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These Stocks Are Moving the Most Today: Apple, Intel, Cal-Maine Foods, A10 Networks, and More
These Stocks Are Moving the Most Today: Apple, Intel, Cal-Maine Foods, A10 Networks, and More
Apple shares are downgraded at KeyBanc, Intel plans a spinoff of its programmable solutions business, and sales slump at Cal-Maine Foods as egg prices tumble.
2023-10-04 12:37
Elon Musk’s X ordered to pay over $1m in legal fees for laid off Twitter execs
Elon Musk’s X ordered to pay over $1m in legal fees for laid off Twitter execs
Elon Musk’s X has been ordered by a judge to pay $1.1m in legal fees to its laid off former executives. Since Mr Musk’s takeover of X, the company formerly known as Twitter, the multibillionaire and X have faced a number of lawsuits. These include suits over the firm’s failure to pay its vendors and delays in paying rent for its office premises, as well as former employees suing Twitter alleging they were laid off without adequate notice. On Tuesday, Delaware Chancery Court judge Kathaleen St J McCormick ruled in favour of the company’s ex-chief Parag Agrawal and said X must pay $1.1m in legal fees linked with probes of the platform during Mr Musk’s 2022 takeover, Bloomberg first reported. After buying out the microblogging platform in November last year, the Tesla titan fired Mr Agrawal and Twitter’s then-lead policy officer Vijaya Gadde as well as a number of other executives. Mr Agrawal and Ms Gadde then sued Twitter/X for failing to pay for their legal bills, including for the latter’s appearance before the House Committee on Oversight and Reform. The lawsuit filing alleged the company paid only about $600,000 of what it owes, withholding $1.1m in fees for its lawyers’ work representing the former executives in an inquiry on the role played by social media on US elections. The filing alleged Twitter/X “breached the agreements and contravened the bylaws” by not paying the former staff. The latest ruling by the Delaware court judge observed that X “violated its duties to cover legal expenses generated by their work for the company”. While acknowledging that $1.1m is a lot of money, the judge still ruled in favour of the former Twitter executives. “I have reviewed the amount in question, and although it is high and probably higher than most humans would like to pay, it’s not unreasonable,” judge McCormick was quoted as saying by Bloomberg. X did not immediately respond to The Independent’s request for comment. The company is also being sued over its rebrand to X by an ad agency also named X, alleging the social media platform’s new name violates Florida common law because of “unfair competition and trademark and service mark infringement”. Read More Elon Musk’s mockery of Ukraine president Volodymyr Zelensky ‘unhelpful’ Elon Musk’s X Corp sued by another social network company named X ‘Reckless’ Elon Musk hit with $1m lawsuit for accusing student of being in Proud Boys ‘false flag’ attack Elon Musk’s X Corp sued by another social network company named X Elon Musk to live stream himself gaming on X in ‘everything app’ bid Musk confirms he is cutting election integrity staff from X/Twitter ahead of 2024
2023-10-04 12:31
US SEC asks judge to deny Coinbase motion to dismiss its lawsuit
US SEC asks judge to deny Coinbase motion to dismiss its lawsuit
By Hannah Lang and Chris Prentice The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal
2023-10-04 07:59
Federal appeals court extends limits on Biden administration communications with social media companies to top US cybersecurity agency
Federal appeals court extends limits on Biden administration communications with social media companies to top US cybersecurity agency
A federal appeals court has expanded the scope of a ruling that limits the Biden administration's communications with social media companies, saying it now also applies to a top US cybersecurity agency.
2023-10-04 06:29
California Water Reservoirs Are Still Brimming as El Niño Looms
California Water Reservoirs Are Still Brimming as El Niño Looms
California’s reservoirs are still brimming from last winter’s heavy rains and snow, even as El Niño raises the
2023-10-04 04:42
Intel to spin out programmable chip unit, hold IPO in coming year
Intel to spin out programmable chip unit, hold IPO in coming year
By Stephen Nellis and Samrhitha A (Reuters) -Chipmaker Intel said on Tuesday it plans to operate its programmable chip unit
2023-10-04 04:28
Meta considers paid subscription in EU for users to bypass targeted ads
Meta considers paid subscription in EU for users to bypass targeted ads
Instagram and Facebook users in the European Union may soon be able to opt out of targeted ads if they pay for a monthly subscription.
2023-10-04 04:28
Avangrid to Take $16 Million Charge to Cancel Offshore Wind Deal
Avangrid to Take $16 Million Charge to Cancel Offshore Wind Deal
Avangrid Inc. agreed to pay $16 million to exit contracts for a New England offshore wind farm that
2023-10-04 03:03
Exclusive-Meta to lay off employees in metaverse silicon unit on Wednesday
Exclusive-Meta to lay off employees in metaverse silicon unit on Wednesday
NEW YORK Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality
2023-10-04 01:55
US senators examine TikTok hiring of ByteDance executives
US senators examine TikTok hiring of ByteDance executives
By David Shepardson WASHINGTON Two U.S. senators said they were investigating short video sharing app TikTok's reported decision
2023-10-04 00:59
Elon Musk must face fraud lawsuit for disclosing Twitter stake late
Elon Musk must face fraud lawsuit for disclosing Twitter stake late
By Jonathan Stempel NEW YORK Elon Musk was ordered by a U.S. judge to face most of a
2023-10-03 23:54
Expert explains exactly which foods make the worst smelling farts
Expert explains exactly which foods make the worst smelling farts
It’s no secret that different foods have an impact on the pungency of farts, but which foods make them smell the worst? Gas, scientifically known as flatus, is a normal part of everyday life for healthy human beings, but it is not all made equal. According to Dr Ali Rezaie, a gastroenterologist at Cedars Sinai in Los Angeles, particularly stinky farts occur when carbohydrates, especially those that are insoluble, reach the stomach and upper intestinal tract before being absorbed. This is because bacteria that live in our colon flourish on such unabsorbed sugars, with Rezaie describing them as “like high-octane fuel for them”. When these bacteria feast on and digest these carbs in the colon, they in turn produce gas that turns into farts. Although we produce about 30 to 91 cubic inches (500 to 1,500 millilitres) of flatus per day, regardless of our diet, thankfully 99 per cent of these gases are odourless. The sometimes potent smelling farts are down to gasses including hydrogen sulfide. But, one expert explained that simply eating foods with these compounds won’t necessarily determine how bad a person's wind is. Dr. Eric Goldstein, a gastroenterologist at Mount Sinai Medical Center in New York City, said: “You can eat a ton of sulfur-containing compounds and have bacteria present that are making hydrogen sulfide... [but] your flatulence will not smell like hydrogen sulfide”. This is because there may be other bacteria present that counterbalance the hydrogen sulfide-producing ones. But, if consuming sulfur-rich foods such as lentils, beans and peas, and brassica vegetables like broccoli and cabbage, does make your gas stinky, it could actually be down to their insoluble carbs that bacteria are converting to smelling gas, rather than their sulfur content. It's not the first time farting has made headlines this year. This summer, farting during a pivotal moment of the film Oppenheimer became somewhat of a bizarre internet trend. Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-10-03 22:53
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