By Mathieu Rosemain and Aislinn Laing PARIS/MADRID (Reuters) – Orange and MasMovil have signed a binding agreement to combine operations in Spain in a deal valuing the merged entity at close to $19 billion, the two telecoms firms said in a statement on Saturday. The merger creates a heavyweight spanning mobile and broadband, posing a…
By Mathieu Rosemain PARIS (Reuters) – Orange and MasMovil have signed a binding agreement to combine their operations in Spain in a deal valuing the merged entity at close to $19 billion, the two telecoms firms said in a statement on Saturday. The merger, which follows exclusive talks that began in early March, will create…
Soki Wu’s food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice,” a national dish. But customers recently began complaining that his chicken didn’t taste quite as good as it used to. Wu was forced to switch to frozen chicken after Malaysia…
(Reuters) -China Evergrande Group said on Friday that its chief executive officer and finance head have resigned after a preliminary probe found their involvement in diverting loans secured by its publicly listed unit to the group. The indebted company was investigating how deposits worth 13.4 billion yuan ($1.99 billion) belonging to the unit, Evergrande Property…
By Joey Roulette WASHINGTON (Reuters) – Elon Musk’s SpaceX on Friday broke its record for the number of rockets launched in a calendar year, topping last year’s slate of 31 missions amid a whirlwind campaign to launch its own internet satellites into orbit. SpaceX’s 32nd launch of 2022 using its workhorse Falcon 9 rocket comes…
(Reuters) – Alphabet Inc’s Google said on Friday it has dismissed a senior software engineer who claimed the company’s artificial intelligence (AI) chatbot LaMDA was a self-aware person. Google, which placed software engineer Blake Lemoine on leave last month, said he had violated company policies and that it found his claims on LaMDA to be…
By Jonathan Stempel (Reuters) -Uber Technologies Inc on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In entering a non-prosecution agreement, Uber admitted that its personnel failed to report the November 2016 hacking to…
(Reuters) – Uber Technologies Inc has entered a non-prosecution agreement to resolve a criminal investigation into its cover-up of a significant data breach, U.S. Attorney Stephanie Hinds in San Francisco said on Friday. Hinds said Uber admitted that its personnel failed to report the November 2016 breach to the U.S. Federal Trade Commission even though…
World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by WWE, McMahon said he is retiring as the company’s chairman and CEO. He noted that he remains…
(Reuters) – World Wrestling Entertainment Inc’s Vince McMahon said on Friday he will retire as the company’s chief executive and chairman, barely a month after stepping back from those roles due to an investigation into his alleged misconduct. McMahon was being investigated by the board for a secret $3 million settlement that he had agreed…
