NEWARK, N.J. Olympus Corp., the nation’s largest distributor of endoscopes and related equipment, will pay $646 million to resolve separate criminal and civil investigations into kickbacks and foreign bribery, company and federal officials announced Tuesday.
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PALO ALTO, Calif. Nike co-founder Phil Knight is donating $400 million to Stanford University to help create the largest fully-endowed scholarship in the world with the goal of preparing a new generation of global leaders, university officials said Wednesday.
LONDON Buying luxury clothes online right off the runway. Trying them on virtually. Not having to wait months for the new collection to ship.
NEW YORK In one of the most exhaustive and damning reports on diversity in Hollywood, a new study finds that the films and television produced by major media companies are “whitewashed,” and that an “epidemic of invisibility” runs top to bottom through the industry for women, minorities and LGBT people.
WASHINGTON Battling in intense public broadsides, Apple Inc. and the government are making their cases before anyone steps into a courtroom over a judge’s order forcing Apple to help the FBI hack into an iPhone in a sensational terrorism case.
LOS ANGELES A Los Angeles hospital paid a ransom in bitcoins equivalent to about $17,000 to hackers who infiltrated and disabled its computer network, the medical centre’s chief executive said Wednesday.
MONTREAL Air Canada has signed a letter of intent to purchase 45 of Bombardier’s CS300 aircraft with options for an additional 30 planes.
Based on the list price of the CS300, Bombardier (TSX:BBD.B) says a firm order would be worth about $3.8 billion.
NEW YORK ‚Bombardier says it is cutting approximately 7,000 jobs, or about 11 per cent of its total workforce.
The company said the 7,000 job cuts will include production and non-production employees, with 2,000 of the positions being contractors. It has 64,000 employees globally.
SACO, Maine America’s lobster industry is sending less of its catch to Canada as processing grows in New England, and the growth could have widespread ramifications for consumers who are demanding more lobster products every year.
NEW YORK A national retailer sold Chinese-made flooring that emits hazardous levels of formaldehyde, a federal investigation found.