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Meta faces legal action from French media firms
A coalition of 67 French media companies, including TF1, France TV, and BFM TV, has filed a lawsuit against Meta in Paris, alleging that the tech giant’s dominance in digital advertising stems from illegal practices including the mass collection and use of personal data for targeted ads. The legal action, backed by 200 publications and…
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Rome conference trip canceled by Tesla exec amid security concerns
A senior Tesla executive has canceled her attendance at a conference in Rome over fears of protests surrounding the carmaker. Tesla cars, infrastructure and offices have recently become targets of vandalism in several countries, including Italy, in response to CEO Elon Musk’s right-wing activism. “Given the recent protests and violence against Tesla, and now in…
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Boeing seek to set new values following ‘brutal’ employee feedback
Boeing employees have significant distrust in their senior leadership, according to an internal survey shared by CEO Kelly Ortberg. Only 27% of participants said they would recommend Boeing as a workplace, and the survey, with an 82% participation rate, showed a decline in company pride, dropping from 91% in 2013 to 67% this year. Employees…
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JPMorgan strengthens activism defense team
JPMorgan Chase is significantly expanding its global shareholder engagement and M&A capital markets group by hiring Duncan Herrington and Lyndon Park as managing directors. This move comes as corporations face mounting pressure from activist investors demanding changes. The expansion marks the largest growth of the team in a decade, reflecting the increasing importance of activism…
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Microsoft faces employee backlash over Gaza
Microsoft is facing significant unrest among its employees due to its involvement in Israel’s military operations in Gaza. Protests erupted during a recent anniversary event, with employees expressing their discontent over the company’s AI and cloud services being used in the conflict. Mustafa Suleyman, an AI executive, was interrupted by protesting employees, leading to their…
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Banks rethink data sharing after breach
Following a significant email breach, JPMorgan, BNY Mellon, and Bank of America are reassessing their data transmission methods to the Office of the Comptroller of the Currency (OCC). The breach, described as a “major incident” by the OCC and U.S. Treasury, allowed hackers access to over 100 accounts within the OCC’s email system, potentially compromising…
