Attempts by the U.S. government to split Facebook Inc. from WhatsApp and Instagram will violate existing legislation, worth billions and harm users, states a paper by the company's lawyers composed to prepare for rising legal risks. The paper, read by WSJ, announces protection measures to which the company may resort. At that, the US watchdogs and Congress members keep examining former activities...

The second largest cinema chain in the world is on the verge of collapse and intends to shut down of its theaters in the UK, Ireland and the United States next week. This is reported by The Sunday Times with reference to its own sources in the company. The reason for this decision is the delay of the premiere of the films "No Time to Die" and "F9" by the Universal studio until 2021. Movie theater...

US Playboy Enterprises Inc, the publisher of the magazine of the same name, will cease to be a private company and will again bring its shares to the open market. Playboy will go public after the merger with Mountain Crest Acquisition Corp. as part of the deal, according to which it was estimated at $ 415 million, reports The Wall Street Journal. Mountain Crest is a special purpose acquisition...

Westminster Magistrates' Court ruled on the possibility of returning the online taxi service Uber a license to operate in London. The court concluded that the service is now working properly in order to be licensed, despite shortcomings in the past. In November last year, the London Transport watchdog (TfL) refused to renew Uber’s license in London due to “a number of omissions that threaten...

Two US shale oil producers - Devon Energy and WPX Energy - have announced a merger. Devon will pay $ 2.5 billion for WPX, and the combined company's total value, according to the announcement, will be about $ 12 billion, although the market value of both companies is about $ 6 billion. In any case, this is one of the largest mergers in the American shale industry. The entire amount will be paid...

American Harley-Davidson has announced its exit from the Indian market, the world's largest motorcycle market. This is stated in the materials that the company sent to the US Securities and Exchange Commission (SEC). The company is discontinuing sales and manufacturing operations as part of additional restructuring measures that were reported to employees on September 24. As a result, about 70...

More than a dozen tech companies, including Epic Games, Spotify, Match Group (which owns Tinder and other dating services), and Blockchain.com, have founded the Coalition for App Fairness. Its main goal is to fight Apple and its rules. Members of the coalition, most of whom are already suing Apple for one reason or another, have put forward three main complaints against the American corporation....

American corporation Mars announced a change in the name of its brand Uncle Ben's. Now it will be called Ben's Original, and the image of "Uncle Ben", which was part of the logo, will also be removed from the packaging. This is due to the racist connotations of such a name, as well as the logo of the brand, under which rice and sauces have been produced since 1943. “We are aware of the...

Former McDonald's CEO Steve Easterbrook believes that the company has no right to seek the return of severance pay, since he has complied with all the terms of the agreement signed upon leaving. This was stated by one of his lawyers. According to him, this agreement contained many conditions, including refusal to work for competitors in the next two years, a ban on public criticism of the...