Articles by Jonathan Stempel

Southern California Edison to Pay $80M to US Over 2017 Wildfire

Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the Department of Justice said. The accord …

Eggland’s Best Is Sued Over Saturated Fat Claims for Its Eggs

Eggland’s Best, one of the largest U.S. egg producers, has been sued for falsely claiming that its eggs contain less saturated fat than other eggs. The proposed class action filed on Tuesday in federal court in Chicago by Richard Vilchis …

Nvidia Is Sued by Authors Over AI Use of Copyrighted Works

Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O’Nan said their works were part of …

Berkshire Unit Added to Lawsuit Over Inflated Real Estate Commissions

A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of conspiring to keep real estate commissions artificially high nationwide. The complaint filed in a Kansas City, …

JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle

Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A successful deal would have created the fifth-largest carrier …

US Judge Says Google Must Face Some Advertisers’ Antitrust Claims, Dismisses Others

Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some other antitrust claims, including those focused on ad-buying tools …

Lawsuit by Elon Musk’s X Against Hate Speech Watchdog Heads to Court

A U.S. judge on Thursday will consider whether to dismiss X Corp’s lawsuit against a nonprofit that has criticized a rise in hate speech on the social media platform once known as Twitter since Elon Musk took it over. X …

Southern California Edison to Pay $80M to US Over 2017 Wildfire

Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the Department of Justice said on Monday. …

Warren Buffett Says Berkshire ‘Built to Last’ Though Eye-Popping Gains Are Over

Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime second-in-command Charlie Munger. In his widely-read annual letter to …

Woman Drops Lawsuit Alleging Billionaire Financier Raped Her

A woman who accused billionaire Leon Black of raping her two decades ago at the Manhattan mansion of disgraced financier and sex offender Jeffrey Epstein has ended her lawsuit against the Apollo Global Management co-founder. Cheri Pierson dismissed her claims …