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Twitter Responds to Musk's Claims, Calls Them 'Excuses'

Twitter Responds to Musk's Claims, Calls Them 'Excuses'

BUSINESS | By Barbara Ortutay | Aug 5, 2022

The court's decision could ultimately determine the future of a social platform used daily by 238 million people around the globe.

Warner Bros. Axes 'Batgirl,' Won't Release $90M HBO Max Film

Warner Bros. Axes 'Batgirl,' Won't Release $90M HBO Max Film

BUSINESS | By Jake Coyle | Aug 3, 2022

Warner Bros. has axed the $90 million "Batgirl" film planned for HBO Max, according to a person connected with the film who was not authorized to speak publicly about it.

Feds Target U.S. Companies Caught in Lucrative Shark Fin Trade

Feds Target U.S. Companies Caught in Lucrative Shark Fin Trade

BUSINESS | By Joshua Goodman | Aug 2, 2022

While the barbaric practice is driven by China, where shark fin soup is a symbol of status for the rich and powerful, America's seafood industry isn't immune from the trade.

Ex-Employees Weigh In on Gay NYC Club Controversy

Ex-Employees Weigh In on Gay NYC Club Controversy

BUSINESS | By Kilian Melloy | Jul 29, 2022

The allegations brought by former The Q club partner Frankie Sharp read like a laundry list of what not to do when opening a gay club. Sharp's claims are being verified by others who worked at The Q.

Facebook Ends Funding for U.S. News Partnerships Program

Facebook Ends Funding for U.S. News Partnerships Program

BUSINESS | By Barbara Ortutay | Jul 29, 2022

Meta Platforms says it will no longer pay U.S. news organizations to have their material appear in Facebook's News Tab as it reallocates resources.

Why Not Acting Against Workplace Bullying Is Even Worse

Why Not Acting Against Workplace Bullying Is Even Worse

BUSINESS | Jul 28, 2022

Workplace bullying is the term for regular and persistent, unjustified acts or behaviours by a person or a group that are meant to offend, intimidate, humiliate, or undermine an employee.

Facebook Parent Meta Posts First Revenue Decline in History

Facebook Parent Meta Posts First Revenue Decline in History

BUSINESS | By Barbara Ortutay | Jul 28, 2022

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters.

Twitter Sets September Shareholder Vote on Elon Musk Buyout

Twitter Sets September Shareholder Vote on Elon Musk Buyout

BUSINESS | By Randall Chase and Barbara Ortutay | Jul 27, 2022

Twitter has set Sept. 13 as the date for its shareholders to vote on the company's pending buyout by Tesla CEO Elon Musk.

T-Mobile Settles to Pay $350M to Customers in Data Breach

T-Mobile Settles to Pay $350M to Customers in Data Breach

BUSINESS | By Anne D'Innocenzio | Jul 25, 2022

T- Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company disclosed last August that personal data like social security numbers had been stolen.

Lululemon Workers in DC File for a Union Election

Lululemon Workers in DC File for a Union Election

BUSINESS | Jul 25, 2022

Lululemon workers in Washington, D.C. have filed for a union election, joining workers at other major companies aiming to organize amid a wave of labor wins over the past year.

Backlash After Quebec Nightclub Tosses Patrons Who were 'Too Homosexual'

Backlash After Quebec Nightclub Tosses Patrons Who were 'Too Homosexual'

BUSINESS | By Kilian Melloy | Jul 24, 2022

A popular night spot in Quebec sparked a backlash when one of its employees asked a group of friends to leave because they were "too homosexual."

CVS Seeks Verification on Drugs with Possible Abortion Use

CVS Seeks Verification on Drugs with Possible Abortion Use

BUSINESS | By Tom Murphy | Jul 22, 2022

CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy.

GE Reveals Identity of 3 Companies after Historic Split

GE Reveals Identity of 3 Companies after Historic Split

BUSINESS | By Michelle Chapman | Jul 19, 2022

General Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate.

G20 Finance Meetings in Bali Overshadowed by War in Ukraine

G20 Finance Meetings in Bali Overshadowed by War in Ukraine

BUSINESS | By Elaine Kurtenbach | Jul 17, 2022

Financial leaders of the Group of 20 richest and biggest economies agreed on the need to jointly tackle global ills such as inflation and food crises, but failed to bridge differences over the war in Ukraine.

Penalty Cut for Oregon Bakers who Refused Lesbian Brides

Penalty Cut for Oregon Bakers who Refused Lesbian Brides

BUSINESS | Jul 16, 2022

The state of Oregon has slashed the financial penalties it assigned a baker who refused to bake a wedding cake for a lesbian couple almost 10 years ago.

Reports: Musk Demands Months for Trial Prep in Twitter Suit

Reports: Musk Demands Months for Trial Prep in Twitter Suit

BUSINESS | Jul 16, 2022

Tesla CEO Elon Musk fired back Friday at Twitter's lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports.

Nintendo Offers Same-Sex Partner Benefits while Japan Denies Marriage Rights

Nintendo Offers Same-Sex Partner Benefits while Japan Denies Marriage Rights

BUSINESS | By Kilian Melloy | Jul 14, 2022

Video game giant Nintendo has displayed corporate leadership that outstrips Japan's lawmakers in offering benefits to the same-sex partners of its employees while Japan denies equal marriage rights.

Twitter: Attrition Up a Bit, Companywide Layoffs Not Planned

Twitter: Attrition Up a Bit, Companywide Layoffs Not Planned

BUSINESS | Jul 14, 2022

Twitter is telling its employees that it's not planning any companywide layoffs, but there could be some restructuring and organization changes as it heads into a legal battle with Elon Musk.

Twitter Sues to Force Musk to Complete His $44B Acquisition

Twitter Sues to Force Musk to Complete His $44B Acquisition

BUSINESS | By Matt O'Brien | Jul 13, 2022

Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of "outlandish" and "bad faith" actions.

Looming Musk-Twitter Legal Battle Hammers Company Shares

Looming Musk-Twitter Legal Battle Hammers Company Shares

BUSINESS | Jul 12, 2022

Shares of Twitter slid after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court.

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