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don-lichterman · 2 years

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Justice Department Is Investigating PGA Tour Over Potential Antitrust Violations in LIV Golf Battle

The Department of Justice is investigating whether the PGA Tour engaged in anticompetitive behavior as it battles the upstart, Saudi-backed LIV Golf circuit, the PGA Tour confirmed to The Wall Street Journal. Players’ agents have received inquiries from the DOJ’s antitrust division involving both the PGA Tour’s bylaws governing players’ participation in other golf events, and the PGA Tour’s…

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sidnazpro2020 · 3 years

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Carl Icahn Holds a Roughly $400 Million Stake in Allstate | Sidnaz Blog

Activist investor Carl Icahn is backing Allstate’s efforts to cut costs and sell more products directly to consumers. Photo: Victor J. Blue/Bloomberg News Carl Icahn holds a roughly $400 million stake in Allstate Corp. ALL 1.09% and supports the insurer’s moves to cut costs and sell more products directly to consumers, according to people familiar with the matter. (More to come) Copyright…

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nouhamiri · 2 years

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A Peloton Bike and Subscription for One Monthly Fee? Company to Test New Price Plans

Interactive Platoon Co. PTON -5.33% ‘s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a bid to turn around the company. The company on Friday will start testing a new pricing system in which customers pay a single monthly fee that covers both the namesake stationary bike and a monthly subscription to workout courses. If a customer cancels, Peloton would…

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worldservicedirectory · 2 years

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US Expected to Ban Russian Flights From American Airspace

The US government is expected to ban Russian aircraft from American airspace, broadening aviation restrictions as the West expands sanctions over the war in Ukraine, according to people familiar with the matter. President Biden is expected to announce prohibition in Tuesday’s State of the Union address, a White House official said after The Wall Street Journal reported that an order barring…

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doonitedin · 3 years

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WSJ News Exclusive | China Stymies Once-United U.N. Panel on North Korea Sanctions

A United Nations panel of experts tasked with monitoring international sanctions on North Korea has fallen into dysfunction, people familiar with the matter said, as China seeks to help its ally and feuds with the U.S. The eight-member panel’s forthcoming report finds that Pyongyang continues to use shell companies, mask the identities of ships and engage in other tactics cited in previous…

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freenewstoday · 3 years

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New Post has been published on https://freenews.today/2021/03/19/wsj-news-exclusive-china-to-restrict-tesla-usage-by-military-and-state-personnel/

WSJ News Exclusive | China to Restrict Tesla Usage by Military and State Personnel

SINGAPORE—China’s government is restricting the use of

Tesla Inc.’s

TSLA -6.93%

vehicles by personnel at military, state-owned enterprises in sensitive industries and key agencies, citing concerns that the American electric-vehicle maker’s cars could be a source of national security leaks, according to people familiar with the effort.

The move follows a government security review of Tesla’s vehicles, which Chinese officials said found that the cars’ sensors could record visual images of surrounding locations, the people said. Also, the Chinese government said Tesla—through the vehicles—could obtain various data such as when, how and where the cars are being used, as well as personal information of the drivers and the contact list of mobile phones that are synced to the cars, the people said. The government is concerned that some data could be sent back to the U.S., the people said.

The government has informed some of its agencies to ask their employees to stop driving Tesla cars to work, they said. Some of the people said Tesla cars were also banned from driving into housing compounds for families of personnel working in sensitive industries and state agencies. They were told by their agencies that among the government’s concerns is that Tesla vehicles can be constantly in record mode, using cameras and other sensors to log various details, including short videos.

China’s State Council Information Office didn’t immediately respond to a request for comment.

Chinese regulators are taking a close look at Tesla operations after recent videos on social media appear to show a Model 3 battery fire and malfunctioning vehicles. WSJ explains how possible quality issues with Tesla cars could threaten the EV-maker’s meteoric rise. Correction: Tesla’s revenue in China was $6.66 billion in 2020, according to the company’s SEC filing. An earlier version of this video incorrectly stated that the figure was $66 billion. Photo Illustration: Michelle Inez Simon

Tesla declined to comment on the government’s move. It referred The Wall Street Journal to a comment it has previously made to Chinese media in response to previous data security concerns. “Tesla’s privacy protection policy complies with Chinese laws and regulations. Tesla attaches great importance to the protection of users’ privacy,” it said. It also said in-car cameras aren’t turned on for all Tesla vehicles in China.

The China market, where Chief Executive

Elon Musk

has been widely feted, has become increasingly important for Tesla. Deliveries in the country last year helped the company achieve roughly 500,000 vehicle deliveries globally, a record. Palo Alto, Calif.-based Tesla, which broke ground on its plant in Shanghai in January 2019, currently manufactures the Model 3 sedan and the Model Y compact sport-utility vehicle at the factory.

Write to Keith Zhai at [email protected]

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techmaqofficial · 4 years

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WSJ News Exclusive | Robinhood Faces SEC Probe for Not Disclosing Deals With High-Speed Traders

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Robinhood Markets Inc. faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients’ orders to high-speed trading firms, people familiar with the matter said.

The investigation is at an advanced stage and the company could have to pay a fine exceeding $10 million if it agrees to settle the Securities and Exchange Commission probe, one of the…

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#crime #general news #kwexclusive #legal action #political #Robinhood Markets #Securities and Exchange Commission #VIRT #Virtu Financial #Vladimir Tenev

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journalonline24 · 4 years

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U.S. Postal Service Is Urged to Stop Delivering Mysterious Seeds State agriculture officials are urging the U.S. Postal Service to stop delivering the mysterious seed packages that have been arriving in mailboxes across the country, mailings that federal officials believe are coming from China.

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enewsedition · 4 years

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WSJ News Exclusive | Jennifer Lopez and Alex Rodriguez List Malibu Beach House for $7.99 Million

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Celebrity couple Jennifer Lopez and Alex Rodriguez are listing their beachfront Malibu, Calif., home for $7.99 million.

The retired Yankees star and Ms. Lopez, an actress and singer, bought the five-bedroom house just last year for $6.6 million from “Entourage” actor Jeremy Piven.

Around that time, Ms. Lopez called the home a “fixer-upper…

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sidnazpro2020 · 3 years

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JPMorgan, Others Plan to Issue Credit Cards to People With No | Sidnaz Blog

Some of the largest U.S. banks plan to start sharing data on customers’ deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow. JPMorgan Chase JPM -0.69% & Co., Wells Fargo WFC -0.17% & Co., U.S. Bancorp USB -0.98% and others will factor in information from applicants’ checking or savings accounts at other…

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#banking #Banking/Credit #Commercial Banking #credit #Financial Services #Integrated Banks #JPM #JPMorgan Chase #kwexclusive #SYND #U.S. Bancorp #USB #Wells Fargo &#WFC #WSJ-PRO-WSJ.com

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nilnews4 · 4 years

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WSJ News Exclusive | U.S. Trade Officials Grant Tariff Relief for Face Masks, Medical Equipment WASHINGTON—The Trump administration has granted exclusions from import tariffs for more than 100 medical items imported from China, including face masks, examination gloves and sanitizing wipes.

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jaggannattsaggvekar · 4 years

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Wirecard Boasted of Hundreds of Partnerships. Some Were Less Than Meets the Eye.

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Before it unraveled in an accounting scandal, Wirecard AG built up an image as a fast-growing financial technology company. It spewed out news releases publicizing partnerships with blue-chip names such as SAP SE, Zurich Insurance Group and SoftBank Group Corp.

The Wall Street Journal found that some of those partnership announcements were misleading or were promoted without the…

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doonitedin · 3 years

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WSJ News Exclusive | Afghan Pilots Who Sought Safety in Uzbekistan Begin U.S. Transfer Under New Agreement

WASHINGTON—A group of Afghan Air Force pilots and their relatives who had fled the Taliban flew out of Uzbekistan this weekend after the U.S. and Uzbek governments reached an agreement on their transfer, people familiar with the matter said. The Uzbek government has been under intense pressure by the Taliban in Afghanistan to hand over the pilots, who flew themselves and relatives to safety in…

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