Business

Meta Subpoenas Rivals In Search Of Trade Secrets

Bloomberg News reports: To defend itself against the federal government, Meta Platforms Inc. says it needs its rivals to divulge some of their most closely held secrets. Facebook’s parent company has so far subpoenaed 132 companies for documents, including Snap Inc., ByteDance Ltd.’s TikTok and the audio startup Clubhouse, and has warned that it may seek information from 100 more. …

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Twitter Shareholders Approve Musk’s Purchase Bid

CNBC reports: Twitter shareholders voted Tuesday to approve Elon Musk’s $44 billion bid to buy the company and take it private. The vote comes as Musk seeks to scrap the deal, casting doubt on Twitter’s self-reported percentage of fake accounts and alleging the company was not as forthcoming as it should have been with its explanation of the calculation. Twitter …

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Disney CEO: We Stood Our Ground Against The Haters

“We believe Disney is a place where people can come together with shared values of what an optimistic and ideal future can be. “We certainly don’t want to get caught up in any political subterfuge, but at the same time we also realize that we want to represent a brighter tomorrow for families of all types, regardless of how they …

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NRA Rages Over New Credit Card Code For Gun Sales

The Insider reports: Visa, MasterCard, and American Express will use a new code for gun shop purchases in US stores in a win for gun control advocates that has angered the NRA. “The ISO’s decision to create a firearm specific code is nothing more than a capitulation to anti-gun politicians and activists bent on eroding the rights of law-abiding Americans …

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Credit Card Companies Create Category For Gun Sales

The Associated Press reports: Payment processor Visa Inc. said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting. But the decision by Visa, the world’s largest payment processor, will …

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United Airlines To Purchase 200 Electric “Air Taxis”

The Verge reports: United Airlines is investing $15 million in Eve Air Mobility, an electric aviation startup owned by Brazilian aircraft manufacturer Embraer. As part of the deal, United will purchase 200 of Eve’s electric air taxis, which can seat four passengers and take off and land vertically like a helicopter. This is the second major investment from United in …

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VA Country Club Sorry For 9/11-Themed Special Menu

Washington DC’s ABC affiliate reports: A manager at a Manassas, Va. country club apologized on Facebook Tuesday after receiving backlash on a 9/11 special menu that included a Remember-tini, Flight 93 Redirect and Pentagon Pie. The menu has since been taken down online, but not before some people captured the menu and posted it to a private community Facebook group. …

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Apple Unveils Latest iPhone, Base Model Starts At $799

CNET reports: The iPhone 14 packs a 6.1-inch display, while the iPhone 14 Plus has a 6.7-inch screen. There are five colors, two rear cameras, and “all-day” battery life. The A15 Bionic powers the show, which Apple says is 18% faster. Both devices feature similar outer casings to the iPhone 12 and iPhone 13 models. Pricing for the iPhone 14 …

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Juul To Pay $438 Million For Marketing To Teenagers

The New York Times reports: Juul Labs has tentatively agreed to pay $438.5 million to settle an investigation by nearly three dozen states that focused on the company’s sales and marketing practices that they claim fueled the teenage vaping crisis. The investigation found that the company appealed to young people by hiring young models, using social media to court teenagers …

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Shareholders Reject Merger With Trump’s Truth Social

Reuters reports: The blank-check acquisition firm that agreed to merge with Donald Trump’s social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday. At stake is a $1.3 billion cash infusion that Trump Media & Technology Group, which operates the former U.S. president’s Truth Social …

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Meta Fined $400M For Violating EU Privacy Laws

The New York Times reports: Meta was fined roughly $400 million for breaking European Union data privacy laws for its treatment of children’s data on Instagram, the latest in a series of steps by authorities in Europe and the United States to crack down on what information is collected and shared by companies about young people online. European laws give …

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Bed Bath & Beyond CFO Jumps To His Death In NYC

The New York Post reports: The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned. Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the …

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Twitter Seeks Six Months Of Musk’s Text Messages

Bloomberg News reports: Twitter Inc. is asking a judge to order Elon Musk to turn over all of his text messages from the first six months of 2022, saying the billionaire wasn’t cooperating in exchanging evidence ahead of trial in the fight over his $44 billion buyout offer. The social-media company submitted the public proposed order in a Friday court …

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Twitter To Finally Offer Long-Demanded Edit Button

The New York Times reports: Begone typos and grammar mistakes! Begone fat-fingered auto corrected slip-ups and textual despair! The edit button is coming to Twitter. On Thursday, after countless pleas from many of its more than 237 million users, some people will start being able to click a button on the social media service to edit a tweet after they …

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Bed Bath & Beyond To Shutter 150 Stores [VIDEO]

Reuters reports: Bed Bath & Beyond Inc on Wednesday said it inked deals for more than $500 million in new financing and that it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. Investors, however, remain concerned that the retailer’s plan, announced in a strategic update, will do little …

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Pilot Threatens To Stop Flight Over Air-Dropped Nudes

The New York Daily News reports: A Southwest Airlines pilot helming a flight to Cabo San Lucas, Mexico, took to the plane’s intercom and threatened to return the aircraft to its departure gate at the airport if passengers didn’t stop sending nude photos to him via iPhone’s AirDrop feature. Through AirDrop, iPhone users are able to send digital files to …

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New York Stores Begin Enforcing Whipped Cream Law

The Albany Times-Union reports: Be prepared to show your ID at the grocery checkout if you want to buy whipped cream in a canister. In New York, the popular dessert topping has joined alcohol and tobacco products on the list of items age-restricted for purchase to those 21 and older, and proof of age is now required at the point …

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Gallup: Support For Labor Unions Highest Since 1965

The Hill reports: Seventy-one percent of Americans indicated support for labor unions in a Gallup poll released on Tuesday, the highest percentage since 1965. The increased support comes as workers at many major companies have pursued union campaigns. A Starbucks store in Buffalo, N.Y., became the company’s first U.S. location to unionize in December, and more than 200 stores have …

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Musk Again Tries To Terminate Deal To Buy Twitter

Axios reports: Elon Musk’s lawyers on Monday sent a second deal termination letter to Twitter, a follow-up to his initial termination notice in July, this time citing recent allegations made by a Twitter whistleblower. Why it matters: Musk’s legal team is trying to leverage the allegations made by former Twitter security chief Peiter Zatko last week to defend Musk’s attempt …

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Air France Pilots Suspended After Mid-Flight Fight

Bloomberg News reports: Two Air France pilots were suspended after coming to blows in the cockpit of an Airbus jetliner during a flight between Geneva and Paris, the latest safety issue to plague the airline. The mid-air dispute occurred in June, according to a spokeswoman for the carrier Saturday, who confirmed a report by La Tribune newspaper. The dispute turned …

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