DIRS.INFO The most relevant business & tech news

☆ U.S. Congress members demand answers on Andretti's exclusion from Formula 1
▼ + stars: | 2024-05-01 | by ( Sahil Kapur | ) www.cnbc.com time to read: +5 min

Twelve members of the U.S. Congress sent a letter to Formula 1 owner Liberty Media on Wednesday demanding answers for why it is excluding Andretti Global from the sport, giving the American team powerful new allies in its bid to enter F1. "Our team, Andretti Global, is part of every major racing discipline in the world. Last fall Formula 1's governing body, the FIA, accepted the racing team's push to join the grid, saying it met the criteria. Because we have an obligation to protect the American consumer, to protect American companies, and that is our first allegiance. The move marks an earthquake for F1 as Newey is widely regarded as the greatest car designer in the sport.

Persons: Mario Andretti, Andretti Cadillac, John James, Gregory Maffei, —, that's, Andretti, James, It's, Jim Jordan, Adrian Newey, Sebastian Vettel, Max Verstappen, Newey Organizations: Auto, U.S, Capitol, U.S . Congress, Liberty Media, Andretti Global, American, General Motors, Formula, Andretti, GM, Cadillac, Rep, FIA, Formula One Management, Miami, Prix, Las Vegas, Red Bull Racing, Red Bull, NBC News Locations: U.S, Michigan, America, Ohio, Austin

☆ NBA All-Star Weekend: Steph Curry and Sabrina Ionescu to go head-to-head to crown basketball’s best three-point shooter
▼ + stars: | 2024-02-17 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

The two sharpshooters will face off over All-Star Weekend in the first NBA vs. WNBA three-point contest to settle a long-running debate. Gary A. Vasquez/USA TODAY Sports/ReutersA dream crossover match-upCurry is a two-time NBA three-point contest champion and holds the league’s record for most career three-pointers made (3,642). However, in 2023, Ionescu set the WNBA record for most three-pointers in a single-season (128). ET, before the three-point contest showcases some of the best talent from deep. Curry vs. Ionescu and the Slam Dunk competition then round out the evening.

Persons: Steph Curry, Sabrina Ionescu, ” Ionescu, “ We’re, ” Curry, Stephen, Sabrina ’ Curry, Ionescu, Curry, Gary A, Vasquez, ”, “, Elsa, Malik Beasley, Jalen Brunson, Tyrese Haliburton, Damian Lillard, Lauri Markkanen, Donovan Mitchell, Karl, Anthony Towns, Trae Young, Gainbridge, Giannis Antetokounmpo, LeBron James, Joel Embiid, ’, CNN’s Ben Church Organizations: CNN, NBA, WNBA, Lucas Oil, TNT, Los Angeles Lakers, NBA Foundation, York, Connecticut Sun, Indiana Pacers, Eastern, Western, East, Black Colleges, Universities, Virginia Union, Winston, Salem State, G League, –, G, Indian Convention, TNT Sports, Turner Sports, Warner Bros, Discovery, Warner Bros . Locations: Indianapolis , Indiana, Indianapolis, Salem

☆ Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why
▼ + stars: | 2024-01-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway continued to buy Liberty Media's tracking stock for New York-based satellite radio company SiriusXM in a likely merger arbitrage play. Billionaire John Malone's media conglomerate currently owns 84% of Sirius XM and has two tracking stocks that represent that stake in the streaming satellite music service — Liberty Media Corp. Series A shares, or LSXMA , and Liberty Media Corp. Series C shares, or LSXMK . Under the terms of the deal, expected to close early in the third quarter, each Liberty Media Sirius tracking share will be exchanged for 8.4 "new" SIRI shares, while "old" SIRI shareholders would receive new shares in a one-for-one exchange. Berkshire loading up In the past week, Warren Buffett's conglomerate added 438,945 shares of LSXMA and 1 million shares of LSXMK for nearly $45 million combined, according to regulatory filings . Berkshire first bought LSXMK in 2016 and now owns almost 22% of the tracking stock, according to FactSet.

Persons: Berkshire Hathaway, John, SIRI, Warren, Buffett, Ted Weschler, Todd Combs, Seth Klarman's Baupost, SIRI overvalued, Wells, Steven Cahall, Cahall, Jason Bazinet, Charlie Munger, Charlie, hasn't Organizations: Berkshire, Liberty, Sirius XM, — Liberty Media Corp, Liberty Media Corp, Nasdaq, Liberty Media, Liberty Media Sirius, Sirius XM Holdings, Sirius, Citigroup, Activision Blizzard, British Columbia Power, Monsanto, Bayer AG, IBM Locations: New York, Berkshire, LSXMA, LSXMK, Omaha

Many U.S. oil producers are pumping only enough oil to keep production flat and turning over more profit to investors. Shale gas producers have struggled all year and have not been able to reduce drilling fast enough to counter weak prices. But U.S. oil and gas producers are not looking to spend more, executives said. NOV's average earnings estimate for the fourth quarter was slashed by 7%, while pressure pumping provider Liberty Energy (LBRT.N)'s was trimmed by 3%. "At this point, we still are counting on the fourth quarter to be worse," said Rystad analyst Justin Mayorga.

Persons: Clay Williams, Michael Stock, Justin Mayorga, Samuel Sledge, Kevin Neveu, Helmerich, Payne, Neveu, Baker Hughes, Arathy Somasekhar, Tomasz Janowski Organizations: HOUSTON, Street, North, Liberty Energy, ProPetro, Rystad Energy, INTERNATIONAL, Exxon Mobil, Chevron, Drilling, Halliburton, Thomson Locations: U.S, North America, Alaska, Hawaii, United States, Kuwait, American, Houston

☆ Charter CEO Chris Winfrey discusses media industry outlook on Liberty's investor day
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharter CEO Chris Winfrey discusses media industry outlook on Liberty's investor dayCharter CEO Chris Winfrey joins 'Squawk on the Street' to discuss whether Winfrey still considers Charter a growth company, the temporary growth impacts affecting the company, and more.

Persons: Chris Winfrey, Winfrey Organizations: Email

Alsu Kurmasheva, an editor with Radio Free Europe/Radio Liberty's (RFE/RL) Tatar-Bashkir Service, poses in this undated handout photo. Alsu Kurmasheva, an editor with Radio Free Europe/Radio Liberty’s Tatar-Bashkir Service who holds both U.S. and Russian passports, travelled to Russia on May 20 for a family emergency. Radio Free Europe/Radio Liberty, which has headquarters in Prague and Washington, says its mission is to "promote democratic values by providing accurate, uncensored news and open debate in countries where a free press is threatened and disinformation is pervasive". During the Cold War, RFE/RL transmitted news to audiences behind the Iron Curtain. "Journalism is not a crime and Kurmasheva’s detention is yet more proof that Russia is determined to stifle independent reporting."

Persons: Alsu Kurmasheva, Russia detains, Evan Gershkovich, Alsu, Kurmasheva, Jeffrey Gedmin, Gulnoza Said, Guy Faulconbridge, Lincoln, Gareth Jones Organizations: Radio Free, Liberty's, RFE, Graphics, REUTERS Acquire, Russia, Russia detains RFE, Free, Radio Liberty, Wall Street, The State Department, Bashkir Service, Soviet Union, West . Radio Free, U.S, Congress, U.S . Agency for Global Media, U.S . Central Intelligence Agency, Protect Journalists, Central Asia, Thomson Locations: Radio Free Europe, Bashkir, Russian, MOSCOW, Russia, Free Europe, Ukraine, U.S, Prague, RUSSIA, Soviet, West . Radio Free Europe, Washington, Europe, Central

NEW YORK (AP) — Jonquel Jones and the New York Liberty wouldn't let the season end just yet. She scored 27 points and Breanna Stewart added 20 to help the New York Liberty beat the Las Vegas Aces 87-73 on Sunday in the WNBA Finals and force a Game 4. “She was huge for us,” Liberty coach Sandy Brondello said of Jones, who came to the Liberty in a trade in the offseason. BIG APPLE BASKETBALL IS BACKThis was the first WNBA Finals game in New York since 2002, when the Liberty were swept by the Sparks. No New York basketball team in either the NBA or WNBA has made it that far since.

Persons: — Jonquel Jones, New York Liberty wouldn't, Breanna Stewart, “, ” Jones, Jones, ”, Sandy Brondello, we've, Teresa Weatherspoon's, A'ja Wilson, Stewart, Betnijah Laney, Jackie Young, Chelsea Gray, Becky Hammon, Kelsey Plum, Wilson, Angeles Sparks, ” Wilson, Adam Silver, Dawn Staley, Sue Bird, Tony Parker, Plum, Sparks, Hammon, ” Hammon, Vickie Johnson, Crystal Robinson, Sue Wicks, Weatherspoon, Richie Adubato, Sabrina Ionescu, Joan Jett, Jason Sudeikis, Michael Shannon, Robin Roberts, Lil, Kim, ___ Organizations: New York Liberty, Las Vegas Aces, WNBA, Aces, Liberty, Houston, Las, Angeles, Houston Comets, Seattle, New, ., BIG, New York, York, NBA, Nets, Knicks, Hammon Locations: . New York, Las Vegas, New York, York, New York City

LYNCHBURG, Va. (AP) — Liberty University failed to warn its Virginia campus community about safety threats, including from individuals accused of sexual violence, and systematically underreported crime statistics, according to a Washington Post report on the preliminary findings of a long-running federal investigation. Political Cartoons View All 1196 ImagesLiberty repeatedly violated a law known as the Clery Act, according to the preliminary report. The federal law requires colleges and universities that receive federal funding to disseminate an annual security report to employees and students. The litigation was filed under under Title IX, the federal law that protects against sex discrimination in education and often overlaps with Clery. The women alleged that Liberty’s strict honor code made it “difficult or impossible” for students to report sexual violence.

Persons: Larry Nassar, Dondi Costin, Jerry Falwell, Liberty, Jerry Falwell Jr, Falwell Organizations: — Liberty University, Washington Post, Christian, U.S . Education, Liberty, Department of Education, Associated Press, Michigan State, Education Department, “ Liberty University, Clery Locations: LYNCHBURG, Va, Virginia, USA, Michigan, Lynchburg

☆ Liberty star Stewart named WNBA MVP
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Sep 24, 2023; Brooklyn, New York, USA; New York Liberty forward Breanna Stewart (30) brings the ball up court in the fourth quarter against the Connecticut Sun during game one of the 2023 WNBA Playoffs at Barclays Center. "Stewie’s first season with the New York Liberty has been nothing short of historic on every level," Liberty General Manager Jonathan Kolb said in a statement. Alyssa Thomas, a forward for the Connecticut Sun, finished second in the voting in a close race while last year's MVP, Las Vegas Aces center A'ja Wilson, finished third. Stewart, the Liberty's first MVP, arrived in Brooklyn this season as one of the most highly sought-after free agents following her prolific tenure in Seattle. The twice Finals MVP finished second in scoring and third in both rebounding and total blocks, with a career-best average of 23 points per game.

Persons: Breanna Stewart, Wendell Cruz, Jonathan Kolb, Alyssa Thomas, A'ja Wilson, Stewart, Amy Tennery, Toby Davis Organizations: New York Liberty, Connecticut Sun, Barclays Center, National Basketball Association, Brooklyn, Seattle Storm, WNBA, Liberty, Las Vegas Aces, Thomson Locations: Brooklyn , New York, USA, Brooklyn, Seattle, New York

☆ CD Projekt's 'Phantom Liberty' rated very positive on Steam
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

GDANSK, Sept 26 (Reuters) - "Phantom Liberty", the long-awaited expansion to Polish video game developer CD Projekt's (CDR.WA) flagship game "Cyberpunk 2077", had received a "very positive" rating on Steam platform based on 1,067 user reviews just few hours after game's launch on Tuesday. Cyberpunk 2077, which is offered at a 40% discount, has led the top sellers chart on Steam platform since Monday, with Phantom Liberty in second place. The release of Phantom Liberty is CD Projekt's first major game premiere since bug-ridden launch of Cyberpunk 2077 in December 2020. "Phantom Liberty is Cyberpunk 2077 at its best. The expansion is the last project to be developed on CD Projekt's own technology RED Engine, with the company switching to external Unreal Engine for its upcoming developments, that include Cyberpunk sequel.

Persons: Keanu Reeves, Johnny Silverhand, Idris Elba, Solomon Reed, Adrianna Ebert, Kirsten Donovan, Michael Perry Organizations: Phantom Liberty, Liberty, PlayStation, GameSpot, Thomson Locations: GDANSK, American

☆ Hedge funds are scrambling into these stocks with conviction, says Morgan Stanley
▼ + stars: | 2023-08-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors on the hunt for the new stock ideas may want to take a look at these name that garnered increased interest from hedge funds during the second quarter, according to Morgan Stanley. Here are some of the companies that made the list: Liberty Media experienced the largest uptick in ownership during the period, up 22.5%, according to Morgan Stanley's analysis. LSXMA YTD mountain Liberty Media shares year to date During the second quarter, Liberty Media remained among Baupost's top positions , with the Seth Klarman-led fund retaining a $486 million stake in the company. The company agreed to merge with UFC during the second quarter to create a new publicly traded company controlled by Endeavor . Shares have risen more than 63% this year, and ownership ticked up nearly 9% during the second quarter.

Persons: Morgan Stanley, Morgan, John Malone, Seth Klarman, Macy's, — CNBC's Michael Bloom, Yun Li Organizations: Liberty Media, Sirius XM Holdings, Entertainment, Pfizer, Wrestling Entertainment, UFC, Endeavor Locations: Seagen

☆ Liberty SiriusXM shares get a shake-up. Here's a breakdown of the new structure
▼ + stars: | 2023-08-04 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Investing alongside Malone is complicated for individuals because Liberty Media has a string of tracking stocks for all its different businesses. The media conglomerate has two tracking stock groups: Liberty SiriusXM Group and Formula One Group. Liberty Media owns Formula One, which trades under tracking stock Liberty Media Formula One . Live Nation trades under its common stock ticker LYV, while's Liberty's share is available under the LLYVA and LLYVB tracking stocks. For the new Liberty SiriusXM tracking stocks LSXMK and LSXMA, the reclassification could help narrow the stock's wide discount to its net asset value, according to Citi.

Persons: John, Malone, SIRI, while's, BATRA Organizations: Liberty Media, Sirius XM Holdings, Entertainment, Liberty SiriusXM Group, Formula One, Nation Entertainment, Live, Major League Baseball's, Atlanta Braves, Liberty Media Corp, Nasdaq, Liberty, Citi Locations: New York

☆ Sirius XM shares pull back after 'wild' gains with short squeeze in focus
▼ + stars: | 2023-07-21 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

July 21 (Reuters) - Shares in Sirius XM Holdings (SIRI.O) were down 10.5% on Friday, erasing some of their dramatic gains in the previous day's session with analysts attributing the volatility to a short squeeze, as well as a rebalance of the Nasdaq 100 (.NDX). U.S. satellite and online radio company, Sirius XM, which is majority owned by Liberty Media (FWONA.O), last traded at $6.99 after closing up 42% at $7.81 on Thursday for its biggest one-day percentage gain since March 2009. A short squeeze is when these investors are forced to quickly cover their bets to limit losses if a stock gains ground instead of falling. "However, the large number of shares held short along with a relatively small float provided fertile ground for a short squeeze as seen on July 20," wrote Macker who estimates a $7.50 fair value for the stock. Evercore analyst Vijay Jayant said the upcoming rebalance of the Nasdaq 100, of which Sirius is a member, was also a factor for the short squeeze as well as related options trading.

Persons: Neil Macker, Macker, Vijay Jayant, Jayant, David Joyce, Joyce, Sinéad Carew, Medha Singh, Lance Tupper, Sharon Singleton Organizations: Sirius XM Holdings, Nasdaq, Sirius XM, Liberty Media, Atlanta Braves, Sirius, Liberty's, Research Partners, Thomson

☆ Fact Check-Video of North Carolina official citing dictators stripped of context online
▼ + stars: | 2023-07-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A video clip showing North Carolina Lieutenant Governor Mark Robinson’s address at a 2023 Moms for Liberty summit has been cropped to appear as though he endorsed multiple 20th century dictators in his remarks. Mark Robinson (R) says dictators like Hitler, Stalin and Mao are being taken out of context and promotes reading their writings. Hitler followed that by ordering leftist leaders sent to concentration camps or assassinated, as explained in the Britannica article. Currently serving as Lieutenant Governor for North Carolina (here), Robinson joined the state’s gubernatorial race in April 2023 (here). The video clip shared with a claim that it shows Mark Robinson endorsing dictators omits context.

Persons: Mark Robinson’s, Robinson, Adolf Hitler, Mao Zedong, Stalin, Pol Pot, Fidel Castro, despots, ”, Mark Robinson, Hitler, Mao, ’ ”, Pol, Fidel, Castro, Adolph Hitler, Read Organizations: Liberty, Philadelphia, Gov, Facebook, Twitter, YouTube, Reuters Locations: Carolina, North Carolina, Cuba, Germany

☆ Putin's embattled defense minister Shoigu appeared in a video released after the Wagner mutiny that experts say is confusing and feels off
▼ + stars: | 2023-06-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russian defense chief Shoigu appeared in a video released after the Wagner Group's armed rebellion. Moscow published the video purportedly showing Shoigu in Ukraine, though its unclear when it was filmed. Some Russian milblogger channels have arrived at the same conclusion, that the video of Shoigu was older footage. Yevgeny Prigozhin, founder of the notorious Wagner mercenary organization, has long criticized Moscow's military leadership over its handling of the war in Ukraine. Russia denied the allegations, but it didn't stop Prigozhin from openly encouraging his mercenaries to take up arms against the defense ministry in open rebellion.

Persons: Shoigu, Wagner, Yevgeny Prigozhin's, —, Sergei Shoigu, General Yevgeny Nikiforov, Yevgeny Nikiforov's, Sergei Shoigu's, Jimmy Rushton, Mark Krutov, Yevgeny Nikiforov, I'm, Dara Massicot, Yevgeny Prigozhin, Prigozhin, Valery Gerasimov, Russia's, Moscow's, Volodymyr Zelenskyy, Don, Stringer, Vladimir Putin's, Putin, he's, Antony Blinken, Jens Stoltenberg Organizations: Service, Russian Defense, Wagner Group, Russian Ministry of Defence, Twitter, Radio Free, Radio Liberty's, Russian Ministry of Defense, RAND Corporation, Prigozhin Press Service, Prigozhin Press, Associated Press, Don REUTERS, Stringer Western, ABC News, NATO, Ukraine Locations: Moscow, Ukraine, Russian, Radio Free Europe, Radio Liberty's Russia, Shoigu, Rostov, Don, Russia, Belarus, Ukrainian, Kyiv

☆ F1 should strike deal while iron is hot, says rights holders
▼ + stars: | 2023-05-05 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Liberty Media CEO and President Greg Maffei said stakeholders should come together, "strike while the iron is hot" and extend the current agreement that runs through 2025. The deal with Liberty Media, the governing FIA and teams sets out the terms and commercial arrangements under which the teams race. I think Liberty has done a great job with the sport. "The digital age has advanced since we did the last agreement and I think it needs to be discussed. "But I think for the most part it is a solid agreement, it's working so we don't need to fix what is not broken."

☆ A regiment of drafted Russian soldiers who made video plea to Putin to stop them being 'slaughtered' are now mostly dead, report says
▼ + stars: | 2023-03-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Drafted Russian soldiers made a video appeal to Vladimir Putin for help. Most of the soldiers in the regiment have died in Donetsk since recording the video, a report says. "Please help," the soldiers say in the video while in their uniforms with their faces covered. In the video, which was published by Telegram channel of the Siberian news outlet Lyudi Baikala on February 25, the soldiers directly ask Putin for help. The video was the soldiers' third such appeal, according to the Russian outlet The Insider.

☆ Delphi murder suspect appears in court as judge rules trial will remain in county, gag order continues
▼ + stars: | 2023-01-13 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Judge Frances C. Gull issued a gag order in December, after Allen's lawyers shared a press release defending his name. On Friday, Gull ruled that gag order will stay in place, John McGauley, Court Executive of Allen County said. Gull also ruled that the trial will not be moved to another county, but instead a jury pool from another county can be selected. Gull gave the prosecution and defense one week to agree on a county to elect a jury from and bring it to Carroll County. Their bodies were found the next day in woods area near the Delphi Historic Trail, a half-mile upstream from the bridge.

☆ Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it
▼ + stars: | 2023-01-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. But it remains unclear what type of role, if any, McMahon would want at WWE if he sold the company. WWE has a market capitalization of more than $6 billion after rising nearly 17% percent on Friday, buoyed by heightened sale speculation. McMahon's company already has an exclusive streaming deal with Comcast's streaming service, Peacock, and a cable TV deal with NBCUniversal's USA Network. Fox sold off most of its entertainment assets in its $71 billion sale to Disney in 2019, but WWE fits with the smaller company's sports and live events focus.

☆ Trump sells out of his NFT 'trading cards' depicting him as a hero, raking in over $1 million: report
▼ + stars: | 2022-12-16 | by ( Kayla Gallagher | ) www.businessinsider.com time to read: +3 min

Donald Trump's recent "major" announcement was that he was selling NFT 'trading cards' of himself. The cards sold out early Friday and some buyers were entered to win a "priceless" meeting at Mar-a-Lago. Trump's "major" announcement came on Thursday when he released limited edition virtual trading cards, which he likened to baseball cards. The trading cards, which were licensed and owned by NFT INT LLC, not Trump or the Trump Organization, featured images Trump says pertain to his own life, showing him as a racecar driver, astronaut, boxer, sheriff, and elephant rider. One card featuring Trump holding the Statue of Liberty's torch, was selling for nearly $24,000, according to Open Sea.

Search resuls for: "Liberty's"

20 mentions found