Groupon Inc ( GRPN ) reported fourth-quarter fiscal 2023 revenue of $137.7 million, beating the consensus of $136.7 million, and declining by 7% year-on-year. Adjusted EPS of $0.30 beat the consensus of $0.12. The stock price climbed after the results, only to give up gains later. North America revenue decreased 6% Y/Y to $99.9 million, driven by a decline in demand for...

WASHINGTON (Reuters) - Volkswagen Group of America's wholly owned finance unit has agreed to pay $48.75 million to resolve a government lawsuit that accused the German automaker and its former CEO of defrauding investors in U.S. bond offerings. The Securities and Exchange Commission filed a civil lawsuit in March 2019 accusing Volkswagen AG, two subsidiaries and former chief executive Martin...

WASHINGTON, March 15 (Reuters) - Volkswagen Group of America's wholly owned finance unit has agreed to pay $48.75 million to resolve a government lawsuit that accused the German automaker and its former CEO of defrauding investors in U.S. bond offerings. The Securities and Exchange Commission filed a civil lawsuit in March 2019 accusing Volkswagen AG, two subsidiaries and former chief...

09:27 AM EDT, 03/15/2024 (MT Newswires) -- Apple ( AAPL ) has settled for $490 million a class-action lawsuit alleging that Chief Executive Tim Cook defrauded investors, Reuters reported. The preliminary settlement was filed Friday with the US District Court in Oakland, California, and must be approved by a judge, Reuters said. The suit alleged Cook obscured data showing falling...