Category: business

Ericsson will pay over $1 billion to settle US corruption charges

[ad_1] The settlement leaves Ericsson largely free of criminal convictions that could have led to sanctions and other stiff penalties, although its Egyptian branch pleaded guilty to violating the FCPA. It’s paying about $520.6 million to the DOJ, while the remaining $539.9 million goes to the SEC. For contrast, companies like HP have paid ‘just’ […]

Despite the HQ2 debacle, Amazon will add office space in Manhattan

[ad_1] Early this year, Amazon pulled the plug on plans to build an “HQ2” in Queens after a number of local leaders and activists pushed back against the $3 billion in tax breaks and incentives it would receive. Now the online retail giant has confirmed plans to lease 335,000 square feet of office space in […]

Elon Musk wins defamation trial over British cave diver

[ad_1] A lawyer representing Vernon Unsworth called Elon Musk a “billionaire bully,” and sought up to $190 million in damages but a jury decided in his favor anyway. They ruled that his series of tweets last year that referenced Unsworth as a “pedo guy” and promised a “signed dollar” if it was true were not […]

‘Reno 911!’ is coming back as a Quibi exclusive

[ad_1] Series creators Robert Ben Garant, Thomas Lennon and Kerri Kenney-Silver will return to star in and write the reboot — we use the term write loosely here since most of the dialogue in Reno 911! was famously improvised. As for the rest of the cast, they’ll be announced at a later date. It’s hard […]

Magic Leap reportedly only sold 6,000 AR headsets in six months

[ad_1] While 6,000 is a modest sales figure by almost any metric, it’s made worse by Magic Leap’s initial targets. The Information writes CEO Rony Abovitz had told investors he hoped the company would sell “at least” 1 million units of the Magic Leap One in its first year of availability. Eventually, he was reportedly […]

Google accused of illegally firing workers to block unionization

[ad_1] The four employees in question were fired in November, for what the company claims were “clear and repeated violations” of data security policies. Google says the four had searched out information on other employees beyond the scope of their jobs. The former employees, for their part, say they were fired to scare other employees […]

Airbnb officially bans all ‘open-invite’ house parties

[ad_1] Airbnb has always prohibited “unauthorized” house parties thrown without the consent of the host. However, it has now instituted a global ban on “any event that the organizer opens up to anyone who wants to attend, such as gatherings advertised on social media,” wrote Airbnb’s VP of trust Margaret Richardson. She added that anyone […]

Uber’s first safety review contains thousands of sexual assault reports

[ad_1] In the long run, we will be a better company for taking this step today—because I firmly believe that companies who are open, accountable, and unafraid are ultimately the companies that succeed. (3/3) — dara khosrowshahi (@dkhos) December 5, 2019 Uber mentioned developments like its In-app safety button, as well as new changes. It […]

Microsoft’s redesigned Office mobile apps read text out loud

[ad_1] The apps now have a more consistent visual design, which includes new app icons, splash screens, cards, typography and more. Productivity features like Play My Emails will let users listen to their inbox as if it were a podcast, and Read Aloud will serve a similar function in Word and Office apps. You can […]