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Former CNN Boss Jeff Zucker Eyes Unlikely Next Role: British Media Mogul

Updated Dec. 9, 2023 12:16 am ETJeff Zucker ran NBC’s “Today” show as a young executive producer and was CNN’s boss for nearly a decade. Now, the television veteran is angling for a very different assignment: turn conservative British news publications into global brands. Zucker is heading an investment group that has become the top contender to buy the Telegraph and the Spectator, a newspaper and a magazine that are both more than 150 years old. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.

toshiba: Toshiba, Rohm to invest $2.7 billion to jointly produce power chips

Toshiba and Rohm said on Friday they would invest 388.3 billion yen ($2.7 billion) to jointly produce power chips, the first collaboration since Rohm's participation in a $14 billion buyout of Toshiba.The latest partnership is what the Japanese industry ministry has hoped for out of concerns that the country's power chip industry is too fragmented to catch up with industry giant Infineon Technologies AG.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB…

The 12 months that changed Silicon Valley forever

At 1 p.m. on a Friday shortly before Christmas last year, Kent Walker, Google’s top lawyer, summoned four of his employees and ruined their weekend. The group worked in SL1001, a bland building with a blue glass facade betraying no sign that dozens of lawyers inside were toiling to protect the interests of one of the world’s most influential companies. For weeks they had been prepping for a meeting of powerful executives to discuss the safety of Google’s products. The deck was done. But that afternoon Walker told his team…

Inside the streaming site Kick

One day this summer, internet personality Adin Ross switched on his camera and started broadcasting himself live to thousands of fans, sipping a Yerba Mate drink and nodding along to Lil Uzi. Ross soon cut the music and started talking, assuring his fans that he would livestream Jake Paul’s coming boxing match, even though it would violate copyright laws. “I’ll pay the fines,” he promised. Later, he streamed himself playing online slot machines and blackjack on a gambling site, Stake. Once, he streamed pornography. He has…

The EU Just Agreed Sweeping New Rules for AI

The European Union today agreed on the details of the AI Act, a far-reaching set of rules for the people building and using artificial intelligence. It’s a milestone law that, lawmakers hope, will create a blueprint for the rest of the world.After months of debate about how to regulate companies like OpenAI, lawmakers from the EU’s three branches of government—the Parliament, Council and Commission—spent more than 36 hours in total—thrashing out the new legislation between Wednesday afternoon and Friday evening. Lawmakers…

Paramount PARA shares jump after reports of takeover interest

The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023.Nurphoto| Getty ImagesParamount Global shares surged Friday following reports from Deadline and Puck News that Skydance and Redbird Capital were exploring potentially taking over the media giant.Paramount shares were up more than 14%. The company has a market cap of about $10.5 billion and is up more than 1% for the year, lagging the S&P 500's 19% gains.Paramount's controlling shareholder, Shari Redstone, has been open to making big deals,…

Starbucks tells union it wants to resume contract talks in January

Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle on November 16, 2023 in Washington, DC. Kevin Dietsch | Getty ImagesStarbucks said it wants to resume contract talks with the union representing its baristas, starting in January.Saturday marks the two-year anniversary of the first unionization of company-owned Starbucks cafes in the U.S. Since then, more than 360 locations have voted to unionize, representing about 4% of the company's total U.S. company-owned…

First CRISPR gene-editing treatment approved in U.S.

Blood sample tube with blood for Sickle Cell Screen -Test. Sickle cell blood test, abnormal hemoglobin test.Md Babul Hosen | Istock | Getty ImagesThe U.S. Food and Drug Administration on Friday approved the country's first gene-editing treatment, Casgevy, for use in patients with sickle cell disease.The approval comes about a decade after the discovery of CRISPR technology for editing human DNA, representing a significant scientific advancement. Yet reaching the tens of thousands of people who could benefit from the…

Lululemon (LULU) earnings Q3 2023

Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey.Mike Calia | CNBCLululemon on Thursday said it saw strong third-quarter demand, but the retailer's shares fell as it gave a tepid holiday outlook.Though sales grew across North America and internationally, the retailer's holiday guidance came in light of expectations. Lululemon said its expected sales to be between $3.14 billion and $3.17 billion for the fourth quarter, which is shy of the $3.18 billion analysts had expected, according to…

Dollar General tries to drive a turnaround after safety violations

Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders.On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter's plans to try to turn around both the company's performance and its public relations problems. He said the retailer will put more workers in the front of its stores, slow down new store openings, take underperforming items off shelves and step up efforts to keep merchandise in stock.It marked the first…