Business

Reuters reports: Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a …

Bloomberg Law reports: General Mills Inc., a Kraft Heinz Co. unit, Kellogg Co., and Nestle SA for years likely overpaid for eggs because the nation’s largest producers and two trade groups conspired to restrict the supply, an Illinois federal jury decided on Tuesday. A US District Court for the Northern District of Illinois jury of nine men and three women …

Bloomberg News reports: In February 2019, Binance Holdings Ltd.’s then-Chief Compliance Officer Samuel Lim acknowledged that the cryptocurrency exchange was being used to funnel money to Hamas, explaining to a colleague that terrorists normally sent “small sums.” That apparently nonchalant attitude caught up with Binance and its chief executive officer, Changpeng Zhao [photo], on Tuesday. In announcing $4.3 billion in …

The Street reports: Elon Musk, who has more than 163 million followers, vehemently agreed with a user who accused Jews of pushing “hatred against whites.” Musk then criticized the Anti-Defamation League in part for pushing this so-called antiwhite racism. Musk never once provided evidence or examples behind these claims. Musk has since maintained that he is not antisemitic, going so …

Bloomberg News reports: Binance Holdings Ltd.’s Chief Executive Officer Changpeng Zhao arrived in Seattle federal court Tuesday to plead guilty to anti-money laundering charges under a sweeping deal worked out with the Justice Department designed to keep the company operating. Zhao agreed to step down as part of the settlement, which included the Treasury Department and the Commodity Futures Trading …

Reuters reports: Messaging platform X on Monday sued media watchdog group Media Matters, alleging the organization defamed the platform after it published a report that said ads for major brands had appeared next to posts touting Nazism. X, formerly Twitter, has faced growing outrage since Media Matters published the report on Thursday, which led IBM, Comcast and several other advertisers …

The Tampa Bay Times reports: Chick-fil-A is starting to deliver food by drone in the Tampa Bay area — so far only from one location within Hillsborough County. A Brandon-Valrico Chick-fil-A restaurant announced Monday on Facebook that it now has drone delivery service to locations within a 1.2-mile radius. The drone delivery fee is free for a limited time, according …

Forbes reports: X CEO Linda Yaccarino, the longtime NBC advertising executive tapped to bring back revenue and credibility to the company from big advertisers, is facing her own credibility crisis as advertisers halt spending over Elon Musk’s endorsement of antisemitic abuse on the social media platform. Forbes has confirmed that Yaccarino has been contacted by a groundswell of leading advertising …

Axios reports: Greyhound bus stations nationwide are closing and relocating outside central business districts after being acquired by an investment firm that rose to infamy for its acquisition and gutting of American newspapers. Greyhound has long been the brand most closely associated with intercity bus travel in the United States. Its stations, often architecturally and culturally significant, occupy prime downtown …

CNN reports: The Starship system made it much further into flight than the first attempt in April, but ultimately ended in another explosion. The rocket and spacecraft safely lifted off the pad, with the Super Heavy booster igniting all 33 of its engines. During the last attempt, multiple engines shut down prematurely. Then, the Super Heavy booster and Starship spacecraft …

The Guardian reports: Elon Musk has said he will be filing a “thermonuclear lawsuit” against Media Matters and others, after major US companies paused their adverts on his social media site over concerns about antisemitism. The media watchdog Media Matters said earlier this week that it found corporate advertisements by IBM, Apple, Oracle and Comcast’s Xfinity were being placed alongside …

The Hollywood Reporter reports: Major advertisers are pausing their ad campaigns on Elon Musk’s social media platform X, including Disney, which has Wish in the works on its release calendar for Nov. 22. Lionsgate also said that it would be pulling its ads from the platform, just as its Hunger Games prequel is hitting movie theaters. Warner Bros. Discovery also …

The New York Times reports: The blowback over Elon Musk’s endorsement of an antisemitic conspiracy theory on X gathered steam on Friday, as several major advertisers on his social media platform cut off their spending after his comments. Disney said it was pausing spending on X, as did Lionsgate, the entertainment and film distribution company. Apple, which had been on …

Axios reports: Apple is pausing all advertising on X, the Elon Musk-owned social network, sources tell Axios. The move follows Musk’s endorsement of antisemitic conspiracy theories as well as Apple ads reportedly being placed alongside far-right content. Apple has been a major advertiser on the social media site and its pause follows a similar move by IBM. The left-leaning nonprofit …

Reuters reports: IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white …

CBS News reports: Amazon.com is warning that scammers are just as eager as consumers to take advantage of holiday shopping deals, with bad actors trying to gain access to customers’ Prime accounts through scam emails, calls and texts. The online retailer said it has seen a surge in criminal activity involving the ecommerce platform as shoppers use Amazon to make …

Ars Technica reports: With Tesla’s first Cybertruck deliveries expected later this month, a now-deleted update to the electric carmaker’s terms of service said the firm could sue customers for $50,000 or more if they resell during the first year of ownership without first getting written permission from Tesla. The provision seemed designed to deter scalping for a car expected to …

The Insider reports: Grimes hired people to search high and low for her kids’ father, Elon Musk, to serve him with custody papers, according to court records obtained by Insider. The singer, whose legal name is Claire Boucher, is suing Musk for physical custody of their three children. A lawyer for Grimes filed a supplemental proof-of-service document last Friday, showing …

Spectrum Honolulu reports: The 14-year-old Trump International Hotel Waikiki is being rebranded as Wakea Waikiki Beach with a “monumental transformation” soon to be underway, according to developer and front desk owner Irongate and new designated manager LXR Hotels and Resorts. In separate news releases issued on Friday, Irongate and Trump Hotels announced what Trump Hotels termed a “significant buyout” of …

Reuters reports: One windy night at Elon Musk’s SpaceX facility in McGregor, Texas, Lonnie LeBlanc and his co-workers realized they had a problem. They needed to transport foam insulation to the rocket company’s main hangar but had no straps to secure the cargo. LeBlanc, a relatively new employee, offered a solution to hold down the load: He sat on it. …