DIRS.INFO The most relevant business & tech news

☆ Opinion | A Fitting Final Gift From Jimmy Carter
▼ + stars: | 2023-08-28 | by ( Daniela J. Lamas | ) www.nytimes.com time to read: +2 min

But Mr. Carter and his family were able to see it differently. After a series of short hospital stays, this winter Mr. Carter made what for so many is an impossible decision. It would have been easy for him to obfuscate the truth of his medical condition, but Mr. Carter had no interest in doing so. When it came to the transition to hospice care, Mr. Carter was no different. “This is intentional,” Mr. Alter noted.

Persons: Carter, ” Jonathan Alter, ” Mr, Alter’s, “, Carter’s, Mr, Alter, ” Organizations: White Locations: U.S

☆ Your Amazon packages will soon come faster — if that's even possible
▼ + stars: | 2023-07-31 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Amazon announced its plans to double its same-day delivery sites in the coming years. The plans come months after Amazon said it ramped up the pace of some deliveries to "within hours." Amazon is planning to double its number of same-day delivery facilities "in the coming years," the company said in a press release. But more same-day delivery sites could also increase in the number of packages and stops for drivers, which in turn, could lead to harsher working conditions. Rising temperatures could also make the work of delivery drivers harder.

Persons: Amazon, Doug Herrington Organizations: Amazon Locations: Los Angeles, Phoenix, San Francisco

☆ Australia digests 'hollow' Ashes retention in Manchester rain
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

"Rarely could the Ashes have been secured in more hollow circumstances, with almost two days of rain saving Australia from what appeared certain defeat," wrote Malcolm Conn in the Sydney Morning Herald. "Despite being robbed of victory by the weather, England have only themselves to blame for being on the wrong side of history," Conn added. "England were in charge of the first test at Edgbaston before the cult of Bazball resulted in an over-optimistic declaration and reckless batting." Gideon Haigh, writing in the Australian, was kinder to the English but equally wary of any sort of celebrations over the retention of the Ashes. Reporting by Nick Mulvenney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: John Sibley SYDNEY, Malcolm Conn, Conn, Gideon Haigh, Haigh, Nick Mulvenney, Jamie Freed Organizations: England, Old, Old Trafford Cricket, Australia, Manchester, Sydney Morning Herald, Edgbaston, Thomson Locations: Australia, Old Trafford, Manchester, Britain, England, Edgbaston

Marc Tessier-Lavigne, a renowned neuroscientist, announced on Wednesday that he would step down from his position as president of Stanford University, after the release of an external review of his scientific work found fault with several high-profile journal articles published under his purview. A committee drafted the review in response to allegations that Dr. Tessier-Lavigne was involved in scientific misconduct. In its report, which focused on 12 academic papers, the committee said there was no evidence that Dr. Tessier-Lavigne had knowingly falsified data or withheld such information from the public. In response, Dr. Tessier-Lavigne vowed to retract three of the five articles, request major corrections for two and step down from his position as president. “I am gratified that the panel concluded I did not engage in any fraud or falsification of scientific data,” Dr. Tessier-Lavigne said in a statement, adding: “Although I was unaware of these issues, I want to be clear that I take responsibility for the work of my lab members.”

Persons: Marc Tessier, Lavigne, Tessier, Randy Schekman, Shirley Tilghman, Dr . Tessier, . Tessier, “, Dr, ” Organizations: Stanford University, Physiology, Princeton University

☆ Opinion | On Race and Academia
▼ + stars: | 2023-07-04 | by ( John Mcwhorter | ) www.nytimes.com time to read: +3 min

But I have always thought of that as racial preferences the way they should have been, merely additive around the margins. I was hired straight out of my doctoral program for a tenure-track job at an Ivy League university in its august linguistics department. Plus, I was brought on to represent a subfield within linguistics — sociolinguistics — that has never been my actual specialty. At the time I was not very politicized, and I assumed that my race had merely been a background bonus to help me get hired. I had been hired by white people who, quite innocently, thought they were doing the right thing by bringing a Black person onto the faculty.

Organizations: Ivy League university

☆ US judge approves Overstock's $21.5 mln Bed Bath & Beyond purchase
▼ + stars: | 2023-06-27 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

NEW YORK, June 27 (Reuters) - A U.S. bankruptcy judge on Tuesday approved Overstock.com's $21.5 million purchase of Bed Bath & Beyond's brand name, intellectual property and ecommerce platform. Overstock emerged as the winning bidder for the company's intellectual property in a deal worth $21.5 million, court filings showed on Thursday. Bed Bath & Beyond stores and inventory are not part of the deal. Bed Bath & Beyond is hosting a separate auction starting tomorrow for its Buy Buy Baby chain, which sells products for infants and toddlers. The Buy Buy Baby assets have attracted interest from investment firms Go Global Retail and Sixth Street Partners, according to media reports.

Persons: Vincent Papalia, Emily Geier, Dietrich Knauth, Alexia Garamfalvi Organizations: YORK, Bed, Go Global, Sixth Street Partners, Thomson Locations: Newark , New Jersey

☆ Counteracting microaggressions with positive interactions at work seems obvious, yet we need to actually do it every day
▼ + stars: | 2023-06-19 | by ( Josée Rose | ) www.businessinsider.com time to read: +7 min

As a woman and a person of color, I've been on the receiving end of many microaggressions. "It's not enough to simply eliminate negative interactions — we also need to encourage positive ones." "Different microvalidations will be affirming for different people and in different circumstances, so it's important to know your audience and context." Trans people can also be on the receiving end of micoaggressions at work . For those on the receiving end, the comments can feel anything but "micro," according to a recent Forbes article.

Persons: I've, microaggressions, —, Robin Lakoff, microvalidations, it's, Slack, I'm, aren't, I Organizations: Harvard, Service, Harvard Business, University of California, Forbes Locations: microvalidations, Berkeley

☆ US consumers' near-term inflation expectations hit two-year low; sentiment rises
▼ + stars: | 2023-06-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

Summary Consumer sentiment index rises to 63.9 in June from 59.2One-year inflation expectations drop to 3.3% from 4.2%Long-run inflation expectations dip to 3.0% from 3.1%WASHINGTON, June 16 (Reuters) - U.S. consumers' near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. "The Fed will be gratified that the surge in inflation expectations in the late-1970s and early 1980s has not been repeated," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York. The University of Michigan survey's reading of one-year inflation expectations dropped to 3.3% this month, the lowest since March 2021, from 4.2% in May. The survey's preliminary reading on the overall index of consumer sentiment came in at a four-month high of 63.9 in June compared with 59.2 in May. Its measure of consumer expectations rose to 61.3 from 55.4 last month.

Persons: Conrad DeQuadros, Joanne Hsu, Robert Frick, Lucia Mutikani, Daniel Wallis, Chizu Organizations: University of Michigan's, Fed, Wednesday, Brean, The University of Michigan, Treasury, Reuters, Consumers, Navy Federal Credit Union, Thomson Locations: WASHINGTON, New York, U.S, Washington, Vienna , Virginia

☆ Americans are spending less money even as the Chinese spend more. Take a look at the 5 major US companies winning on China's spending spree.
▼ + stars: | 2023-05-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

As people in China get out of their homes to travel and spend, retail sales have improved in China, rising almost 11% year-on-year in March. In comparison, China's core inflation rose just 0.7% in March from a year ago, according to official data from Beijing. All this means American companies facing a slowdown in US consumption are getting a boost from Chinese demand. He added the MGM China division posted a "swift return to profitability." Net revenues for the MGM China division were also 130% higher from a year ago "amid strong reopening trends," MGM said in its earnings release.

Delaware Superior Court Judge Eric Davis denied motions from Fox and partially granted Dominion motions to resolve the issue of defamation liability ahead of the scheduled April 17 trial date. The ruling puts the high-profile case in the hands of a jury that will determine whether Fox acted with actual malice and whether Dominion suffered any damages. The judge ruled in Dominion's favor on some elements of defamation including that the allegedly defamatory statements by Fox concerned Dominion, that the statements had been published by Fox and were false. Davis, however, said in his ruling the doctrine would not shield Fox from liability, because the network did not conduct disinterested reporting. Fox faces a similar lawsuit by voting-technology company Smartmatic, which is seeking $2.7 billion in damages from Fox Corp, the cable network, Fox hosts and guests.

Delaware Superior Court Judge Eric Davis denied motions from Fox and partially granted Dominion motions to resolve the issue of defamation liability in each side's favor - summary judgment - ahead of the scheduled April 17 trial date. A jury will determine whether Fox acted with actual malice and whether Dominion suffered any damages, according to the ruling. The judge ruled in Dominion's favor on some elements of defamation including that the allegedly defamatory statements by Fox concerned Dominion, that the statements had been published by Fox and were false. Fox faces a similar lawsuit by voting-technology company Smartmatic, which is seeking $2.7 billion in damages from Fox Corp, the cable network, Fox hosts and guests. Reporting by Tom Hals in Wilmington, Delawared; editing by Jonathan Oatis and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ A judge just delivered a crushing blow to Fox News in Dominion's defamation lawsuit
▼ + stars: | 2023-03-31 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

A Delaware judge handed Dominion a major victory in its defamation lawsuit against Fox News. In the same ruling, Davis denied all the claims from Fox News and Fox Corporation, which argued that Dominion failed to prove they should be held liable for the falsehoods. Dominion filed its lawsuit against Fox News, parent company Fox Corporation, and an array of individual hosts in March 2021, asking for $1.6 billion in damages. Dominion alleges that Fox News's hosts should have never had them on in the first place, and either endorsed or didn't sufficiently push back against their false claims. Allies like Rupert Murdoch and Sean Hannity indicated they were "disgusted" by Trump's claims of election rigging, filings show.

☆ Judge rejects Fox motions, allows Dominion's $1.6 billion defamation suit to go to trial
▼ + stars: | 2023-03-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

A Delaware judge on Friday said Dominion Voting's $1.6 billion defamation lawsuit against Fox Corp. and its networks could go to trial in April. Judge Eric Davis of Delaware's Superior Court rejected Fox's arguments that it should bypass a trial since it's protected by the First Amendment. We look forward to going to trial," Dominion said late Friday afternoon. The former president, who was indicted Thursday in an unrelated criminal matter, has repeatedly made false claims about the election being rigged against him. The depositions of both Murdochs, as well as other Fox Corp. executives, are to be included in the trial, too.

New York CNN —Dominion Voting Systems’ historic defamation case against Fox News will proceed to a high-stakes jury trial next month, a Delaware judge ruled Friday, declining to declare a pretrial winner. But in his Friday ruling, Davis said that the evidence Dominion presented shows Fox News aired falsehoods about the company. “The evidence developed in this civil proceeding demonstrates that is CRYSTAL clear that none of the Statements relating to Dominion about the 2020 election are true,” Davis wrote. The on-air statements, from various Fox News hosts after the 2020 election, had accused Dominion of rigging the election by flipping millions of votes from Donald Trump to Joe Biden. Incriminating texts and emails have shown how Fox executives, hosts and producers didn’t believe the claims the network was peddling about Dominion.

☆ Dominion’s historic defamation case against Fox News will go to trial, judge rules, in major decision dismantling key Fox defenses
▼ + stars: | 2023-03-31 | by ( Marshall Cohen Oliver Darcy | Marshall Cohen | Oliver Darcy | ) edition.cnn.com time to read: +8 min

New York CNN —Dominion Voting Systems’ historic defamation case against Fox News will proceed to a high-stakes jury trial in mid-April, a Delaware judge ruled Friday, in a major decision that dismantled several of the right-wing network’s key defenses. Both sides had asked Delaware Superior Court Judge Eric Davis for a pretrial ruling in their favor, declaring them the winner. After thousands of pages of filings and exhibits, and a series of courtroom clashes, Davis decided the case should go to trial. Incriminating texts and emails have shown how Fox executives, hosts and producers didn’t believe the claims the network was peddling about Dominion. Despite what appeared on air, Fox News executives and hosts privately criticized the Trump camp for pushing claims of election fraud.

☆ French and US hostages released in West Africa after years of captivity
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

Dubois was kidnapped in Mali in 2021, while Woodke was kidnapped in neighbouring Niger in 2016. "After several months of efforts, Nigerien authorities obtained the liberation of the two hostages from the hands of (JNIM), an active terrorist group in West Africa and the Sahel," Niger's interior minister Hamadou Adamou Souley told journalists at the airport, flanked by the two men. French President Emmanuel Macron thanked Niger for its help in securing the Dubois's release. "I’m gratified & relieved to see the release of U.S. hostage Jeff Woodke after over 6 years in captivity," Sullivan said on Twitter. Those groups have repeatedly declared French citizens in West Africa to be targets since a 2013 military intervention by France drove them back a year earlier.

☆ Former NYC corrections union chief convicted of bribery wins early prison release
▼ + stars: | 2023-02-24 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] Norman Seabrook, (C) the head of New York City's prison guard union, exits the Manhattan District court house in New York, U.S., July 22, 2016. Seabrook, 63, the former head of the Correction Officers' Benevolent Association, has spent 21 months in prison after unsuccessfully appealing his August 2018 conviction. "The sentence Huberfeld originally received reflected an approximate equivalence between the conduct of the bribe giver, Huberfeld, and the bribe taker, Seabrook," Hellerstein wrote. The correction officers union has about 20,000 active and retired members. The case is U.S. v Seabrook, U.S. District Court, Southern District of New York, No.

☆ Powell's speech triggered record options bets, topping even the meme stock frenzy
▼ + stars: | 2023-02-07 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

he asked in a note, adding that the previous record amount of call buying activity was in January 2021 just as the meme stock frenzy peaked. Those options were big market bets, like in the SPDR S & P 500 ETF and Invesco QQQ Trust, which represents the Nasdaq 100. SPY 5D line spy Much of the volume was in zero-day to expiration options, which expire on the same day. "The reality is if you bought the stock market in January 2021 and held onto it for any time period, you would be happy." Stock Chart Icon Stock chart icon spyMuch of the volume was in zero-day to expiration options, which expire on the same day.

☆ How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates
▼ + stars: | 2023-02-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market sharply higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its statement that it anticipates ongoing rate hikes. .SPX 1D line stocks Powell spoke afterward at a press conference, warning the market of more rate hikes and a tough stance on inflation. But traders seemed to cherry pick comments that had a dovish tilt to them, and the stock market reversed course and rallied hard. In its statement, the Fed swapped out the word "pace" for "extent" of future rate hikes when describing what it would take into account in in deciding on further increases.

☆ Supreme Court takes Coinbase appeal over crypto lawsuits
▼ + stars: | 2022-12-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The Supreme Court on Friday agreed to hear an appeal by the major crypto exchange Coinbase , which is seeking to have two customer lawsuits against the company resolved by private arbitration, not by a federal court. "We are gratified the Supreme Court agreed to hear our appeal, and we look forward to its resolution of this matter," a Coinbase spokesperson said. But the case might be the first taken by the Supreme Court involving a cryptocurrency company. "It's the first one I've known of, for sure," said Glenn Chappell, an attorney for Abraham Bielski, one of the Coinbase customers who is suing the company. "It may very well be the first one," he said.

☆ America's longest-serving congresswoman argues her district needs to 'hold on to the seniority we have' amid broader calls for generational change in politics
▼ + stars: | 2022-11-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Rep. Marcy Kaptur, 76, is the longest-serving woman in the history of the House of Representatives. She faces a tough re-election against a controversial GOP opponent amid broader calls for new leaders. In an interview with Insider in Toledo, Kaptur touted the benefits that her seniority brings to her district. the 76-year-old lawmaker told Insider during an interview in a staffer's black Jeep following a press conference. Bryan Metzger/InsiderOwing to her seniority, Kaptur sits on the powerful House Appropriations Committee, where she chairs the Subcommittee on Energy and Water Development.

☆ Judge tosses most charges against Kansas researcher
▼ + stars: | 2022-09-23 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

A federal judge on Tuesday threw out three of four convictions against a Kansas researcher accused of illegally concealing work he was doing at a Chinese university while working at the University of Kansas, leaving only a conviction for making a false statement on a form. A jury convicted researcher Feng “Franklin” Tao in April on three counts of wire fraud and one count of false statements. He was accused of not disclosing that he was working for Fuzhou University in China while employed at the Kansas university. She upheld the making a false statement conviction and denied Tao’s request for a new trial on that count. She said Tao did make a false statement to Kansas on a conflict of interest statement he submitted to the university in 2018.

Search resuls for: "gratified"

22 mentions found