Business - Page 3

Meta ordered to pay $375 million in New Mexico trial over child exploitation, user safety claims

By Reuters A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms. The jury found that Meta violated New Mexico’s consumer protection law and ordered the company to pay $375 million in civil penalties. “We respectfully disagree with the verdict and will appeal.” a Meta spokesperson said in a statement. “We work hard to keep people safe on our platforms and are clear about the challenges

FCC green-lights Nexstar’s $6.2B merger with rival TV station owner Tegna

By Daniel Arkin The Federal Communications Commission has signed off on broadcast station owner Nexstar’s $6.2 billion deal to acquire rival company Tegna, a merger that would create the largest operator of local television stations in the country. In a news release Thursday, FCC Chairman Brendan Carr said the agency waived a rule that bars a single company from owning TV stations reaching more than 39% of U.S. households. The combined entity would cover at least 60%. “Waiving that rule here is consistent with longstanding FCC authorities and doing so promotes the underlying purpose of the FCC’s media regulations by promoting

Sally Beauty Expands “Rooted in Success” Campaign with Nationwide HBCU Student Programming

The 13-stop HBCU campus tour brings products, education, and representation directly to students PLANO, Texas,  Sally Beauty, the industry-leading destination for professional-quality hair color, hair care and nails, announces the continuation of its Rooted in Success campaign. Launched in 2024, the platform is dedicated to uplifting and celebrating community along with the next generation of beauty. Building on the momentum from the retailer’s partnership with Impressions of Beauty in 2025, Sally Beauty is expanding its impact by reaching 13 Historically Black Colleges and Universities (HBCUs) with additional student-focused activities happening through June. This year’s Rooted in Success campaign will be further amplified in collaboration with ESSENCE magazine.

Oklahoma lawsuit alleges secret scheme by State Farm to cheat homeowners

By Laura Jarrett and Abigail Brooks BROKEN ARROW, Okla. — Billy Hursh couldn’t believe what he was hearing from his insurance company. After a hailstorm battered his roof in October 2023, two different contractors told him he needed a full roof replacement, but his insurance company, State Farm, told him the roof was in “fair” condition. That dispute eventually led to what would become a yearslong legal battle that has now reached the highest court in the state. Hursh told NBC News during an interview at his home that the first storm was bad enough, but eight months later, an even bigger storm

Paramount Skydance plans to merge Paramount+ and HBO Max platforms

By Daniel Arkin Paramount Skydance plans to combine Paramount+ and HBO Max into one streaming service after it officially takes over Warner Bros. Discovery, the company’s top executive announced Monday. “We do plan to put the two services together, which today gives us a little over 200 million direct-to-consumer subscribers,” Paramount Skydance CEO David Ellison said during an investor call early Monday. “We think the combined offering, given the amount of content and what we can do from the tech side, really will put us in a position to be able to compete with the most scaled players” in the direct-to-consumer

BLACK WALL STREET 2.0: HBCU Business Scholars Predict the Next Era

LANGSTON, OK, UNITED STATES- As wars in Gaza and between Russia and Ukraine continue to reshape global energy and supply chains, tariffs intensify trade friction, and organizations race to deploy artificial intelligence at scale, the Langston University School of Business (LUSB) has released a set of 2026 predictions focused on entrepreneurship, leadership, and trust in a disrupted economy. Led by Dean Dr. Daryl D. Green, LUSB has convened a group of 20+ practitioner-scholars and business experts from across the country—a network reflecting the school’s distinctive approach: most faculty are active practitioners who teach while building companies, advising organizations, and working in

Career Communications Group at a Crossroads; Workforce Retrenchment Amid Shifting National Priorities

For more than four decades, Career Communications Group (CCG) has stood at the intersection of talent, opportunity, and national competitiveness. As publisher of US Black Engineer & Information Technology, Hispanic Engineer, Women of Color, Science Spectrum magazines, and convener of the BEYA STEM Conference—founded and sponsored by the Council of Engineering Deans of HBCUs—CCG has built a national bridge connecting employers with high-performing students and professionals from Historically Black Colleges and Universities (HBCUs) and major institutions across the country. Today, that bridge is under strain. CCG has furloughed approximately 40 percent of its staff following a significant pullback in corporate

Supporting HBCU students: How the McDonald’s Black & Positively Golden Scholarship is giving back

A fast-food chain’s commitment to the community runs deeper than just providing a quick meal. McDonald’s USA has teamed up with the Thurgood Marshall College Fund to help HBCU students begin and further their higher education journeys. The Black & Positively Golden Scholarship Program began in 2020. Annually, Sixty scholars across 57 institutions will be awarded up to $15,000 each for the 2026-2027 academic year. Students interested in applying must meet the following eligibility requirements: Be enrolled full-time as an undergraduate freshman, sophomore, junior, or senior attending an HBCU during the 2026-2027 academic year Have a current cumulative grade point

Supreme Court ruling against Trump tariffs will offer relief, business owners say

By Megan Cerullo Business owners said that a Supreme Court ruling on Friday striking down sweeping U.S. tariffs could spell relief by lowering their costs and potentially leading to refunds. The high court ruled that President Trump does not have the authority to impose levies on imports under the International Emergency Economic Powers Act, or IEEPA. Mr. Trump last year invoked the 1977 law to impose tariffs on dozens of U.S. trade partners, claiming that trade deficits and the flow of fentanyl and other illegal drugs into the U.S. constitute national emergencies. Beth Benike, co-founder of  Busy Baby, which makes mealtime accessories for babies,

Hackathon looks to equip Alabama HBCU student startups for future success

Matt Hottle, co-founder and partner of Redhawk Advisory, spoke to Hackathon finalists about what it takes to be ready to seek venture capital. (Contributed) “I hope I provided a good idea of how venture capital works,” said Hottle. “It’s important that they recognize when they are reaching a stage where they should become interested in that.” Presented by Innovate Alabama and The Alabama Collective, in partnership with the Alabama Power Foundation, the all-day Hackathon completed a process that started last fall, with a challenge to students at Alabama’s historically Black colleges and universities (HBCUs) to propose responsible, AI-driven solutions to public safety issues

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