Fox Business

Search documents
Court rules Google must pay $12,500 to man photographed naked by Street View camera: report
Fox Business· 2025-07-26 01:25
Core Viewpoint - An Argentine appeals court ruled that Google must pay approximately $12,500 to a man whose naked photograph was taken by a Google Street View car in his backyard, highlighting significant privacy concerns related to the company's practices [1][5][12]. Legal Ruling - The court found that Google committed a "serious error" by publishing the image, which was taken in a private space behind a tall wall [1][5]. - The initial dismissal of the case by a lower court was overturned, emphasizing that the image was captured within the confines of the man's home, constituting a blatant invasion of privacy [5][9]. Financial Implications - The court awarded the plaintiff approximately £9,300, equivalent to $12,500 USD, reflecting the humiliation caused by the exposure [5][12]. Privacy Protections - Argentina's constitution and privacy laws provide strong protections for personal dignity, even when individuals are partially visible from public spaces [9]. - The ruling may set a precedent for similar privacy claims in Latin America, where privacy protections are often more stringent than in the U.S. [13]. Google's Policies - The court referenced Google's policy of blurring faces and license plates as an acknowledgment of its responsibility to prevent harm, indicating that the company should have flagged the image in question [11][12]. - Google's Street View policy includes the use of advanced blurring technology and allows users to request additional removals [13].
Trump admin allows Chevron to again pump oil in Venezuela, reversing ban
Fox Business· 2025-07-25 20:25
Core Viewpoint - The Trump administration has reversed a prior ban, allowing Chevron to resume oil operations in Venezuela, which is linked to a recent prisoner swap deal between the U.S. and Venezuela [1][2]. Group 1: Chevron's Operations - Chevron received a license to operate in Venezuela in 2022 under the Biden administration, following Venezuelan leader Nicolás Maduro's promise for fair elections, which did not materialize [2]. - The Trump administration had previously rescinded Chevron's license in February, giving the company a deadline to cease operations by May [3]. - The new license's specific terms are unclear, but it is anticipated that the Maduro regime would not agree to a deal that does not provide them with some benefits [11]. Group 2: Political Context - The reversal of the ban is seen as a political maneuver, with Trump stating it is a reversal of concessions made by Biden to Maduro [4]. - Some Republican lawmakers initially opposed extending Chevron's license, but have since approved the new deal, emphasizing that the Maduro regime will not benefit from it [7][8]. - The U.S. State Department has indicated that it will impose restrictions to prevent the Maduro regime from profiting from oil sales [7]. Group 3: Market Implications - Venezuelan heavy oil is attractive to U.S. refiners, particularly those in Texas and Louisiana, as they are designed to process this type of oil [15]. - There is speculation about whether the new deal will be limited to Chevron or if it will open the door for other companies to invest in Venezuelan oil [15][16]. - The previous license under Biden allowed Chevron to accrue approximately $300 million in taxes owed to Venezuela, despite restrictions on royalties [14].
TD Bank to require staff to return to office four days a week
Fox Business· 2025-07-24 01:52
Group 1 - TD Bank has mandated that employees work in the office four days a week, starting with executive-level staff on October 6 and non-executive employees by November 3 [1][2][5] - The bank is preparing many locations for this transition, while some may require additional time to accommodate the change [2][5] - The emphasis on in-person work is based on findings that it enhances collaboration, decision-making, learning, and overall outcomes, as well as improving career development and company culture [5][8] Group 2 - The shift in work policy follows a trend among various companies, including banks like JPMorgan Chase and the Royal Bank of Canada, to encourage a return to in-person work after the flexible arrangements during the pandemic [8][10] - The rationale behind this movement is the belief that in-person collaboration fosters stronger workplace connections and a robust company culture [8]
Skydance informs Trump's FCC it will eliminate DEI at paramount, create CBS News ombudsman following merger
Fox Business· 2025-07-23 22:17
Skydance Media informed the Federal Communications Commission (FCC) it would eliminate diversity, equity, and inclusion (DEI) initiatives and install an ombudsman to crack down on perceived bias within CBS News once a long-planned merger with Paramount Global is approved. Skydance and Paramount, which is the parent company of CBS, have agreed to a multi-billion-dollar merger that would put the combined company under the control of current Skydance Media CEO David Ellison. But President Trump’s FCC needs to ...
Microsoft identifies Chinese hacking groups behind persistent SharePoint server attacks
Fox Business· 2025-07-23 20:42
Core Insights - Microsoft has identified three China-based hacking groups responsible for an ongoing cyberattack on its SharePoint file-sharing system [1][2][3] Group 1: Attack Overview - The Microsoft Security Response Center first reported the attack on July 19, highlighting vulnerabilities related to spoofing and remote code execution [2] - SharePoint is designed for secure information sharing and collaboration within organizations [2] Group 2: Identified Hacking Groups - Two named Chinese nation-state actors, Linen Typhoon and Violet Typhoon, have been observed exploiting vulnerabilities targeting internet-facing SharePoint servers [3] - Linen Typhoon has been active since 2012, focusing on intellectual property theft, particularly from organizations linked to government and defense [5] - Violet Typhoon, active since 2015, has concentrated on espionage, targeting former government and military personnel, NGOs, think tanks, and various sectors in the U.S., Europe, and East Asia [6] Group 3: Attack Methods and Objectives - Linen Typhoon is known for "drive-by compromises" and relies on existing exploits to breach organizations [5] - Violet Typhoon seeks vulnerabilities in exposed web infrastructure to exploit weaknesses and install web shells [9] - Storm-2603 is another China-based threat actor involved in the breach, but its links to other known Chinese hacking groups remain unconfirmed [9] Group 4: Response and Mitigation - Microsoft has released security updates to protect customers using all versions of SharePoint and urges immediate application of these updates [12]
McDonald's Snack Wrap demand caused lettuce shortage at some of its restaurants
Fox Business· 2025-07-23 16:03
The debut of McDonald's snack wrap earlier this month triggered so much unexpected demand that it temporarily depleted its lettuce supplies. Less than a week after the Snack Wrap, fried chicken strips rolled in a tortilla, returned to menus, McDonald's sent notices to U.S. franchisees to hold off on adding shredded lettuce to its McChicken sandwiches in order to conserve supplies, according to a company memo seen by The Wall Street Journal.The directive, sent to franchisees last week, aimed to help locatio ...
McDonald's Snack Wrap demand causes lettuce shortage at some of its restaurants
Fox Business· 2025-07-23 15:16
The debut of McDonald's snack wrap earlier this month triggered so much unexpected demand that it temporarily depleted its lettuce supplies. Less than a week after the Snack Wrap, fried chicken strips rolled in a tortilla, returned to menus, McDonald's sent notices to U.S. franchisees to hold off on adding shredded lettuce to its McChicken sandwiches in order to conserve supplies, according to a company memo seen by The Wall Street Journal.The directive, sent to franchisees last week, aimed to help locatio ...
Coca-Cola's sugarcane shift: States that could benefit from the beverage giant's latest move
Fox Business· 2025-07-23 14:45
Coca-Cola's plan to launch a soda sweetened with cane sugar later this year is a welcome boon to the small sugarcane economy in the U.S., one industry expert told FOX Business. The beverage giant announced during its earnings report on Tuesday that it plans to launch a new product made with real sugar as soon as this fall amid ongoing pressure from the Trump administration to ensure the nation’s food supply has cleaner ingredients.Bryan Le, a food scientist and principal food consultant at Mendocino Food Co ...
Hershey raising chocolate prices by double-digits as cocoa costs soar: report
Fox Business· 2025-07-22 23:20
Group 1 - The Hershey Company is raising prices across its candy portfolio due to an unprecedented increase in cocoa costs, with price increases expected to be in the double digits [1][4] - The price increase will involve adjustments to both the list price and the weight and amount of candy in product packaging [1][4] - The rise in cocoa costs is attributed to supply shortages in the Ivory Coast and Ghana, which have significantly impacted prices over the last two years [4] Group 2 - The Hershey Company is currently in discussions with its retail partners regarding the new pricing but has not disclosed specific details [6] - The announcement of the price increase follows the news that Wendy's CEO, Kirk Tanner, will be stepping down to take the CEO position at Hershey, effective August 18 [7] - Hershey owns over 90 brands, including popular products like Reese's Peanut Butter Cups and Kit Kat [9]
GM profit shrinks despite stronger sales
Fox Business· 2025-07-22 13:04
General Motors’ net income shrank 35% in the second quarter despite strong sales gains as President Trump’s automotive tariffs weighed on the largest automaker in the U.S. Despite the drop in profit, GM’s results exceeded Wall Street estimates for revenue and adjusted operating income. The company maintained its previous profit guidance for 2025.In a letter to shareholders, Chief Executive Mary Barra said GM is "positioning the business for a profitable, long-term future as we adapt to new trade and tax pol ...