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Amazon stock falls as FTC prepares ad-pricing lawsuit
InvestorsHub18d agobearish
Amazon stock falls as FTC prepares ad-pricing lawsuit

Key takeawaysThe FTC and more than 20 state attorneys general reportedly plan to sue Amazon over its advertising-auction practices. Regulators are expected to allege that undisclosed price floors increased advertisers’ costs and generated tens of billions of dollars for Amazon.

China launches year-long auto quality drive, mandates defect recalls
Reuters23d agobearish
China launches year-long auto quality drive, mandates defect recalls

BEIJING, Aug 27 () - Chinese regulators on Thursday ordered automakers to file proactive recall plans for any defects uncovered in self-audits, ‌as part of a year-long campaign to improve vehicle quality ‌and safety in the world's largest auto market. Tesla and eight Chinese electric vehicle makers ​on August 21 announced fixes affecting a combined 4.

What Is Intuit (INTU) Facing In This New Investor Lawsuit?
Simply Wall St.26d agobearish
What Is Intuit (INTU) Facing In This New Investor Lawsuit?

Intuit (NasdaqGS: INTU) and several top executives face a new class action lawsuit alleging they misled investors about generative AI competition and Mailchimp performance. The complaint claims Intuit understated the competitive threat from generative AI tools and misrepresented trends in Mailchimp's business. Plaintiffs have expanded the suit to cover a longer class period, building on earlier litigation focused on similar issues. The case raises fresh questions about Intuit's disclosures...

The Morning Risk Report: L3Harris Ousts CEO After Investigation Into Conduct
The Wall Street Journal32d agobearish
The Morning Risk Report: L3Harris Ousts CEO After Investigation Into Conduct

L3Harris Technologies, the company that overhauled a Qatari plane now used as Air Force One, has replaced Christopher Kubasik as chairman and chief executive after an investigation determined he violated the defense contractor’s code of conduct. Kubasik’s alleged conduct didn’t involve and has no impact on the Melbourne, Fla., company’s financial reporting, controls, customer relationships or operational performance, L3Harris said Monday. Explanation: The company didn’t give details on when it received a report of the potential violation.