Business news

Business

Many Verizon customers across the US hit by service outage

Some Verizon customers across the U.S. were hit by a service outage Monday.

Business

Study: Conflicting goals, focus on economic development lead to underperforming streetcar systems

A city's streetcar system can be many things. But it can't be everything. New research from the University of Kansas has found that cities with underperforming streetcar systems often get there by setting too many—and sometimes ...

Business

German antitrust watchdog steps up monitoring of Microsoft

Germany's anti-cartel watchdog said Monday it had placed US tech giant Microsoft under closer surveillance for any possible abuse of its market position.

Business

Satellite service DirecTV buys rival Dish as it fights the onslaught of streaming services

DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.

Business

Epic Games sues Google and Samsung over app store

"Fortnite"-maker Epic Games is suing tech giants Google and Samsung, it announced Monday, accusing them of illegally colluding to block competition on Samsung devices.

Business

California governor vetoes AI safety bill

California Governor Gavin Newsom has vetoed a bill aimed at regulating powerful artificial intelligence models following pushback from tech giants and critics who argued the law went too far.

Business

UK govt buys semiconductor facility key to defense

The UK government announced on Friday that it had acquired a key semiconductor factory after fears its imminent closure would hamper a crucial supply chain to Britain's armed forces.

Business

OpenAI discusses giving Altman 7% stake in for-profit shift

OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first ...

Business

'Broken' news industry faces uncertain future

From disinformation campaigns to soaring skepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.

Business

EasyJet founder makes life hard for 'brand thieves'

Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.

Business

Bitcoin breaks $50,000 for first time since 2021

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.

Business

Biden on TikTok: 'lol' or national security worry?

US President Joe Biden's debut on TikTok has caused a stir—not least because the Chinese-owned social media platform is still officially considered a security risk by Washington.

Business

Super Bowl draws record 123 million US viewers

A record 123.4 million people tuned in to watch the Kansas City Chiefs beat the San Francisco 49ers in Sunday's Super Bowl—with the added attraction of an Usher-headlined halftime show and the attention-stealing presence ...

Business

Elon Musk must testify in SEC Twitter probe, court rules

A federal court in California is enforcing a subpoena for Elon Musk to testify before the U.S. Securities and Exchange Commission regarding potential violations of federal securities laws in connection with his purchase of ...

Business

EU court rejects TikTok bid to suspend tough curbs

Social media TikTok on Friday lost a court bid to suspend strict new EU rules designating it a market "gatekeeper", pending a final ruling on the video-sharing app's legal challenge to the law.