DIRS.INFO The most relevant business & tech news

☆ Rupert Murdoch, 92, is dating again after breaking off his engagement to Ann Lesley Smith 4 months ago
▼ + stars: | 2023-08-17 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Media mogul Rupert Murdoch, 92, has a new girlfriend, Elena Zhukova. Murdoch met Zhukova at a family gathering hosted by one of his ex-wives, per The Guardian. Zhukova is a retired biologist and was previously married to Russian billionaire, Alexander Zhukov. Fox Corp. Chairman Rupert Murdoch is back on the dating scene again, four months after he called off an engagement with another woman. Earlier this year, Murdoch had announced plans to wed Ann Lesley Smith, a former conservative radio host.

Persons: Rupert Murdoch, Elena Zhukova, Murdoch, Zhukova, Alexander Zhukov, Wendi Deng, Ann Lesley Smith, Cindy Adams Organizations: Guardian, Fox Corp, Daily Mail, New York Locations: Russian

☆ Top Morningstar strategist tells investors to sell these 6 'overvalued' stocks — and names 5 to buy
▼ + stars: | 2023-08-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Despite last week's selloff, the strong rally this year means U.S. markets are now trading at only a small discount compared with the start of the year, says top Morningstar strategist Dave Sekera. He named six such stocks: Nvidia , Tesla , Oracle , Netflix , Apple , and Eli Lilly . Stocks to buy Still, Sekera said, there are opportunities in some stocks that investors can get into. He names five that he likes and that are still trading at a discount to their fair value. American Tower : This REIT, which owns cell phone towers, is trading at a 18% discount, Morningstar said.

Persons: selloff, Dave Sekera, CNBC's, Sekera, Eli Lilly, Morningstar, Stocks Organizations: Nasdaq, Nvidia, Tesla, Oracle, Netflix, Apple, Tech, Microsoft, Cognizant, Morningstar, Morningstar . U.S . Bancorp, U.S, Bank, Jacobs Solutions, RTX Corp, Pratt & Whitney Locations: U.S, Morningstar .

☆ A top lawyer who oversaw the Fox News and Dominion settlement is stepping down with a $23 million exit package
▼ + stars: | 2023-08-12 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Fox's top lawyer is stepping down just a few months after the company's mammoth Dominion settlement. Viet Dinh will receive a $23 million lump sum payment when he exits as chief legal officer later this year. Dinh was a key confidant of the Murdochs and is godfather to Fox Corp CEO Lachlan's son. One of Fox's most prominent lawyers and a key player in the Dominion settlement is stepping down from his influential role at the company, and will take home a $23 million exit package. Dominion sued Fox for $1.6 billion after the group's news channel raised doubts about the Dominion's voting machines following the 2020 presidential elections.

Persons: Viet Dinh, Dinh, Lachlan Murdoch, Murdoch, Dinnh, pitbull, George Bush, Fox Organizations: Fox Corp, Morning, Securities and Exchange Commission, FOX, Century Fox, Fox, Disney, Dominion Locations: Viet, Dominion, Republican

☆ Fox's legal head to step down in another major exit after Dominion settlement
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Segar/File PhotoAug 11 (Reuters) - Fox Corp (FOXA.O) said on Friday that Chief Legal Officer Viet Dinh was stepping down, a high-profile exit that follows its $787.5 million settlement in April of a defamation lawsuit filed by Dominion Voting Systems over its 2020 U.S. election coverage. Top-rated host Tucker Carlson agreed to part ways with Fox in April, just days after the legal resolution. As part of a separation agreement, Dinh will get a lump-sum cash payment of $23 million, Fox said. He will become a special adviser to the company after leaving the role of legal head. In June, Fox Corp also settled a lawsuit by former Fox News producer Abby Grossberg, who claimed gender discrimination and accused the network's lawyers of pressuring her to make misleading statements in the Dominion Voting Systems case.

Persons: Mike Segar, Dinh, Tucker Carlson, Fox, George W Bush, Bancroft PLLC, Kirkland & Ellis, Ng, Abby Grossberg, Chavi Mehta, David Thomas, Anil D'Silva, Shilpi Majumdar Organizations: Fox, News Corporation, Fox News, REUTERS, Fox Corp, Dominion Voting Systems, Dominion, Patriot, U.S, D.C, Kirkland &, Voting, Thomson Locations: Manhattan, New York City , New York, U.S, Washington, Bengaluru, Chicago

☆ Fox's chief legal officer to step down
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: 1 min

Aug 11 (Reuters) - Fox Corp (FOXA.O) said on Friday Viet Dinh would step down from his role as chief legal officer and become a special adviser to the company, effective Dec. 31. Dinh joined FOX as chief legal and policy officer in 2018 and has led the news company's legal, compliance, and regulatory matters, as well as overseen government affairs. This follows the $787.5 million defamation settlement earlier this year with Dominion Voting Systems, which sued Fox in 2021 over Fox News' coverage of false vote-rigging claims about the voting technology firm. Reporting by Chavi Mehta in Bengaluru; Editing by Anil D'Silva and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Viet Dinh, Dinh, Chavi Mehta, Anil D'Silva, Shilpi Majumdar Organizations: Fox Corp, FOX, Dominion Voting Systems, Fox, Fox News, Thomson Locations: Viet, Bengaluru

☆ X Corp. CEO Linda Yaccarino is 'the advertising jedi', says Taboola CEO Adam Singolda
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX Corp. CEO Linda Yaccarino is 'the advertising jedi', says Taboola CEO Adam SingoldaTaboola CEO Adam Singolda joins 'Squawk Box' to discuss the X Corp.'s advertising strategy, whether CEO Linda Yaccarino can win back advertisers after the platform lost half its revenue during Elon Musk's initial takeover, and more.

Persons: Linda Yaccarino, Adam Singolda Taboola, Adam Singolda Organizations: X Corp, Elon

☆ Watch CNBC’s full interview with Reddit co-founder Alexis Ohanian
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Reddit co-founder Alexis OhanianAlexis Ohanian, 766 founder and Reddit co-founder, joins 'Squawk Box' to discuss the rebrand of X Corp., formerly known as Twitter, as it makes a big push to win back advertisers, the new social media landscape, the power of online communities, the impact of A.I., and more.

Persons: Reddit, Alexis Ohanian Alexis Ohanian Organizations: X Corp

☆ Elon Musk's latest X ad innovation is a really clever product solution, says Alexis Ohanian
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's latest X ad innovation is a really clever product solution, says Alexis OhanianAlexis Ohanian, 766 founder and Reddit co-founder, joins 'Squawk Box' to discuss the rebrand of X Corp., formerly known as Twitter, as it makes a big push to win back advertisers, the new social media landscape, the power of online communities, the impact of A.I., and more.

Persons: Elon, Alexis Ohanian Alexis Ohanian, Reddit Organizations: X Corp

☆ Fox Chief Legal Officer Viet Dinh to step down months after Dominion settlement
▼ + stars: | 2023-08-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Fox Corp. Chief Legal and Policy Officer Viet Dinh will step down from his post, months after the company agreed to pay a $787.5 million settlement to Dominion Voting Systems. The departure comes after Dinh advised the company through the lawsuit with the voting machines company, which was halted just short of a trial with the April settlement. While Fox agreed to the settlement, its hosts weren't required to talk about the lawsuit or make any public apology for on-air statements. Carlson and Dinh were among the Fox anchors and executives who were questioned as part of the lawsuit. "We are grateful that he will continue to serve FOX as Special Advisor where we will benefit from his counsel."

Persons: Dinh, Donald Trump, Joe Biden, Tucker Carlson, Jesse Watters, Carlson, Lachlan Murdoch Organizations: News Corporation, Fox News, New York City . Fox Corp, Voting Systems, Dominion, Fox, FOX, Century Fox, Fox Corp Locations: New York City

☆ X Corp. CEO Linda Yaccarino says she has 'autonomy' under Elon Musk
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX Corp. CEO Linda Yaccarino says she has 'autonomy' under Elon MuskLinda Yaccarino, X Corp. CEO, joins 'Squawk on the Street' to discuss the company's decision to rebrand the name from Twitter to X, the gravity of changing the brand's name and working for Elon Musk.

Persons: Linda Yaccarino, Elon Musk Linda Yaccarino, Elon Musk Organizations: X Corp, Twitter, Elon

☆ X Corp. CEO Yaccarino on Threads rivalry and potential cage fight between Musk and Zuckerberg
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX Corp. CEO Yaccarino on Threads rivalry and potential cage fight between Musk and ZuckerbergLinda Yaccarino, X Corp. CEO, joins 'Squawk on the Street' to discuss X's new competitor Threads and the possibility of a cage match between Mark Zuckerberg and Elon Musk.

Persons: Yaccarino, Musk, Zuckerberg Linda Yaccarino, Mark Zuckerberg, Elon Musk Organizations: X Corp

☆ Watch CNBC's full interview with X Corp. CEO Linda Yaccarino on Twitter rebrand and more
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with X Corp. CEO Linda Yaccarino on Twitter rebrand and moreLinda Yaccarino, X Corp. CEO, joins 'Squawk on the Street' to discuss the company's decision to rebrand the name from Twitter to X, Yaccarino's autonomy and when the company will become profitable.

Persons: Linda Yaccarino Organizations: X Corp, Twitter

☆ X Corp. now a much healthier and safer platform than a year ago, says Linda Yaccarino
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX Corp. now a much healthier and safer platform than a year ago, says Linda YaccarinoLinda Yaccarino, X Corp. CEO, joins 'Squawk on the Street' to discuss why brands would feel safe advertising on X, how the platform has changed its safety protocols, and Yaccarino's definition of a healthy platform.

Persons: Linda Yaccarino Linda Yaccarino Organizations: X Corp

☆ News Corp beats profit estimates on cost cuts, touts AI boost to future sales
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

Aug 10 (Reuters) - Rupert Murdoch's News Corp (NWSA.O) on Thursday beat quarterly profit estimates thanks to its cost-cutting efforts and talked up how generative artificial intelligence will support future results. For the first time, digital revenue accounted for over half of the company's total revenue for the full year, News Corp said. Higher digital subscription revenue in its fiscal fourth quarter helped News Corp absorb the impact of a 11.5% decline in advertising revenue. Revenue in its professional information business, which includes data and analytics platforms such as Oil Price Information Service, rose 10%. Excluding items, News Corp earned 14 cents per share, beating estimates of 8 cents, according to Refinitiv data.

Persons: Rupert, Robert Thomson, OpenAI, Thomson, Chavi Mehta, Dawn Chmielewski, Anil D'Silva, Stephen Coates Organizations: Rupert Murdoch's News Corp, News Corp, Sunday Times, Wall Street, Associated Press, Corp, Revenue, Price Information Service, New York Times Co, Fox Corp, Thomson Locations: Bengaluru, Dawn, Los Angeles

REUTERS/Jonathan ErnstAug 10 (Reuters) - A federal appeals court on Thursday will weigh lifting a Louisiana judge's order limiting the Biden administration's ability to communicate with social media companies to urge them to moderate information it deems harmful or misleading. Circuit Court of Appeals in New Orleans is set to hear arguments in the administration's appeal of the judge's ruling, which found that the government wrongly pushed social media firms to suppress disfavored political views. The Biden administration quickly appealed, and the 5th Circuit temporarily put the judge's ruling on hold while it heard the case. The administration denies forcing social media companies to take down any posts. The panel that will hear the Biden administration's appeal includes three judges who were all appointed by Republican presidents, U.S.

Persons: Joe Biden, Jonathan Ernst, Terry Doughty's, Doughty, Donald Trump, Trump, lockdowns, Biden, Edith Brown Clement, Jennifer Walker Elrod, Don Willett, Brendan Pierson, Nate Raymond, Aurora Ellis Organizations: REUTERS, Biden, Circuit, District, Democratic, Meta, Inc, YouTube, Twitter, X Corp, Trump, Department of Health, Human Services, Federal Bureau of, 5th Circuit, Republican, Thomson Locations: Arcosa, Belen , New Mexico, U.S, Louisiana, New Orleans, Missouri, Monroe, New York

☆ Stocks making the biggest moves midday: Beyond Meat, Chegg, PNC Financial, Dish & more
▼ + stars: | 2023-08-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The health care company reported earnings per share of $1.31. Organon posted $1.61 billion in revenue, beating analysts' expectations of $1.57 billion. Beyond Meat — The plant-based meat company fell 16% during midday trading after missing on second-quarter revenue, citing weak U.S. demand. The fragrance and cosmetics company reported revenue of $2.93 billion, falling shorter than analysts' estimates of $3.07 billion, according to StreetAccount. See Corp. — Shares of the packaging company lost 7% after See missed revenue expectations for the second quarter.

Persons: Moody's, Goldman Sachs, JPMorgan Chase, Organon, StreetAccount, Chegg, Charlie Ergen, EchoStar, Eli Lilly —, Eli Lilly, Palantir, —, Samantha Subin, Jesse Pound, Alex Harring, Hakyung Kim Organizations: PNC Financial, Citizens, T Bank —, T Bank, Webster, PNC, JPMorgan, Nordisk —, Technologies, Refinitiv . Fox Corp, Corp, —

☆ US to send Kyiv first $200 mln of arms freed by $6.2 bln 'accounting error'
▼ + stars: | 2023-08-07 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang... Read moreWASHINGTON, Aug 7 (Reuters) - President Joe Biden's administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. officials told Reuters, as it begins to dole out $6.2 billion of funds discovered after a Pentagon accounting error over-valued billions of Ukraine aid, two U.S. officials said on Monday. Ukraine needs weaponry that can be shipped from U.S. stocks in a matter of days or weeks so it can keep up its fight to repel Russia's invasion - the accounting error worked to Kyiv's benefit because more equipment can be sent. Washington is currently working on a supplemental budget request to continue to aid Kyiv, the U.S. officials said. Tuesday's expected announcement of $200 million would be the first tranche of the $6.2 billion windfall of previously authorized Presidential Drawdown Authority (PDA), the officials said. Reporting by Mike Stone in Washington; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Boris Pistorius, Lloyd Austin, Jens Stoltenberg, Wolfgang, Read, Joe Biden's, Tuesday's, Lockheed Martin, Mike Stone, David Gregorio Our Organizations: German, NATO, Ramstein Air Base, REUTERS, Reuters, Pentagon, Lockheed, Lockheed Martin Corp, Patriot, RTX Corp, Thomson Locations: Ukraine, U.S, Ramstein, Miesenbach, Germany, WASHINGTON, Kyiv, Washington

☆ An X user with 455,000 followers had his handle 'ripped' away by Elon Musk's company as part of its rebrand from Twitter
▼ + stars: | 2023-08-05 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

X has found its latest handle victim as it took away the handle "@music" from a user. It comes after the company suddenly removed the "X" handle from user Gene X Hwang. The page , which was formerly labeled Twitter Music, now has Vaught's old handle and is labeled as an affiliate of X. Just now, Twitter / X just ripped it away," Vaught tweeted. The removal of @music comes a week after the company took away the @x user handle from user Gene X Hwang without asking him.

Persons: Jeremy Vaught, Gene X Hwang, Vaught, Kwang, didn't Organizations: X Corp, Twitter, X HQ

☆ On tap next week: Two key inflation reports and 4 Club earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .

Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City

They also shared their findings with X Corp. days ahead of publication. Musk has claimed, without providing data, that bot activity has fallen since he acquired Twitter. In recent weeks, X Corp. sued Bright Data and the Center for Countering Digital Hate, for example, raising the ire of House Democrats. NCRI partners with Bright Data for pro-bono access to social media data, Goldenberg noted. X Corp. did not immediately respond to a request for comment.

Persons: Sam Bankman, NCRI, Elon Musk, Pepe, altcoin PEPE, Musk, Alex Goldenberg, Goldenberg Organizations: Twitter, Alameda Research, Network, Research, New Jersey GovSTEM, X Corp, Tesla, SpaceX, NCRI, Bright Data, Center, Democrats, Bright Locations: Hong Kong, China, New Jersey

☆ Nonprofit sued by Elon Musk's X claps back: It's 'straight out of the authoritarian playbook'
▼ + stars: | 2023-08-02 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +4 min

Elon Musk's X Corp. sued a nonprofit, alleging it made false claims about harmful content on Twitter. The nonprofit's CEO, Imran Ahmed, said the lawsuit was "straight out of the authoritarian playbook." The nonprofit that Elon Musk's X Corp. sued on Monday isn't holding back in its criticism of the billionaire. "Elon Musk didn't like the reflection he saw in the mirror, and so he sued the mirror," Ahmed wrote on X. Advertisers left in part due to rising concerns about hate speech and misinformation circulating on Twitter under Musk's direction.

Persons: Elon, Imran Ahmed, Ahmed, Musk, X Organizations: Elon Musk's X Corp, Twitter, Morning, Center

☆ Democrats press Musk on X's 'hostile stance' toward independent research of its platform
▼ + stars: | 2023-08-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Three Democratic lawmakers are pressing Elon Musk on his social media platform's "hostile stance" toward independent research efforts after X, formerly known as Twitter, sued a nonprofit research group that found an increase in hate speech after the billionaire's takeover. The lawmakers pointed to X's recent lawsuit against the Center for Countering Digital Hate, after the nonprofit found an increase in hate speech on the platform in the wake of Musk's takeover. This time, they added a question about whether X had successfully reduced hate speech and extremist content on its platform and if that had been verified by any third parties. The company added that values of platform safety and free expression are not in conflict with one another. X also alleged that CCDH had scraped its platform, in violation of its terms of service.

Persons: Elon Musk, Lori Trahan, Adam Schiff, Sean Casten, Linda Yaccarino, X, CCDH, Brandwatch, Imran Ahmed Organizations: Democratic, Twitter, X Corp, CNBC, Center, Bloomberg

☆ Twitter, now called X, sues researchers who showed rise in hate speech on platform after Musk takeover
▼ + stars: | 2023-08-01 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

X Corp., formerly known as Twitter, filed a lawsuit on Monday in federal court, accusing British researchers of unlawfully accessing data and selectively picking posts to show a rise in hate speech on the platform after Elon Musk acquired the company last year. The suit, against the nonprofit Center for Countering Digital Hate, focused on research the organization published in June. In one report, the CCDH looked at 100 different accounts subscribed to Twitter Blue and found that Twitter failed to act on 99% of hate posted by users. Other CCDH research indicated that Twitter failed to act on 89% of anti-Jewish hate speech and 97% of anti-Muslim hate speech on the platform. It also sued Israel-based Bright Data over alleged unauthorized scraping and selling of content and user data pulled from the platform.

Persons: Elon, Elon Musk, Elon Musk's, Imran Ahmed, Ahmed, Ye, West, Satya Nadella Organizations: X Corp, Twitter, Elon, SpaceX, Facebook, Bright Data, U.S, Ninth Circuit, LinkedIn Locations: Northern California, Dallas, Texas, Israel, U.S

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Lawyers for Musk in a separate filing said claims against him should be tossed out because he did not sign a specific provision of the merger agreement involving employee benefits, including severance pay. Twitter laid off more than half its workforce as a cost-cutting measure after Musk acquired the company last October. The lawsuit is not a class action, but two similar pending lawsuits brought on behalf of much larger groups of former Twitter employees claim the company owes more than $500 million in severance pay. X has said all of the workers were paid in full.

Persons: Carlos Barria, Elon Musk, Musk, Daniel Wiessner, Bernadette Baum Organizations: REUTERS, Reuters Connect Companies, X Corp, Twitter, Musk, Thomson Locations: San Francisco , California, U.S, Delaware, Wilmington , Delaware, New York , California, Texas, Albany , New York

☆ Elon Musk's X Corp is suing a nonprofit organization that tracks hate speech over its claims about Twitter
▼ + stars: | 2023-08-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk's X Corp is suing a nonprofit organization over its claims about hateful content on Twitter. X Corp said The Center for Countering Digital Hate illegally scraped its servers and made false claims. Elon Musk's X Corp is suing a nonprofit organization over its claims about harmful content on the social media platform. Twitter, now X, has been suffering from cash-flow problems after advertisers fled the platform in the early days of Musk's erratic leadership. X Corp is seeking unspecified damages as well as an injunction that would stop the CCDH from accessing Twitter's data.

Persons: Elon, Alex Spiro, CCDH Organizations: Elon Musk's, Corp, X Corp, Digital, Twitter Locations: California

Search resuls for: "X Corp"

25 mentions found