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Month: June 2024

Elon Musk got 72% in Tesla shareholder vote on pay

Elon Musk got 72% in Tesla shareholder vote on pay

More news - Recent news With the pay package, Musk would own 20.5% of Tesla, up from about 13%. He has said he would like a 25% stake, stressing in January that it would be "quite influential, but not so much that it can't be overthrown." If he didn't get such a large stake, he said, "he would rather build products outside of Tesla." Even after this week's rally, Tesla shares are down more than 20% this year, compared with a 14% gain in the broader stock market. The company remains by far the most valuable auto company, with a…
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During Eid al-Adha, Gazans find little to celebrate

During Eid al-Adha, Gazans find little to celebrate

More news - Recent news Now, due to the lack of electricity and higher costs in the markets, Abdul Aziz has to buy food every day, depending on what is available and what he can afford. But the party isn't the only thing he'll miss this year, he said. “There are visits and family gatherings, money is given to children, new clothes are bought for everyone, sweets are baked, Eid prayers are said,” he said. “None of this is feasible this year. Everyone is sad and has lost someone or something." Aya Ali Adwan, 26, had become engaged before the…
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Tesla shareholders will vote on Elon Musk’s big payday.  What happens then?

Tesla shareholders will vote on Elon Musk’s big payday. What happens then?

More news - Recent news Tesla could use shareholder approval to support Musk's case in court. If it wins the vote on Musk's compensation, the company is likely to turn to Chancellor Kathaleen McCormick, the Delaware Court of Chancery judge who rejected the compensation plan, and argue that shareholders, armed with information she says not having had it when they approved the package, they ratified the proposal again. This, according to the company, makes the issue controversial. If McCormick were to declare the plan acceptable, it is likely that the plaintiffs who initially sued will appeal to the Delaware Supreme…
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Rocky Wirtz, president of the Chicago Blackhawks, has died at the age of 70

Rocky Wirtz, president of the Chicago Blackhawks, has died at the age of 70

Related media - News 24 hours Rocky Wirtz, who after taking over from his father as principal owner of the Chicago Blackhawks, won three Stanley Cup championships in the 2010s — a stellar run that lost its luster several years later after a sexual assault investigation by one of the teams of the minor league. players by a coach – died Tuesday in Evanston, Illinois. He was 70 years old. His death, in hospital, was confirmed by John Steinmiller, team spokesman. Under Mr. Wirtz's father, William, the Blackhawks, one of the National Hockey League's six original franchises, had become a…
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Personal conflicts, even violence, are not uncommon in long-term care

Personal conflicts, even violence, are not uncommon in long-term care

More news - News 24 hours Those most likely to be involved are younger and able to walk, "able to move and put themselves in harm's way," Dr. Pillemer said. Most had at least moderate cognitive impairment. The studies also found that incidents occurred more often in specialized dementia units. “Memory care has positive elements, but it also puts residents at greater risk of assault,” Dr. Pillemer said. “More people with brain disease, uninhibited people, gather in a smaller space.” Because so many, both perpetrators and victims, suffer from dementia, "sometimes we can't say what started it all," said Leanne…
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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain

Related media - Latest news Terms of the deal were not disclosed. Sony bought Alamo from Altamont Capital Partners and Fortress Investment Group, as well as the chain's founder, Tim League. Mr League said the cinema chain was “more than thrilled” with the deal. This comes at a time of financial difficulty for the Alamo and the film industry as a whole. Many of Alamo's franchised locations filed for bankruptcy and closed this month, making Sony's move a potential lifeline for the struggling chain. Alamo filed for Chapter 11 bankruptcy in 2021 before a private equity firm intervened. The theaters…
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Christophe Deloire, who fought for threatened journalists, has died at the age of 53

Christophe Deloire, who fought for threatened journalists, has died at the age of 53

More news - Recent news Christophe Deloire, whose nonpartisan organization to protect journalists saved dissidents from prison and championed a diversity of viewpoints in the profession around the world, died Saturday in Paris. He was 53 years old. The cause would be complications due to brain cancer, according to Reporters Without Borders, the media group of which he has been general secretary for 12 years. Deloire, who was himself a journalist and author, lobbied publicly and worked behind the scenes to promote a free press in countries that muzzled journalists. He helped negotiate freedom for those who had been threatened…
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California proposes 30 AI regulatory laws amid federal gridlock

California proposes 30 AI regulatory laws amid federal gridlock

Related media - News 24 hours California lawmakers last month advanced about 30 new AI measures aimed at protecting consumers and jobs, one of the largest efforts yet to regulate the new technology. The bills aim to impose the toughest nationwide restrictions on artificial intelligence, which some technologists warn could kill entire categories of jobs, throw elections into chaos with misinformation and pose national security risks. California's proposals, many of which have won broad support, include rules to prevent AI tools from discriminating in housing and health services. They also aim to protect intellectual property and jobs. The California Legislature,…
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Middle East crisis: Blinken arrives in Middle East as US pushes for ceasefire vote at UN

Middle East crisis: Blinken arrives in Middle East as US pushes for ceasefire vote at UN

Related media - Recent news Still battling Israel's external enemies on multiple fronts, Prime Minister Benjamin Netanyahu awoke Monday to a new political battlefield at home.The departure this weekend of Benny Gantz and his centrist National Unity party from Israel's wartime emergency government is unlikely to immediately break Netanyahu's power. The prime minister's ruling coalition still holds a narrow majority of 64 seats in the 120-seat parliament. But Gantz's move means Netanyahu is now totally dependent on his far-right and ultra-Orthodox coalition partners as he pursues the war in Gaza despite growing international disapproval, leaving him increasingly isolated and exposed…
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The miniature secrets of championship rings

The miniature secrets of championship rings

More news - News 24 hours While sports fans enjoy the defining moments of this month's NBA Finals and Stanley Cup, Jason Arasheben studies like a college student before exams. Arasheben, a famous jeweler whose clients include rappers Drake and ASAP Rocky, is investigating the contending teams' history, connections to their hometowns and any other interesting facts that might go into an extravagantly bejeweled ring. He is also examining his personal contacts to find someone who can facilitate a meeting with the wealthy owners of the winning franchises. “You just have to start connecting the dots,” said Arasheben, CEO of…
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