San Francisco jury found Joe Sullivan, the former head of security at Uber, guilty of hindering investigations and hiding a crime against his business that was committed by third parties. In question are Uber's 2016 cyber attack and the U.S. Federal Trade Commission's subsequent investigation of the event. Attorneys for Mr. Sullivan claim that when an unidentified hacker approached them and...

On Monday, October 3, Vodafone Group revealed that it has started discussing a possible merger with Three UK, a nearby rival. The fourth-largest cellular provider in the United Kingdom is Three UK (9.3 million customers). CK Hutchison Holdings, a Hong Kong multinational, owns the business. In the case of a merger, Vodafone would hold 51% of the new company's share capital, while CK Hutchinson...

A year ago, the number of American tech billionaires was on the rise, stock prices were setting all kinds of records, and venture capital funds were investing heavily in startups. This year, tech giants are losing money. Stock prices have dropped, inflation has increased, and the 400 wealthiest Americans according to Forbes have lost $500 billion in value over the past year. The wealthiest tech...

According to Reuters, which cited a spokesperson for the French trade union General Confederation of Labor, the 119,000 bpd Feyzin refinery in the south of France controlled by the French energy corporation TotalEnergies is expected to be shut down until at least mid-October. The 119,000 bpd Feyzin oil refinery, owned by TotalEnergies, is expected to be shut down until at least mid-October,...

In response to issues with automatically closing windows, American electric vehicle manufacturer Tesla will recall 1.096 million vehicles built between 2017 and 2022, according to a statement from the U.S. National Highway Traffic Safety Administration (NHTSA). A select group of Model 3, Model Y, Model S, and Model X vehicles manufactured from 2017 to 2022 are subject to a recall. In the press...

Net profit for Inditex Group increased to €2.4 billion in the first half of the fiscal year. In the first half of the fiscal year (February 1 - July 31), the net profit of the Spanish Inditex Group, one of the largest clothing and footwear retailers in the world, increased by 44% to €2.431 billion. In the reporting period, the company's revenues increased by 24 percent to €14.845 billion. In...

Inflation resulted in a drop in customer demand, and as a result, Swedish Electrolux has chosen to initiate a cost-cutting campaign, according to the company's press release. "Due to the impact of high inflation on purchases of consumer durables and low consumer confidence, it is predicted that market demand for major appliances in Europe and the United States decreased substantially more quickly...

The Italian energy company's press service reports that Eni plans to acquire BP's operations in Algeria. According to the press release, "Eni announces that it has agreed to acquire BP's business in Algeria, which includes two gas production concessions, In Amenas and In Salah (direct shareholdings of 45.89% and 33.15%, respectively)". Eni has been operating in Algeria since 1981. Production by...

The luxury automobile maker Porsche will be listed on the stock exchange within the next month, the Volkswagen Group stated. Porsche shares should float on the Frankfurt Stock Exchange in late September or early October. Porsche's initial public offering will be among the most expensive in recent memory. Analysts expect that the corporation will be worth roughly €85 billion. In preparation for...