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Microsoft gets more time from UK to plead case to buy video game maker Activision
Microsoft gets more time from UK to plead case to buy video game maker Activision
British antitrust regulators have extended their deadline to issue a final order blocking Microsoft’s $69 billion plan to buy video game maker Activision Blizzard
2023-07-14 20:54
Sam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trial
Sam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trial
By Luc Cohen NEW YORK Sam Bankman-Fried's fraud trial has featured dense testimony about computer code, cryptocurrency and
2023-10-09 18:15
US companies' debt cushion smallest since Q1 2021 :BofA
US companies' debt cushion smallest since Q1 2021 :BofA
By Matt Tracy Rising borrowing costs made a slight dent in U.S. companies' ability to make interest payments
2023-11-09 02:25
Virgin Money UK shuts 39 stores over fall in customer demand
Virgin Money UK shuts 39 stores over fall in customer demand
British lender Virgin Money UK said on Thursday it will close 39 stores as the company continues to
2023-07-21 00:21
Boston University Bucks Higher Ed Woes With 30% Application Boom
Boston University Bucks Higher Ed Woes With 30% Application Boom
Business is booming at Boston University, which is borrowing $224 million in the municipal bond market next week.
2023-06-17 00:27
Murmurs grow within Fed about tweaking 2% target once inflation recedes
Murmurs grow within Fed about tweaking 2% target once inflation recedes
By Michael S. Derby A couple of regional Federal Reserve presidents recently have signaled an openness to examining
2023-05-24 21:47
Lawyer apologizes for fake court citations from ChatGPT
Lawyer apologizes for fake court citations from ChatGPT
The meteoric rise of ChatGPT is shaking up multiple industries -- including law. A lawyer for a man suing Avianca Airlines apologized in court after at least six cases as research for a brief were bogus, made up by ChatGPT.
2023-05-28 04:19
Hedge Fund Hunts for Next Australia Lithium Winner on Deal Craze
Hedge Fund Hunts for Next Australia Lithium Winner on Deal Craze
A veteran Australian hedge fund manager is scoping out shares of potential takeover targets in the domestic lithium
2023-10-25 14:22
Daimler Truck raises 2023 guidance for revenue, profit
Daimler Truck raises 2023 guidance for revenue, profit
BERLIN Daimler Truck has raised its guidance for adjusted returns on sales in its industrial business to a
2023-07-11 04:22
Helbiz Signals New Profitable Chapter in U.S. Micro-Mobility with Tampa Introduction
Helbiz Signals New Profitable Chapter in U.S. Micro-Mobility with Tampa Introduction
NEW YORK--(BUSINESS WIRE)--Nov 13, 2023--
2023-11-13 22:54
Mexico's minimum wage will rise by 20% next year, to about $14.25 per day
Mexico's minimum wage will rise by 20% next year, to about $14.25 per day
Mexico's president says its minimum wage will rise by 20% in 2024, to the equivalent of about $14.25 per day
2023-12-02 01:53
Amazon staff spied on women in bedrooms and bathrooms through Ring cameras, US officials say
Amazon staff spied on women in bedrooms and bathrooms through Ring cameras, US officials say
An employee used Amazon’s Ring cameras to spy on female users in their bedrooms and bathrooms, according to US officials. Various staff members used the company’s smart home cameras – intended to allow people to watch their own homes when they are away – to watch people without their knowledge, according to the US Federal Trade Commission. Amazon settled for $5.8 million in this case, which said that one employee had watched 81 female customers and Ring employees through their cameras. The company has been hit by two substantial fines over violating users’ privacy. The other accused of breaching childrens’ rights by failing to delete Alexa recordings, even when requested by their parents, leading to a separate $25 million fine. The FTC is also probing Amazon.com’s $1.7 billion deal to buy iRobot Corp, which was announced in August 2022 in Amazon’s latest push into smart home devices, and has a separate antitrust probe underway into Amazon. Amazon, which purchased Ring in April 2018, pledged to make some changes in its practices. “While we disagree with the FTC’s claims regarding both Alexa and Ring, and deny violating the law, these settlements put these matters behind us,” Amazon.com said in a statement. The FTC said Ring gave employees unrestricted access to customers’ sensitive video data: “As a result of this dangerously overbroad access and lax attitude toward privacy and security, employees and third-party contractors were able to view, download, and transfer customers’ sensitive video data.” In one instance in 2017, an employee of Ring viewed videos made by at least 81 female customers and Ring employees using Ring products. “Undetected by Ring, the employee continued spying for months,” the FTC said. A colleague noticed the misconduct and the employee was eventually terminated, the FTC complaint said. In May 2018, an employee gave information about a customer’s recordings to the person’s ex-husband without consent, the complaint said. In another instance, an employee was found to have given Ring devices to people and then watched their videos without their knowledge, the FTC said. As part of the FTC agreement with Ring, which expires after 20 years, Ring is required to disclose to customers how much access to their data the company and its contractors have. In February 2019, Ring changed its policies so that most Ring employees or contractors could only access a customer’s private video with that person’s consent. FTC Commissioner Alvaro Bedoya told Reuters the settlements should send a message to tech companies that their need to collect data was not an excuse to break the law. “This is a very clear signal to them,” he said. The fines, totaling $30.8 million, represent a fraction of Amazon’s $3.2 billion first-quarter profit. In its complaint against Amazon.com filed in Washington state, the FTC said that it violated rules protecting children’s privacy and rules against deceiving consumers who used Alexa. For example, the FTC complaint says that Amazon told users it would delete voice transcripts and location information upon request, but then failed to do so. “The unlawfully retained voice recordings provided Amazon with a valuable database for training the Alexa algorithm to understand children, benefiting its bottom line at the expense of children’s privacy,” the FTC said. Additional reporting by agencies Read More Twitter’s head of trust and safety resigns from Elon Musk’s platform Mark Zuckerberg reveals new VR headset ahead of Apple AI chatbot taken down after it gives ‘harmful advice’ on eating disorders Twitter’s head of trust and safety resigns from Elon Musk’s platform Mark Zuckerberg reveals new VR headset ahead of Apple AI chatbot taken down after it gives ‘harmful advice’ on eating disorders
2023-06-02 14:18