Morgan Stanley agreed to pay $60 million to settle a lawsuit by customers who said the Wall Street bank exposed their personal data when it twice failed to properly retire some of its older information technology. A preliminary settlement of the proposed class action on behalf of about 15 million customers was filed on Friday […]
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Elon Musk’s Tesla Inc revealed on Sunday its quarterly deliveries, marking a new reported record, exceeding Wall Street expectations as the globe battles through a semiconductor crisis. For Tesla, this signaled a six consecutive quarter following its report highlighting its high record deliveries. The electric vehicles (EV) company supplied in its fourth-quarter 308,600 cars, surpassing […]
Riot Games revealed on Monday a final agreement to pay $100 million as a settlement to a gender-based discrimination class-action lawsuit going back to 2018. The lawsuit concerns California state agencies, alongside existent and former female employees working in the California-based gaming titan. According to the video games developer, the company is willing to finalize […]
Ex-TikTok video moderator is accusing parent company, ByteDance, of failing to take care of their employees’ mental wellbeing against a nearly endless barrage of traumatic footage viewed and filtered out daily throughout long working hours. Candie Frazier was subjected to viewing hours of disturbing content, including mass shootings, animal mutilation, child rape, suicide, cannibalism, gang violence, murder, […]
The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes will start their second week of deliberations Monday. Holmes faces 11 criminal charges alleging that she duped investors and patients by hailing her company’s blood-testing technology as a medical breakthrough when in fact it was prone to wild errors. The eight men and four […]
A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants. The Tagansky District Court ruled that Google repeatedly neglected to remove the banned […]
Beijing is planning to further tighten its grip on its tech sectors as its intensified its tech policies and regulations for overseas listing for China rising tech start-ups. China’s months-long regulatory campaign on its tech titans has left companies craving the sellout of their stakes abroad in order to register with the proposed guidelines by […]
Japan’s Cabinet approved a record 5.4 trillion yen ($47 billion) defense budget for fiscal 2022 on Friday that includes funding for research and development of a new fighter jet and other “game-changing” weapons as Japan bolsters its defense capabilities in response to China’s growing military might and its tensions with Taiwan. The 1.1% budget increase […]
The U.S. has opened a formal investigation into the potential for Tesla drivers to play video games on a center touch screen while the vehicle is in motion. In a document posted Wednesday on its website, the agency says the feature, called “Passenger Play,” may distract the driver and increase the risk of a crash. […]
Intel Corp. apologized Thursday for asking suppliers to avoid sourcing goods from Xinjiang after the chipmaker became the latest foreign brand to face the fury of state media regarding the region, where the ruling Communist Party is accused of widespread abuses. The company, in a statement on its social media account, said the reference to […]