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U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.The Wall Street Journal - World -
Now everyone hates private equity I’ll buy some
And I’ve found a way to do it that avoids the insane feesFinancial Times - World -
Private Equity Warms Up to Clean-Energy Tax Credits
Private-equity firms are beginning to tap a nascent market for clean-energy tax credits, betting on a boost to returns from helping project developers get better terms for the tradable credits.The Wall Street Journal - World -
Private tour inside St. Peter's Basilica in Vatican City
Join Norah O'Donnell for a rare, private tour inside St. Peter's Basilica in Vatican City, the largest church in the world. Watch Sunday's 60 Minutes for a wide-ranging conversation with Pope Francis and tune in Monday, May 20, for a Primetime ...CBS News - Top stories -
European private equity groups forced to keep assets longer
Some firms are struggling to exit investments made when the industry boomed while interest rates were lowFinancial Times - Business -
What private equity ownership could look like in the NFL
A move to allow private equity firms to invest in NFL teams would represent a large shift in how the league has historically operated.ESPN - Sports - NFL -
Is Your Company Ready for Interdependence?
Independence is great, but interdependence is what's really rewardingInc. - Business -
How Companies Dodge Tariffs
Protectionist trade policies are popular on both the left and right. But some economists say they’re likely to backfire.The New York Times - Business -
'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.CNBC - Business -
‘We had no idea what private equity was about’: Japanese chipmaker CEO on buyout bosses
Fumiyuki Kanai came to value KKR as a tool for change ahead of country’s biggest IPO in five yearsFinancial Times - Business -
Grant Thornton will lay off about 350 U.S. employees as the accounting firm moves closer to selling a stake in its U.S. unit to a private-equity firm.
Grant Thornton will lay off about 350 U.S. employees as the accounting firm moves closer to selling a stake in its U.S. unit to a private-equity firm.The Wall Street Journal - World -
This Pride Month, Companies Must Decide: Are They Truly Committed?
Despite the recent DEI backlash, many companies are moving forward with Pride Month celebrations. Here are three tips for honoring the occasion.Inc. - Business -
How to Manage the Overemployed Workers in Your Company
In the hidden world of dual employment, financial necessity clashes with ethical integrity, posing risks to employers and employees alike.Inc. - Business -
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Actors' Voices Stolen by AI Company, Lawsuit Claims
Two voiceover actors claim Lovo, a San Francisco AIstartup, tricked them into providing voice samples, then used them without permission.Inc. - Business -
Corporate insiders at these companies are telling us that consumers are cruising
Executive and director buying supports these 9 travel, gaming and recreational boat stocks.MarketWatch - Business -
What to Do When Your Company's Mission Isn't Enough
State Bags began with a one-for-one giving back mission to support kids. But an epiphany left them wondering: Is this the best we can do?Inc. - Business -
Voice Actors Sue Company Whose AI Sounds Like Them
Two voice actors say an A.I. company created clones of their voices without their permission. Now they’re suing. The company denies it did anything wrong.The New York Times - Top stories -
Vantage, Our Cruise Company, Went Bankrupt. We Are Out $17,905.
A couple purchased an Arabian Sea voyage, but Vantage, the cruise company, went under. Their travel insurance was supposed to cover financial default, but the claim was repeatedly denied.The New York Times - Business -
U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.CBS News - Top stories -
UK water companies embrace PFI to deliver £14bn of infrastructure
Ofwat encourages debt-laden utilities to set up entities to deliver reservoirs and pipelinesFinancial Times - World - United Kingdom -
Some A.I. Companies Face a New Accusation: ‘Open Washing’
An accusation against some A.I. companies that they are using the “open source” label too loosely.The New York Times - Business -
Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.CNBC - Business - China -
Water company boss defends multi-million pay packet
The water firm made 60,000 sewage spills last year but insists river quality is improving.BBC News - Top stories -
As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.CNBC - Business - California -
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices ...NBC News - Top stories - California -
GTA Parent Company Explains Why It Just Canceled Games
Take-Two president Karl Slatoff has discussed the company's recent decision to cancel games as part of a wider restructuring effort that also included layoffs. . During an earnings briefing, Slatoff observed that, across the video game industry, ...GameSpot - Tech -
3 Things I've Learned to Do Before Acquiring Another Company
Here's why most acquisitions fail.Inc. - Business -
US companies find borrowing conditions improving as markets rally
Chicago Fed’s index of financial conditions falls to lowest level since January 2022Financial Times - Business -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
Why Levain Bakery's Co-Founders Let Their Company Rise Slowly
The women behind America's favorite cookie, Pam Weekes and Connie McDonald, have a different view of scaling.Inc. - Business -
Companies are trying to attract more smartphone users across Africa. But there are risks
Internet-enabled phones can play a unique role in sub-Saharan Africa, where infrastructure and public services are among the world’s least developedABC News - Tech -
Airbnb CEO discusses what’s in store for the company ahead of summer travel season
Airbnb CEO Brian Chesky sat down with NBC News’ Hallie Jackson ahead of the busy summer travel season to discuss what’s in store for the company and respond to recent concerns from customers over fees and higher prices.NBC News - Top stories -
UK water companies lash out at ‘labyrinthine’ regulatory system
Industry lobby group criticises Ofwat for ‘slow’ and ‘inflexible’ processes that delay vital infrastructureFinancial Times - Business - United Kingdom -
Even a Fraud Conviction Won't Keep Nikola's Founder Away From the Company
Nikola, the embattled hydrogen-truck maker, wants to put convicted founder Trevor Milton in the rearview mirror. Milton has had other plans.The Wall Street Journal - World -
Companies warn against immigration cuts as Trump plans crackdown
Business groups say US economy remains dependent on foreign workers as migration becomes election issueFinancial Times - World - Donald Trump -
UL Solutions tops revenue estimates in first quarter as a public company
Profit was flat in the first quarter, but the company is expecting to benefit from the “electrification of everything” trend.MarketWatch - Business -
Damage Control for Tesla as European Leasing Companies React to Falling Fleet Values
Major car rental firms and leasing firms have complained about Tesla's servicing and repairs for years.Inc. - Business -
Are UK boards ‘too hot to trot’ in selling off companies?
More clarity is needed from government on which companies should be protectedFinancial Times - Business - United Kingdom -
First companies sign up to AI safety standards on eve of Seoul summit
Rishi Sunak says 16 international firms have committed, but standards have been criticised for lacking teeth. The first 16 companies have signed up to the voluntary artificial intelligence safety standards introduced at the Bletchley Park summit, ...The Guardian - World