Tech

SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures
Tech

SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures

Federal securities regulators have launched a wide-ranging investigation into Activision Blizzard Inc., including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal. The Securities and Exchange Commission has subpoenaed Activision, known for its Call of Duty, World of Warcraft and Candy Crush franchises, and several of its senior executives, including longtime Chief Executive Bobby Kotick, according to the people and documents.
Iowa Grain Cooperative Hit by Cyberattack Linked to Ransomware Group
Tech

Iowa Grain Cooperative Hit by Cyberattack Linked to Ransomware Group

An Iowa grain co-op said it was hit with a cyberattack that security researchers are linking to newly launched ransomware group BlackMatter, which the researchers said demanded $5.9 million to unlock the organization’s data.Fort Dodge, Iowa-based New Cooperative Inc. said Monday that it took its computer networks down after some of its devices and systems recently were hacked. The organization notified law enforcement and is working with data-security experts to investigate what happened, it said. “Out of an abundance of caution, we have proactively taken our systems offline to contain the threat, and we can confirm it has been successfully contained,” the co-op said in a statement. New Cooperative is working to transport grain to livestock and poultry farms that rely on it for feed suppli...
Netflix and Apple Finally Broke Old TV at This Year’s Emmys
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Netflix and Apple Finally Broke Old TV at This Year’s Emmys

A historic night at the Emmy Awards for AMC and other cable networks roughly a decade ago left the television industry’s old guard questioning its relevance. Now the former insurgents of cable find themselves in the same wilderness. Back then, in 2008, it was AMC’s “Mad Men” that became the first basic cable series ever to win the flagship award for outstanding drama series. It was a symbol that the major networks’ long reign over TV culture was ending. No broadcaster has won that top prize since.
GM to Replace Batteries in Recalled Chevy Bolts
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GM to Replace Batteries in Recalled Chevy Bolts

General Motors Co. said it would start next month to fix Chevrolet Bolt electric cars that were recalled for fire risk, although many owners likely will have to wait months to receive the remedy. GM said Monday that it would start shipping new battery cells to dealerships as early as mid-October to begin replacing potentially faulty battery modules. GM and supplier LG Energy Solution have identified and fixed a manufacturing defect, and LG recently resumed production of cells at a factory in Michigan.
Coinbase Won’t Offer Lending Product Questioned by SEC
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Coinbase Won’t Offer Lending Product Questioned by SEC

WASHINGTON— Coinbase Global Inc. won’t offer a lending program that drew the threat of enforcement action from U.S. regulators. The product would have allowed customers holding a digital token called USD Coin to earn interest by lending it to other cryptocurrency traders. But the Securities and Exchange Commission told the company it couldn’t do so without registering the activity under investor-protection laws, Coinbase disclosed earlier this month.
Twitter to Pay $809.5 Million to Settle Securities Suit
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Twitter to Pay $809.5 Million to Settle Securities Suit

Twitter Inc. said it agreed to pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015. The San Francisco company on Monday said the proposed settlement would resolve all claims against Twitter and the other named defendants without any admission, concession or finding of any fault, liability or wrongdoing.
U.S.-Australia Submarine Pact Targets China’s Undersea Weakness
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U.S.-Australia Submarine Pact Targets China’s Undersea Weakness

Australia’s decision to build eight nuclear-powered submarines with U.S. technology will buttress America’s undersea edge over China and could help create a network of submarine defenses from the Indian to Pacific oceans to help deter Beijing from expansionism. China has rapidly built up its military in recent years, including over $200 billion in spending planned for this year, and now has a larger navy than the U.S. However, the U.S. maintains an advantage below the surface of the sea with more powerful submarines that are harder to detect.
Is Watching TV on Your Phone Futile? A Debate
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Is Watching TV on Your Phone Futile? A Debate

For the recurring series, That’s Debatable, we take on a contentious issue of the day and present two spirited arguments—one in favor and the other emphatically opposed. Previous installments from the series are here. NO. HERE’S WHY SOME STILL LOVE SMALL SCREENS. We’re already living in the smallscreen future. Just look at the success of short-form video platform TikTok, which has about 1 billion monthly active, largely Gen Z, users who view it almost an hour a day on average.
McDonald’s Starts Making Self-Service Easier for Blind Diners
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McDonald’s Starts Making Self-Service Easier for Blind Diners

McDonald’s Corp. is upgrading some of its self-service kiosks to make them more accessible to blind people.Company-owned McDonald’s restaurants are mounting new keypads and headphone jacks onto the touch-screen kiosks it introduced in 2015 as alternatives to ordering at the counter. Blind users can connect their headphones to the system and browse the digital menu using screen-reader technology and tactile arrow buttons, adding items to their basket by pressing a central button. McDonald’s said its existing self-service kiosks were rolled out in compliance with accessibility laws, including the Americans with Disabilities Act. The kiosks, which have enough clear floor space for wheelchair users, include a screen magnifier and a “press for assistance” button that is labeled in Braille. N...
iPhone Reality Doesn’t Fully Ground Satellite Dreams
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iPhone Reality Doesn’t Fully Ground Satellite Dreams

In the satellite world, what goes up doesn’t usually come back down. The same can’t be said for satellite stocks. Apple Inc.’s introduction of the iPhone 13 family earlier this week is a case in point. Late last month, influential analyst Ming-Chi Kuo from TFI International Securities predicted the next iPhone would include the ability to link directly to satellite networks.