Company

Aramco's Carbon Emissions Could Be "Nearly Double" What The Company Discloses

It was no secret that leading up to Saudi Arabian Oil Co.’s IPO in 2019 that the company touted its low emissions compared to other producers. Chief Executive Officer Amin Nasser said while the company was doing its roadshows: “Not because our crude is cleaner than other crudes globally. It’s because of our standards. Even though…

Icahn Dumps $600 Million In Herbalife Back To The Company, Will Surrender 5 Board Seats

About 8 years after Carl Icahn famously entered the Herbalife fray, spurring a short squeeze that helped decimate Bill Ackman’s now-infamous $1 billion short against the company, Icahn appears to be making his exit. Icahn reportedly will be selling $600 million worth of his stake back to Herbalife and, as a result, will be relinquishing his…

Where Analysts Are Most Optimistic And Pessimistic On Company Ratings For 2021

With the end of the year just days away, Factset looked at where sellside analysts are most optimistic and pessimistic in their ratings for S&P 500 stocks for 2021, and also how have their views changed since the start of the COVID-19 pandemic? As Factset’s John Butters summarizes, there are a total of 10,361 ratings…

EFF to Ninth Circuit: Don’t Grant Immunity to Notorious Spyware Company

By Sophia Cope and Andrew Crocker EFF filed a brief in the U.S. Court of Appeals for the Ninth Circuit in support of WhatsApp’s lawsuit against notorious Israeli spyware company NSO Group. WhatsApp discovered last year that NSO Group had breached its systems and enabled NSO Group’s government clients to hack into the mobile phones…

Purdue Pharma Owners Were Wary Of Lawsuits Before Moving $10 Billion From Company

The Sackler family, owners of Purdue Pharma LP, have been front and center in the nation’s opioid crisis over the last decade. The crisis has taken over 450,000 lives since 1999 and prescription drugs like OxyContin and fentanyl have been the culprit in many cases. Purdue Pharma, maker of OxyContin, has been in the midst of bankruptcy…

Russia’s Largest Oil Company Is Spinning Off Key Assets

Submitted by Viktor Katona of Oilprice.com Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations would contend that it is poverty that is the mother of all arts – and both would mean more or less…

“Solarwinds123”: Hacked IT Company Used Weak Password, While Backdoor Access Peddled On Underground Forums

Hacked Texas-based IT infrastructure provider SolarWinds was warned over weak password security last year, after security researcher Vinoth Kumar discovered that the company used “solarwinds123” to protect their update server. “This could have been done by any attacker, easily,” said Kumar, according to Reuters. On Monday, SolarWinds confirmed that their flagship network management software, Orion,…

Tom Brady Got Million-Dollar PPP Loan For His Sportswear Company And A Yacht 

While thousands of small businesses were shut out of the Paycheck Protection Program earlier this year, NFL quarterback Tom Brady’s sports performance and nutrition company, TB12 Inc., received a loan from the federal government worth nearly one million dollars.  According to the Small Business Administration, TB12 was granted a $960,855 loan in April. The sportswear and…

NASDAQ To Require One Woman And One Minority Or LGBTQ On Company Boards

Today in “affirmative action for public company boards” news… In a move that does little to help either diversity or equality, NASDAQ is now pushing for SEC approval of a rule that would require public companies on its exchange to have at least one woman director and one “diverse” director – meaning a director that self-identifies…

This Company Wants To Put A Human-Size Hologram Booth In Your Living Room

Authored by Vanessa Bates Ramirez via SingularityHub.com, Over the last several months we’ve gotten very used to communicating via video chat. Zoom, FaceTime, Google Hangouts, and the like have not only replaced most in-person business meetings, they’ve acted as a stand-in for gatherings between friends and reunions between relatives. Just a few short years ago,…

Controversy Intensifies Over Danish ‘Zombie Minks’ As Company Behind Botched Covid-Culling Identified

A Danish company behind a botched culling of 17 million minks which appeared to ‘rise from the dead’ has been identified. Copenhagen-based International Service System (ISS) was tasked with the mass burial of the culled minks, which were infected with a mutated form of COVID-19. Controversy erupted however after the minks appeared to rise from…

TikTok-Mansions-For-Top-Influencers Company Goes Public

“Strike while the iron is hot,” the 15th-century proverb from the Medieval Times states. That’s what one New Jersey-based real estate firm that provides TikTok influencers with mansions has done through an unusual reverse takeover deal to go public.  On Nov. 12, West of Hudson Group Inc., the sole owner of “The Clubhouse,” a real estate portfolio…

FBI Investigating “Orgasmic Meditation” Company For Sex Trafficking, Prostitution, & Violation Of Labor Laws

Because here at ZeroHedge, we always like to ask the hard hitting questions, back in 2019 we wrote about whether or not a company in the business of “orgasmic meditation” was really just a prostitution sex cult. Apparently the FBI is now asking that same question. In our 2019 article, we focused on OneTaste – a controversial “business”…

Israeli Company Wants To Play Music Inside Your Head With Directed Sound Technology Without Headphones

By Aaron Kesel A new technology called “sound beaming” developed by Noveto Systems allows listeners to hear music or sound without wearing headphones. All that is needed is a simple device which tracks the ear and sends it audio using ultrasonic waves, creating personal listening experiences inside of a sound bubble, Times Of Israel reported….

How Quibi’s Boomer Execs Sabotaged A $2BN Company By Being Completely Out Of Touch

the downfall of Quibi has created an interesting counterpoint to the fall of Theranos. Though the companies were situated in very different industries, the Theranos story centers around a young woman who treacherously conned investors, journalists and even some of her own employees, before a small group of rebels gave the story up to the…

Company Wants to Replace 5G Towers with Aircraft Equipped with Antennas Producing 480 Individual Steerable Beams

By B.N. Frank Opposition and warnings continue to increase about tens of thousands of satellites and similar vehicles being launched for blasting 5G and WiFi at Earth (see 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15), global surveillance, and other purposes. Many entities are responsible for this. Now…

Face coverings on public transport ‘must be enforced by police, not us’ says transport company. They are actually unenforceable, that’s the reality

What has been announced by the Government? Face coverings will be compulsory on all public transport from Monday 15 June. What do I need to do? Everyone must wear a face covering when making a journey and this is a condition of travel. Where do I wear the face covering? On board all trains, buses…