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News Corp’s UK papers settle phone-hacking claims with high-profile figures

News Corp’s UK papers settle phone-hacking claims with high-profile figures

LONDON, Dec 5 (Reuters) – News Corp’s British newspaper group on Tuesday settled a series of claims of phone-hacking brought by celebrities and other individuals, including a “Spice Girl” and a former minister who said he was targeted because he was a political opponent. News Group Newspapers (NGN), the publisher of the Sun daily and...

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DeSantis board accuses Disney of controlling previous one with gifts

DeSantis board accuses Disney of controlling previous one with gifts

Dec 4 (Reuters) – The board appointed by Florida Governor Ron DeSantis to oversee Walt Disney’s (DIS.N) theme parks accused the company of giving a previous local board and its employees millions of dollars’ worth of tickets, discounted hotel stays, merchandise and other benefits that were “akin to bribes of public officials.” “For years, the...

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Deutsche Bank to review Postbank tech migration – Handelsblatt

Deutsche Bank to review Postbank tech migration – Handelsblatt

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing Rights BERLIN, Dec 4 (Reuters) – Deutsche Bank’s supervisory board has tasked its auditor EY with reviewing the Postbank IT integration, which has caused numerous customer complaints due to disruptions, Handelsblatt reported on Monday. The result could...

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Tech firms, Wall Street lead job cuts in Corporate America

Tech firms, Wall Street lead job cuts in Corporate America

Dec 4 (Reuters) – Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com (AMZN.O) and Wall Street banks including Goldman Sachs (GS.N) to slash thousands of jobs in a quest to rein in costs. Many companies such as Meta Platforms (META.O) even resorted to more than one...

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Perez gets formal warning for calling F1 stewards ‘a joke’

Perez gets formal warning for calling F1 stewards ‘a joke’

[1/2]Formula One F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – November 25, 2023 Red Bull’s Sergio Perez before practice REUTERS/Rula Rouhana Acquire Licensing Rights ABU DHABI, Nov 26 (Reuters) – Red Bull’s Sergio Perez was given a formal warning for calling Formula One stewards “a joke” over...

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‘A lot quieter’ Black Friday brings out discount-hunters

‘A lot quieter’ Black Friday brings out discount-hunters

NEW YORK/LONDON/RALEIGH, N.C., Nov 24 (Reuters) – Shoppers took to stores across the world on a Black Friday that appeared to be subdued compared to prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers. Brokerage TD Cowen lowered its U.S. holiday spending...

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Businesses, tech groups warn EU against over-regulating AI foundation models

Businesses, tech groups warn EU against over-regulating AI foundation models

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights BRUSSELS, Nov 23 (Reuters) – Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI rules as this could kill nascent...

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A Thanksgiving tradition returns: busy roads, crowded airports

A Thanksgiving tradition returns: busy roads, crowded airports

[1/10]People go to their flight gates ahead of the Thanksgiving holiday at O’Hare International Airport in Chicago, Illinois, U.S. November 22, 2023. REUTERS/Vincent Alban Acquire Licensing Rights Nov 22 (Reuters) – Millions of Americans crowded into airports or hit the road on Wednesday ahead of Thanksgiving Day, creating the busiest travel day since the pandemic...

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Blackstone and Permira to buy Adevinta for about $13 bln

Blackstone and Permira to buy Adevinta for about $13 bln

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing Rights Nov 21 (Reuters) – Permira and Blackstone (BX.N) on Tuesday said that they will acquire eBay-backed online classifieds group Adevinta ASA (ADEA.OL) for about 141 billion Norwegian crowns ($13.06 billion)....

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Lionsgate suspends advertising on X

Lionsgate suspends advertising on X

The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Nov 17 (Reuters) – Lions Gate Entertainment (LGFa.N) has suspended advertising on Elon Musk-owned X, a spokesperson for the company said on Friday. Apple...

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US consumer watchdog hands Wall Street rare win with Big Tech crackdown

US consumer watchdog hands Wall Street rare win with Big Tech crackdown

Nov 17 (Reuters) – The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf. The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders...