Category Archives: (Fargo | KFGO | kfgo.com) World News
Alibaba shares set to slide 8% after it shelves cloud unit spin-off
HONG KONG (Reuters) - The Hong Kong-listed shares of Alibaba Group were set to fall 7.8% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties over U.S. restrictions o...
Nov 16, 2023
Samsung boss Jay Y Lee faces final hearing over alleged fraud, stock manipulation
SEOUL (Reuters) - Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of t...
Nov 16, 2023
Amazon aggregator Thrasio prepares for bankruptcy – WSJ
(Reuters) - Thrasio Holdings, which acquires third-party sellers on Amazon, is preparing to file for bankruptcy as it grapples with a post-pandemic slump in online spending, the Wall Street Journal re...
Nov 16, 2023
Meta launches AI-based video editing tools
(Reuters) - Meta Platforms on Thursday launched two new AI-based features for video editing that could be used for posting to Instagram or Facebook. The first is called Emu Video and it generates four...
Nov 16, 2023
North American grid regulator tests physical, cyber security preparedness
(Reuters) - The North American Electric Reliability Corp (NERC) said on Thursday it has concluded a two-day simulation with power sector entities to stress-test their emergency response and recovery p...
Nov 16, 2023
Auction services firm Copart tops Q1 estimates
(Reuters) - Online vehicle auction services provider Copart beat market expectations for first-quarter revenue and profit on Thursday, helped by higher revenue from its services business. The Texas-ba...
Nov 16, 2023
Factbox-What’s next in Google’s court battle with the US Justice Department?
(Reuters) - The U.S. Justice Department and Alphabet's Google on Thursday wrapped up the evidentiary phase of their legal fight over whether Google broke the law to maintain its dominance of search an...
Nov 16, 2023
IBM suspends ads on X after corporate ads appeared next to pro-Nazi content
(Reuters) - IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. T...
Nov 16, 2023
Bitcoin falls 4.94% to $36,007
(Reuters) - Bitcoin dropped 4.94% to $36,007 at 2117 GMT on Thursday, losing $1,870 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 5.2% from the year's hi...
Nov 16, 2023
US SEC presses judge to force Elon Musk to testify in Twitter probe
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Thursday urged a federal judge to force billionaire Elon Musk to testify for its investigation into his $44 billion takeover of...
Nov 16, 2023
