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U.S. says gene testing firm gets 25-year ban in $42.6 million kickback settlement

12 days ago   |   By Reuters

A New Orleans-based genetics testing company and its three principals will pay $42.6 million to resolve charges they defrauded the federal government by paying kickbacks for referrals and billing for medically unnecessary tests, the U.S. Department of Justice said on Wednesday.
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Kevin Plank is stepping down as CEO of Under Armour

Kevin Plank is stepping down as CEO of Under Armour

Under Armour's Kevin Plank is stepping down as CEO of the business. Plank, who founded the company in 1996, will become executive chairman and brand chief. Patrik Frisk has... Read more ...

Hasbro tanks as trade-war tariffs and a pending acquisition bite into toy...

Hasbro tanks as trade-war tariffs and a pending acquisition bite into toy profits

Hasbro on Tuesday reported weaker-than-expected earnings and revenue for the third quarter, prompting shares to tumble as much as 11% in early trading. Profits saw increased... Read more ...

Biogen surges 40% after stunning reversal sees it revive plans for...

Biogen surges 40% after stunning reversal sees it revive plans for Alzheimer's treatment

Shares of Biogen surged more than 40% on Tuesday morning after the company announced plans to seek approval for an experimental Alzheimer's treatment called... Read more ...

Half the world's banks are too weak to survive downturn - McKinsey

Half the world's banks are too weak to survive downturn - McKinsey

A new survey from consultancy McKinsey & Co has found that a majority of banks globally may not be economically viable because their returns on equity aren't keeping pace with... Read more ...

Australian fintech Athena Home Loans is launching a new offering after a $70...

Australian fintech Athena Home Loans is launching a new offering after a $70 million funding round

This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To check to see if you already have access to Business Insider... Read more ...

How to remove a credit card from your PS4, and edit or add other cards to...

How to remove a credit card from your PS4, and edit or add other cards to make purchases from the PlayStation Store

It's easy to remove a credit card from your PS4 if you no longer want to store your information to make purchases. You can add up to three credit cards on a PS4 , and change... Read more ...

Lawmakers are getting ready to grill Facebook CEO Mark Zuckerberg over the...

Lawmakers are getting ready to grill Facebook CEO Mark Zuckerberg over the Libra cryptocurrency project. But they may not get the answers they're looking for

Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on October 23 to answer questions about his company's impact on the financial services... Read more ...

GOLDMAN SACHS: America's largest companies will spend $2.7 trillion of cash...

GOLDMAN SACHS: America's largest companies will spend $2.7 trillion of cash next year. Here are the 5 ways they'll use it

Companies within the S&P 500 are expected to grow cash spending by 2% to $2.7 trillion in 2020, according to a new analysis from Goldman Sachs. That figure stands in sharp... Read more ...

18 high-paying seasonal jobs that are hiring now

18 high-paying seasonal jobs that are hiring now

Black Friday and the holidays are quickly approaching - and with increased in-store and online purchases comes an added need for retail employees across all divisions. Some... Read more ...

Billionaire Ken Fisher's losses hit $1.8 billion after Fidelity reportedly...

Billionaire Ken Fisher's losses hit $1.8 billion after Fidelity reportedly drops him following his sexist comments

Billionaire money manager Ken Fisher has lost close to $1.8 billion in client funds after making sexist comments at a recent conference, according to CNBC . Asset manager... Read more ...