Month: August 2024

Bronfman’s proposal could keep Shari Redstone’s role at Paramount.
26
Aug
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By Jean Thompson
Investments and Business

Bronfman’s proposal could keep Shari Redstone’s role at Paramount.

More news - Latest news Edgar Bronfman Jr. has made a major offer to acquire a major stake in Global Paramount, potentially ensuring that Shari Redstone remains a key figure within the organization. A source familiar with the negotiations said Bronfman's offer includes a clause that Redstone, who currently serves as Paramount's non-executive chairman, will continue his involvement with the company. This condition is contingent on his offer being accepted by Paramount's special committee by National Amusements, the major shareholder. Bronfman reportedly secured $6 billion to outbid Skydance Media for control of National Amusements, a company originally founded by Sumner…
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RealPage Faces Justice Department Lawsuit Alleging Rental Collusion
25
Aug
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By Jean Thompson
International

RealPage Faces Justice Department Lawsuit Alleging Rental Collusion

More news - Breaking news On Friday, the U.S. Department of Justice, along with attorneys general from eight states, filed a lawsuit against RealPage, a software company, accusing it of illegally collaborating with landlords to reduce competition and keep rent prices high, affecting millions of tenants. The civil lawsuit, filed in U.S. District Court in North Carolina, alleges that RealPage uses its technology to manipulate and distort market dynamics. “RealPage operates as a digital intermediary that aggregates and misuses critical rental property data,” according to the lawsuit. The lawsuit alleges that the company profits at the expense of tenants, who…
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US Customs Service Seizes Methamphetamine Disguised as Watermelon at San Diego Border
25
Aug
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By Jean Thompson
International

US Customs Service Seizes Methamphetamine Disguised as Watermelon at San Diego Border

More news - Latest news In a stunning interception at the San Diego border crossing, U.S. Customs and Border Protection officers seized a truck carrying methamphetamine disguised as watermelons from Mexico. The discovery was made on August 16 during a full inspection of a semi-truck at the border. U.S. Customs and Border Protection detailed that the illicit drugs, estimated to be worth more than $5 million, were cleverly hidden between real watermelons. During the inspection, officials discovered 1,220 packages carefully wrapped in green and red paper to mimic the appearance of watermelons. The total weight of these packages was 2,080…
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Exploring the effect of recent economic developments on the Federal Reserve’s strategies
25
Aug
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By Jean Thompson
Investments and Business

Exploring the effect of recent economic developments on the Federal Reserve’s strategies

More news - News 24 hours On a crucial Friday, Federal Reserve Chairman Jerome Powell laid out the groundwork for upcoming interest rate cuts, but gave no details on the expected timing or scope of those cuts. In his highly anticipated speech at the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, Powell announced, “It’s time to change our approach.” He explained that while the future course is set, the specifics of the timing and size of rate cuts will depend on new data, future economic projections and risk assessments. Live Update: Chairman Jerome Powell Speaks at Jackson Hole Conference…
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A Million Bet: The Authenticity of Babe Ruth’s “Called Shot” T-Shirt
25
Aug
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By Jean Thompson
International

A $20 Million Bet: The Authenticity of Babe Ruth’s “Called Shot” T-Shirt

More news - Latest news When a Yankees away jersey allegedly worn by Babe Ruth during his iconic "called pitch" in Game 3 of the 1932 World Series surfaced in the 1990s, it quickly became a prized possession for collectors. However, a recent photomatching controversy has cast doubt on its authenticity, potentially impacting its value at an upcoming auction. Experts in the field of photomatching, a technique used to verify the authenticity of memorabilia, are divided over the shirt's origins. While several companies have confirmed that it matches match photos, Resolution Photomatching, a leading company in the field, has issued…
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Smart Meters, Dumb Grids: The Disconnect in Modern Energy Management
25
Aug
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By Jean Thompson
Science and Technology

Smart Meters, Dumb Grids: The Disconnect in Modern Energy Management

More news - Latest news In many homes today, an advanced electric meter diligently records energy use, serving as a gateway to both a sustainable future and reduced energy costs. These devices have the potential to revolutionize the way we consume electricity by providing real-time data to homeowners, utilities, and the myriad of technology companies eager to optimize energy use. However, the promise of these smart meters is undermined by a significant obstacle: the data they collect is not standardized, making it difficult to use effectively. Without a uniform format, the valuable insights that could be gleaned from this data…
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