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All articles tagged with #business and technology

Federal Suit Alleges McDonald’s AI Pricing Tool Violates Antitrust Laws
business-and-technology2 days ago

Federal Suit Alleges McDonald’s AI Pricing Tool Violates Antitrust Laws

A federal lawsuit filed in Chicago alleges that McDonald’s use of an AI-enhanced pricing tool violates antitrust laws by coordinating prices across independent franchises. The company denies the claims, stating that the tool provides optional recommendations and that franchisees retain final authority over menu pricing. The suit seeks class-action certification and damages, highlighting concerns over algorithmic price-fixing in the fast-food industry.

via The Guardian|
#ai-pricing#antitrust#business-and-technology
Federal Suit Challenges McDonald's AI Pricing Tool as Antitrust Violation
business-and-technology3 days ago

Federal Suit Challenges McDonald's AI Pricing Tool as Antitrust Violation

A proposed class-action lawsuit filed in federal court in Chicago alleges that McDonald's violates U.S. antitrust laws by using an AI-driven pricing tool to coordinate menu prices across its U.S. franchise network. The plaintiffs argue that the system, which analyzes nonpublic transaction data from approximately 14,000 locations, reduces competition among independently owned restaurants. McDonald's denies these claims, stating that the tool only provides recommendations and that franchisees retain final authority over pricing decisions.

via Yahoo Finance|
#antitrust-law#artificial-intelligence#business-and-technology
Walmart Expands Digital Shelf Label Tools Amid Pricing Controversy
business-and-technology8 days ago

Walmart Expands Digital Shelf Label Tools Amid Pricing Controversy

Walmart is rolling out new AI-driven features for its digital shelf labels, including 'Shop to Light' for customers and 'Pick to Light' for staff, to improve product finding and efficiency. While the company emphasizes human oversight and convenience, critics and some investors remain concerned about potential dynamic pricing and data privacy issues, prompting CEO John Furner to publicly reassure shoppers that prices are not personalized.

via CNBC|
#ai-retail#business-and-technology#consumer-privacy
FAA Certification Freeze on 737 Max 10 Triggers 6% Boeing Stock Plunge
business-and-technology10 days ago

FAA Certification Freeze on 737 Max 10 Triggers 6% Boeing Stock Plunge

The Federal Aviation Administration has suspended certification of the Boeing 737 Max 10, causing Boeing shares to drop 6%. The halt stems from a software defect that could disable automated landing guidance during go-arounds. Approximately 31% of undelivered orders are now at risk, with major airlines like Southwest and United refusing new deliveries until a permanent fix is implemented.

via Yahoo Finance|
#737-max-10#aviation-safety#boeing
Apple Faces $5.7B Haptics Verdict; Burford Capital Sees $1.4B Gain
business-and-technology11 days ago

Apple Faces $5.7B Haptics Verdict; Burford Capital Sees $1.4B Gain

A US federal jury in San Diego has ordered Apple to pay $5.7 billion in damages to Taction Technology for infringing two patents related to haptic feedback systems. The verdict, delivered on September 25, 2026, concerns Apple’s Taptic Engine used in iPhones and Apple Watches. Litigation funder Burford Capital, which backed the case, reported a 9% share price jump and expects to recover up to $1.4 billion, though it warned that Apple’s appeal could reduce or eliminate this return. Apple has vowed to appeal, stating its technology is fundamentally different from Taction’s.

via Financial Times|
#apple-inc#burford-capital#business-and-technology
Oracle's Force Majeure Notice on Project Jupiter Sparks Market Jitters Despite Reaffirmed Fuel Cell Deal
business-and-technology14 days ago

Oracle's Force Majeure Notice on Project Jupiter Sparks Market Jitters Despite Reaffirmed Fuel Cell Deal

Oracle shares fell over 3% after sending a 'force majeure' notice to Blue Owl Capital regarding its New Mexico data center, Project Jupiter. The move aims to delay payments if the facility does not come online by 2028. Despite the setback, Oracle reaffirms its commitment to the project and its 2.4 GW fuel cell deal with Bloom Energy, which also saw shares drop 3%.

via finance.yahoo.com|
#bloom-energy#blue-owl-capital#business-and-technology
Disney+ and Hulu Hike Prices for Fourth Consecutive Year, Pushing Ad-Free Tiers to $21.49
business-and-technology16 days ago

Disney+ and Hulu Hike Prices for Fourth Consecutive Year, Pushing Ad-Free Tiers to $21.49

The Walt Disney Company has announced its fourth consecutive annual price increase for Disney+ and Hulu, effective September 23, 2026. Standalone ad-free plans for both services will rise by 13% to $21.49 per month, while ad-supported tiers increase by 50 cents to $12.49. The ad-free bundle for both services will cost $21.99, up from $19.99, while the ad-supported bundle remains unchanged at $12.99. These hikes follow recent increases for ESPN streaming services and aim to steer consumers toward bundled subscriptions to reduce churn.

via Variety|
#bundles#business-and-technology#disney
"Salesforce in Negotiations to Acquire Informatica, According to Wall Street Journal"
business-and-technology2 years ago

"Salesforce in Negotiations to Acquire Informatica, According to Wall Street Journal"

Salesforce is reportedly in advanced discussions to acquire Informatica, a cloud data management company based in Redwood City, California, with a market value of about $11.4 billion. Informatica's shares have risen 36% this year to $38.48, and the company projected a 6% increase in fiscal-year revenue to $1.7 billion.

via Bloomberg|
#acquisition#business-and-technology#cloud-data-management
LiveRamp Acquires Habu for $200 Million to Boost Data Collaboration
business-and-technology2 years ago

LiveRamp Acquires Habu for $200 Million to Boost Data Collaboration

LiveRamp Holdings has announced its acquisition of marketing data startup Habu for $200 million in cash and stock, aiming to enhance data sharing capabilities for its clients such as Walmart, PepsiCo, and DISH Media. The deal will allow LiveRamp to integrate Habu's "clean room" technology into its services, providing more value to customers. The acquisition is expected to be completed in the March quarter, with Habu projected to deliver approximately $18 million in revenue in fiscal year 2025.

via Reuters|
#acquisition#business-and-technology#data-platform
"Synopsys Announces $35 Billion Acquisition of Ansys"
business-and-technology2 years ago

"Synopsys Announces $35 Billion Acquisition of Ansys"

Synopsys has announced its acquisition of Ansys, an engineering and product design software firm, in a $35 billion cash-and-stock deal, with Ansys shareholders set to own 16.5% of Synopsys following the merger. The deal, expected to close in the first half of 2025 pending regulatory and shareholder approval, will be partially funded by $16 billion of debt financing and is not expected to be immediately accretive until at least a year after the deal closes. Synopsys shares were up slightly in pre-market trading, while Ansys shares slipped 4% Tuesday morning but were up more than 14% since December.

via CNBC|
#acquisition#ansys#business-and-technology
business-and-technology2 years ago

Navigating the Storm: Google's Privacy Sandbox and the Future of Ad Tech

At CES, the digital media sector anticipates a surge in mergers and acquisitions in 2024 following a quiet 2023, with stabilizing interest rates and PE interest driving this trend. The decline of third-party cookies is expected to further drive M&A activity, particularly in the ad tech supply chain. Additionally, a collaboration between Omnicom and Google aims to leverage generative AI to optimize YouTube influencer performance, while other CES highlights include L'Oréal's new hair dryer and Amazon's generative AI-powered voice assistant for BMW cars.

via Digiday|
#business-and-technology#ces#digital-media
"Hewlett Packard Enterprise's $14 Billion Acquisition of Juniper Networks and the Future of M&A"
business-and-technology2 years ago

"Hewlett Packard Enterprise's $14 Billion Acquisition of Juniper Networks and the Future of M&A"

Hewlett Packard Enterprise (HPE) is set to acquire Juniper Networks for $14 billion in an all-cash deal, aiming to enhance its artificial intelligence (AI) offerings and double its networking business. The acquisition is expected to help HPE tap into Juniper's network security and AI-enabled enterprise networking operations, while also addressing HPE's sluggish demand in its traditional server business. The deal, subject to regulatory approvals, is anticipated to close in late 2024 or early 2025 and is likely to be funded through financing commitments for $14 billion in term loans.

via Reuters|
#acquisition#artificial-intelligence#business-and-technology
Elon Musk's Alleged Drug Use Raises Alarm Among Tesla, SpaceX Executives
business-and-technology2 years ago

Elon Musk's Alleged Drug Use Raises Alarm Among Tesla, SpaceX Executives

Executives and board members at Tesla and SpaceX have expressed concerns over CEO Elon Musk's alleged drug use, including substances like LSD, cocaine, ecstasy, and ketamine, according to a Wall Street Journal report. Musk, who has a prescription for ketamine as an antidepressant, has been subjected to random drug testing at SpaceX and claims to have never failed a test. His drug use came under scrutiny after smoking marijuana on Joe Rogan's podcast, leading to a Pentagon review of his federal security clearance. Despite these concerns, SpaceX continues to secure significant contracts with NASA and the Pentagon, and Musk remains at the helm of multiple influential companies.

via Fortune|
##business-and-technology#corporategovernance
"Registrations Decline as Squarespace Acquires Google Domains"
business-and-technology2 years ago

"Registrations Decline as Squarespace Acquires Google Domains"

Google's sale of its domain registrar business to Squarespace has led to a significant drop in new domain registrations. Following the transition in September 2023, new .com domain registrations fell by about 25% in a month, from over 250,000 to just under 190,000. Competitors like WordPress have been courting Google's former customers with offers such as free transfer and a year of service. The long-term impact of this shift is yet to be fully understood as more recent data is not available.

via 9to5Google|
##business-and-technology#domainregistration