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May 24, 2024
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the usjustice department is suing entertainment giant live nation, accusing it of using illegal tactics to maintain a monopoly over the music industry. the us attorney general, merrick garland, made the announcement earlier, arguing the concert promoter and its ticketmaster service has illegally inflated concert ticket prices, and is hurting artists, venues and concertgoers alike. music fans have complained for years about sky—rocketing fees, and have been calling for a re—examination of live nation's purchase of ticketmaster in 2010. here is us attorney—general merrick garland speak about the case on thursday. in recent years live nation ticketmaster exorbitant fees and technical failures have been criticised by fans and artists alike. but we're here today because live nation ticketmaster conduct is inconvenient or frustrating, we're here because, as allege, that conduct is anti—competitive and illegal. live nation's chief financial officer, joe berchtold, has said the company fundamentally disagrees with the lawsuit. the company has since released an update on its website to b
the usjustice department is suing entertainment giant live nation, accusing it of using illegal tactics to maintain a monopoly over the music industry. the us attorney general, merrick garland, made the announcement earlier, arguing the concert promoter and its ticketmaster service has illegally inflated concert ticket prices, and is hurting artists, venues and concertgoers alike. music fans have complained for years about sky—rocketing fees, and have been calling for a re—examination of...
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May 8, 2024
05/24
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the usjustice department declined to comment, but here's what white house press secretary karinejean—pierre had to say when asked about why president biden continues to use tiktok for his political campaign. so as it relates to the campaign, and obviously other congressional members, they have to speak to themselves, the campaign has to speak to it, but we've been very clear — what this law is is not a ban, it is a divestment. tiktok�*s ceo shou zi chew, who appeared with his wife, vivian kao, at the met gala last night, is hoping tiktok�*s other recent first amendment victories in the us, like blocking the state of montana's bid to ban it, will help it prevail again. outside of the courts, tiktok�*s best hope in a general election year is for donald trump to retake the white house, given that one of mr trump's big backers and a major republican donor, jeff yass, is also a tiktok investor. tiktok will face challenges when proving its case in court. that's according to kirk mcgill, a lawyer at hall estill. one of the primary difficulties that tiktok is going to have is that the princ
the usjustice department declined to comment, but here's what white house press secretary karinejean—pierre had to say when asked about why president biden continues to use tiktok for his political campaign. so as it relates to the campaign, and obviously other congressional members, they have to speak to themselves, the campaign has to speak to it, but we've been very clear — what this law is is not a ban, it is a divestment. tiktok�*s ceo shou zi chew, who appeared with his wife, vivian...
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May 17, 2024
05/24
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this week the usjustice department accused boeing of violating a criminal settlement over two 737 max crashes in 2018 and 2019 that claimed 346 lives. boeing was supposed to tighten up its internal compliance and ethics which the do] says it has failed to do and it could now be prosecuted. this comes of course after an incident injanuary this year when an unused door blew out soon after takeoff on an alaska airlines 737 max, sparking multiple investigations into boeing's safety culture. boeing ceo, dave calhoun, who took over in 2019 after the previous boss was fired, has announced he's leaving at the end of the year. but who will take on the role now described by some as the "toughest job in corporate america"? some shareholders want to see a new face from outside the firm. and there is another bone of contention. boeing has disclosed mr calhoun was awarded a pay deal of almost $33 million this year, up 45% on last year despite a steep fall in the stock price. earlier i spoke to the leadership expert and he says boeing needs change from the top. this point about this entire saga is i
this week the usjustice department accused boeing of violating a criminal settlement over two 737 max crashes in 2018 and 2019 that claimed 346 lives. boeing was supposed to tighten up its internal compliance and ethics which the do] says it has failed to do and it could now be prosecuted. this comes of course after an incident injanuary this year when an unused door blew out soon after takeoff on an alaska airlines 737 max, sparking multiple investigations into boeing's safety culture. boeing...
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May 8, 2024
05/24
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what we know from this report, which the usjustice department hasn't unconfirmed and neither has tesla, is the specific charges that might surround any investigation, and that is potentially wire fraud, that the company misled investors and consumers about exactly what their self driving technology can do. we have known for a long time that elon musk is very keen to push this along and sometimes it might be a case that his enthusiasm is getting ahead of reality. that his enthusiasm is getting ahead of reali . . ~ that his enthusiasm is getting ahead of reali . ., ~ i. , here in london, the ftse 100 has racked up another record close. investors are also piling on bets against the pound. they think the bank of england will start cutting interest rates before the federal reserve in the us, making sterling a less attractive bet. we get the latest decision from the bank at midday tomorrow. let's talk to fiona cincotta from city index here in london. the ftse100 extends gains, climbing to a new record, while the pound slips below $1.25. yes, that's right. really good news for the ftse. index
what we know from this report, which the usjustice department hasn't unconfirmed and neither has tesla, is the specific charges that might surround any investigation, and that is potentially wire fraud, that the company misled investors and consumers about exactly what their self driving technology can do. we have known for a long time that elon musk is very keen to push this along and sometimes it might be a case that his enthusiasm is getting ahead of reality. that his enthusiasm is getting...
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May 15, 2024
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through this ruling, the usjustice department has effectively opened the door to boeing facing criminal prosecution over two deadly crashes in 2018 and 2019, in indonesia and then in ethiopia, involving its 737 max aircraft, through which, 346 people were killed. and after those two crashes, essentially, there was a deal between prosecutors and boeing. it was contentious, and boeing paid out some $2.5 billion, but also agreed to come up with a new framework, a new ethical framework, also with regards to safety measures as well. now, that deal was set to last for three years and actually expire injanuary. just a few days before it did expire, we saw that incident with the alaska airlines 737 max airliner as well, when a panel on that aircraft blew out. and of course, during that incident, it immediately renewed the spotlight on boeing, on its quality assurances, its safety controls. and in this ruling, the us justice department on tuesday said that boeing had violated the terms of that agreement. that is something that boeing vehemently opposes. but now, essentially, it will be up to the
through this ruling, the usjustice department has effectively opened the door to boeing facing criminal prosecution over two deadly crashes in 2018 and 2019, in indonesia and then in ethiopia, involving its 737 max aircraft, through which, 346 people were killed. and after those two crashes, essentially, there was a deal between prosecutors and boeing. it was contentious, and boeing paid out some $2.5 billion, but also agreed to come up with a new framework, a new ethical framework, also with...
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May 24, 2024
05/24
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the usjustice department is suing entertainment giant live nation, accusing it of operating as a monopoly and inflating prices. the suit claims the concert promoter and its ticketmaster service has illegal hiked concert ticket prices, and is hurting artists, venues and concertgoers. fans have complained for years about extra fees, and have been calling for a re—examination of live nation's purchase of ticketmaster in 2010. here's us attorney general, merrick garland speaking thursday. in recent years live nation ticketmaster's exorbitant fees and technical failures have been criticised by fans and artists alike. but we're not here today because live nation ticketmaster's conduct is inconvenient or frustrating, we're here because, as we allege, that conduct is anti—competitive and illegal. live nation's chief financial officer, joe berchtold, has said the company fundamentally disagrees with the lawsuit. it has since posted this statement, saying in part that the justice department "ignores everything that is responsible for higher ticket prices, from rising production costs, to artist
the usjustice department is suing entertainment giant live nation, accusing it of operating as a monopoly and inflating prices. the suit claims the concert promoter and its ticketmaster service has illegal hiked concert ticket prices, and is hurting artists, venues and concertgoers. fans have complained for years about extra fees, and have been calling for a re—examination of live nation's purchase of ticketmaster in 2010. here's us attorney general, merrick garland speaking thursday. in...
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May 23, 2024
05/24
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the usjustice department is suing live nation, alleging the ticketmaster parent is suffocating competition. formula e, the fi of electric cars, returns to china this weekend. we speak to the ceo just ahead. as unrest continues in new caledonia, hello and welcome to business today. i'm steve lai. to our top story today — entertainment company live nation's stock slipped nearly 8% on wall street after the us department ofjustice sued the parent company of ticketmaster, calling it a monopoly and accusing it of violating antitrust laws. our north america business correspondent erin delmore has all the details. 14 1a years ago, us government approved the merger with ticketmaster. since then, live a nation has grown into a powerhouse, but a hound now the government is calling it a monopoly to squash competition. in a press conference thursday, merrick garland pointed to the absorbent fees and failures that have angered concertgoers and artists and call the company's conduct illegal, compa ny�*s conduct illegal, saying company's conduct illegal, saying it was time to break it up. saying it wa
the usjustice department is suing live nation, alleging the ticketmaster parent is suffocating competition. formula e, the fi of electric cars, returns to china this weekend. we speak to the ceo just ahead. as unrest continues in new caledonia, hello and welcome to business today. i'm steve lai. to our top story today — entertainment company live nation's stock slipped nearly 8% on wall street after the us department ofjustice sued the parent company of ticketmaster, calling it a monopoly and...
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May 26, 2024
05/24
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department saying he is one of the lead assassins in the cartel who is responsible for the murder, torture and killing of rivals and witnesses who threaten the cartel�*s drug trafficking operations. el nini was accused of being in charge of the �*ninis�* — a violent group of security personnel — and he headed security for the sons of the ex sinaloa cartel drug lord joaquin �*el chapo�* guzman. officials say that the sons of el chapo now lead a very powerful faction of the sinaloa cartel called los chapitos and this faction is the biggest trafficker of fentanyl to the us. clearly a fearsome reputation. what reaction have we seen to this news? this extradition is being viewed as a huge success on both sides of the us mexico border in the fight against drugs. us presidentjoe biden said el nini was one of the most wanted criminals for the us and mexico and his speech after the extradition he said it is a good day forjustice. this is very important. it's being viewed as an example of what a collaborative approach to fighting drugs can prove and a success story is very important, a
department saying he is one of the lead assassins in the cartel who is responsible for the murder, torture and killing of rivals and witnesses who threaten the cartel�*s drug trafficking operations. el nini was accused of being in charge of the �*ninis�* — a violent group of security personnel — and he headed security for the sons of the ex sinaloa cartel drug lord joaquin �*el chapo�* guzman. officials say that the sons of el chapo now lead a very powerful faction of the sinaloa...
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May 24, 2024
05/24
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ticketmaster owner, live nation, has a monopoly over the concert business — says the usjustice department — and should be broken up. the firm calls the allegations baseless. also coming up — the campaign is under way. uk politicians hit the road — as the countdown begins tojuly 4. but how are financial markets taking the prospect of a general election? plus — valuations to the moon! elon musk�*s rocket firm could be worth $200 billion if a planned share sale goes ahead. we look at the increasingly big money business of space. live from london, this is business today. i'm lukwesa burak. we start with the music industry because live nation — the owner of ticketmaster — is being sued by the us department ofjustice and 30 us states. they want the concert promoter broken up, claiming it has too much power over live music events in the us. that — they say — has led to excessive prices and harmed the interests of artists and fans. live nation has hit back — calling the allegations baseless — saying the doj will lose in court because it ignores the basic economics of live en
ticketmaster owner, live nation, has a monopoly over the concert business — says the usjustice department — and should be broken up. the firm calls the allegations baseless. also coming up — the campaign is under way. uk politicians hit the road — as the countdown begins tojuly 4. but how are financial markets taking the prospect of a general election? plus — valuations to the moon! elon musk�*s rocket firm could be worth $200 billion if a planned share sale goes ahead. we look at...
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May 30, 2024
05/24
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according to the usjustice department shiny hunters came on the scene in 2021 weight put up on the scene in 2021 weight put up huge troves of customer records from more than 60 companies. ticketmaster operates one of the largest ticket sales platform is in the world and last week us government filed a lawsuit accusing the company of monopolising the market and calling for it to be broken up. thanks for the latest. mark humphery—jenner is associate professor at the university of new south wales in sydney. what are the implications of this for ticketmaster, who are already facing a lawsuit? great to be with _ already facing a lawsuit? great to be with you. _ already facing a lawsuit? great to be with you. the _ to be with you. the implications are not good. it is pretty dire because we are seeing class actions in the us and australia for prior data breaches against other companies and it is going to have a very negative impact on ticketmaster and live nation. details are still emerging, the 500,000 being asked for, what does that indicate about the seriousness of this data breach?— ser
according to the usjustice department shiny hunters came on the scene in 2021 weight put up on the scene in 2021 weight put up huge troves of customer records from more than 60 companies. ticketmaster operates one of the largest ticket sales platform is in the world and last week us government filed a lawsuit accusing the company of monopolising the market and calling for it to be broken up. thanks for the latest. mark humphery—jenner is associate professor at the university of new south...
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May 17, 2024
05/24
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this week, the usjustice department accused boeing of violating a criminal settlement, over two 737 max crashes, in 2018 and 2019, that claimed 346 lives. boeing was supposed to tighten up its internal compliance and ethics, which the doj says it has failed to do, and it could now be prosecuted.
this week, the usjustice department accused boeing of violating a criminal settlement, over two 737 max crashes, in 2018 and 2019, that claimed 346 lives. boeing was supposed to tighten up its internal compliance and ethics, which the doj says it has failed to do, and it could now be prosecuted.
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May 23, 2024
05/24
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our us media partner cbs is reporting that the usjustice department will file an anti—trust lawsuit against entertainment conglomerate live nation. live nation is a parent company of ticketmaster, which the doj is accusing of dominating the ticketing market. the ticketing industry has come under scrutiny after glitches blocked millions in the us from buying tickets for taylor swift's tour and criticism about high ticketing fees. breakdancing — or breaking, to give it its official name — makes its olympic debut in paris this year. among the competitors will be manizha talash, afg hanistan's only female breaker. she was forced to leave her country when the taliban returned to powe and is part of the refugee team. kawoon khamoosh saw hertraining in spain. an intense work—out for the world's biggest competition. manizha is training nonstop to develop and master her skills. she will be taking these moves to the olympics this summer. she knows the whole world will be watching her. translation: by going - to the olympics, i want to show that afghan girls will never surrender. they will win d
our us media partner cbs is reporting that the usjustice department will file an anti—trust lawsuit against entertainment conglomerate live nation. live nation is a parent company of ticketmaster, which the doj is accusing of dominating the ticketing market. the ticketing industry has come under scrutiny after glitches blocked millions in the us from buying tickets for taylor swift's tour and criticism about high ticketing fees. breakdancing — or breaking, to give it its official name —...
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May 1, 2024
05/24
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the usjustice department has confirmed the attorney general is moving to loosen restrictions on marijuana. the proposal would reclassify cannabis as a less dangerous drug, in what�*s being described as an historic shift in federal drug policy. it would not legalise it. let�*s return to our top story following the latest protests here in us including in new york columbia university. nypd police officers are now on campus en masse. they are arresting students, as we understand. the nypd tells the bbc that officers entered hamilton hall, we see the latter they have sent up there, thatis latter they have sent up there, that is where we saw officers entering earlier through a window into hamilton hall to clear the building of protesters. they were authorised to go in by university authorities after students defied a deadline to disburse earlier today. we are seeing a massive police presence. earlierwe seeing a massive police presence. earlier we spoke to a reporter who said that there was no access to columbia university at this moment so we will continue to follow these live pictures for
the usjustice department has confirmed the attorney general is moving to loosen restrictions on marijuana. the proposal would reclassify cannabis as a less dangerous drug, in what�*s being described as an historic shift in federal drug policy. it would not legalise it. let�*s return to our top story following the latest protests here in us including in new york columbia university. nypd police officers are now on campus en masse. they are arresting students, as we understand. the nypd tells...
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May 23, 2024
05/24
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thank you for coming- _ the usjustice department is suing entertainment giant live nation, accusing it of using illegal tactics to maintain a monopoly over the music industry. the us attorney general, merrick garland made the annoucement earlier, arguing the concert promoter and its ticketmaster service has illegaly inflated concert ticket prices, and is hurting artists, venues and concert goers alike. music fans have complained for years that they are paying over the aid, and have been calling for a re—examination of live nation's purchase of ticketmaster in 2010. especially after the ticket seller botched sales to taylor swift's 2022 concert — her first tour in years — which meant fans spent hours in online queues, paying exorbitant prices for the tickets. we are not here today because live nation ticketmaster �*s conduct is inconvenient or frustrating. we are here because, as we allege, that conduct is anti—competitive and illegal. 0ur complaint makes clear what happens when a monopolist dedicates its resources to entrenching its monopoly power and insulating itself from c
thank you for coming- _ the usjustice department is suing entertainment giant live nation, accusing it of using illegal tactics to maintain a monopoly over the music industry. the us attorney general, merrick garland made the annoucement earlier, arguing the concert promoter and its ticketmaster service has illegaly inflated concert ticket prices, and is hurting artists, venues and concert goers alike. music fans have complained for years that they are paying over the aid, and have been calling...