business
New White House Website Criticizes Journalists and News Outlets
‘Hall of Shame’ identifies individual outlets and reporters for alleged bias and lies, in administration’s latest salvo against the press. Source link
Netflix Makes Majority Cash Bid for Warner Discovery
The streaming giant, Paramount and Comcast made second bids for Warner Discovery. Source link
Estee Lauder Restructuring Has Cost $1.14 Billion
The company said it had approved new efforts in late October to consolidate certain service providers, standardize its business processes, and pursue a net reduction in workforce, according to a Monday filing with the SEC. Source link
Buy Now, Pay Later Companies Asked to Share Lending Practices
Attorneys general from seven states are launching an inquiry into buy now, pay later lenders including Affirm, Klarna and PayPal. Source link
Shopify Breaks Down on Busy Cyber Monday
The outage at the e-commerce host interrupted transactions for merchants who use Shopify’s technology to sell products online. Source link
Starbucks Reaches $38.9 Million Settlement With NYC on Worker Protection Violations
The global coffee chain will pay $35.5 million to more than 15,000 workers, along with $3.4 million in civil penalties and costs, the city said. Source link
Strategy Cuts Outlook, Establishes $1.44 Billion Reserve Amid Bitcoin Selloff
The bitcoin treasury company now expects to report between a loss of $5.5 billion and profit of $6.3 billion for the year, down from its October guidance for a profit of $24 billion. Source link
New York City to Get Three Major Casinos
A state commission awarded licenses to Mets owner Steve Cohen and two other proposals to open glitzy gambling parlors in a city that has largely been off limits. Source link
Airbus Suffers New Quality Issue Days After Software Glitch
Shares in the European plane maker fell as much as 10% before recovering some ground. Source link
Australia’s SecondQuarter Raising Third Fund Targeting $2.6 Billion Opportunity
Australian secondary funder SecondQuarter Ventures is aiming to tap what it estimates is US$2.6 billion in demand from local tech founders and investors over the next three years. Source link