia’s military intelligence … Read more

‘Fortnite’ Will Remain Out of Apple’s App Store Ahead of Trial, Judge Rules

A California federal judge said Apple Inc. AAPL 1.74% doesn’t have to return the popular videogame “Fortnite” to its App Store but maintained that the tech giant can’t block the game’s creator from accessing its critical software development tools. The ruling Friday on Epic Games Inc.’s motion for a preliminary injunction yielded a split decision … Read more

Facebook Says Government Breakup of Instagram, WhatsApp Would Be ‘Complete Nonstarter’

A government effort to break up Facebook Inc. FB -2.51% from Instagram and WhatsApp would defy established law, cost billions of dollars and harm consumers, according to a paper company lawyers have prepared in the wake of rising antitrust legal threats. The 14-page document, reviewed by The Wall Street Journal, offers a preview of the … Read more

Everybody vs. the App Store: Why Companies Are Taking Issue With Apple’s Growing Revenue Engine

A host of companies, including Facebook Inc., Spotify Technology SA and “Fortnite” maker Epic Games Inc., are challenging the way Apple Inc. AAPL 3.75% runs its App Store. The App Store generates at least $15 billion in annual sales for the tech giant, according to analysts’ estimates. Critics say Apple takes too big a cut … Read more

TikTok’s Fate Coming to a Head

This weekend could be pivotal for TikTok and its partners, who are working to avert a looming U.S. ban on downloads of the popular video-sharing app and see through a deal that meets the approval of the American and Chinese governments. A week after that preliminary deal was struck, it is still hard to predict what … Read more

WSJ News Exclusive | Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis

Boeing Co. BA 6.83% ’s board is accused of failing to properly oversee management’s responses to two fatal 737 MAX crashes and the plane’s safety problems in a shareholders’ lawsuit that cites internal company documents. The suit, filed earlier this month in a Delaware state court, claims former Chief Executive Dennis Muilenburg misled what the … Read more