Hewlett-Packard boss says pursuing Mike Lynch’s grieving family for $4 billion was a ‘difficult decision’ done in ‘the best interests of shareholders’
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Hewlett-Packard CEO Antonio Neri expressed regret for Lynch's death while doubling down on his company's legal battle.
https://fortune.com/europe/2024/09/13/hewlett-packard-chief-mike-lynch-grieving-family-lawsuit/
FirstEnergy ordered to pay $100 million for its role in scheme to bribe state officials
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Energy company at the center of a $60 million bribery scheme in Ohio has been ordered to pay a $100 million civil penalty.
https://fortune.com/2024/09/13/firstenergy-100-million-penalty-bribe-state-officials/
Not every company is struggling in China: Brands like Sam’s Club and Lululemon win over more ‘rational’ consumers
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While most brands struggle with sluggish demand, a select few consumer companies are delivering gains last seen during China's boom times.
6-in-10 Americans say they need to limit their political news to avoid feeling fatigued
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While about half of Americans say they are following political news “extremely” or “very” closely, about 6 in 10 say they need to limit how much information they consume
https://fortune.com/2024/09/13/americans-need-limit-political-news-avoid-feeling-fatigued/
Tires on Alaska Airlines jet taking off in Nashville go flat after pilot slams on brakes to avoid crashing with Southwest plane
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A series of close calls, or “runway incursions,” in the last two years raised concern about the safety of U.S. air travel.
Denmark’s DSV wins biggest bid to date—acquires Deutsche Bahn unit for €14.3 billion
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The combined companies will have 147,000 employees in more than 90 countries and generate revenue of €39.3 billion.
https://fortune.com/europe/2024/09/13/denmark-dsv-germany-deutsche-bahn-14-3-billion-acquisition/
Home prices almost never go down
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There are only two eras in recent history when home prices declined in America.
Bike-loving Dutch grapple with illegal electric ‘fatbike’ craze gripping the Netherlands
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Some 17,500 fatbikes imported from China have been held by Dutch authorities over concerns about speed manipulation and safety risks.
https://fortune.com/europe/2024/09/13/dutch-illegal-electric-fatbike-craze-netherlands/
NYC bills propose sign marking Wall Street as first slave market, along with reparations study
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One of the proposals would also require that the city install an informational sign on Wall Street in Manhattan to mark the site of New York’s first slave market, which operated between 1711 and 1762.
https://fortune.com/2024/09/12/nyc-bills-wall-street-first-slave-market-reparations/
Entire Annapurna video game team resigns over dispute with owner
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The exodus has led to chaos as game developers partnered with Annapurna try to figure out what this means for their upcoming projects.
https://fortune.com/2024/09/12/entire-annapurna-video-game-team-resigns-dispute-with-owner/
Ig Nobel Prize goes to scientists who discovered butt-breathing mammals
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The Ig Nobel Prize, unlike Nobel Prizes, honors "surprising" discoveries that "make people laugh."
https://fortune.com/2024/09/12/ig-nobel-prize-winners-2024-funny-science-butt-breathing-mamals/
OpenAI releases o1 model with human-like reasoning
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OpenAI's new model, called o1, but known internally as “Strawberry,” comes as the company seeks billions in new funding.
https://fortune.com/2024/09/12/openai-new-ai-model-strawberry-o1-chatgpt/
Who is Jared Isaacman, the first billionaire spacewalker?
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The 41-year-old entrepreneur is also an experienced pilot.
Commerzbank gears up for potential UniCredit takeover bid
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Goldman Sachs Group Inc. is acting as Commerzbank’s defense adviser.
https://fortune.com/2024/09/11/commerzbank-potential-unicredit-takeover-bid-goldman-sachs-group/
How did a Missouri resident get bird flu without exposure to animals? Officials say it’s a rare ‘one-off’
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The public risk is still low, according to officials.
https://fortune.com/well/2024/09/12/bird-flu-missouri-resident-rare-one-off/
Verizon to eliminate almost 5,000 employees in nearly $2 billion cost-cutting move
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Over half of the employees concerned will exit in September and the rest by the end of March, according to the statement.
https://fortune.com/2024/09/12/verizon-eliminate-5000-employees-2-billion-cost-cutting/
Compare mortgage rates today
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Keeping an eye on mortgage rates as you plan to buy your first home, upgrade or downgrade the size of your house, or refinance? Here are the current average mortgage rates—as well as everything you need to know about how mortgages work.
https://fortune.com/recommends/mortgages/current-mortgage-rates/
Wellness leader Deepak Chopra launched an AI digital twin that gives his advice on everything ‘from sex to spirituality’
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“I'm most excited about the possibility of reaching a critical mass," Chopra says.
https://fortune.com/well/2024/09/12/deepak-chopra-ai-digital-twin-sex-spirituality/
Who is Jared Isaacman, the first billionaire spacewalker?
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The 41-year-old entrepreneur is also an experienced pilot.
Warren Buffett’s insurance guru Ajit Jain just sold more than half of his Berkshire stake
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The famed deputy could be readying himself for tax rates to rise.