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UnitedHealth CEO defends ransom payment in testimony on cyberattack
Witty said he himself made the decision that UnitedHealth would pay a ransom to the hackers who caused the massive data breach.CBS News - Top stories -
UnitedHealth CEO testifying about cyberattack before Congress
UnitedHealth Group CEO Andrew Witty is testifying on Capitol Hill Wednesday about a crippling cyberattack on the company in February. CBS News Homeland Security and Justice reporter Nicole Sganga has more.CBS News - Top stories -
L.A. Phil names Kim Noltemy as president and CEO
Kim Noltemy takes over as president and CEO of the L.A. Phil from Chad Smith, who left for the Boston Symphony Orchestra last fall. She arrives from the Dallas Symphony Assn.Los Angeles Times - Entertainment -
Microsoft CEO to Visit Southeast Asia With AI on Agenda
Satya Nadella will meet officials in Indonesia, Thailand and Malaysia next week, as the tech titan is betting on generative AI for long-term growth.The Wall Street Journal - Tech - Microsoft -
Peloton CEO Dismounts as Company Cuts 400 Jobs
Barry McCarthy ends two-year tenure as the fitness company keeps pedaling to a post-pandemic turnaround.Inc. - Business -
India’s TikTok ban didn’t even slow disinformation. We need a better solution.
Three main trends are hurting Indian democracy as voters are being duped and flooded with false and misleading content: influencers, WhatsApp and generative artificial intelligence.The Hill - Politics - Tiktok -
U.S. Private Payrolls Beat Expectations in April
Data from the payroll company shows private sector employers added 192,000 jobs last month, more than in March and above economists' average estimates.Inc. - Business -
Wolves expect Finch to travel to Denver for G1
The Timberwolves are planning for coach Chris Finch to be with them in Denver following his knee surgery - and considering seating configurations that would allow him to safely be on the bench during games.ESPN - Sports -
Dodgers ace Buehler expected to return Monday
Dodgers pitcher Walker Buehler is expected to make his return to the big leagues Monday after missing nearly two full years following Tommy John surgery in 2022.ESPN - Sports - MLB -
McDonald's Boosts Promos as Boycotts Hit Global Sales
On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.Inc. - Business -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
Hot Property: five homes for sale in the Midi-Pyrénées
From a Gascon château with a pigeonnier and orangery to a rustic, renovated house with a libraryFinancial Times - World -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
Apple's China sales in focus ahead of earnings
Investor expectations are low and Apple could surpass them even if sales growth is weak.CNBC - Business - China -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
Partisan gap on abortion 'larger than ever:' Analysis
The divide between Democrats and Republicans on abortion is at its starkest point in years, according to a new survey on the issue that’s poised to play a big role in the 2024 presidential race. There’s a 50-point gap between the two major ...The Hill - Politics - Abortion -
WegovySales More Than Double as Demand Soars
Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply.The Wall Street Journal - World -
WegovySales More Than Double as Demand Soars
Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply.The Wall Street Journal - Business -
New Big 12 out to prove bigger bank accounts don't always mean better football teams in 12-team CFP
The Big 12 is about to play its first season without Oklahoma and TexasABC News - Sports -
Rangers-Hurricanes playoff tickets at PNC Arena being restricted to fans from North Carolina area
Just like in 2022, when the Rangers beat the Hurricanes in seven games, fans from outside of the North Carolina area are not allowed to purchase tickets to the games at PNC Arena.Yahoo Sports - Sports -
NBA playoffs: Sixers ownership teams up with Fanatics to buy 2,000 tickets to keep Knicks fans out of Game 6
Knicks fans were noticeably loud during Sunday's Game 4 win at Wells Fargo Center.Yahoo Sports - Sports - NBA -
76ers owners buy 2,000 tickets for home playoff game. Aim for fewer Knicks fans in arena for Game 6
The Philadelphia 76ers are trying to keep New York Knicks fans out of Wells Fargo Arena for Game 6 of their NBA playoff series Thursday nightABC News - Sports - NBA -
Shares of Nio soar more than 20% as EV deliveries more than double in April
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.CNBC - Business -
Binance CEO Will Serve Four Months in Prison, But Will Be a Very Rich Inmate
Changpeng Zhao ran his crypto company differently from the way Sam Bankman-Fried ran FTX: Binance is still going strong. Leadership lessons abound from both bad examples.Inc. - Business -
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount
The company veteran stepped down Monday with Paramount in the midst of a merger drama.The Wall Street Journal - Business -
Norfolk Southern CEO Gets ISS's Backing in Proxy Fight
Norfolk Southern’s CEO has been endorsed by top proxy firm Institutional Shareholder Services as the railroad’s leadership works to fend off a proxy fight from investors led by Ancora Holdings.The Wall Street Journal - World -
Norfolk Southern CEO Gets ISS's Backing in Proxy Fight
Norfolk Southern’s CEO has been endorsed by top proxy firm Institutional Shareholder Services as the railroad’s leadership works to fend off a proxy fight from investors led by Ancora Holdings.The Wall Street Journal - Business -
Manchester United’s interim CEO and chief financial officer to leave club
Patrick Stewart and Cliff Baty will leave at end of seasonJean-Claude Blanc will be interim CEO until 13 JulyManchester United have announced that their interim chief executive, Patrick Stewart, and chief financial officer, Cliff Baty, will leave ...The Guardian - World -
AMD CEO foresees sustained growth driven by insatiable demand for AI
AMD CEO Lisa Su said it's an exciting time for the industry as the widespread deployment of AI is driving demand for computing power.VentureBeat - Tech -
American Express CEO explains how the company is attracting younger consumers
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.CNBC - Business -
Lobbying World: Global Business Alliance taps next president and CEO
The Global Business Alliance (GBA) announced that Nancy McLernon will retire as president and CEO at the end of the year. McLernon, who founded GBA in 1990, grew the organization from less than a dozen members into an influential voice for more ...The Hill - Politics -
UnitedHealth CEO faces Change Healthcare hack scrutiny on Capitol Hill
UnitedHealth Group’s dominance in the U.S. healthcare industry was in the spotlight on Capitol Hill Wednesday as its CEO faced two Congressional hearings on the cyberattack on its Change Healthcare unit.MarketWatch - Business -
UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.CNBC - Business -
Unity appoints ex-Zynga exec Matthew Bromberg as CEO
Game engine maker Unity has appointed Matthew Bromberg, former COO of Zynga, as its new CEO.VentureBeat - Tech -
Ex-Pioneer CEO Barred From Exxon Board for Megadeal to Close
Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.The Wall Street Journal - World