Skydance boss David Ellison to chop Paramount’s three-headed CEO structure after merger: report
David Ellison, son of Oracle billionaire Larry Ellison who will run the combined company as chairman and CEO, is planning changes at Paramount.
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Simon & Schuster staffers slam ‘Scrooge’-like owner KKR for canceling Christmas party: ‘They are being cheap’
The century-old American publishing house was snapped up by New York private equity firm KKR, once dubbed 'the Barbarians at the Gate'
Crypto mogul Alex Mashinsky pleads guilty after Celsius implosion
Federal prosecutors said he misled customers of Celsius to persuade them to invest, and artificially inflated the value of his company's proprietary crypto token.
Mom sues Mattel over ‘Wicked’ dolls with porn website link after daughter visited site
The plaintiff said her daughter showed her hardcore photographs from the website and both were "horrified" by what they saw, suffering emotional distress.
Elon Musk’s SpaceX could be valued at a whopping $350B in sale of insider shares: report
The tender offer – in which employees and early investors are allowed to sell shares at a specific time and price – would mark a rapid jump in value for SpaceX.
Bad news for rich stoners: Jay Z's luxury cannabis line on its last legs
Anyone hoping to spend a chill night in, spinning “Watch the Throne” on their turntable, while inhaling $50 of Jay Z-branded weed is, regrettably, out of luck: After four years of operations, it appears that the hip hop mogul’s cannabis brand has gone bust. Read more...
Meta CEO Mark Zuckerberg wants an 'active role' in Trump administration tech policies
With Tesla ( TSLA ) and SpaceX chief executive Elon Musk solidifying his role in the incoming Donald Trump administration, another tech leader is looking to stay in the president-elect’s good graces. Read more...
McDonald's E.Coli case is closed
The E. coli outbreak linked to McDonald’s has officially been resolved, the Centers for Disease Control (CDC) and Prevention confirmed in an update on Tuesday. Read more...
Food supplier Cargill to cut 8,000 jobs globally as falling crop prices hurt profits
The majority of the layoffs will take place this year, according to an internal memo.
Elon Musk rips ‘totally crazy’ ruling by Delaware judge denying his $100B Tesla pay package: ‘Absolute corruption’
Musk reacted on his X social media platform to the ruling on Monday by Court of Chancery Judge Kathleen McCormick.
The 4 books Bill Gates read this year to make 'sense of the world'
Bill Gates shared a list of the four books he “enjoyed” reading this year, including ones focused on artificial intelligence and love. Read more...
CDC issues major update about McDonald’s E. coli outbreak
The bacteria strain linked to the outbreak killed one and infected 104 people across 14 states, according to the CDC.
How painful will Trump’s tariffs be for American businesses?
Their options range from hoarding goods and raising prices to rewiring supply chains
Jaguar’s pink, ‘woke’ electric car slammed by Gen Z: ‘What on Earth is Jaguar thinking?’
This vehicular Pink Panther is falling flat on its face.
NYC seafood mecca Le Bernardin named top US restaurant once again in global survey — as Michelin awards loom
While it may not yet have the clout of Michelin, La Liste has steadily grown in influence since its launch in 2015 -- especially in Europe and Asia.
Rail fares to rise despite renationalisation plans
Three rail operators will be renationalised next year but fares are due to go up as outlined in the Budget.
The FTC is cracking down on a firm that claims its AI-powered face recognition tech has 'zero' bias
A software provider won’t be allowed to lie about the accuracy of its artificial intelligence-powered facial recognition technology under a new proposed order from the Biden administration. Read more...
The FDA is investigating a salmonella outbreak linked to recalled cucumbers
A salmonella outbreak linked to cucumbers has left at least 68 people sick, according to federal regulators. Read more...
Walmart wants to help blind shoppers
Walmart ( WMT ) wants to make it easier for blind and low vision shoppers to navigate its stores with a new pilot program. Read more...
Meta’s Mark Zuckerberg wants ‘active role’ in shaping Trump tech policy, exec Nick Clegg says
Meta’s top policy executive said Mark Zuckerberg wants to play an “active role” in shaping tech regulations under President-elect Donald Trump’s administration – and admitted the social media giant “overdid it a bit” while moderating pandemic-related content.
Amazon's next-generation AI training chip is here
Amazon Web Services ( AMZN ) unveiled its next-generation artificial intelligence training chip that it says is faster and expected to use less energy. Read more...
Intel's ousted CEO may get more than $10 million in severance
Outgoing Intel CEO Pat Gelsinger is set to get paid as much as $10 million as he exits the struggling tech giant. Read more...
Cyber Monday beats Black Friday once again
Cyber Monday has once again claimed the title of the biggest shopping day of the year, reinforcing its dominance over Black Friday and setting a new benchmark for online retail. Read more...
Trump doubles down on vow to block Nippon-US Steel deal, make US Steel ‘strong and great again’
Trump had repeatedly slammed the deal during his presidential campaign, but this was the first time he reinforced his promise to block the acquisition since he won the presidential election.
United Airlines is building an enormous lounge at Dulles — rivaling Delta's giant New York lounge
United Airlines ( UAL ) is making a major investment to build out the experience of its its high-end flyers. As part of a renovation to its terminal at Washington Dulles International Airport, the company announced Tuesday that it would be expanding its United Club passenger
Costco is recalling thousands of eggs over salmonella fears
Thousands of cases of Costco ( COST ) store brand eggs are being recalled due to a possible contamination of salmonella, bacterium that can cause serious infections, according to the U.S. Food and Drug Administration (FDA). Read more...
All this pressure to tip is scaring customers away
Have you ever hesitated at the register, uncomfortable as an employee watched you choose a tip? It’s not just you. The rise of digital tipping systems – from point-of-sale devices held by employees to countertop screens that clearly display your selection – is changing the
Bank boss takes pay cut after employee 'tried to kill clients'
The bank apologised after the former worker was charged with robbery of clients, attempted murder and arson.
Frontier is adding first-class seats because even budget airlines need wealthy fliers
Ultra-low-cost carrier Frontier Airlines ( ULCC ) will begin offering first-class seats as it looks to appeal to a broader passenger base. Read more...
Tesla is ready to fight for Elon Musk's $56 billion payout
Tesla ( TSLA ) is ready to appeal a Delaware judge’s decision to — again — reject CEO Elon Musk’s $56 billion pay package despite shareholder support. Read more...
China is banning exports of rare minerals to the U.S. in a trade war tit-for-tat
China is pushing back at new U.S. trade restrictions by banning the export of some rare minerals to the U.S. Read more...
