A Walt Disney Company executive who was fired after he instigated a fight against the Florida “Don’t Say Gay’ controversy raked in more than $100,000 per day in his brief stint in Hollywood. The executive, Geoff Morrell, who was hired as Disney’s chief corporate affairs officer in January 2021, lasted only three months at the…
Disney Executive Who Left After ‘Don’t Say Gay’ Controversy Made $119,505 per Day
January 20, 2023
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Wall Street Opens Mixed and Is Headed for a Losing Week
January 20, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUS
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NEW YORK—Stocks are off to a mixed start on Wall Street, keeping the market on track for a losing week after rallying for the first two weeks of the year. The S&P 500 was just barely higher in the early going Friday, and the tech-heavy Nasdaq composite was up 0.4 percent. The Dow slipped 0.1…
Maine Joins 28 US States Banning TikTok From Government Devices
January 20, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketsChinaCompaniesFeatured TopicsInfiltrating the WestMaineMedia & Big TechNational SecuritySpecial TopicstechnologyTikTokUSUS NewsUS-China relations
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Maine has become the latest state to ban TikTok from state-owned devices that connect to the government network. The video-sharing app is owned and operated by ByteDance, which is a Chinese company that moved its headquarters to Singapore in 2020. More than 28 U.S. states and the federal government have banned the popular app from state-owned devices….
Experts Criticize Flavored Cannabis Marketing Targeting Teens, Young Adults
January 20, 2023
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Experts and public health advocates are voicing concerns about the rise in flavored cannabis products that appear to be marketed toward teenagers and young adults. The concerns come as New York, which legalized recreational marijuana—also known as cannabis—in March 2021, has opened more legal outlets for the recreational use of the psychoactive drug in recent months. Its first legal…
T-mobile Says Data on 37 Million Customers Stolen
BOSTON—The U.S. wireless carrier T-Mobile said Thursday that an unidentified malicious intruder breached its network in late November and stole data on 37 million customers, including addresses, phone numbers, and dates of birth. T-Mobile said in a filing with the U.S. Securities and Exchange Commission that the breach was discovered on Jan. 5. It said…
Cryptocurrency Lender Genesis Files for Bankruptcy Months After FTX Collapse
Cryptocurrency lender Genesis Global filed for bankruptcy on Jan. 19, making it the latest company to do so following the collapse of FTX in November. The lender announced it had filed for Chapter 11 bankruptcy protection in a press release, stating that the move was part of “strategic actions to achieve a global resolution to maximize value…
Solar Ambition ‘Not That Easy’: Mining Giant CEO
Rio Tinto’s criticism of Australia’s solar power ambition could be answered by using old and new systems to go green. The mining giant’s CEO Jakob Stausholm told business heavyweights at the World Economic Forum summit in Davos “we’re fooling ourselves” on the timeline to switch to clean energy. Using huge solar farms to run Queensland’s…
World Markets Rise After Recession Fears Pull Wall Street Lower
January 20, 2023
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BEIJING—Shares were higher in Europe and Asia on Friday after Wall Street declined on worries that the U.S. economy is headed for recession. U.S. futures were little changed while oil prices advanced. Traders worry the Federal Reserve and central banks in Europe and Asia that have raised interest rates to cool economic activity and inflation…
P&G Sees Shoppers Reduce Purchases Amid Price Hikes
NEW YORK—Procter & Gamble Co., the maker of such iconic household products as Crest toothpaste, Tide detergent and Charmin toilet paper, is seeing shoppers cut back some of their purchases as they push back on price hikes. The company said Thursday that sales slipped 1 percent in the latest quarter ended Dec. 31, the first…
Meta’s WhatsApp Fined 5.5 Million Euro by Lead EU Privacy Regulator
DUBLIN—Meta’s WhatsApp subsidiary was fined 5.5 million euros ($5.95 million) on Thursday by Ireland’s Data Privacy Commissioner (DPC), its lead EU privacy regulator, for an additional breach of the bloc’s privacy laws. The DPC also told WhatsApp to reassess how it uses personal data for service improvements following a similar order it issued this month…
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