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TikTok Fined €530 Million for Illegally Sending EU Data to China

TikTok owner ByteDance Ltd. was fined €530 million ($600 million) by the European Union for illegally sending user data to China, and warned that it didn’t do enough to keep that information out of reach from Chinese state services. Ireland’s …

UK Minister Tells Businesses to ‘Wake Up’ After Marks & Spencer Hack

A senior UK minister [this week] will warn businesses to protect themselves against cyber threats after a spate of attacks on retailers including Marks & Spencer Group Plc. “These attacks need to be a wake-up call for every business in …

UK Grocer Co-op Says Hackers Obtained Customer Data

The UK supermarket chain Co-op said hackers were able to access and extract customer data from one of its systems during a recent cyberattack. “The accessed data included information relating to a significant number of our current and past members,” …

Judge Allows Testimony That Abbott, Mead Johnson Baby Formula Caused Disease

A federal judge on said she will allow expert testimony that formula made by Abbott Laboratories and Reckitt Benckiser subsidiary Mead Johnson for premature babies can cause a fatal intestinal illness, as the companies face hundreds of lawsuits over the …

US Opens Probes After Army Helicopter Forces 2 DC Flights to Abort Landings

Federal investigators have launched a probe after two flights aborted landings at Reagan Washington National Airport on Thursday because a U.S. Army Black Hawk helicopter too close. The Federal Aviation Administration said on Friday that air traffic control told Delta …

Second Person Charged With Arson in New Jersey Pine Barrens Fire

A second person has been charged with arson in the wildfire in New Jersey’s Pine Barrens that has grown into the state’s second-largest fire in nearly two decades. Prosecutors said Friday that a 17-year-old was arrested and charged with arson, …

‘Sensitive’ Security Report Into Arson at Governor’s Mansion Won’t Be Made Public

A consultant paid to review security at the official residence of Pennsylvania Gov. Josh Shapiro after it was firebombed by a late-night intruder said Friday that his team’s findings will not be made public. Retired state police Col. Jeffrey Miller …

Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI

He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer lagging behind competitors in several key areas. “[I]n the last seven quarters, …

Washington Issues Citations for Warehouse Quota, Safety Violations

The Washington State Department of Labor and Industries issued the first citations under a a new law regulating production quotas in warehouse workplaces. L&I fined The Safeway distribution center in Auburn $26,700 for several violations related to workplace safety and …

Buffett to Step Down Following Six-Decade Run Atop Berkshire

Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate. …

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