Business

Seven years after eBay employees sent live cockroaches, a fetal pig and a funeral wreath to a Massachusetts couple who wrote a newsletter about the company, the case has settled. Companies normally indemnify executives and absorb the damage quietly. This settlement names three of them, and Devin Wenig is personally paying $2 million plus $1 million to a First Amendment charity in Ina Steiner's name.

Ford beat on earnings and raised full-year guidance, and the stock rose. Underneath: Model e lost $919 million on about $1 billion of revenue, an EBIT margin of -89.6%, and the company booked $4.2 billion in charges to unwind its battery joint venture and kill EV programs. The entire electric strategy now rests on a $30,000 pickup nobody has seen.

Paramount Skydance intended to close its $111 billion acquisition by the end of September. It has now agreed not to close until five days after an antitrust trial, or June 1, 2027, whichever comes first. The unusual part isn't the delay — it's that the Justice Department cleared this deal in June, and twelve states are prosecuting the case Washington declined to bring.

Headlines are telling Costco shoppers they could be owed money. Most of them are not. The settlement covers people who were Washington State residents when they received a Costco marketing email between June 2021 and July 2026. No receipts required, but you have to file — and there is only one legitimate place to do it.

Nigeria's naira firmed to around ₦1,368 at the official window on July 24 while the parallel market sat near ₦1,415 — a gap far narrower than in past years. Reuters-polled traders still expect the naira, Ghana's cedi and Uganda's shilling to weaken, with Middle East fighting pushing crude higher.

Waymo will launch its own app in both cities in January 2028, ending three years of routing those markets solely through Uber. Uber has cited unsustainable economics and safety incidents it says Waymo was not forthcoming about. The FT reports Waymo is weighing a full exit.

King Jr. Kids' Meals now come with one of six PAW Patrol toys — Chase, Marshall, Rubble, Skye, Rex and Rhubarb the T-Rex — timed to 'PAW Patrol: The Dino Movie,' which opens August 14.

The triple-hormone drug produced up to 20.8% weight loss in people with type 2 diabetes and 22.6% in people with severe obesity and heart disease. Lilly will file with the FDA in early 2027. The cardiovascular numbers, though, are not the clean result the weight numbers are.

Verizon will supply more than $1 billion in dark-fiber connectivity for Google's AI data centers, CEO Dan Schulman said Friday, framing it as the first of several infrastructure agreements he expects to be worth multiple billions in revenue. The deal landed alongside raised full-year guidance.

The Google parent burned through $5.9 billion in the second quarter — its first cash burn on record — even as Google Cloud grew a record 82%. With Microsoft, Meta and Amazon reporting next week, investors are bracing for more of the same.

Midwest Poultry Services is pulling white and brown cage-free shell eggs produced in Texas after they were flagged for potential Salmonella Enteritidis. No illnesses have been linked so far — here's what to check in your fridge.

Nike is cutting off hundreds of online distributors in China and funneling buyers into its own branded storefronts — a high-stakes bet to rebuild the brand in a market where its sales are sliding and local rivals are surging.

The new duties take effect just after midnight Friday, replacing a blanket tariff Congress let expire. The administration says they punish countries that fail to block forced-labor imports; critics call the rationale a legal workaround unlikely to survive court challenge.

First-time unemployment applications fell by 22,000 last week, the biggest drop in three months, defying forecasts of a rise. But the record-low figure says as much about a shrinking pool of available workers as it does about a booming economy.

There was no announcement — Apple simply changed the numbers on its website on a Friday. Apple Music's first increase in nearly four years is now live, and it isn't the only price going up across the company's lineup.

Cracker Barrel is walking away from the fast-casual biscuit chain it bought years ago: 35 Maple Street locations and the brand name go to a rival, the remaining 16 close for good, and the company raised its profit outlook on the way out.

Netflix beat on profit and cleared $12.6 billion in quarterly revenue. Then its stock fell 8%. The gap between those two facts is the most important thing streaming's biggest company said all quarter.