DIRS.INFO The most relevant business & tech news

Fox will pay $6 million, and CBS, now known as Paramount Global (PARA.O), will pay $5 million, the court filing showed. Representatives for Cox, Fox and CBS either declined to comment or did not immediately respond to a message seeking comment. Representatives from those defendants either declined to comment on the pending litigation or did not immediately respond to messages seeking comment. Plaintiffs' attorney Megan Jones at law firm Hausfeld, on Tuesday did not immediately respond to a message seeking comment. The case is In re: Local TV Advertising Antitrust Litigation, U.S. District Court for the Northern District of Illinois, No.

Persons: Cox, District Judge Virginia Kendall, schemed, Sinclair, Kendall, Megan Jones, Hausfeld, Freed, Robins Kaplan, Jennifer Giordano, George Cary, Cleary Gottlieb Steen, Nathan Eimer, Eimer Stahl, Weil, Brian Sher, Bryan Cave Leighton, Mike Scarcella, Leigh Jones Organizations: Fox, CBS, Cox Media Group, Fox Corp, CBS Corp, Northern, Northern District of Illinois, Paramount Global, U.S, District Judge, Cox, Sinclair Broadcasting Group Inc, Scripps Company, TEGNA Inc, U.S . Justice Department, Local, Antitrust Litigation, Northern District of, Millen, Latham, Watkins, Hamilton, Thomson Locations: U.S, Northern District, Chicago, Northern District of Illinois

☆ Hyundai Motor Group, LG Energy to build $4.3 bln EV battery plant in US
▼ + stars: | 2023-05-26 | by ( ) edition.cnn.com time to read: +1 min

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits. Vehicles from Hyundai Motor Co and sister automaker Kia Corp are currently not eligible. Hyundai Motor Group, the world’s third-largest automaker by vehicle sales, is building EV and battery manufacturing facilities in Bryan County in the state, where its joint factory with LGES will be based. LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and autoparts maker Hyundai Mobis Co Ltd, will each own 50% of the joint venture. In April, Hyundai Motor finalized a $5 billion EV battery joint venture in the United States with SK On, a battery unit of SK Innovation Co Ltd, boosting electrification efforts in its largest market.

Persons: LGES, ”, Youngsoo Kwon Organizations: Hyundai Motor Group, LG Energy, EV, Vehicles, Hyundai Motor Co, Kia Corp, Hyundai, Kia, Hyundai Mobis Co, Tesla, General Motors, Hyundai Motor, SK, SK Innovation Co Locations: United States, Georgia, Bryan County, America

SEOUL, May 26 (Reuters) - South Korea's Hyundai Motor Group and LG Energy Solution Ltd (LGES) (373220.KS) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits. Vehicles from Hyundai Motor Co (005380.KS) and sister automaker Kia Corp (000270.KS) are currently not eligible. [1/2] The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and autoparts maker Hyundai Mobis Co Ltd (012330.KS), will each own 50% of the joint venture. In April, Hyundai Motor finalised a $5 billion EV battery joint venture in the United States with SK On, a battery unit of SK Innovation Co Ltd (096770.KS), boosting electrification efforts in its largest market.

☆ The US Navy has its eyes on a new submarine base that will help it keep track of China's growing undersea fleet
▼ + stars: | 2023-05-21 | by ( Christopher Woody | ) www.businessinsider.com time to read: +9 min

As part of the AUKUS agreement, US and British subs will operate out of western Australia by 2027. The deal on the base comes as rivals, mainly China, increase their submarine activity in the region. Ray Mabus, then US navy secretary, departs a Chinese Yuan-class submarine in Ningbo in November 2012. The Defense Department report also says China's six operational Jin-class nuclear-powered ballistic-missile subs are likely already conducting "near-continuous at-sea deterrence patrols," a sign that China's submarine force continues to improve its operational capabilities. For the US Navy, those developments make the ability to base subs closer to the Western Pacific a greater priority.

May 8 (Reuters) - PacWest Bancorp (PACW.O) shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender's decision to slash its quarterly dividend failed to stem worries about its financial stability. Other U.S. regional banks also retreated. REUTERS/Mike Blake/File Photo 1 2The KBW Regional Banking index (.KRX) fell 2.82% after gaining nearly 4.7%. But hedge funds, which often engage in short selling, pushed back on Monday, saying in a letter to Gensler that a ban would be counterproductive. Yellen said it is in the SEC's purview to regulate short selling although there is a high bar for any controls if evidence of market manipulation was found.

May 8 (Reuters) - PacWest Bancorp (PACW.O) shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender's decision to slash its quarterly dividend failed to stem worries about its financial stability. "The dividend cut is not a good sign," said Jamie Cox, managing partner at Harris Financial Group. Other U.S. regional banks also retreated. The KBW Regional Banking index (.KRX) fell 1.5% after gaining nearly 4.7%. "I have a general fear that smaller banks are going to disappear, and we're going to end up with just a few large banks."

☆ NAIA power outage: Philippines to shut airspace on May 17 in bid to tackle recent outages
▼ + stars: | 2023-05-03 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

But getting there is not always a smooth journey, as anyone unfortunate enough to be at Manila’s airport during two crippling power outages this year discovered. Those outages, on Labor Day and New Year’s Day, caused widespread chaos with hundreds of flight cancellations affecting tens of thousands of passengers. In a bid to solve that issue, the Philippines will close the whole country’s airspace for 6 hours on May 17 to replace malfunctioning electrical equipment. “It’s the entire Philippine airspace that will be shut down,” Bryan Co, senior assistant general manager at the Manila International Airport Authority, said in a press briefing on Tuesday. The airport handled 48 million passengers in 2019, despite being designed to handle 31.5 million, it said, and the revamp is expected to cost $1.8 billion (100 billion Philippine pesos).

☆ An explosion of hidden 'junk fees' is making every home more expensive
▼ + stars: | 2023-05-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

The fee goes by many names: an administrative fee, a transaction fee, or even a "regulatory compliance" fee. Despite the controversy, all signs indicate that brokerages large and small have increasingly embraced the admin fee in recent years. The vast majority of real-estate agents are independent contractors who rely on commissions to earn a living. Admin fees may be one of the most polarizing topics among real-estate agents today. "I'm in a place in my business right now where I can justify paying that," the Las Vegas agent told me.

☆ Real estate agents are tacking ludicrous 'junk fees' on to every home purchase
▼ + stars: | 2023-05-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

☆ The US Navy is putting its submarines on rare public display in a message to Russia's growing undersea force
▼ + stars: | 2023-05-01 | by ( Christopher Woody | ) www.businessinsider.com time to read: +9 min

The US Navy has announced several visits by its subs to North Atlantic ports in recent years. Since 2020, when Norway allowed NATO subs to use a port near Tromsø, announcements of such visits appear to have increased. 'We're in your backyard'British Royal Navy attack submarine HMS Astute sails to the base at Faslane in November 2009. Russian Navy Yasen-class submarine Kazan at its base in Severomorsk on Russia's Arctic coast in June 2021. During the Cold War, US attack subs operated in the high north to get the Soviets to keep their attack subs close by to protect their ballistic-missile subs.

☆ Leaked memo reveals Disney's new finance structure as more layoffs loom, with a reported 15% of entertainment staffers to be cut
▼ + stars: | 2023-04-22 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +8 min

Disney's chief financial officer, Christine McCarthy, named a new finance team pulling together staff from both Disney Entertainment and ESPN. McCarthy shared the details with staff this week, naming Bryan Castellani as the new chief financial officer of Disney Entertainment and ESPN. Under Castellani, Lukas Wickart will continue to oversee finance for direct-to-consumer streaming business Disney+, ESPN+, Hulu, and Star. Karen Sack will oversee finance for our entertainment television businesses, including TV studios and ABC News finance, marketing, and networks planning. Jeff Grenn will oversee segment consolidation for Disney Entertainment, and finance in support of Aaron LaBerge's technology organization across Disney Entertainment and ESPN.

☆ Question: How are some bars boosting profits? Answer: Trivia nights
▼ + stars: | 2023-04-07 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

In February, she begged friends to come to Talea's first trivia night, fearing only a few players would show up. NYC Trivia League, which hosts trivia at over 100 venues across New York City, recently surpassed its weekly event count from early 2020 and the Covid-19 pandemic lockdown. Brooklyn Brewery has been hosting trivia nights with the NYC Trivia League since 2019. Bumpy road to recoveryWith so many new venues hosting trivia nights, Kostyo cautioned bars may "cannibalize each other" as more businesses try to plant their flag in the trivia space. On a trivia night, we are easily doubling our sales from the previous night.

☆ CeCé Telfer: After a regulation change for transgender athletes, CeCé Telfer is determined to 'keep pursuing her dreams'
▼ + stars: | 2023-03-31 | by ( Interview Amanda Davies | ) edition.cnn.com time to read: +7 min

CNN —CeCé Telfer calls it the moment her dreams seemed to be shattered as she questioned whether years of “blood, sweat and tears” were in vain. Last week, governing body World Athletics (WA) announced it would be prohibiting athletes who have gone through what it called “male puberty” from participating in female world rankings competitions. That includes Telfer, an American 400-meter hurdler who became the first out, transgender athlete to win an NCAA title in 2019. “The overriding feeling was definitely devastation for myself and for many around the world,” Telfer, speaking about her initial reaction to the announcement, tells CNN Sport in an exclusive interview. “I’m still going to keep pursuing my dreams and keep competing and keep running as much as I can, wherever I can, however I can,” Telfer adds.

☆ Play ball - more quickly! New rules aim to speed MLB games
▼ + stars: | 2023-03-28 | by ( Amy Tennery | ) www.reuters.com time to read: +4 min

The new rule gives the pitcher 15 seconds in between pitches with the bases empty and 20 seconds with runners on base. Another major change - outlawing the shift - will allow for more hits, making games more exciting for fans. In 2003, the average time of a nine-inning game was two hours and 46 minutes, according to Elias Sports Bureau. An MLB memo obtained by Reuters last week showed the pitch clock was already having its intended effect. The average number of violations per game also dropped from 2.03 in the first week to 1.03 by mid-March.

☆ A professor says he's stunned that ChatGPT went from a D grade on his economics test to an A in just 3 months
▼ + stars: | 2023-03-26 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

An economics professor was stunned by the progress ChatGPT made in an exam in just three months. Bryan Caplan of George Mason University said the chatbot got a D in his economics test in January. Bryan Caplan, an economics professor at George Mason University, told Insider the latest version of ChatGPT could now be responsible for the first big bet he's ever lost. Caplan told Insider the bot failed to understand basic concepts, such as the principle of comparative and absolute advantage. "I'm probably going to lose this AI bet but I am totally on board to do a bunch more end-of-the-world AI bets because I think these people are out of their minds."

☆ The future of the U.S. military's tank force
▼ + stars: | 2023-03-25 | by ( Brad Howard | ) www.cnbc.com time to read: +2 min

"The Russian tanks didn't fare well," said William D. Hartung, senior research fellow at the Quincy Institute. "They were taken out pretty quickly by modern anti-tank systems. And I think that would be a problem also for U.S. tanks in a future conflict." "It's pretty obvious from that, that the tank is still an important part of the battlefield." Watch the video above to find out more about tanks and what military experts view as their potential relevance in future battles

☆ Nvidia CEO Jensen Huang's bet big on A.I. is paying off as his core technology powers ChatGPT
▼ + stars: | 2023-03-07 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

As the engine behind large language models (LLMs) like ChatGPT, Nvidia is finally reaping rewards for its early investment in AI. Nvidia counts on China for about one-quarter of its revenue, including sales of its popular AI chip, the A100. Nvidia Founder and CEO Jensen Huang shows CNBC's Katie Tarasov a Hopper H100 SXM module in Santa Clara, CA, on February 9, 2023. Nvidia founders Curtis Priem, Jensen Huang and Chris Malachowsky pose at the company's Santa Clara, California, headquarters in 2020. "We invented this new way of doing computer graphics, ray tracing, basically simulating the pathways of light and simulate everything with generative AI.

☆ ChatGPT and generative AI could be stopped in their tracks by copyright law. Here's how it could play out.
▼ + stars: | 2023-03-07 | by ( John Eden | ) www.businessinsider.com time to read: +9 min

Copyright rules could derail the technology of generative AI, writes copyright law expert John Eden. Copyright holders do not understand how their protected works are used by generative AI platforms — so they assume the worst. In both of these cases, copyright law may not provide human creators with the protection they want or need. Still, fair learning alone probably won't resolve all conflicts between copyright holders and generative AI platforms. An expert on copyright law, John also advises clients on how to protect their copyrighted works in an ever-changing commercial ecosystem.

☆ Super Bowl LVII commercials came with serious star power from Steve Martin, Jack Harlow, and Ben and Jen at Dunkin
▼ + stars: | 2023-02-13 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Dunkin' DonutsDunkin' Donuts staked an early claim, surprising viewers with a Super Bowl ad featuring Ben Affleck in a brief stint as a Dunkin' employee. T-MobileT-Mobile opted for a more low-key approach, recruiting movie star Bradley Cooper and his mother to pitch viewers on the benefits of the mobile carrier. At least, that's what the plan was when Cooper was signed to do the commercial, the ad says. DoritosDoritos has become one of the most notable Super Bowl advertisers in recent years, and the chip brand continued its run, calling on music star Jack Harlow for most of its triangle-themed ad. In the ad, Harlow decides he is going to quit rapping in order to pursue his new passion: the triangle.

☆ Take a Look at Some of the Best Super Bowl Ads Ahead of the Big Game
▼ + stars: | 2023-02-10 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Bryan Cranston and Aaron Paul return as Walter White and Jesse Pinkman in one of the much anticipated Super Bowl commercials. This year some advertisers have released what appear to be full-length Super Bowl commercials early, posting them to social media and YouTube. The Super Bowl has long been a kind of, well, Super Bowl for advertisers, leading companies to go bigger every year with their ads. The commercial pokes fun at corporate "rock stars" by splicing real rock and heavy metal icons into everyday office situations. Diddy does hitsA commercial released this week shows musician Diddy in a meeting with marketers from Uber who are asking him to write a song for the Uber One membership service.

☆ Democrats win control of Pennsylvania House, end GOP rule in competitive swing state
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: +4 min

Reading, PA - May 10: Pennsylvania State Rep and Democratic Leader Joanna E. McClinton speaks in front of Reading City Hall. Democrats won control of the Pennsylvania House in special elections Tuesday, wresting partial power from Republicans for the first time in a dozen years in the competitive swing state. Three of those Democratic seats quickly became vacant, casting uncertainty over who actually controlled the chamber. Democrats had been expected to win Tuesday's special elections, because they had easily won the same seats last fall. That's because Republican Rep. Lynda Schlegel Culver won a special election Jan. 31 to fill a vacant state Senate seat.

☆ Here's what you need to know about crypto's current price surge: Traders share bitcoin price estimates and how they think this rally will play out
▼ + stars: | 2023-01-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Bitcoin's price has rallied, up by 30% since its December low. This reduces the number of new coins being created, which tightens supply and kicks up demand, sending bitcoin's price spiking. He added that a real bull rally will only kick off within six months of the next bitcoin halving. Since market trading volume has been low relative to 2021, it doesn't take much to push the market in any direction, he said. Bitcoin's price plunged by 3.4% that afternoon before slightly recovering on Thursday.

Kristi and Steve Goncalves told Dateline that their daughter, 21-year-old Kaylee Goncalves, was due to graduate college early and had lined up a job with an IT firm in Austin, Texas. Kaylee Goncalves had just moved out of the house she shared with her longtime best friend, 21-year-old Madison "Maddie" Mogen. “These girls were best friends since sixth grade, like inseparable,” Kristi Goncalves said. “Maddie had been a huge part of our life.”Steve and Kristi Goncalves during an interview with Dateline on NBC. “I hope that maybe in a struggle, she pulled it off of him,” Kristi Goncalves said.

Alicia Victoria Lozano / NBC NewsAmong her must-have accessories this semester is a heavy flashlight with a strobe function that doubles as a baton. Brandon Moore, a freshman at Washington State University in Pullman. “It definitely makes you more aware of everyone around you.”Koryn Damiano, a sophomore at Washington State University in Pullman. Alicia Victoria Lozano / NBC NewsDamiano said she shares a sense of relief that the suspect has been caught. At the University of Idaho, students will have the option to take classes in self-defense, vigilance and stalking awareness.

Obviously, this is not a story about Washington, D.C., where Rep. Kevin McCarthy’s unsuccessful — and still ongoing — attempt to become speaker will go down in history. Gregory said he was joking around with state Rep. Tim O’Neal, a member of the Republican leadership, about tapping Rozzi to be speaker. State Democrats, however, list Rozzi as a Democratic speaker on their official website. House Republicans told NBC News they are not looking to work with Democrats to elect a more center-right speaker to govern their new majority. Gregory said the Pennsylvania election was "not really apples to apples" with the ongoing battle for control of the U.S. House.

Search resuls for: "Bryan C"

25 mentions found