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"Interim X logo goes live later today," Musk said on Twitter adding that "X.com" would now redirect to Twitter's website. Musk's X Corp owns Twitter. The billionaire said in a Sunday post he wanted to change Twitter's logo and polled his millions of followers whether they would favor changing the site's color scheme from blue to black. Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. In April, Twitter's legacy blue bird logo was temporarily replaced by Dogecoin's Shiba Inu dog, helping drive a surge in the cryptocurrency's market value.
Persons: Elon Musk, Musk, Dado Ruvic, adieu, Musk's, Dogecoin's Shiba, Mrinmay Dey, Rishabh, William Mallard, Jan Harvey, Cynthia Osterman Organizations: Twitter Inc, Twitter, X Corp, REUTERS, Thomson Locations: Bengaluru
Elon Musk says Twitter to change logo, adieu to 'all the birds'
  + stars: | 2023-07-23 | by ( ) www.reuters.com   time to read: +2 min
July 23 (Reuters) - Elon Musk said on Sunday he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds". ET (0406 GMT), the social media platform's billionaire owner added: "If a good enough X logo is posted tonight, we'll make (it) go live worldwide tomorrow." loadingMusk posted an image of a flickering "X", and later in a Twitter Spaces audio chat replied "Yes" when asked if the Twitter logo will change, adding that "it should have been done a long time ago". Twitter's website says its logo, depicting a blue bird, is "our most recognizable asset". Since Musk acquired it, the company has laid off more than half its workforce to cut costs.
Persons: Elon Musk, adieu, Dogecoin's Shiba, Musk, Rishabh, William Mallard, Jan Harvey Organizations: Twitter, X Corp, Thomson Locations: Bengaluru
July 19 (Reuters) - Google is exploring using artificial intelligence tools to write news articles and is in talks with news organizations to use the tools to assist journalists, a company spokesperson said late on Wednesday. These AI tools could assist journalists with options for headlines or different writing styles, for instance, in a way that "enhances their work and productivity," the Google spokesperson said, adding it was in the "earliest stages of exploring ideas". "Quite simply these tools are not intended to, and cannot, replace the essential role journalists have in reporting, creating, and fact-checking their articles," the spokesperson said. The AI tool that was pitched is called Genesis internally at Google, the NYT said, citing people familiar with the matter. A News Corp spokesperson declined to comment on the NYT report or the AI tool, but said, "We have an excellent relationship with Google, and we appreciate (Google CEO) Sundar Pichai's long-term commitment to journalism."
Persons: Sundar Pichai's, OpenAI, Urvi Dugar, Savio D'Souza Organizations: Google, New York Times, Washington Post, Wall Street, News Corp, Associated Press, Thomson Locations: Bengaluru
July 19 (Reuters) - Google is exploring using artificial intelligence tools to write news articles and is in talks with news organizations to use the tools to assist journalists, a company spokesperson said late on Wednesday. These AI tools could assist journalists with options for headlines or different writing styles, for instance, in a way that "enhances their work and productivity," the Google spokesperson said, adding it was in the "earliest stages of exploring ideas". "Quite simply these tools are not intended to, and cannot, replace the essential role journalists have in reporting, creating, and fact-checking their articles," the spokesperson said. The AI tool that was pitched is called Genesis internally at Google, the NYT said, citing people familiar with the matter. A News Corp spokesperson declined to comment on the NYT report or the AI tool, but said, "We have an excellent relationship with Google, and we appreciate (Google CEO) Sundar Pichai's long-term commitment to journalism."
Persons: Sundar Pichai's, OpenAI, Urvi Dugar, Savio D'Souza Organizations: Google, New York Times, Washington Post, Wall Street, News Corp, Associated Press, Thomson Locations: Bengaluru
[1/2] Cars are shown lined up at the valet parking area outside the Creative Artists Agency building in Los Angeles, California, September 24, 2012. REUTERS/Jonathan AlcornJuly 14 (Reuters) - Creative Artists Agency (CAA) is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault in a deal that could value the Hollywood talent agency at over $7 billion, according to a person familiar with the matter. CAA did not immediately respond to a request for comment, and spokespeople for Pinault and for TPG declined to comment. In 2021, CAA announced a deal to buy major Hollywood rival ICM Partners. Bloomberg first reported the talks between Pinault and CAA.
Persons: Jonathan Alcorn, Francois, Henri Pinault, Pinault, Kering, Salma Hayek, Tom Hanks, Zendaya, Steven Spielberg, Ariana Grande, Beyonce, Gursimran Kaur, Jyoti Narayan, Rishabh, Muralikumar Anantharaman, John Stonestreet Organizations: Creative Artists Agency, REUTERS, Hollywood, Gucci, TPG, CAA, ICM Partners, Bloomberg, Thomson Locations: Los Angeles , California, Los Angeles, Pinault, Bengaluru
Nvidia in talks to become anchor investor in Arm IPO - FT
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
July 12 (Reuters) - Chip designer Arm is in talks to bring in Nvidia (NVDA.O) as an anchor investor as it presses ahead with plans for a New York listing as soon as September, the Financial Times reported on Wednesday. Nvidia is the latest company to hold talks with SoftBank-owned Arm to take a long-term stake in the company at its initial public offering. In June Reuters reported that Arm was talking to more than 10 companies, including existing partners such as Intel (INTC.O). Nvidia and Arm declined to comment to Reuters. Last year regulators struck down Nvidia's planned acquisition of Arm worth $66 billion on competition grounds.
Persons: Rishabh, Savio D'Souza, Kim Coghill, Muralikumar Organizations: Nvidia, Financial Times, SoftBank, Reuters, Intel, Thomson Locations: York, Bengaluru, Anton, Tokyo
July 2 (Reuters) - DirecTV removed TV station owner Nexstar Media Group's (NXST.O) network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement, the companies said on Sunday. "Nexstar continues to manipulate loopholes to exceed the 39% national ownership cap, and has made public statements lauding its 68% reach across all U.S. TV households," DirecTV said. Both companies added that they are in discussions to return Nexstar programming to DirecTV and are hopeful for a quick resolution. The lawsuit sought an order blocking Nexstar from allegedly colluding with Mission Broadcasting Inc and White Knight Broadcasting Inc in fee negotiations with DirecTV. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Rishabh, Rashmi Organizations: DirecTV, Nexstar Media, Sunday, Nexstar, ABC, CBS, NBC, FOX, CW, AT, Irving, Mission Broadcasting Inc, White Knight Broadcasting Inc, Thomson Locations: U.S, Los Angeles, Chicago, Philadelphia, San Francisco, Denver, Texas, Bengaluru
UK's BMA union willing to cancel strikes for suitable pay offer
  + stars: | 2023-07-03 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Junior doctors hold placards during a strike, amid a dispute with the government over pay, in London, Britain April 11, 2023. REUTERS/Maja Smiejkowska/File PhotoJuly 3 (Reuters) - The British Medical Association (BMA), which represents about 45,000 junior doctors in England, said on Monday its members were willing to cancel strikes if the government presented them with a suitable pay offer. Separately, BMA's consultants committee also called on the government last month asking for a credible pay offer, to avoid strikes on July 20 and 21. The consultants committee said it is willing to cancel strikes if a suitable offer is presented. The BMA has said the latest pay offer of a 5% increase for 2023/24 was not credible since it was "nowhere near addressing pay erosion over the last 15 years."
Persons: Maja Smiejkowska, Vivek Trivedi, Rishi Sunak, Vishal Sharma, Steve Barclay, Barclay, Lavanya Ahire, Robert Birsel, Jacqueline Wong Organizations: REUTERS, British Medical Association, BMA, BMA Junior, British Health, Times, of Health, Social, Thomson Locations: London, Britain, England, Bengaluru
July 2 (Reuters) - Barclays (BARC.L) is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that Crispin Odey had sexually assaulted or harassed them over a 25-year period. OAM and Barclays did not immediately respond to a Reuters request for comment outside usual office hours. FT also reported earlier that the FCA had restricted the movement of cash and assets from OAM to restore order at the firm. Letters to OAM investors last week showed the manager has proposed to restructure two of its key funds as part of efforts to extract Crispin Odey from the business after the assault allegations.
Persons: Crispin Odey, Odey, AJ Bell, Hargreaves Lansdown, Goldman Sachs, Morgan Stanley, Rishabh, Kevin Liffey, David Holmes Organizations: Barclays, Odey Asset Management, Financial Times, redemptions, Tortoise Media, Sunday Barclays, Financial, Authority, FT, JPMorgan, Thomson Locations: British, Canada, Halifax, Bengaluru
June 28 (Reuters) - Binance's European banking partner Paysafe Payment Solutions Ltd will stop supporting the U.S. cryptocurrency exchange from Sept. 25, CoinDesk reported on Wednesday. The crypto exchange will be changing the provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), while the current partner — Paysafe — will no longer be providing these services to Binance users, the report said, citing Binance's spokesperson. Paysafe and Binance did not immediately respond to a Reuters request for comment. The report comes as Binance faces scrutiny from regulators keen to clamp down on money laundering. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: CoinDesk, — Paysafe, Binance, Paysafe, Rishabh, Rashmi Aich, Sherry Jacob, Phillips Organizations: U.S, Securities and Exchange Commission, Thomson Locations: Britain, Bengaluru
June 28 (Reuters) - Binance's current banking partner for euro trasactions Paysafe Payment Solutions Ltd will stop supporting the cryptocurrency exchange from Sept. 25 onwards, CoinDesk reported on Wednesday. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: CoinDesk, Rishabh, Rashmi Organizations: Thomson Locations: Bengaluru
Binance's European banking partner Paysafe to withdraw support
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
June 29 (Reuters) - Binance's European banking partner Paysafe Payment Solutions said on Thursday it will cease offering its embedded wallet solution to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25. "Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months," Paysafe said in a email to Reuters. Binance will be changing the provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), while the current partner — Paysafe — will no longer be providing these services to Binance users, CoinDesk reported on Wednesday. Binance typically accesses SEPA via payment intermediaries. Binance tied up with Paysafe last year to allow its users to deposit sterling via Faster Payments, a network that oversees payments and bank account transfers in Britain.
Persons: Paysafe, — Paysafe, CoinDesk, Binance, Rishabh, Rahat Sandhu, Yana Gaur, Sherry Jacob, Phillips, Jason Neely Organizations: European Economic, Reuters, U.S, Securities and Exchange Commission, Thomson Locations: Britain, Bengaluru
June 27 (Reuters) - UBS Group (UBSG.S) is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday. Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said. UBS and Credit Suisse declined to comment. Reuters had last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China. Earlier this month, UBS Chief Executive Sergio Ermotti warned of painful decisions about job cuts following the takeover of Credit Suisse, but did not give details about the number of potential layoffs.
Persons: Sergio Ermotti, Rishabh, Arun Koyyur Organizations: UBS, Bloomberg, . Bankers, Credit, headcount, Credit Suisse, Reuters, Thomson Locations: London , New York, Asia, Swiss, Australia, China, Bengaluru
Companies Starbucks Corp FollowJune 26 (Reuters) - Starbucks (SBUX.O) plans to issue "clearer" centralized guidelines for in-store visual displays following a union's allegations that managers banned Pride-themed decor, the coffee chain said in an internal memo to employees. "We intend to issue clearer centralized guidelines... for in-store visual displays and decorations that will continue to represent inclusivity and our brand," Starbucks North America President Sara Trilling said in the memo. The memo comes after the union representing the coffee chain's baristas alleged that managers at dozens of Starbucks locations had prevented employees from putting up Pride Month flags and decorations, or had removed them. More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job, the union said on Friday. Starbucks also filed two complaints against Workers United with the National Labor Relations Board (NLRB) on Monday, alleging that the union made misleading claims on the company's in-store decoration guidelines and gender-affirming care benefits.
Persons: Sara Trilling, baristas, Akanksha Khushi, Lavanya Ahire, Chandni Shah, Subhranshu Sahu, Rashmi Organizations: Starbucks Corp, North, Starbucks, Workers United, National Labor Relations Board, Reuters, U.S, Thomson Locations: United States, Bengaluru
June 27 (Reuters) - UBS Group (UBSG.S) is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday. Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said. UBS and Credit Suisse declined to comment. Reuters had last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China. Earlier this month, UBS Chief Executive Sergio Ermotti warned of painful decisions about job cuts following the takeover of Credit Suisse, but did not give details about the number of potential layoffs.
Persons: Sergio Ermotti, Rishabh, Arun Koyyur Organizations: UBS, Bloomberg, . Bankers, Credit, headcount, Credit Suisse, Reuters, Thomson Locations: London , New York, Asia, Swiss, Australia, China, Bengaluru
Activist investor Elliott seeks ouster of NRG CEO - WSJ
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +1 min
June 21 (Reuters) - Activist investor Elliott Investment Management is increasing pressure on NRG Energy (NRG.N) and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Elliott is in talks with potential candidates to replace the U.S. power company's CEO as well as other top executives, the report said. In a statement to Reuters, an NRG spokesperson said that the company's board "fully supports NRG's CEO Mauricio Gutierrez and management team," adding that the company will be discussing its strategic plan with shareholders at its investor day. The report comes after Elliott sent a letter to NRG's board last month, pushing for a boardroom overhaul. The activist investor had urged the company to conduct a review of its home services strategy and add new independent directors.
Persons: Mauricio Gutierrez, Elliott, Rahat Sandhu, Rishabh Jaiswal, Krishna Chandra Eluri, Maju Samuel, Subhranshu Organizations: Investment Management, NRG Energy, Wall Street, Reuters, NRG, Elliott Investment, Thomson Locations: U.S, Bengaluru
Medtech firm Surgalign files for Chapter 11 bankruptcy
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: 1 min
June 19 (Reuters) - Beleagured U.S. medical technology company Surgalign Holdings (SRGA.O) filed for a voluntary Chapter 11 bankruptcy on Monday. Surgalign filed for the bankruptcy with estimated assets and liabilities in the range of $50 million to $100 million in the Bankruptcy Court for the Southern District of Texas. The Deerfield, Illinois-based company said in March that it had reduced its workforce by about 20% and cut non-essential spending, and realigned resources. In November last year, the company approved a corporate restructuring plan, which included discontinuing some of its lower-performing units as well as intending to continue its brand and product rationalization programs. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Surgalign, Rishabh, Rashmi Organizations: Surgalign Holdings, Southern, Southern District of Texas, Thomson Locations: Southern District, The Deerfield , Illinois, Bengaluru
Companies AstraZeneca PLC FollowJune 18 (Reuters) - Drugmaker AstraZeneca (AZN.L) is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. The company would seek to be a patriotic company in China that "loves the Communist Party", its China president said in May. Last year, the country accounted for 13% of AstraZeneca's total sales, and the company is China's biggest drugmaker. The spin off could protect AstraZeneca from tensions between China and other global powers, while the company retained control of the business, the FT's report said. AstraZeneca said it did not comment on "rumours or speculations around future strategy or M&A."
Persons: Bharat Govind Gautam, Rishabh Jaiswal, Chris Reese, Diane Craft Organizations: AstraZeneca, Financial Times, Communist Party, Thomson Locations: China, Hong Kong, Shanghai, Bengaluru
US can't yet compete with China on EVs, Ford chairman tells CNN
  + stars: | 2023-06-18 | by ( ) www.reuters.com   time to read: +1 min
June 18 (Reuters) - Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. And now they're exporting them," Ford told CNN's 'Fareed Zakaria GPS' Sunday program. "They're not here but they'll come here we think, at some point, we need to be ready, and we're getting ready," Ford said. Bill Ford, who is the great-grandson of company founder Henry Ford, said in the program that the Michigan battery plant is a chance for Ford engineers to learn the technology and then use it themselves. Ford CEO Jim Farley said in May that Chinese electric vehicle makers are its main rivals in the sector, and that Ford needs distinctive branding or lower costs to beat Chinese automakers.
Persons: Bill Ford, Ford, CNN's, Fareed Zakaria, we're, Marco Rubio, Biden, Henry Ford, Jim Farley, Rishabh Jaiswal, Bharat Govind Gautam, Diane Craft Organizations: Ford, Toyota, Thomson Locations: United States, China, Michigan, Bengaluru
Magnitude 6.4 earthquake strikes the Gulf of California
  + stars: | 2023-06-18 | by ( ) www.reuters.com   time to read: 1 min
June 18 (Reuters) - An earthquake of magnitude 6.4 struck the Gulf of California on Sunday, the European Mediterranean Seismological Centre (EMSC) said. The quake struck at a depth of 10 km (6.21 miles), EMSC said. The U.S. Tsunami Warning system said there was no tsunami danger for the U.S. West Coast, British Columbia, or Alaska following the quake. The U.S. Geological Survey (USGS) pegged the earthquake at a magnitude of 6.3. Reporting by Rishabh Jaiswal in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: EMSC, Rishabh, Chris Reese Organizations: Mediterranean Seismological, U.S ., Geological Survey, Thomson Locations: of California, U.S, U.S . West Coast , British Columbia, Alaska, Bengaluru
Unilever to scoop up frozen yogurt brand Yasso
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: 1 min
June 14 (Reuters) - Unilever (ULVR.L) said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry's, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice cream division and cater to rising demand for healthier snack options. Unilever did not disclose financial details related to the deal, which is set to close in the third quarter of 2023. Reporting by Rishabh Jaiswal in Bengaluru and Abigail Summerville in New York; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Jerry's, Rishabh, Abigail Summerville, Maju Samuel Organizations: Unilever, Holdings, Ben, Thomson Locations: North America, Boulder , Colorado, Bengaluru, New York
June 11 (Reuters) - U.S. venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when U.S. regulators have increased scrutiny of the cryptocurrency sector. The London office, set to open later this year, will work with universities in the UK and support the development of blockchain technologies and startups, the company said in a statement, adding that it will be led by one of the firm's general partners, Sriram Krishnan. The decision follows talks with British Prime Minister Rishi Sunak and other authorities for months, Dixon said. Sunak said in the statement he is "determined to unlock opportunities" for blockchain technology and "turn the UK into the world’s Web3 centre". Reporting by Rishabh Jaiswal and Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Andreessen Horowitz, Sriram Krishnan, Andreessen, We're, Chris Dixon, Andreessen's, Rishi Sunak, Dixon, Sunak, Rishabh Jaiswal, Muralikumar Organizations: U.S . Securities, Exchange Commission, SEC, British, Thomson Locations: London, Bengaluru
June 11 (Reuters) - UBS AG (UBSG.S) is set to impose tight restrictions on Credit Suisse (CSGN.S) bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said on Sunday, citing people with knowledge of the matter. Bloomberg News reported on Saturday that the emergency takeover of Credit Suisse by UBS will close on Monday. The Swiss government agreed on Friday to guarantee up to 9 billion Swiss francs ($9.96 billion) of losses UBS may incur from the sale of its rival's assets beyond 5 billion francs the lender is due to cover itself. Credit Suisse declined to comment, while UBS did not immediately respond to a Reuters request for comment. ($1 = 0.9038 Swiss francs)Reporting by Rishabh Jaiswal in Bengaluru; editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Rishabh, Paul Simao Organizations: UBS AG, Credit Suisse, Financial Times, Bloomberg, UBS, Thomson Locations: Libya, Russia, Sudan, Venezuela, Ukrainian, Swiss, Bengaluru
May 5 (Reuters) - Ant Group Co (688688.SS) is considering selling its stake in its virtual banking unit in Hong Kong, Bloomberg News reported on Friday citing people familiar with the matter. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
April 23 (Reuters) - The United States asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans memory chipmaker Micron (MU.O) from selling chips, the Financial Times reported on Sunday. The United States made the request as South Korean President Yoon Suk Yeol prepares to travel to Washington on Monday, the newspaper reported, according to four people familiar with the talks. China's cyberspace regulator Cyberspace Administration of China (CAC) said in March that it would conduct a cybersecurity review of products sold in the country by Micron. In a response, Micron said that it is cooperating with the Chinese government and that its operations in China are normal. It has blacklisted a number of China's largest chip firms, including Micron rival Yangtze Memory Technologies Co Ltd.
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