Genius Group Ltd (GNS) an edtech and education group, said Thursday it has appointed Timothy Murphy to lead a task force investigating alleged illegal trading in its stock that it first disclosed in early January. Murphy is a director and former deputy director of the F.B.I. The task force will include Richard Berman, also a Genius Group Director and chair of the Company’s Audit Committee, and Roger Hamilton, the CEO of Genius Group. Continue reading Advertisement Recommended...

Cinemark’s revenue falls 99% as theaters remain closed, and Mallinckrodt says it is looking at possible bankruptcy The U.S. case tally for the coronavirus illness COVID-19 rose by fewer than 50,000 on Monday for a second straight day, data aggregated by Johns Hopkins University showed, although cases were rising in some states that had seemed to have gotten the spread under control earlier this year. The U.S. added about 48,000 new cases on Monday, and 524 fatalities, boosting the death toll...

The sharp rally in Eastman Kodak Co.’s share price after news last week of a $765 million government loan to help it make drug ingredients at U.S. factories has offered shareholders and executives with stock options a tidy windfall. But they’re not the only ones to reap a reward from the increasing value of their holdings. On Monday, Kodak KODK, -3.61% disclosed that the holders of its 5.00% convertible notes due in 2021, which were issued in May 2019, had converted notes valued at a total of...

CVS Health Corp. shares CVS, +1.75% soared 3.8% in premarket trade Wednesday, after the drugstore chain trounced estimates for the second quarter and raised its full-year guidance despite the impact of the coronavirus pandemic on its operations. The company had net income of $2.986 billion, or $2.26 a share, in the quarter, up from $1.931 billion, or $1.49 a share, in the year-earlier period. Adjusted per-share earnings came to $2.64, well ahead of the $1.91 FactSet consensus. Revenue rose to...

The New York Times Co. NYT, +1.93% posted better-than-expected earnings for the second quarter on Wednesday, and said digital revenue exceeded print revenue for the first time. The newspaper group said it had net profit of $23.7 million, or 14 cents a share, in the quarter, down from $25.2 million, or 15 cents a share, in the year-earlier period. Adjusted per-share earnings came to 18 cents, ahead of the 3 cents FactSet consensus. Revenue fell 7.5% to $403.8 million from $436.3 million, but...