Tag: Business
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Laboratory operator Quest reports cyber breach affecting patient records
Oct 22 : Quest Diagnostics on Thursday said it learned of unauthorized access to its Quanum LSM system, which some clients use to place test orders, receive and look up results.The breach adds to a growing number of cyberattacks on the healthcare sector, including those on medical device makers Abbott, Stryke
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Meta’s credit risk indicator hits record high on increased AI spending plan
Oct 22 : The cost of insuring Meta Platforms’ debt against default touched an all-time high on Thursday, as investors grappled with concerns about its plan to spend more on its AI build-out. Meta raised the lower end of its annual forecast for capital expenditure to between $135 billion and $145 billion this
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AI safety group METR finds flaws in OpenAI’s internal monitoring system
Oct 22 : AI safety research group METR said on Thursday a pilot exercise to stress-test OpenAI’s internal monitoring system uncovered several new vulnerabilities, including an exploit that AI agents could have used to keep hundreds of their recent actions from being monitored.OpenAI has since said all vuln
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Pepsi renews contract with Taco Bell days after KFC switches to Coke in the U.S.
Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola.
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Cruise lines chase luxury travelers with suites for up to $25,000 a night
CNBC got a tour of the Regent Suite, a top-of-the-line offering on Regent’s Seven Seas Splendor that goes for $15,000 a night.
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Spotify forecasts strong profit as AI features start to pay off, shares surge
Oct 22 : Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, banking on its AI-powered features to drive user growth ahead of the crucial holiday season.Shares of the Swedish music streaming company rose more than 9 per cent in early trading, hitting their highest since January.
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Comcast flags over $1 billion in restructuring charges in fourth quarter
Oct 22 : Comcast on Thursday flagged more than $1 billion in charges for the fourth quarter as it changes its organizational structure, ahead of the planned spinoff of its NBCUniversal business in mid-2027.The company lost more broadband customers than expected in the third quarter as fierce competition chipp
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Meta’s credit risk indicator jumps to record high after results
Oct 22 : The cost of insuring Meta Platforms’ debt against default hit an all-time high on Monday, as investors grappled with concerns about the cost of its expanding AI build-out. Five-year credit default swaps gained 7.3 basis points to a record high of 114.5 bps and were set for its biggest one-day jump si
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Yen jumps as oil, AI and France worries rattle markets
NEW YORK, Oct 22 : The yen was on track for its strongest daily gain in almost a month on Thursday, as investors sought safety amid fragile equity markets, elevated crude prices from the drawn-out war in the Middle East, and doubts over future returns from artificial intelligence.The US dollar, meanwhile, ros
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Young giant manta rays stay close to home while adults roam more widely
Oct 22 : Anyone who has watched a manta ray glide over a reef knows how unhurried these marine animals can look. Yet researchers working off Costa Rica found their movements are varied, with juveniles staying nearby and close to shore while adults venture hundreds of kilometres.Manta rays are among the ocean’
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