DIRS.INFO The most relevant business & tech news

☆ 'Dupes' clothing, perfume craze lures holiday shoppers as major brands fret
▼ + stars: | 2023-11-20 | by ( Katherine Masters | ) www.reuters.com time to read: +7 min

Hashtag searches for dupes of major brands - including Skims underwear and Deckers' (DECK.N) Ugg boots - have been viewed millions of times on TikTok. Graphic shows pictures of four original products and their original prices under named brands compared with the prices of their 'dupe' counterparts. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale. In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.

Persons: Lauren Maginness, Shannon Stapleton, Maginness, Estee, Tom Ford, Dupes, “, ”, Penny Pincher, Leslie Ghize, Doneger Tobe, Calvin McDonald, Ian Taplin, Juozas Kaziukenas, Kaziukenas, Maria Boschetti, Mike Scheschuk, Birkenstock, Katherine Masters, Dorothy Kam, Vanessa O'Connell, Rod Nickel, Matthew Lewis Organizations: REUTERS, Abercrombie, Fitch, Scout, Walmart, Department, Nordstrom, Circana Inc, COMMERCE, Wake Forest University, eBay, Google, HK, Amazon, New, Thomson Locations: New York City, U.S, Hong Kong, TikTok, Los Angeles, Zara, Italy, New York

☆ In ousting CEO Sam Altman, ChatGPT loses its best fundraiser
▼ + stars: | 2023-11-18 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +4 min

OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I. But on Friday it was the earnest Altman who was upended after OpenAI’s board, in a surprise move, stripped him of his CEO title and directorship. Directors of the company, now worth about $80 billion, cited a failure to be "consistently candid in his communications." Further details of what finally led to the ouster of Altman were not immediately clear Friday. “You and a small group of rebels get the space to solve an important problem that might otherwise not get solved."

Persons: Sam Altman, Elizabeth Frantz, Sam Altman’s, Altman, Elon Musk’s, “, what’s, ” Altman, Satya Nadella, OpenAI, ”, Greg Bensinger, Diane Craft Organizations: Privacy, Technology, Intelligence, REUTERS, Microsoft, Wednesday, Google, Stanford, Thomson Locations: Washington , U.S, OpenAI, San Francisco, St, Louis , Missouri

☆ Bayard Rustin organized the 1963 March on Washington but was nearly written out of civil rights history because he was openly gay. He was also my life partner.
▼ + stars: | 2023-11-18 | by ( Yoonji Han | ) www.businessinsider.com time to read: +10 min

Bayard Rustin was a civil rights leader who organized the 1963 March on Washington. When he was one of Dr. Martin Luther King Jr.'s closest advisors, he was working 24/7 on civil rights activism. After meeting with New York Mayor Wagner to discuss racial tension in Harlem and Brooklyn, Dr. Martin Luther King, Jr. (right), Bayard Rustin (left), and Rev. When he passed, he was remembered mostly for organizing the 1963 March on Washington, which was a triumph not just personally, but also for the Civil Rights Movement. Bayard Rustin (left) and Cleveland Robinson (right) talk on either side of a sign advertising the March on Washington.

Persons: Bayard Rustin, Rustin, Walter Naegle, Yoonji Han, —, Bayard, Lincoln, Patrick A, Burns, Dr, Martin Luther King Jr, he'd, New York Mayor Wagner, Martin Luther King, Jr, Bernard Lee, Gracie, I've, I'm, Walter Naegle ., Dr . King, Cleveland Robinson, Al Gretz, Colman Domingo, Anger Organizations: Service, American Civil, Civil Rights Movement, New York Times Co, Getty, International Rescue Committee, New York, Civil Rights, Washington Locations: Washington, India, Harlem, Brooklyn

☆ ‘The Hunger Games: The Ballad of Songbirds and Snakes’ Review: Prequel Without a Purpose
▼ + stars: | 2023-11-17 | by ( Kyle Smith | ) www.wsj.com time to read: +1 min

Rachel Zegler and Tom Blyth Photo: LionsgateAlong with the “Twilight” series, the “Hunger Games” films now seem like an unfortunate artifact of Obama-era teen taste. Interest in the latter saga fizzled amid the unwise decision to stretch out the third novel in Suzanne Collins ’s trilogy with enough filler to constitute two films. As the audience sensed it was being exploited, the concluding chapter was the lowest-grossing one in the series. This time the lead actress is another young performer whom Hollywood hopes to turn into a global name, “West Side Story” and “Shazam! Fury of the Gods” star Rachel Zegler .

Persons: Rachel Zegler, Tom Blyth, Suzanne Collins ’, Jennifer Lawrence, Hollywood, Billy, Kid, Francis Lawrence Organizations: Lionsgate, Hollywood

HENRICO, Va. (AP) — Susanna Gibson lost her Virginia legislative race this month, but she may not be done with politics. But that is my plan.”Gibson said she had no idea the videos existed until they were brought to her attention by reporters. “What is newsworthy is abortion rights are on the line in Virginia,” she said. She won a competitive June primary and centered her message to voters on protecting abortion rights as the state's Republican governor, Glenn Youngkin, pledged to enact stricter limits. Abortion rights groups and a leading LGBTQ+ advocacy group continued to support her campaign.

Persons: — Susanna Gibson, Gibson, I’m, ” Gibson, —, Daniel Watkins, ”, ” Ken Nunnenkamp, Roe, Wade, Glenn Youngkin, “, loitered, Louise Lucas, Gibson's, Han Jones, David Owen, Terry McAuliffe, Watkins, she's, Virginia’s, Mary Anne Franks, Franks, Matthew Barakat Organizations: Associated Press, Republican Party of Virginia, University of Virginia, Columbia University, Republican, Democratic Party, Virginia, District, Democratic, FBI, George Washington University Law School Locations: HENRICO, Va, Virginia, Henrico

SAN FRANCISCO (AP) — Sometimes it can be easy to forget that President Joe Biden's original foreign policy priority was reasserting American influence in Asia. "The United States remains vital to the future of the region, and the region is more vital than ever to the United States of America," he told a gathering of business executives during one of the summit's many receptions. “From here in San Francisco, America reaches out all across the Pacific, building bridges mightier than the Golden Gate,” he said. Protesters calling for a cease-fire in Gaza shut down all vehicular traffic heading into San Francisco over the Bay Bridge. “We will be glad to see a confident, open, ever-growing and prosperous United States,” he said.

Persons: Joe Biden's, Biden, “ That’s, He's, Donald Trump, ”, Yoon Suk Yeol, Kishida Fumio, Xi Jinping, Xi, “, ” Biden, Yun Sun, Aisha Nizar, San Francisco ”, ___, Colleen Long Organizations: FRANCISCO, Ukraine, Republican, Economic Cooperation, South Korean, Chinese Communist Party, U.S, Xinhua, China Program, Stimson, Palestinian Youth Movement, Biden wasn't, China, Associated Press Locations: American, Asia, Russian, Israel, San Francisco, United States, United States of America, Europe, America, China, Beijing, Bali , Indonesia, Iran, San Francisco ., Washington, Ukraine, Gaza, Bahrain, Fiji, Japan, Mexico, Peru

☆ The 'Apple of e-bikes' targets profitability next year even as rivals enter bankruptcy
▼ + stars: | 2023-11-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

CowboyCowboy, the Belgian electric bike maker, is expecting to hit full-year profitability in 2024 even as some of its market rivals are facing financial hardship. By the third quarter, Cowboy would then have reached profitability on a full-year basis, according to the firm's boss. It's been termed the "Apple of e-bikes" in the past due to its integration of software smarts in its bikes. In July, Dutch e-bike firm VanMoof filed for protection from creditors. Revonte, a Finnish e-bike firm, also filed for bankruptcy and said it is selling its intellectual property.

Persons: Cowboy Cowboy, Adrien Roose, Roose, we'll, they're, Cowboy Organizations: Cowboy Cruiser, Cowboy, CNBC, Apple Locations: Belgian, Dutch

☆ Mattel, hot off 'Barbie' success, hires ex-Fox, Sony exec to run TV studio
▼ + stars: | 2023-11-16 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Mattel hopes a new hire will help it expand its content slate, following the blowout box office success of "Barbie." The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired former Fox and Sony exec Michelle Mendelovitz as head of Mattel Television Studios. "I look forward to the impact Michelle and Mattel Television Studios will have on expanding the content slate to the delight of our fans around the globe." Mendelovitz previously held senior roles at Disney 20th Television Studios, Apple TV+, Sony Pictures Television and CBS Television Network. "Hot Wheels Let's Race" and "Masters of the Universe: Revolution" are a few of the new releases planned for the upcoming year.

Persons: Mattel, Barbie, Michelle Mendelovitz, Josh Silverman, Michelle, Mendelovitz, Thomas, It's, Ynon Kreiz, Barney, Max Organizations: Girl, Fox, Sony, Mattel Television Studios, Mattel, Disney 20th Television Studios, Apple, Sony Pictures Television, CBS Television Network, Thomas &, CNBC, Cartoon Network

☆ Activist investor ValueAct has been building a stake in Disney
▼ + stars: | 2023-11-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

ValueAct Capital has taken a significant stake in Disney (DIS) and has been in dialogue with Disney's management, the Activist Spotlight has learned. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. ValueAct began buying Disney this summer during the WGA and SAG strikes and it is one of the firm's largest positions. This certainly gives the Disney board an alternative they were not expecting.

Persons: ValueAct, Warner, Mason Morfit, Wordle, Bob Iger, Iger, Satya Nadella, Steve Ballmer, Nelson Peltz, Ken Squire Organizations: ValueAct, Disney, Business, Disney Media, Entertainment, Disney Parks, Warner Bros, Paramount, Netflix, WGA, SAG, Microsoft, Adobe, New York Times, Spotify, Century Fox, ESPN, Hulu, Athletic, Trian Partners, 13D Locations: Salesforce

☆ Support from a new activist firm may be what Disney needs to accelerate CEO Iger's turnaround
▼ + stars: | 2023-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

We're pleased to see a new activist firm come to Disney 's (DIS) support since CEO Bob Iger's turnaround strategy for the entertainment giant has been taking time to show meaningful results. ValueAct started to build its Disney stake this past summer, and the stock is now among its largest positions. DIS YTD mountain DIS stock performance year-to-date. ValueAct isn't the only activist firm that has built a stake in Disney. This new Disney buy during the third quarter comes after Peltz's recent push in October to potentially reignite a fight for multiple seats on Disney's board.

Persons: We're, Bob Iger's, ValueAct, Ken Squire, Mason Morfit, Squire, Nelson Peltz's, Nelson, Jim Cramer, Peltz, Iger, Jim Cramer's, Jim, Walt, Joe Raedle Organizations: Disney, Management, SEC, CNBC, Netflix, Walt Disney, Getty Locations: Disney, Hulu, Orlando , Florida

☆ Sonic the Hedgehog helped revive 63-year-old Sega. The firm wants a repeat with its other classics
▼ + stars: | 2023-11-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

"Sonic is reviving," Utsumi told CNBC's Arjun Kharpal, alluding to the success of the Sonic the Hedgehog adaptations in the box office. It comes as Sega is set to launch a new Yakuza game, Like a Dragon: Infinite Wealth, next year. watch nowSega recently launched the latest iteration of its Yakuza game. Collectively, the Yakuza game series has sold 21.1 million units since its debut in 2005, according to Sega. Buying more studiosSega is also on the hunt for more acquisitions as it seeks to expand its ownership of gaming studios, Utsumi said.

Persons: Shuji Utsumi, Utsumi, CNBC's Arjun Kharpal, Sega Sammy, that's Organizations: Paramount, CNBC, Summit, Sega, Rovio, Angry Birds, PlayStation, Nintendo, Sony, Microsoft Locations: Libson, Portugal, lockdowns, Japan

☆ Marvel’s Bomb Won’t Blow Up Hollywood’s Formula
▼ + stars: | 2023-11-14 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

Photo illustration: Ryan TrefesWanted by Hollywood: World-famous intellectual property that no one has yet thought to make into a movie. Disney ’s Marvel Cinematic Universe has been the most successful movie franchise in history, grossing nearly $30 billion globally over 33 films to date. But this past weekend provided the latest sign that the lucrative stable of superheroes is in need of some rescuing. “The Marvels” grossed a mere $47 million for its domestic box-office debut—a record low for the franchise and a major disappointment even against other recent Marvel movies that have been showing signs of strain. The nine other Marvel movies that have opened since the pandemic closed movie theaters in 2020 have averaged a domestic opening weekend of about $136 million, according to data from Box Office Mojo.

Persons: Ryan Trefes Organizations: Star, Hollywood, Marvel, Office Mojo

Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million, sources familiar with the deal told CNBC. The startup is called Gameplanner.AI, which has been in "stealth mode" since its founding in 2020. Startups in stealth mode operate out of the public eye for various reasons, such as to protect intellectual property or avoid distractions. Airbnb's news follows reports that Google is in talks to invest hundreds of millions into another AI startup, Character.AI, which in March raised a $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. The startup lets people create virtual characters or chat with AI versions of celebrities like Elon Musk or Albert Einstein.

Persons: Airbnb, Gameplanner.AI, Adam Cheyer, Siri, Steve Jobs, Cheyer, Viv, Brian Chesky, Chesky's, Andreessen Horowitz, Elon Musk, Albert Einstein Organizations: CNBC, Apple, Viv Labs, Google

☆ Should Your Ex-Boss Get a Say in Your New Job? Wall Street Says Yes.
▼ + stars: | 2023-11-12 | by ( Luis Ferré-Sadurní | More About Luis Ferré-Sadurní | ) www.nytimes.com time to read: +1 min

For high-powered Wall Street and banking executives, one of the hallmarks of the job comes into play only at the end: a signed noncompete agreement. Five months ago, the State Legislature passed a bill that would outlaw noncompete agreements, one of several efforts nationwide in recent years to protect a range of employees. All kinds of workers — from doctors to hairstylists to sandwich makers — are sometimes unknowingly trapped by the restrictive clauses. But as the implications of a ban at New York City’s most powerful industries have come into focus, so has a deep-pocketed lobbying effort to persuade Gov. Kathy Hochul to not sign it into law — or at least blunt its impact.

Persons: Kathy Hochul Organizations: New York ., State Legislature, Gov Locations: New York

☆ Biden-Xi summit could be last chance to stabilize U.S.-China relationship: Op-ed
▼ + stars: | 2023-11-10 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +11 min

Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.

Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco

☆ Arm shares sink as some analysts question valuation after weak forecast
▼ + stars: | 2023-11-09 | by ( Arsheeya Bajwa | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. Qualcomm (QCOM.O) sees 10% sequential sales growth in smartphones given overall Android smartphone restocking. On the other hand, Arm only guided for mid to high single-digit sequential sales growth for its royalty revenues, the brokerage added. Arm on Wednesday forecast a third-quarter revenue range with a midpoint of $760 million, below analysts' estimates of $767.84 million, according to LSEG data. But its annual revenue forecast was above estimates, as it benefited from a surge in companies designing new chips to tap the boom in artificial intelligence applications.

Persons: Dado Ruvic, Frank Lee, Lee, Nvidia's, Justin Sumner, Arsheeya, Shailesh Organizations: REUTERS, Holdings, Apple, Qualcomm, HSBC, Voya Investment Management, Thomson Locations: Bengaluru

☆ Renault cuts Nissan stake to 15% after transferring shares to trust
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO-The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsTOKYO, Nov 8 (Reuters) - France's Renault (RENA.PA) has cut its stake in Nissan (7201.T) to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting them on equal footing. The new agreement for the restructured alliance between Renault, Nissan and their junior partner Mitsubishi Motors (7211.T) came into effect on Wednesday, the car makers said in the statement. The companies had already said in January that Renault would put roughly 28% of Nissan in a French trust to make them more equal partners. ($1 = 0.9359 euros)Reporting by Daniel Leussink; Editing by Christian Schmollinger and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, France's, Ampere, Daniel Leussink, Christian Schmollinger, Gerry Doyle Organizations: Renault, Nissan, REUTERS, Rights, France's Renault, Mitsubishi Motors, Mitsubishi, Thomson Locations: Le Coteau, France, London

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 8 (Reuters) - Semiconductor company Arm Holdings (O9Ty.F), on Wednesday gave a fiscal third-quarter sales outlook below Wall Street estimates, with the company attributing the forecast to a large deal that will likely land later than expected. Arm became publicly listed again in September after Japan's SoftBank Group (9984.T), which still owns more than 90% of Arm, sold off some of its shares. For the current fiscal third quarter, Arm expects a revenue range with a midpoint of $760 million, below analyst estimates of $767.84 million, according to LSEG data. Arm said that royalty revenue for the fiscal second quarter declined to $418 million, below analyst expectations of $420.3 million, according to data from Visible Alpha. Child told Reuters that Arm's second quarter royalty revenues still reflected a chip glut that affected the chip industry broadly.

Persons: Dado Ruvic, Japan's, Ben Bajarin, Jason Child, Child, Stephen Nellis, Max A, Yuvraj Malik, Aurora Ellis, Lisa Shumaker Organizations: REUTERS, - Semiconductor, Arm Holdings, Wednesday, Analysts, Creative, Reuters, Nvidia, Intel, Alpha, Thomson Locations: San Francisco, Bengaluru

☆ Arm reports first post-IPO earnings and the stock is down 7%
▼ + stars: | 2023-11-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023. Arm reported a net loss of $110 million, or 11 cents per share. It also sells licenses to more complete chip designs, saving chipmakers time and effort, which are recorded as licensing revenue. But Arm licensing sales were $388 million, up 106% from the same period last year. Arm said that firms including Google , Meta and Nvidia were developing artificial intelligence-capable chips with its technology.

Persons: Rene Haas, LSEG Organizations: Nasdaq, Semiconductor, SoftBank, Nvidia, Google, CNBC PRO Locations: New York, That's

☆ Nintendo to make Zelda movie after Mario success; shares pop 6%
▼ + stars: | 2023-11-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Shigeru Miyamoto, creator of Zelda, and Avi Arad, chairman of Arad Productions Inc., who has been a producer on a number of hit Marvel movies, will produce the Zelda film. Nintendo said Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters, as the gaming giant looks to replicate the success it had with the Mario movie. Investors had feared that sales of the more than six-year old Nintendo Switch console had peaked. Nintendo will be hoping for similar success with the Zelda movie. Nintendo will co-finance the Zelda film with Sony Pictures.

Persons: Mario, Shigeru Miyamoto, Zelda, Avi Arad, Wes Ball Organizations: Nintendo, Mario Bros, Universal Studios, Arad Productions Inc, Investors, Sony Pictures, Comcast, CNBC Locations: Japan, NBCUniversal

☆ Another New York Gift to Florida
▼ + stars: | 2023-11-08 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Images: Getty Images/Reuters Composite: Mark KellyAs lousy as New York’s business climate is, it can get worse. Democrats in Albany are reminding businesses of this by passing legislation that would ban so-called non-compete agreements in employer contracts. Call it another gift to Florida. Opposition to non-compete agreements has become a new cause celebre on the left. Businesses use these contractual restrictions to prevent employees from going to work for competing employers for a specified period after leaving a company.

Persons: Nikki Haley, Ron DeSantis, Chris Christie, Tim Scott, Vivek Ramaswamy, Mark Kelly Locations: Albany, Florida

TOKYO (AP) — Nintendo is developing a live-action film based on its hit video game “The Legend of Zelda,” the Japanese company behind the Super Mario franchise said Wednesday. It’s being co-produced by Nintendo and Arad Productions Inc., which is behind the live-action Spider-Man films and headed by Avi Arad. Its animation film “The Super Mario Bros. Movie,” released earlier this year, has raked in more than $1.3 billion and drew nearly 170 million people worldwide. Political Cartoons View All 1237 ImagesThe planned release date of the Zelda movie was not announced. Nintendo officials said the success of the Super Mario film has translated into bigger sales for its Switch machines, as well as for game software with Super Mario themes.

Persons: Zelda, ”, Wes Ball, It’s, Avi Arad, Mario, Shuntaro Furukawa, Shigeru Miyamoto, “, Miyamoto, Donkey Kong, ___ Yuri Kageyama Organizations: TOKYO, Nintendo, Super Mario, Sony Pictures Entertainment, Arad Productions Inc, Mario Bros, Universal Studios Locations: American, Kyoto, U.S, Hollywood, Orlando, Japan

☆ European "photonics" chip companies call for $4.5 bln in EU funding
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/4] The logo of Smart Photonics is seen at their headquarters in Eindhoven, Netherlands, November 7, 2023. "Currently, the EU has a vibrant and growing integrated photonics industry, however, without volume manufacturing, testing and packaging capacity we are incredibly vulnerable to global events and the policies of competitor countries," Johan Veenstra, CEO of SMART Photonics, said at the summit. Currently most photonics chips, like most chips, are made in Asia, with important intellectual property in the U.S. The statement said low levels of European manufacturing and over-reliance on Asia in manufacturing and packaging, "threatens the EU's economic security and resilience". The statement was signed by Germany's XFAB and Aixtron, the Netherlands' SMART Photonics and Phix Photonics Assembly, VLC Photonics of Spain, France's Almae, and Switzerland's Ligentec, as well as PhotonDelta, a public-private partnership in the Netherlands devoted to funding photonics.

Persons: de Wouw, Johan Veenstra, chipmaker, VDL, Germany's XFAB, France's Almae, Switzerland's, Toby Sterling, David Evans Organizations: Smart Photonics, REUTERS, Rights, European Union, EU, SMART Photonics, photonics, SMART, U.S, Phix Photonics Assembly, Photonics, Thomson Locations: Eindhoven, Netherlands, Asia, United States, Spain

☆ Nintendo to develop 'Zelda' movie in latest entertainment push
▼ + stars: | 2023-11-07 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The logo of the Nintendo is displayed at Nintendo Tokyo, the first-ever Nintendo official store in Japan, at at SHIBUYA PARCO department store and shopping mall complex, during a press preview in Tokyo, Japan November 19, 2019. REUTERS/Issei Kato Acquire Licensing RightsTOKYO, Nov 8 (Reuters) - Nintendo (7974.T) said on Wednesday it will develop a live-action film of long running franchise "The Legend of Zelda" in the Kyoto-based firm's latest push beyond its core gaming business. The two men have been working on an adaptation of the "Zelda" franchise for many years but the movie will take time, according to posts on social media by Nintendo. Nintendo said on Tuesday it had sold 19.5 million units of the latest "Zelda" game at September-end as the series continues to deliver hits almost 40 years after its first installment. The "Zelda" movie development comes at a time of renewed appetite for adaptations of Japanese franchises globally, with examples including Netflix's recently launched adaptation of long running pirate manga series "One Piece".

Persons: Issei Kato, Zelda, Mario, Shigeru Miyamoto, Avi Arad, Wes Ball, Sam Nussey, Sandra Maler Organizations: Nintendo, Nintendo Tokyo, REUTERS, Rights, Sony, Thomson Locations: Japan, SHIBUYA PARCO, Tokyo, Kyoto

☆ Online retailer Beyond Inc's chief steps down amid activist investor pressure
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Companies Beyond Inc FollowNov 6 (Reuters) - Internet retailer Beyond Inc (BYON.N), formerly known as Overstock.com, on Monday said its chief excecutive, Jonathan Johnson, has stepped down amid activist investor pressure. Hedge fund JAT Capital, which owns a 9.6% stake in Beyond Inc, last week urged the board to replace CEO Johnson, arguing that he is to blame for the company's poor financial performance. JAT Capital did not immediately respond to a Reuters request for comment on the change. Overstock.com rebranded its website under the Bed Bath & Beyond name after it acquired intellectual property from the bankrupt company in June. Reporting by Juby Babu in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Johnson, Johnson, Dave Nielsen, John Thaler, Marcus Lemonis, Beyond's, Juby Babu, Maju Samuel Organizations: Beyond Inc, JAT, Bed, Thomson Locations: Bengaluru

Search resuls for: "Intellectual Property"

25 mentions found