WEATHER ALERT
Brazilian Olympic star Martine Grael will become the first woman to helm an F50 catamaran in SailGP
Read full article: Brazilian Olympic star Martine Grael will become the first woman to helm an F50 catamaran in SailGPTwo-time Olympic gold medalist Martine Grael will become the first woman to helm an an F50 foiling catamaran in SailGP when a new Brazilian team debuts in the fifth season of tech billionaire Larry Ellison’s global league.
Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead
Read full article: Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go aheadThe merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
Read full article: Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new powerThe entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.
Paramount Global owner calls off merger talks with Skydance Media
Read full article: Paramount Global owner calls off merger talks with Skydance MediaNational Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media.
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Read full article: Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'Oracle Corp. Chairman Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industry.
Bees cause a buzz and lengthy disruption at Indian Wells tennis during Alcaraz vs Zverev match
Read full article: Bees cause a buzz and lengthy disruption at Indian Wells tennis during Alcaraz vs Zverev matchA swarm of bees forced a nearly two-hour disruption to the quarterfinal match between Carlos Alcaraz and Alexander Zverev at the BNP Paribas Open.
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says
Read full article: The world could get its first trillionaire within 10 years, anti-poverty group Oxfam saysThe anti-poverty organization Oxfam International says the world could have its first trillionaire within a decade.
Tesla directors to return more than $735 million to company to settle suit challenging compensation
Read full article: Tesla directors to return more than $735 million to company to settle suit challenging compensationCurrent and former directors of Tesla Inc. have agreed to return more than $735 million to the electric-vehicle maker to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation.
Judge sides with Ellison in Oracle shareholder suit over NetSuite acquisition
Read full article: Judge sides with Ellison in Oracle shareholder suit over NetSuite acquisitionA Delaware judge has ruled in favor of Oracle founder Larry Ellison in a shareholder lawsuit alleging that he coerced the company into paying a grossly inflated price to acquire software corporation NetSuite.
Holmes' former partner gets nearly 13 years in Theranos case
Read full article: Holmes' former partner gets nearly 13 years in Theranos caseA judge has sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company’s blood-testing hoax — a punishment slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.
Elizabeth Holmes faces judgment day for her Theranos crimes
Read full article: Elizabeth Holmes faces judgment day for her Theranos crimesA federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Elizabeth Holmes gets more than 11 years for Theranos scam
Read full article: Elizabeth Holmes gets more than 11 years for Theranos scamDisgraced Theranos CEO Elizabeth Holmes has been sentenced to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit.
To buy Twitter, Musk has to keep banks, investors on board
Read full article: To buy Twitter, Musk has to keep banks, investors on boardIf the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place.
A timeline of billionaire Elon Musk's bid to control Twitter
Read full article: A timeline of billionaire Elon Musk's bid to control TwitterReports say Elon Musk is proposing to go through with his $44 billion takeover of Twitter, a move that would end a legal fight between the billionaire and the social media company.
Musk and Twitter CEO Agrawal were briefly pals, texts show
Read full article: Musk and Twitter CEO Agrawal were briefly pals, texts showNewly disclosed text messages between Elon Musk and Twitter CEO Parag Agrawal showed that the two men briefly bonded in April over their love of engineering — at least until Musk tweeted this message early on Aug. 9: ‘Is Twitter dying.
Jury takes fraud case against Elizabeth Holmes's ex-partner
Read full article: Jury takes fraud case against Elizabeth Holmes's ex-partnerThe fate of hard-nosed technology executive Ramesh “Sunny” Balwani is now in the hands of a jury that will weigh criminal charges alleging he joined disgraced Theranos CEO Elizabeth Holmes, his former partner, in an elaborate fraud that jarred Silicon Valley.
Will money-back guarantee win over wealthy donors?
Read full article: Will money-back guarantee win over wealthy donors?The advocacy group Global Citizen and the finance firm NPX are engineering a new campaign that targets Forbes 400 billionaires, Giving Pledge members, and the wealthy generally — a group increasingly criticized for what is seen as tight purse strings.
Wall Street, tech investors back Musk Twitter bid with $7B
Read full article: Wall Street, tech investors back Musk Twitter bid with $7BElon Musk has strengthened the equity stake in his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Oracle co-founder and Tesla board member Larry Ellison.
US SailGP team capsizes 6 days ahead of $1 million race
Read full article: US SailGP team capsizes 6 days ahead of $1 million raceThe U.S. SailGP team capsized its foiling 50-foot catamaran just off Alcatraz Island on San Francisco Bay, six days before it will race for the global league’s $1 million, winner-take-all season championship.
Former Theranos CEO Holmes convicted of fraud and conspiracy
Read full article: Former Theranos CEO Holmes convicted of fraud and conspiracyElizabeth Holmes has been convicted of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.
Jury in Elizabeth Holmes trial hears replay of her boasts
Read full article: Jury in Elizabeth Holmes trial hears replay of her boastsJurors in the fraud trial of former Theranos CEO Elizabeth Holmes returned to the courtroom Thursday to listen to a replay of audio recordings that captured her brash promises about a vaunted blood-testing technology the propelled her meteoric rise and scandalous downfall.
Jurors starts weighing evidence in Elizabeth Holmes' case
Read full article: Jurors starts weighing evidence in Elizabeth Holmes' caseThe jurors now responsible for assessing 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes are scheduled to begin their first full day of deliberations on Monday.
Jury gets chance to hear Elizabeth Holmes' bold promises
Read full article: Jury gets chance to hear Elizabeth Holmes' bold promisesA jury weighing the fate of fallen Silicon Valley star Elizabeth Holmes has had its first chance to listen to recordings of her boasting to investors about purported breakthroughs in blood-testing technology.
Former US defense secretary testifies in Holmes fraud trial
Read full article: Former US defense secretary testifies in Holmes fraud trialFormer U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle.
Israel urges Netanyahu return gifts; he denies keeping them
Read full article: Israel urges Netanyahu return gifts; he denies keeping themIsrael’s prime minister’s office has urged former premier Benjamin Netanyahu to return dozens of expensive gifts he received while serving in the nation’s top job.
Q&A: What does a deal between TikTok and Oracle mean?
Read full article: Q&A: What does a deal between TikTok and Oracle mean?ByteDance Ltd., a Chinese company, launched TikTok in 2017, then bought Musical.ly, a video service popular with teens in the U.S. and Europe, and combined the two. TikTok says it does not store U.S. user data in China and that it would not give user data to the government. There are also concerns about TikTok censoring videos critical of China, which TikTok denies, or pushing propaganda. Oracle was among the pool of bidders, including Microsoft and Walmart, to buy TikTok’s American operations. If Oracle and TikTok can show they can safeguard user data in the U.S., CFIUS and the Trump administration might accept the arrangement.
Source: Oracle wins TikTok over Microsoft in Trump-urged bid
Read full article: Source: Oracle wins TikTok over Microsoft in Trump-urged bidTikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban. TikTok denies that it has shared user data with the Chinese government or that it would do so if asked. It competes with tech giants such as Microsoft and Amazon that provide cloud services as well as business-software specialists like Salesforce. The president said on Aug. 18 that Oracle was “a great company” that “could handle” buying TikTok. He declined to state his preference between Oracle and Microsoft as buyers.
Zoom got big fast. Then videobombers made it rework security
Read full article: Zoom got big fast. Then videobombers made it rework securityThat time is up, and Zoom is ready to take a bow. Zoom hailed some of the strides that it says it has made in a Wednesday blog post. Zoom has promised to make it virtually impossible for anyone outside a meeting to eavesdrop by scrambling conversations via end-to-end encryption. The day after its original announcement, faced with a backlash, Zoom agreed to extend the encryption to free plans as well. Steckelberg said the company doesnt have any immediate plans to sell ads, but didnt rule out that possibility.