Business

Business


Expert calls NRA’s spending policies a ‘dumpster fire’ as gun group’s civil trial begins a new phase

NEW YORK (AP) — The second phase of the trial in a civil lawsuit against the National Rifle Association began Monday in Manhattan, with New York Attorney General Letitia James seeking an independent monitor to oversee the powerful gun rights group’s finances. In addition, the Democrat wants Wayne LaPierre, the organization’s former CEO, banned from […]

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Macy’s ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

Macy’s is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing.  In announcing the end of negotiations on Monday, Macy’s alleged that Arkhouse Management and Brigade Capital Management did not meet its request for information by a June 25 deadline, including the highest purchase […]

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Alberta to relax rule on buying oil, gas wells if municipal taxes unpaid

The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer’s outstanding taxes. “I have informed the Alberta Energy Regulator and the Orphan Well Association that my office will be amending the order in a way that will protect […]

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CBC/Radio-Canada board approves bonuses for 2023-24, but will review performance pay

The board of directors for CBC and Radio-Canada has approved bonuses for some staff for work they did in the most recent fiscal year, despite members of Parliament saying it would be inappropriate to do so after hundreds of jobs were eliminated.  The decision was posted on the public broadcaster’s website last month following a […]

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Data of nearly all AT&T customers downloaded from a third-party platform in security breach

The data of nearly all customers of the telecommunications giant AT&T was downloaded from a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally.  The breach, which took place in April of this year but mostly involved data from 2022, hit AT&T’s […]

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One Tech Tip: What to do if your personal info has been exposed in a data breach

LONDON (AP) — Data breaches like the most recent one involving AT&T customers are becoming an almost regular occurrence.  As more of our lives move online, our personal data like email addresses, phone numbers, birthdates and even passcodes are becoming ever more vulnerable to theft or being mistakenly exposed.  In malicious breaches, cybercriminals can use […]

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European Union says X’s blue checks are deceptive ‘dark patterns’ that breach its social media laws

LONDON (AP) — The European Union said Friday that blue checkmarks from Elon Musk’s X are deceptive and that the online platform falls short on transparency and accountability requirements, the first charges against a tech company since the bloc’s new social media regulations took effect.  The European Commission outlined the preliminary findings from its investigation […]

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US senators call out Big Tech’s new approach to poaching talent, products from smaller AI startups

In the race to stay ahead in artificial intelligence, the biggest technology companies are swallowing up the talent and products of innovative AI startups without formally acquiring them. Now three members of the U.S. Senate are calling for an investigation.  San Francisco-based Adept announced a deal late last month that will send its CEO and […]

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Amazon Prime Day is a big event for scammers, experts warn

Amazon Prime Day is here, and experts are reminding consumers to be wary of scams. Deceptions such as phony emails from people impersonating online retailers like Amazon are nothing new. But phishing attempts increase amid the heavy spending seen during significant sales events, whether it’s Black Friday or Prime Day, according to the Better Business […]

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Microsoft quits OpenAI board seat as antitrust scrutiny of artificial intelligence pacts intensifies

Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the ChatGPT maker has improved its governance since being roiled by boardroom chaos last year.  In a Tuesday letter, Microsoft confirmed it was resigning, “effective immediately,” from its role as an observer on the artificial intelligence company’s […]

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NRA’s ex-CFO agreed to 10-year not-for-profit ban, still owes $2M for role in lavish spending scheme

NEW YORK (AP) — The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday. Phillips agreed to the ban in May, three months after a jury found him liable in a scheme to […]

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ATCO Electric fined $3 million for unearned rate increases, overstating its costs

A prominent Alberta company has agreed to pay $3 million in fines for misleading the province’s utilities watchdog about its costs in two separate projects.  ATCO Electric has also agreed to refund $4 million in recompense for unearned rate increases, a deal that now goes before the Alberta Utilities Commission for approval.  “ATCO Electric admits […]

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