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☆ Rupee likely to open weaker pressured by surging U.S. yields
▼ + stars: | 2023-10-03 | by ( Jaspreet Kalra | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 3 (Reuters) - The Indian rupee is likely to open weaker on Tuesday as U.S. treasury yields rose to fresh multi-year highs after the United States averted a partial government shutdown. Non-deliverable forwards indicate the rupee will open at around 83.25 to the U.S. dollar compared with a close of 83.04 in Friday's session. Buoyed by higher U.S. yields, the dollar index also climbed to 107.13 in Asia, its highest level since November 2022. While the rupee has come close to testing its record low levels in recent weeks, likely dollar sales from the RBI have managed to keep some of the weakness at bay. The rupee could see an intraday fall to a fresh record low if the dollar index continues to strengthen, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities.

Persons: Loretta Mester, Dilip Parmar, Jaspreet Kalra, Sonia Cheema Organizations: U.S, . Federal Reserve, Reserve Bank, Cleveland, Reserve Bank of India, Brent, HDFC Securities, Thomson Locations: MUMBAI, United States, Asia

☆ Digital World, Trump's media firm add new termination clause to merger deal
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

The move comes weeks after Digital World investors voted to give up to a one-year extension to complete the much-delayed deal. The blank-check firm amended the merger agreement on Sept. 29, according to the filing, which also disclosed that Digital World can terminate the agreement only in that three-week period in November. Digital World has faced a series of challenges since it stuck a merger deal with Trump Media & Technology Group (TMTG) on October 2021. If the merger closes, Trump Media would gain access to more than $1 billion in cash from DWAC's institutional investors, such as hedge funds. According to a Feb. 2, 2021 services agreement, Trump controls 90% of Trump Media.

Persons: Donald Trump, Mike Blake, Donald Trump's, DWAC's, Jaspreet Singh, Anil D'Silva Organizations: U.S, Republican, California Republican Party, REUTERS, Digital, Securities and Exchange Commission, Trump Media & Technology, U.S . Department of Justice, SEC, Trump Media, Trump, Thomson Locations: Anaheim , California, U.S, Bengaluru

☆ Tesla's deliveries expected to fall on plant shutdowns, soft demand
▼ + stars: | 2023-09-29 | by ( Aditya Soni | ) www.reuters.com time to read: +4 min

Visitors stand outside barriers surrounding Tesla's new Model 3 sedan displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. That would mark the first sequential decline in Tesla's deliveries since the second quarter of 2022. In the third quarter, Tesla slashed prices of its Model S and Model X by 14% to 21% in main markets China and the U.S. The company also cut its production plan at its German factory amid soft demand, a report by Business Insider said. The restyled variant comes with a higher price and is expected to launch in Europe and China in the fourth quarter.

Persons: Florence Lo, Tesla, Baird, Guggenheim, LSEG, Thomas Martin, Aditya Soni, Jaspreet Singh, Hyunjoo Jin, Shounak Dasgupta Organizations: Fair for Trade, Services, REUTERS, Barclays, Ford, Reuters, Business Insider, Detroit, General Motors, United Auto Workers, Globalt Investments, Thomson Locations: Beijing, China, Europe, U.S, United States, Bengaluru, San Francisco

☆ 82% of Americans are worried about the impact of inflation. Try these 5 strategies to save money and shore up your finances.
▼ + stars: | 2023-09-28 | by ( Sponsor Post | Created Insider Studios With Navy Federal Credit Union | ) www.businessinsider.com time to read: +6 min

Proactively saving money can yield the financial cushion you need to feel more secure. Try tracking money in and money out for at least one month. Savings accounts, money market accounts, and CDs are ideal tools for reaping compound interest on short-term savings. "Your standard savings account will generally have a lower rate than a money market account but will allow more options for utility. Open a dedicated, high-interest savings account specifically for your fund.

Persons: it's, Jaspreet Chawla, IRAs, Roth IRAs, Chawla, Russell Nelson, you'd Organizations: Navy Federal Credit Union, ESA, Federal Credit Union, Insider Studios, NCUA

☆ Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 28 (Reuters) - Cognizant Technology Solutions (CTSH.O) on Thursday named former Wipro (WIPR.NS) chief financial officer Jatin Dalal as its CFO, a week after his resignation from the Indian information technology (IT) major. The pace of executive churn has picked up in the Indian tech industry in recent months. Dalal became Wipro's CFO in 2015, and with CEO Thierry Delaporte steered the company through the pandemic as demand for digital services boomed. "We are pleased to welcome Jatin to Cognizant and confident he will help us achieve our goals as we continue to focus on driving revenue growth," Cognizant CEO Ravi Kumar S said in the statement. Cognizant projected third-quarter revenue above estimates in August as more businesses turned to the IT services provider to digitize their operations.

Persons: Dado Ruvic, Jatin Dalal, Ravi Kumar S, Dalal, Jan Siegmund, Rajesh Gopinathan, Mohit Joshi, Wipro's, Thierry Delaporte, Jatin, Cognizant, Jaspreet Singh, Hritam Mukherjee, Varun Organizations: REUTERS, Technology Solutions, Wipro, Cognizant, Infosys, Indian, Tata Consultancy Services, Tech Mahindra, Thomson Locations: Bengaluru

☆ Epic Games is laying off about 830 employees, divesting Bandcamp
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The Epic Games logo, maker of the popular video game "Fortnite", is pictured on a screen in this picture illustration August 14, 2020. REUTERS/Brendan McDermid/Illustration Acquire Licensing RightsSept 28 (Reuters) - "Fortnite" maker Epic Games is laying off about 830 employees, or 16% of its staff, and divesting online music platform Bandcamp, the company said on Thursday. The videogame company will also spin-off most of SuperAwesome, which Epic Games acquired in 2020. SuperAwesome is a platform for developers to include kid-safety tools in their products. The videogame industry is struggling with a slowdown in spending as inflation-weary gamers become more selective in picking popular titles.

Persons: Brendan McDermid, Tim Sweeney, Sweeney, Harry Potter, Chavi Mehta, Samrhitha, Jaspreet Singh, Arun Koyyur, Maju Samuel Organizations: REUTERS, Epic Games, Warner Bros Discovery, Apple, U.S, Supreme, Thomson Locations: SuperAwesome, Bengaluru

Here is a list of attempts by regulators to split up big companies:Standard Oil (1911)- Regulators alleged John Rockefeller's Standard Oil held the monopoly in the oil business by using aggressive pricing to eliminate competition. Standard Oil was broken up into 34 companies. Aluminum Company of America (Alcoa) (1945)- The Justice Department charged Alcoa (AA.N) with illegally monopolizing the aluminum market and demanded the company be dissolved. Paramount Pictures (1948) - The U.S. Supreme Court ruled in a landmark antitrust case, also known as "Paramount case" or the "Hollywood antitrust case," that film studios could not legally own their own theaters, hitting the vertical integration of companies. AT&T (1984) - In 1974, the U.S. government filed an antitrust lawsuit against AT&T (T.N) because it had a monopoly on telephone lines.

Persons: Andrew Kelly, Big, John Rockefeller's, District Judge, Jaspreet Singh, Zaheer Kachwala, Sriraj Kalluvila, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Amazon.com, Standard Oil, Big Tech, Google, Facebook, Standard, Oil, ExxonMobil, Chevron, Aluminum Company of America, Alcoa, Justice Department, Reynolds, Paramount Pictures, U.S, Supreme, Paramount, IBM, AT, Microsoft, District, Meta, FTC, Thomson Locations: Washington ,, U.S, Bengaluru

☆ Google's 25-year journey from dorm to internet dominance
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Google is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsSept 26 (Reuters) - More than 25 years ago, two students at Stanford University brainstormed in their dormitory and came up with an idea - to create an internet search engine that would organize web pages and also rank them. Initially called BackRub, the startup grew into one of the world's most valuable and influential companies, Google. Google's products, including Gmail and search, are now used by billions and its co-founders, Larry Page and Sergey Brin, rank among the richest people in the world. Here are some milestones in the history of the tech giant, whose parent is now known as Alphabet:Reporting by Chavi Mehta, Arsheeya Bajwa, Yuvraj Malik, Samrhitha Arunasalam and Jaspreet Singh in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Larry Page, Sergey Brin, Chavi Mehta, Arsheeya Bajwa, Yuvraj Malik, Samrhitha, Jaspreet Singh, Pooja Desai Organizations: Google, Viva Technology, Porte de, REUTERS, Stanford University brainstormed, Gmail, Thomson Locations: Porte, Paris, France, Bengaluru

☆ Chipmaker GlobalFoundries seeks funding under CHIPS Act
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

A signage at U.S. chipmaker GlobalFoundries' new fabrication plant in Singapore, September 12, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsSept 25 (Reuters) - Contract chipmaker GlobalFoundries (GFS.O) said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities. The CHIPS and Science Act provides a total of $52.7 billion in subsidies for U.S. semiconductor production, research and workforce development. It also includes a 25% investment tax credit for building chip plants estimated to be worth $24 billion. Malta, New York-based GlobalFoundries makes wireless connectivity chips used in mobile phones, WiFi routers and radio towers.

Persons: chipmaker, Edgar Su, Steven Grasso, Lockheed Martin, Jaspreet Singh, Shilpi Majumdar Organizations: REUTERS, U.S . Commerce Department, Lockheed, Thomson Locations: Singapore, U.S, Malta , New York, Bengaluru

☆ Spotify tests voice translation feature for podcasts
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 25 (Reuters) - Spotify Technology (SPOT.N) is testing an AI-powered feature that will translate podcasts from the likes of Dax Shepard and Lex Fridman to other languages, the audio-streaming company said on Monday. The translated versions, powered by Microsoft-backed OpenAI's newly released voice generation technology, would mimic the original speaker's style and will be more natural than traditional dubbing, Spotify said. The company had also worked with other podcasters including Monica Padman, Bill Simmons and Steven Bartlett for the feature. The voice translations would be available in languages including Spanish, French and German for a select number of catalog episodes and future episode releases, said Spotify, which could expand the audience of the shows.

Persons: Brendan McDermid, Dax Shepard, Lex Fridman, Monica Padman, Bill Simmons, Steven Bartlett, Jaspreet Singh, Shinjini Organizations: New York Stock Exchange, REUTERS, Spotify Technology, Microsoft, Spotify, Thomson Locations: New York, U.S, Swedish, Bengaluru

☆ Microsoft-Activision: Ubisoft deal opens doors to Britain's nod
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: 1 min

Sept 22 (Reuters) - Microsoft's (MSFT.O) restructured acquisition of Activision Blizzard (ATVI.O) "opens the door" to the deal being cleared, Britain's antitrust regulator said on Friday. Last month, "Call of Duty" maker Activision agreed to sell its non-European streaming rights to Ubisoft Entertainment (UBIP.PA) to get the biggest deal yet in video-gaming past Britain's Competition and Markets Authority (CMA). Here is a snapshot of key events in the Microsoft-Activision saga:Reporting by Tiyashi Datta, Jaspreet Singh and Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva, Shinjini Ganguli and Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Tiyashi Datta, Jaspreet Singh, Yadarisa, Anil D'Silva, Shinjini Organizations: Activision Blizzard, Activision, Ubisoft Entertainment, Markets Authority, Microsoft, Thomson Locations: Bengaluru

☆ Unity Software rolls back parts of new pricing policy after backlash
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Sept 22 (Reuters) - Video-game software maker Unity (U.N) on Friday rolled back key parts of a new "runtime fee" pricing policy that sparked backlash from gaming developers and slammed its share price. The company behind the Unity Engine software that helps people make games had planned to charge developers each time their game is installed after certain milestones, like revenue, are crossed. "Our Unity Personal plan will remain free and there will be no Runtime Fee for games built on Unity Personal," company executive Marc Whitten said on Friday. The company added that no game with less than $1 million in trailing 12-month revenue will be subject to the fee. As of last close, Unity's shares have lost about 19% of their value since the announcement of the new pricing policy on Sept. 12.

Persons: Marc Whitten, Jaspreet Singh, Shounak Dasgupta Organizations: Unity, Epic Games, Thomson Locations: Bengaluru

☆ More automakers plug into Tesla's EV charging network
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSept 21 (Reuters) - More automakers signed up to access Tesla's electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard. Texas has approved a plan to require EV charging companies to include Tesla's plug if they want to be eligible for federal funds. Tesla's North American Charging Standard is more widely available and reliable than rival charging network CCS, which is backed by automakers such as Volkswagen (VOWG_p.DE) and Hyundai Motor (005380.KS). Here is a list of the companies adopting NACS:List of U.S. states that have either mandated Tesla's charging tech or plan to:Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Additional reporting by Chavi Mehta; Editing by Devika Syamnath and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Elon, company's superchargers, Akash Sriram, Jaspreet Singh, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: REUTERS, EV, CCS, Volkswagen, Hyundai, Thomson Locations: Beijing, China, United States, Texas, Bengaluru

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas Acquire Licensing RightsMUMBAI, Sept 20 (Reuters) - The Indian rupee, hovering near a record low, is expected to remain under pressure amid focus on crude oil prices and the U.S. Federal Reserve's policy decision. Non-deliverable forwards (NDF) indicate rupee will open at around 83.25-83.29 to the U.S. dollar compared with 83.2675 in the previous session. The Fed on Wednesday is widely expected to keep the policy rate unchanged with futures assigning a near zero percent probability of a rate hike. "We expect the 2023 median policy rate forecast to show one more 25bps hike, for a terminal rate of 5.5-5.75%," BofA Global Research said in a note.

Persons: Francis Mascarenhas, Brent, Nimesh Vora, Mrigank Organizations: REUTERS, Rights, U.S, Reserve Bank of, Fed, Research, Brent, Thomson Locations: Mumbai, India, Rights MUMBAI, U.S . Federal, Reserve Bank of India, Asia

☆ Tesla courts interest from Turkey to India for next gigafactory
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. Hours later, the Wall Street Journal reported that Saudi Arabia was in early talks with Tesla to set up factories in the Kingdom. Musk said in May that Tesla would probably pick a location for a new factory by the end of 2023. Turkey: Turkey's communications directorate cited Musk as saying that the country was among the most important candidates for its next factory. India: Tesla has expressed interest in building a factory in the country, to produce low-cost electric vehicles (EVs) for the local market and for export.

Persons: Stephen Lam, Elon Musk, Tayyip Erdogan, Musk, Tesla, Jaspreet Singh, Arsheeya, Devika Organizations: REUTERS, Monday, Wall Street Journal, Democratic, Thomson Locations: Fremont , California, U.S, Saudi Arabia, Kingdom, Saudi, Democratic Republic of Congo, Turkey, India, Mexico, Mexico's, Nuevo Leon, Bengaluru

☆ Katy Perry sells rights to five albums including 'Teenage Dream' to Litmus Music
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Katy Perry performs on stage during the Coronation Concert on May 07, 2023 in Windsor, Britain. Chris Jackson/Pool via REUTERS/File photo Acquire Licensing RightsSept 18 (Reuters) - Singer Katy Perry has signed a deal to sell rights to five of her studio albums released between 2008 and 2020 including "Teenage Dream" to Carlyle-backed Litmus Music, the music rights company said on Monday. "One of the Boys," "PRISM," "Witness" and "Smile" are the other four studio albums that are part of the deal. The five studio albums were released under Perry's contract with Capitol Records, whose former president Dan McCarroll is the co-founder of Litmus Music. With Perry, Litmus Music gets access to an artist who shot to fame in July 2008 with the track "I Kissed A Girl" and has earned 13 Grammy nominations and five MTV Video Music Awards.

Persons: Katy Perry, Chris Jackson, Carlyle, Dan McCarroll, Blackstone, Justin Bieber, Bob Dylan, Perry, Jaspreet Singh Organizations: Billboard, Capitol Records, Litmus, Litmus Music, MTV, Thomson Locations: Windsor, Britain, Bengaluru

☆ EY rolls out AI-powered platform after $1.4 bln tech investment
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

The EY company logo is seen at their headquarters in London, Britain, April 16 2023. The EY.ai platform has AI-embedded versions of the firm's products like the data management product EY Fabric, which is used by 60,000 clients, the company said. Every business is considering how it will be integrated into operations and its impact on the future," EY Global Chairman and CEO Carmine Di Sibio said. EY said it plans to train its staff in the technology and will release a large-language model (LLM) called EY.ai EYQ. Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Peter Nicholls, EY, Carmine Di Sibio, Thomson, Jaspreet Singh, Pooja Desai Organizations: REUTERS, KPMG, Accenture, Dell, SAP, Thomson Reuters, Reuters News, Thomson Locations: London, Britain, Bengaluru

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details. The facility, announced in June, has been activated by large banks, including State Bank of India, the country's largest lender. Top private lender HDFC Bank is working with a technology firm IDEMIA to build a version of offline CBDC transactions for feature phones, according to two people aware of the plans.

Persons: Danish Siddiqui, Sharat Chandra, Akhil Handa, Handa, Jaspreet Kalra, Siddhi Nayak, Dhanya Ann Thoppil Organizations: Bank of India, REUTERS, Danish, Rights, Reserve Bank of India, UPI, State Bank of India, India Blockchain, HDFC Bank, Bank of Baroda, Thomson Locations: Mumbai, India, Rights MUMBAI, Siddhi

Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. The drop in the technology sector weighed on the three main U.S. stock indexes, particularly the tech-heavy Nasdaq Composite, which closed down 0.9%. IPHONE SLOWDOWNChina has been a bright spot for Apple in an otherwise tough period for iPhone sales.

Persons: chipmaker SMIC, Jake Sullivan, Sullivan, Thomas Peter, Biden, Mike Gallagher, Gallagher, Mark Warner, Rick Meckler, Susannah Streeter, Hargreaves Lansdown, Streeter, Aditya Soni, Jaspreet Singh, Shristi Achar, Diane Bartz, David Gaffen, Shounak Dasgupta, Devika Organizations: Apple, Street, Washington, Huawei, HK, U.S . Commerce Department, National, Air Force, BofA Global Research, Qualcomm, REUTERS, Beijing, Communist Party, People's, Republican, Reuters, U.S, Senate Intelligence Committee, planemaker Boeing, Micron, Broadcom, Texas, Nasdaq, Cherry Lane Investments, Hargreaves, Thomson Locations: Beijing, US, China, U.S, Kirin, People's Republic of China, Bengaluru

Surveillance cameras are seen near an iPhone advertisement at an Apple store in Beijing, China September 7, 2023. One of the sources said they had not yet been given a deadline to cease their iPhone use. Apple and China's State Council Information Office, which handles media queries on behalf of the government, did not immediately respond to requests for comment. Bloomberg on Thursday reported that China planned to broaden the ban to state firms and agencies, citing sources. China has increasingly emphasized using locally made tech products, as technology has become a major national security issue for Beijing and Washington.

Persons: Florence Lo, China's, Tesla, Tim Cook, D.A, Davidson, Tom Forte, Yuvraj Malik, Jaspreet Singh, Brenda Goh, Alexander Smith, Shounak Organizations: Apple, REUTERS, U.S ., Staff, China's, Information Office, Huawei Technologies, Observer, Wall Street Journal, Bloomberg, Citi, Canalys, Government, HK, Huawei, Thomson Locations: Beijing, China, HONG KONG, BEIJING, Washington, U.S, Hong Kong, Shanghai, Bengaluru

☆ Apple tumbles, drags tech stocks lower as fears grow over China iPhone curbs
▼ + stars: | 2023-09-07 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. Apple suppliers and companies with large China exposure including Broadcom (AVGO.O), Qualcomm (QCOM.O) and Texas Instruments (TXN.O) fell between 1.4% and 4.7%. The moves by Beijing also come at a time when Apple is grappling with a decline in iPhone sales, with China being a bright spot in what was an otherwise disappointing quarterly earnings report last month. The sanctions had hammered Huawei's sales in its home country and allowed Apple to take some market share from the national favourite. Apple could, however, see a demand boost after an event next week where it is expected to unveil its iPhone 15 line-up, as well as new smartwatches.

Persons: Thomas Peter, D.A Davidson, Tom Forte, chipmaker SMIC, Aditya Soni, Jaspreet Singh, Shounak Dasgupta Organizations: Apple, REUTERS, company's, Broadcom, Qualcomm, Texas, Reuters, Beijing, planemaker Boeing, Street, HK, Huawei, Bofa Global Research, Thomson Locations: Beijing, China, Washington, The U.S, U.S, Kirin, Bengaluru

☆ IBM notifies J&J unit Janssen CarePath's customers of unauthorized data access
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsSept 6 (Reuters) - IBM (IBM.N) said on Wednesday it is notifying customers of Janssen CarePath, a Johnson & Johnson (JNJ.N) unit, of a "data incident" involving unauthorized access of personal information. The personal information was part of a database used on the Janssen CarePath platform, according to IBM. IBM, which manages the database, said it was unable to determine the extent of the unauthorized access. Janssen CarePath offers resources to patients who have been prescribed J&J's medication by helping them understand insurance coverage and out-of-pocket costs. The "data incident" may have included individuals' names and information such as contact details and information related to health insurance and medications that were provided to the Janssen CarePath application, IBM said.

Persons: Nacho, Janssen CarePath, Johnson, Janssen, Jaspreet Singh Organizations: Business Machines Corporation, IBM, Congress, REUTERS, Social, Janssen CarePath, Thomson Locations: Barcelona, Spain, Bengaluru

☆ Hollywood strikes to hit Warner Bros revenue for rest of the year
▼ + stars: | 2023-09-05 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photo Acquire Licensing RightsSept 5 (Reuters) - Warner Bros Discovery (WBD.O) is bracing for a hit to its full-year profit as the ongoing strike by Hollywood actors and writers shows no signs of let-up. The actors' strike has prompted movie studios to adjust film schedules in the absence of celebrities to hit red carpets or talk shows to help build buzz. Warner Bros Discovery had previously provided financial guidance for 2023 assuming the strikes would be resolved by early September. Warner Bros also said CEO David Zaslav would be participating in an investor conference on Sept. 6, and expects to discuss, among other topics, the impact of the ongoing strikes.

Persons: Alyssa Pointer, it's, Max Willens, Warner Bros, David Zaslav, Samrhitha, Jaspreet Singh, Krishna Chandra Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Hollywood, Warner Bros, Intelligence, AMC Entertainment, Warner, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, California, Bengaluru

MUMBAI, Sept 4 (Reuters) - The Indian rupee is likely to open little changed on Monday after a soft U.S. jobs report reinforced expectations that the Federal Reserve will not hike interest rates anymore, but the dollar still managed to rally. Non-deliverable forwards (NDF) indicate rupee will open at around Friday's level of 82.7150. Following the report, futures indicated almost no chance of a September rate hike and about a 35% chance of a hike in November. The dollar and U.S. yields initially dropped following the report but recovered later. The dollar index reached a high of 104.26 on Friday and the 10-year U.S. Treasury yields reached 4.17%.

Persons: Goldman Sachs, Nimesh, Eileen Soreng Organizations: Federal Reserve, U.S, ING Bank, Treasury, Labor, Brent, Thomson Locations: MUMBAI, U.S

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