Articles by Jonathan Stempel

Not All Analysts Still See Berkshire Hathaway As a Buy

Two longtime analysts of Berkshire Hathaway Inc. appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend’s shareholder extravaganza. Jay Gelb of Barclays Capital, who rates …

Yahoo Data Breach Settlement Revised to $117.5 Million

Yahoo has struck a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history. The proposed class-action settlement made public on Tuesday was designed to address …

Motel 6 Pays $12 Million to Settle Suit Over Providing Guest Lists to U.S. Immigration

Motel 6 agreed to pay $12 million to settle a lawsuit in which Washington state’s attorney general said the chain routinely provided guest lists to U.S. Immigration and Customs Enforcement (ICE) agents. Attorney General Bob Ferguson, who announced the settlement …

U.S. Judge Finds No Liability for European Banks in Iran Terrorism Financing

A U.S. judge has dismissed a lawsuit seeking to hold nine large European banks liable for allegedly providing banking services to Iran that enabled militants to conduct 55 attacks against U.S. armed forces in neighboring Iraq. In a decision on …

Judge Allows Suit Over Nestle Claim Its Poland Spring Water Is From Natural Spring

A federal judge on Thursday rejected Nestle SA’s bid to dismiss a revised lawsuit claiming that it defrauded consumers by filling bottles of its Poland Spring water with ordinary groundwater. U.S. District Judge Jeffrey Alker Meyer said consumers from eight …

Court Rules Dating App Not Liable for Harassing Content

A U.S. federal appeals court refused to hold Grindr liable to a New York man who said his former boyfriend used the gay dating app to post fake profiles, in a harassment campaign that caused more than 1,000 men to …

Berkshire Hathaway’s Vice Chairmen Jain, Abel Each Made $18 Million in 2018

Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed …

Stanley Black & Decker in Craftsman Trademark Dispute with Sears

Sears is back into court, less than one month after emerging from bankruptcy protection. The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line …

BlackBerry Files Patent Infringement Claims Against Twitter

BlackBerry Ltd. on Wednesday filed a patent infringement lawsuit accusing Twitter Inc. of illegally using technology in its mobile messaging applications that had been developed by the former smartphone maker. The lawsuit said Twitter wrongly sought to compensate for being …

JPMorgan Found Not Responsible for Broker’s Suicide

A federal judge in Manhattan on Tuesday dismissed a wrongful death lawsuit against JPMorgan Chase & Co. by the estate of a former top broker, who it said committed suicide after being forced into retirement. U.S. District Judge John Keenan …