A Foxboro woman's two-year struggle with a defective high-end oven underscores the enduring power of state consumer protection laws, even after a manufacturer's warranty expires.
New regulations in Quebec establish fixed, product-specific warranty durations for key household goods, shifting repair costs to retailers and manufacturers while imposing strict disclosure rules on sellers.
Sullivan & Cromwell advised on the highest-value deals in the consumer sector last year, while Kirkland & Ellis worked on the greatest number of transactions, according to new data from GlobalData.
The legal tech startup, which combines a network of human lawyers with proprietary AI, plans aggressive U.S. expansion following its Series B funding round led by Danaher co-founder Mitch Rales.
A coalition of 43 state attorneys general has filed a sweeping lawsuit accusing pharmaceutical giant Novartis and its former subsidiary Sandoz of orchestrating a massive bid-rigging scheme for 31 generic drugs, calling it one of the most brazen conspiracies ever uncovered in the industry.
A former high-ranking Starbucks executive has filed a lawsuit alleging wrongful termination after raising alarms about critical safety and hygiene issues with the company's new 'Siren System' equipment, including maggot infestations and fire hazards.
Amid warnings that China is pulling ahead in the autonomous vehicle race, U.S. lawmakers and industry leaders from Waymo and Tesla are pressing Congress to break a legislative logjam and accelerate the deployment of self-driving cars on American roads.
SLM Corp., the student lending giant, faces mounting class action lawsuits alleging it misled investors about loan delinquencies and risk controls. The legal storm coincides with the appointment of a new technology chief, spotlighting the firm's operational challenges.
A Senate hearing on Netflix's proposed $82.7 billion takeover of Warner Bros. revealed deep bipartisan unease, with lawmakers warning the deal could stifle competition, raise prices, and limit creative expression in an already consolidated streaming market.
Polish online marketplace Erli has launched a legal challenge against rival Allegro, accusing the e-commerce giant of anti-competitive pricing policies that allegedly force sellers to raise prices across the internet, potentially harming consumer choice.
Germany's beer market suffered its sharpest annual decline on record last year, with total sales plummeting 6% to 7.8 billion litres. The historic drop extends a decade-long slump, driven by weak consumer sentiment and soaring costs, though non-alcoholic options show a glimmer of growth.
While the retail sector has rallied on the back of digital innovation, not all companies are positioned to thrive. We examine three consumer stocks where valuation concerns and strategic risks prompt caution.
As consumer discretionary spending shows signs of strain, investors are scrutinizing company fundamentals more closely. We examine three prominent stocks where valuation and business model concerns suggest a cautious approach.
A coalition of New York prosecutors warns that the landmark GENIUS Act, celebrated as a regulatory breakthrough for stablecoins, lacks critical consumer protections, potentially allowing issuers to financially benefit from frozen or disputed funds while victims struggle for restitution.
McIlhenny Company, maker of Tabasco sauce, has sued Stoli Group USA, claiming the vodka giant's new 'Halapeño Pepper Vodka' unlawfully mimics the iconic hot sauce's packaging—a design initially proposed during failed partnership talks. The legal action intensifies as Tabasco launches its own competing spirit in collaboration with Absolut.
Polish online marketplace Erli has filed a lawsuit against dominant rival Allegro, alleging the platform abuses its market power to pressure sellers into maintaining higher prices on competing sites. Allegro denies the accusations, stating its seller benefit programs are voluntary.
Major music publishers have launched a massive copyright infringement lawsuit against AI company Anthropic, alleging its Claude AI was trained on a dataset of over 20,000 pirated songs, in a case that could redefine the rules for AI development.
Two Hasbro investors have filed a federal derivative lawsuit, accusing the company's leadership of deliberately overproducing Magic: The Gathering cards to mask weaknesses in other divisions, a move they claim devalued the collectible game and misled shareholders about its true financial health.
In a bold bid to more than double its consumer banking profits by 2030, Bank of America is overhauling credit card rewards, deploying AI, and redesigning branches. The ambitious $20 billion target, a rare feat in U.S. banking history, hinges on deepening relationships with its 69 million customers while navigating fierce competition and technological transformation.
Manufacturing giant Flex posted stronger-than-expected fourth-quarter results, driven by robust demand in data center infrastructure and industrial automation. While consumer electronics remain a weak spot, strategic shifts toward higher-value segments helped lift profitability.
