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☆ Meet nuclear power's newest fans: data centers
▼ + stars: | 2024-05-06 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +11 min

The deal illustrates data centers' new-found interest in nuclear power. Joe Dominguez, the CEO of Constellation, the nation's largest operator of nuclear plants, said in a March earnings call that powering data centers with nuclear energy was "kind of a perfect marriage." AdvertisementVistra, another nuclear owner, also indicated it was arranging data center deals for a nuclear plant it owns in Ohio and one in Texas. Greg Poulos, the executive director of a PJM watchdog group, said that "one of my highest priority, highest radar items" is how data centers could push costs onto consumers and also whether nuclear data centers deals could reduce grid reliability. Beyond the nuclear optionNot all data centers, of course, are seeking out nuclear power to seize their energy independence.

Persons: —, Wes Swenson, Swenson, Joe Dominguez, Jim Burke, Ralph La Rossa, La Rossa, Steve Helber, Burke, Dominguez, PJM, Michael Jacobs, Brian Janous, Greg Poulos, Poulos, Biden Organizations: Service, Susquehanna, Amazon, Business, US Energy Information Administration, Nuclear, Constellation, Public Service Enterprise Group, Microsoft, International Energy Agency, Dominion Energy, Talen Energy, Energy, Union of Concerned Locations: Pennsylvania, Salt Lake City, Ohio, Texas, New Jersey, Our, Jersey, Virginia, Chester , Va, Susquehanna, Chicago, New York City

☆ Why are shopping carts always broken?
▼ + stars: | 2024-02-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

The notoriously combative wheels are actually created by the repeated battering that shopping carts are often subject to, explained Alex Poulos. Rogers, which supplies thousands of shopping carts to companies like Whole Foods, Tractor Supply Company and Meijer. Customers push shopping carts outside a Lidl Stiftung & Co. KG supermarket in Berlin, Germany, on Tuesday, Oct. 4, 2022. The ethics of returning shopping cartsConsumers bear some of the responsibility for the banged up and broken qualities of their shopping carts. A supermarket employee returns shopping carts in the Market Basket parking lot in Plymouth, Massachusetts, during a fast-moving winter storm that hit the US Northeast February 13, 2024.

Persons: New York CNN —, Alex Poulos, Poulos, Rogers, Krisztian Bocsi, ”, Alvar Diaz, Christopher Furlong, they’re, Beth Thieme, Ken McGagh, Diaz Organizations: New, New York CNN, R.W, Tractor Supply, Meijer, CNN, Customers, Stiftung, KG, Bloomberg, Getty, Aldi, Tesco, Lidl, Amigo Mobility, Reuters Retailers, Walmart, Target Locations: New York, Berlin, Germany, Europe, Tarleton, United Kingdom, United States, Plymouth , Massachusetts

☆ Where are they now: The many fascinating Bridgewater employees from the book on Ray Dalio 'The Fund'
▼ + stars: | 2023-11-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +17 min

The new book, "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" — which Dalio and his lawyers have pushed back against — describes everything from Bridgewater's investment process to internal grudges and backstabbing to allegations of sexual harassment. Here are the places where the dozens of Bridgewater employees and consultants named in the book ended up. Dalio, the book said, wrote into the firm's bylaws that he could never hold that title again. Before that, she was the head of investment research and a co-chief investment officer for sustainability. He's worked at different funds since leaving in 2006, including Larch Lane Advisors and Bonaccord Capital as an investor and business-development professional.

Persons: Rob Copeland's, Ray Dalio, Dalio, —, Bridgewater, Greg Jensen, YouTube Dalio, nixed, Copeland, He's, Jensen, Eileen Murray, Morgan Stanley, David McCormick, Dina Powell, McCormick, Dave McCormick, Michael M, Nir Bar Dea, Stefanova, Dalio's, Paul McDowell, Bob Eichinger, McDowell, Eichinger, Jen Healy, Osman Nalbantoglu, Matthew Granade, Steve Cohen, Steve Cohen's Point72, Bob Prince, politicking, Karen Karniol, Bridgewater Associates Karen Karniol, Vladimir Putin, Bob Elliott, Elliott, James Comey, Winn McNamee, Barack Obama, Donald Trump, Hillary, Britt Harris, Bridgewater's, Julian Mack, L, Michael Partington, Spencer Stuart, Niko Canner, Jon Rubinstein, Beck Diefenbach Jon Rubinstein, Steve Jobs, Tom Adams, Rosetta Stone, J, Michael Cline, Cline, Kevin Campbell, Campbell, Craig Mundie, Bill Gates, Gates, Mundie, Bill Clinton, George W, Bush, David Ferrucci, IBM's Watson, Ferrucci, Keith Alexander, Alexander, Larry Culp, Culp, Jamie Gorelick, conscientiously, Clinton, Jared Kushner, Jesse Horwitz, Comey, Horwitz, Samantha Holland, Perry Poulos, Murray, Joe Sweet, Tara Arnold, Arnold —, Leah Guggenheimer, She's, Charles Korchinski, Harris, Kent Kuran Organizations: New York Times, Bridgewater Associates, Business, Bridgewater, YouTube, HSBC, Broadridge, Life Insurance, Wells, Treasury Department, Republican, Getty, GOP, Israel Defense Forces, Marto, Princeton University, McKinsey, Point72, Bridgewater didn't, Domino Data, CircleUp, FBI, Trump, of, University of Texas Investment Management Co, Apple, Dalio, Health, Cognition, Mundie, National Security Agency, Amazon, General Electric, Boston Globe, Electric, Trump White House, Harvard Law School, —, Hubble, Stefanova's Marto, HBR Consulting, MIO Partners, Burford, Larch Lane Advisors, Bonaccord, Eaton Partners, Stanford, NextEra Energy Resources Locations: Bridgewater, Connecticut, Pennsylvania, China, San Francisco, of Texas, Atlanta, WilmerHale, Asia, India, Shanghai, Singapore, Israel, Africa

☆ Spectacular cakes that’ll end your Fourth of July celebration with a bang
▼ + stars: | 2023-07-01 | by ( Kristie Collado | Meghan Hynes Cole | ) edition.cnn.com time to read: +5 min

Matt Armendariz / Food NetworkGet the Recipe: Waving Flag CakeStars and Stripes CupcakesThis impressive dual-frosting detail is easier to re-create than you think. Kate Mathis / Food NetworkGet the Recipe: Stars and Stripes CupcakesFlag CakeSo, you’re a fan of sheet cake? Stir just three tablespoons of red, white and blue sprinkles into the batter to create fun bursts of color in every slice. Matt Armendariz / Food NetworkGet the Recipe: Flag CakeStars-and-Stripes CakeTurn your typical layer cake on its side with a vertical stripe cake. Kate Mathis / Food NetworkGet the Recipe: Red, White and Blue Cake RollFireworks CheesecakeBoom!

Persons: Cakes, It’s, Matt Armendariz, Kate Mathis, Ryan Dausch, Jeff, Jeff Harris, Brent Harrewyn Organizations: Food

Poulos, Dominion’s co-founder and chief executive, spoke about his experience settling the historic lawsuit during an interview at the Sir Harry Evans Global Summit in Investigative Journalism in London. Dominion sued Fox News and parent company Fox Corp (FOXA.O) in 2021 over the network’s coverage of false vote-rigging claims about the voting technology firm. The settlement, which legal experts said was the largest struck by a U.S. media company, was announced by the two sides and the judge in the case at the 11th hour. Dominion’s settlement with Fox is part of a broader legal campaign by the company to seek accountability from companies and individuals whom it claims have spread falsehoods about its technology. The company is also suing former Trump lawyers Sidney Powell and Rudy Giuliani, conservative media networks One America News Network and Newsmax Media, and others.

☆ Dominion’s CEO: Why We Settled the Fox News Lawsuit - The New York Times
▼ + stars: | 2023-04-21 | by ( John Poulos | ) www.nytimes.com time to read: +1 min

On Tuesday, when we proudly walked into the Delaware Superior Court, we were going to trial. We knew our case was incredibly strong, and I still believe that at the end of the six-week trial, the jury most likely would have agreed. We had reviewed more than a million internal Fox documents and deposed dozens of people, and Fox’s legal team had reviewed more than a million of ours. At trial, we weren’t expecting any more shocking revelations — we frankly didn’t need any more. The settlement we negotiated accomplished two critical goals: allowing our employees and customers to move forward, and hitting Fox where it hurt most — its bank account.

NEW YORK, April 20 (Reuters) - The co-head of the private equity firm that owns Dominion Voting Systems said the company's $787.5 million settlement with Fox Corp (FOXA.O) held Fox accountable for spreading lies even if it did not apologize or admit wrongdoing. The settlement came with no apology or admission of wrongdoing on behalf of Fox, just an acknowledgement of the court's rulings finding some claims about Dominion to be false. Dominion and Staple Street achieved their goals by exposing the truth and Fox News' "offensive" actions and getting the media company to pay for them, Yaghoobzadeh said. In a statement following Tuesday's settlement, Fox said it was committed to the highest journalistic standards. Dominion funded the litigation through its own resources, without Staple Street or a third party providing financial backing, Yaghoobzadeh said.

"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Fox anchor Neil Cavuto broke into his news show "Your World" about 4:30 p.m. Eastern Time to report the settlement. In February court filings, Dominion cited a trove of internal communications in which Murdoch and other Fox figures privately acknowledged that the vote-rigging claims made about Dominion on-air were false. Dominion said Fox amplified the untrue claims to boost its ratings and prevent its viewers from migrating to other media competitors on the right. ANOTHER LAWSUIT PENDINGAdding to the legal risks for Fox, another U.S. voting technology company, Smartmatic, is pursuing its own defamation lawsuit seeking $2.7 billion in damages in a New York state court.

Fox agreed to a $787.5 million settlement with Dominion Voting Systems on Tuesday. But a senior media executive told Insider that insurance typically handles these types of payments. Fox Corp. had nearly $4.1 billion of cash on hand, according to comments made in February by company CEO Lachlan Murdoch. Fox Corp., which also owns assets such as the broadcast network and streamer Tubi, has a market capitalization of $17.61 billion as of Tuesday. In 2017, Fox also agreed to a $90 million "derivatives" settlement against company officers over sexual harassment issues at Fox News, according to Reuters.

"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Shares of Fox Corp closed up slightly at $34 per share, but were down 1% in after-hours trading after the settlement amount was disclosed. Fox Corp CEO Lachlan Murdoch told Wall Street analysts in February that the company had about $4 billion cash on hand. [1/5] Dominion CEO John Poulos and lawyers speak to the media after Dominion Voting Systems and Fox settled a defamation lawsuit for $787.5 million, avoiding trial, over Fox's coverage of debunked election-rigging claims, in Delaware Superior Court, in Wilmington, Delaware, U.S. April 18, 2023. Fox Corp reported nearly $14 billion in annual revenue last year.

☆ Fox News settles Dominion's defamation lawsuit for $787.5 million over election conspiracy theories just as the trial is about to start
▼ + stars: | 2023-04-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Fox News settled Dominion's defamation lawsuit over election conspiracy theories for $787.5 million. WILMINGTON, Delaware — Fox News settled Dominion Voting Systems's blockbuster defamation lawsuit just as it was about to go to trial, agreeing to pay it $787.5 million. In a press conference after Davis announced the settlement, Dominion CEO John Poulos criticized Fox for broadcasting lies about the company. Dominion first filed its lawsuit against Fox News and its parent company, Fox Corp., in March 2021. Representatives of Fox News arrive at the justice center for the Dominion Voting Systems' defamation lawsuit against Fox News, in Wilmington, Delaware.

☆ Abandoned shopping carts cost taxpayers thousands of dollars
▼ + stars: | 2023-01-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Abandoned shopping carts are a scourge to neighborhoods, as wayward carts block intersections, sidewalks and bus stops. There is no national data on shopping cart losses, but US retailers lose an estimated tens of millions of dollars every year replacing lost and damaged carts, say shopping cart experts. They pay vendors to rescue stray carts and fork over fines to municipalities for violating laws on shopping carts. “It is the shopping cart.” Another New York Times article in 1957 called the trend “Cart-Napping.”There’s even a book, “The Stray Shopping Carts of Eastern North America: A Guide to Field Identification,” dedicated to the phenomenon and a system of identification for stray shopping carts, much like guides for bird-watching. Coin-lock shopping cart systems are popular in Europe, and Poulos said more US companies are requesting coin-lock systems in response to the costs of runaway shopping carts.

☆ Trump raged against '60 Minutes' after it featured Dominion's CEO calmly dismissing his election-fraud theories
▼ + stars: | 2022-10-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Former President Trump responded angrily to Sunday's edition of '60 Minutes.' wrote Trump, and went on to push a series of conspiracy theories and baseless claims about election fraud and plots against him by the FBI. On "60 Minutes", Dominion boss John Poulos described to host Anderson Cooper the damage the disinformation pushed by Trump and his allies had caused. He went on to systematically dismiss conspiracy theories about the company. Dominion has launched major lawsuits against a number of businesses and right-wing media organisations which pushed conspiracy theories about the company, including a $1.9 billion lawsuit against Fox News.

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