Techno Blender
Digitally Yours.
Browsing Tag

general news

Federal Judge Blocks JetBlue-Spirit Merger Over Fears of Eliminating Competition

Updated Jan. 16, 2024 5:13 pm ETA federal judge on Tuesday blocked JetBlue Airways $3.8 billion deal to buy Spirit Airlines, rejecting a merger that he said would hamper competition and lead to higher fares.The ruling thwarts what would have been the biggest U.S. airline merger in over a decade. It marks a victory for the U.S. Department of Justice, which sued last year to prevent JetBlue and Spirit from going ahead with their tie-up.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

Elon Musk Seeks More Sway Over Tesla Ahead of AI Advancements

Updated Jan. 16, 2024 5:13 pm ETTesla Chief Executive Elon Musk has gone public with a demand for another big pay package, saying he wants more shares and greater control over the electric-car company as it expands further into robotics and artificial intelligence. On Monday, Musk gave board members what amounts to an ultimatum, saying he feels uncomfortable making Tesla a leader in those two areas without controlling roughly 25% of the company. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared

One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet.Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 One of the flashiest executive perks

OpenAI Bans Use of AI Tools for Campaigning, Voter Suppression

OpenAIoutlined limits on using its tools in politics during the run-up to elections in 2024, amid mounting concern that artificial-intelligence systems could mass-produce misinformation and sway voters in high-profile races.OpenAI’s ChatGPT and Dall-E are some of the most powerful AI chatbot and image-generation applications available. The growth of such tools has raised worry that software made by OpenAI and its peers could be used to manipulate voters with false news stories and computer-generated images and

Apple to Remove Blood Oxygen Sensor From Watch to Avoid U.S. Ban, Rival Says

Updated Jan. 15, 2024 2:27 pm ETAppleis removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, a step likely to avoid further sales disruptions but one that may raise questions about the company’s push into health.The company halted sales of some watch models briefly last month after a U.S. import ban went into effect stemming from an October ruling by the U.S. International Trade Commission. The trade agency found Apple had violated the patents of

Axel Springer Stands By Business Insider Reporting on Bill Ackman’s Wife

Jan. 14, 2024 12:27 pm ETBusiness Insider owner Axel Springer said it stands by the publication after reviewing the reporting process behind stories that alleged plagiarism by Neri Oxman, the designer and former Massachusetts Institute of Technology professor who is married to hedge-fund billionaire Bill Ackman.The German media company said last week it would review the process and motivations behind the recent BI articles. The review came amid complaints from Ackman, in a series of posts on X, about the publication’s

Boeing Faces Longer Wait to Resume MAX Deliveries in China

Updated Jan. 15, 2024 12:03 am ETBEIJING—Boeing’s long-awaited delivery resumption of its 737 MAX jets to China faces fresh delays after the Alaska Airlines incident, as the plane maker was poised to benefit from the thaw in U.S.-China relations.China Southern Airlines, one of several Chinese carriers with undelivered MAX jets, has been readying to receive Boeing’s planes as early as January, people familiar with the matter said. Now the airline is planning to conduct additional safety inspections on those aircraft

How Elon Musk Is Fully Embracing Donald Trump’s Billionaire Populism

It is hard not to see echoes of Donald Trump in Elon Musk these days.Both are world-famous entrepreneurs who have faced operatic dramas. Both are provocative on social issues, can be politically incorrect and, at times, even crude. And both excel at the art of the sell—themselves and their companies—and the ability to spin the world around their vision of it. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 It is hard not to see echoes of Donald Trump in Elon Musk

Renting Clothes Was Supposed to Be the Future of Fashion. Then Shoppers Got Bored.

Rent the Runway is betting that clothing from designers Diane von Furstenberg and Jason Wu can get customers to keep their subscriptions. Rival clothing subscription service Stitch Fix is staking its future on private brands.The different directions are part of companies’ bids to stem steep subscriber losses in recent months and declines in their stock-market valuations. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Rent the Runwayis betting that clothing from

The CEO Who Gave 60,000 Employees His Cellphone Number

Updated Jan. 13, 2024 12:01 am ETListen to article(1 minute)HERZOGENAURACH, Germany—A former professional soccer player, Bjørn Gulden says that when he took over Adidas just over a year ago, it felt as if the German sports giant was losing by four goals at halftime.Morale was down after the collapse of its Yeezy collaboration with rapper Kanye West, who now goes by Ye, and employees complained about a lack of transparency.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8