The complex three-way deal announced late Sunday night to split Spirit AeroSystems between Boeing and Airbus, returning the huge Boeing manufacturing facilities it sold two decades ago, was engineered by Spirit AeroSystems CEO Pat Shanahan. Just four months after Boeing announced its intention to take back most of this critical supplier, Shanahan secured the deal … Read more
Artificial intelligence may increase cyber threats in 2024 Cyber security expert says advances in AI will increase cyber threats in 2024 04:23 Nearly half a million members of Patelco Credit Union, with branches throughout the Bay Area and Northern California, lost access to banking services after a ransomware attack over the weekend. The Dublin-based credit … Read more
A federal judge is expected to decide soon whether to allow the Federal Trade Commission’s ban on non-compete clauses to go into effect in September. The decision could affect about 30 million people. AILSA CHANG, host: A nationwide non-compete ban is set to take effect on September 4. These are agreements that prevent employees from … Read more
Deere & Co. is laying off about 600 workers as the farm equipment maker deals with falling demand. Deere confirmed Monday that the manufacturing positions being cut are concentrated at two plants in Iowa and one at its base in Moline, Illinois, where 280 workers will be laid off on Aug. 30. A total of … Read more
Warner Bros. Discovery has shown early interest in exploring a partnership with Paramount Global to combine WBD’s Max and Paramount+, according to sources. Paramount Global, after its controlling shareholder Shari Redstone called off merger talks with Skydance Media last month, is proceeding under a new strategic plan under three co-CEOs to cut costs, explore the … Read more
The millionaire investment banker who allegedly punched a woman in the face at a Brooklyn Pride event last month turned himself in to cops on Monday. Jonathan Kaye, 52, faces two counts each of third-degree assault and threatening, a misdemeanor, and one count of second-degree harassment, a misdemeanor, for the attack caught on camera that … Read more
DUBLIN – Half a million people on Monday were still locked out of their Patelco Credit Union accounts after a security breach on Saturday shut down banking operations with no clear solution in sight. Patelco President and CEO Erin Mendez on Saturday sent a system-wide email telling customers of a “serious security breach” that required … Read more
Keith Gill — the meme-sharing influencer known as “Roaring Kitty” and “DeepF-Value” who has raised millions on X and Reddit behind GameStop — briefly faced a lawsuit alleging he knowingly misled his followers. his faithful to reap millions of dollars in profits. The lawsuit was voluntarily dismissed by plaintiff Martin Radev on July 1. The … Read more
The Trump Organization has signed a new deal with a Saudi real estate company to build a high-rise residential tower in the city of Jeddah, expanding the family’s close ties to the kingdom. Saudi Arabia has become one of the few reliable sources of growth for the Trump family’s business operations, as new real estate … Read more
Paramount Studios in Los Angeles, California, USA on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. If it reaches a deal, it could start a new wave of broadcast partnerships that could put … Read more