Apple will allow Europe-based iPhone users to download apps directly from third-party websites – the latest attempt by the tech giant to appease regulators after a sweeping European Union competition law took effect earlier this month.The Cupertino, Calif.-based company said “authorized developers” can offer direct downloads beginning this spring. The policy tweak marked a reversal for Apple, which has long opposed the practice – known as sideloading – due to cybersecurity and user privacy concerns.Aside fr ...

US carriers warned on Tuesday that their plans to increase capacity were in doubt due to jet delivery delays from Boeing, as the hit to the airline industry from the planemaker’s safety crisis worsens.The airline industry has cut expectations for deliveries this year due to Boeing’s problems, complicating their efforts to meet record travel demand.Boeing has been under heavy regulatory scrutiny following a harrowing Jan. 5 midair panel blowout incident that led to probes into the company’s safety and qualit ...

Core Insights - Advance Auto Parts is appointing three new board members to enhance its automotive supply chain and merchandising expertise following investments from hedge funds Third Point LLC and Saddle Point Management [1][3] - The board refreshment occurs six months after the appointment of Shane O'Kelly as CEO, who is tasked with turning around the company after a significant decline in stock price and a downgrade of its debt to "junk" status by S&P Global Ratings [1][3] - The company is also in the process of selling Worldpac, a wholesale distributor of automotive parts acquired in 2014, as part of its turnaround strategy [3] Board Changes - New board members include Brent Windom, former CEO of Uni-Select; Gregory Smith, executive vice president at Medtronic; and Thomas Seboldt, who has extensive experience at O'Reilly Automotive [3] - The current board consists of nine members, and the addition of these executives aims to strengthen the company's governance and strategic direction [1] Activist Investors - Third Point and Saddle Point have acquired under 5% beneficial ownership in Advance Auto Parts and are the first activist investors the company has faced since Starboard Value [4][6] - The involvement of these hedge funds indicates a push for changes in the company's strategy and operations, following a history of activist engagement in other companies by Third Point's Daniel Loeb [6]

Airbnb said it’s prohibiting the use of indoor security cameras in all of its listings worldwide, regardless of their purpose or location.In an effort to simplify its policy on security cameras and other devices, hosts will no longer be allowed to use cameras in any area of the home, effective April 30, the company said in a Monday update on its policy.Any violations of the revised policy will be investigated and the listing or account holder could potentially be removed from the platform, according to the ...

Apple has launched a major charm offensive in Washington to counter a fresh wave of antitrust heat – and lobbyists and executives including CEO Tim Cook have landed meetings at the White House at least 87 times since President Biden took office, public documents show.The $3 trillion tech giant has amassed an army of Beltway influence peddlers, lawyers and staffers with ties to the White House and the Justice Department, according to The Post’s review of public documents and interviews with tech policy insid ...

Pfizer is pushing to be more involved in cancer drugs after a turbulent year marked by the rapid decline of its COVID business.During a four-hour investor event last week, Pfizer pushed its initative to “accelerate breakthroughs that help people with cancer globally live better and longer lives,” according to CNBC.The drugmaker has ramped up its efforts to “outdo cancer” since it acquired oncology biotech firm Seagen for $43 billion in December.The acquisition doubled Pfizer’s cancer drug pipeline to 60 dif ...

More than 100 Disney hotel maintenance workers responsible for keeping the company’s luxe hotels up and running in southern California are suing the entertainment giant for allegedly paying them less than fast-food workers earn in the state and forcing them to moonlight at second jobs despite working overtime.“A ton of us have or had second jobs just to survive,” lead plaintiff Charlie Torres told FOX Business. “I was working 48-plus hours a week in the mornings at Disney and delivering pizzas five nights a ...

It seems almost unfathomable that there was time — and not that long ago — that Citigroup was the model financial services firm. It might be yet again — but only if its CEO Jane Fraser can pull off the restructuring of the century. Full disclosure: I’m not a believer in the Citi comeback story, though there are people I respect on Wall Street (Wells Fargo analyst Mike Mayo among them) who give it a decent shot. My skepticism is grounded in the fact that I have covered the place for decades and — like the b ...

The popular weight-loss drug Wegovy, which has helped millions of Americans shed pounds, can now be used to reduce the risk of stroke, heart attacks and other serious cardiovascular problems in patients who are overweight or who have obesity, federal regulators said Friday.The Food and Drug Administration approved a label change requested by drugmaker Novo Nordisk that expands the use of semaglutide.The decision was based on the results of a study that found that Wegovy cut the risk of serious heart problem ...

Apple restored “Fortnite” maker Epic Games’ permissions to offer its own app store to iPhone customers in Europe on Friday – just one day after European Union regulators suggested its brazen move to block Epic may have violated a sweeping new antitrust law.Apple faced scrutiny under European Union’s Digital Markets Act – a law that took effect this week and placed restrictions on six “gatekeeper” Big Tech firms. The law requires Apple to allow developers to run their own app stores – something Epic sought t ...