FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

Nov 23 (Reuters) – The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s … Read more

Thales confirms hackers have released its data on the dark web

Thales confirms hackers have released its data on the dark web

Nov 11 (Reuters) – French defense and technology group Thales (TCFP.PA) said on Friday data relating to the group has been released on the “publication platform” of the hacker group LockBit 3.0, confirming media reports. The data was released on Nov. 10, Thales, which provides advanced technologies in defence, aeronautics, space, transport and digital security, … Read more

FTC watching Twitter security execs exits with ‘deep concern’

FTC watching Twitter security execs exits with ‘deep concern’

Nov 10 (Reuters) – The US Federal Trade Commission said on Thursday it was watching Twitter with “deep concern” after the social media platform’s top privacy and compliance officers quit, potentially putting it at risk of violating regulatory orders. The company’s chief security officer Lea Kissner on Thursday in a tweet said that she quit. … Read more

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

Wall St loses over $200 billion in value after report from Amazon

Wall St loses over 0 billion in value after report from Amazon

Oct 27 (Reuters) – Over $200 billion in US stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon (AMZN.O) added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17% after the bell, wiping out $190 billion in market capitalization after … Read more

TikTok immune from lawsuit over girl’s death from ‘blackout challenge’ -judge

TikTok immune from lawsuit over girl’s death from ‘blackout challenge’ -judge

Oct 26 (Reuters) – TikTok Inc won dismissal of a lawsuit accusing it of causing the death of a 10-year-old girl by promoting a deadly “blackout challenge” that encouraged people to choke themselves on its video-based social media platform. US District Judge Paul Diamond in Philadelphia ruled Tuesday that the company was immune from the … Read more

A 1990s relic, floppy disks get second life at California warehouse

A 1990s relic, floppy disks get second life at California warehouse

LAKE FOREST, Calif., Oct 20 (Reuters) – It has been two decades since their heyday, but one bulk supplier of the iconic 3.5-inch floppy disk used to store data in 1990s says business is still booming. Tom Persky runs floppydisk.com, a California-based online disk recycling service that takes in new and used disks before sending … Read more

US Speaker Pelosi’s husband sold Nvidia, Micron options at a loss

US Speaker Pelosi’s husband sold Nvidia, Micron options at a loss

Oct 17 (Reuters) – US House Speaker Nancy Pelosi’s husband sold call options in chipmakers Micron Technology (MU.O) and Nvidia (NVDA.O) for a loss of under $1 million, according to a new transparency filing. In a periodic transaction report dated Friday, the senior Democrat disclosed that her husband, financier Paul Pelosi, lost $392,575 in the … Read more

Saga of Wall Street’s pandemic darlings ends with tears

Saga of Wall Street’s pandemic darlings ends with tears

Oct 12 (Reuters) – Think about something novel you started doing two-and-a-half years ago to make life easier during the COVID lockdown and chances today are that there is a related story about a stock market casualty. Add investor worries about soaring inflation and an economic slowdown that tipped Wall Street into a bear market … Read more

Microsoft says UK influenced by Sony in probing Activision Blizzard deal

Microsoft says UK influenced by Sony in probing Activision Blizzard deal

LONDON, Oct 12 (Reuters) – Microsoft (MSFT.O) said Britain’s competition regulator had relied on objections from its rival Sony (6758.T) in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “misplaced ‚Äúconcerns about ‘Call of Duty’. The Competition and Markets Authority (CMA) said last month that the acquisition could harm competition … Read more