DBS Hit by More Capital Minimums After ‘Unacceptable’ Outage
DBS Group Holdings Ltd. was slapped with higher capital requirements after a pair of disruptions to its digital banking services that Singapore’s regulator called “unacceptable.”
Bloomberg Tech
Apple Quietly Taps Korean Web Comics to Revive its Books App
Apple Inc. is betting on Korean web comics to give a jolt of life to its Books app.
Black-Owned Firm Claims Discrimination by AT&T Over $4.6 Billion Cricket Bid
A Black-owned private equity firm accused AT&T Inc. of discrimination for rejecting a $4.6 billion bid in 2019 for a majority stake in the Cricket Wireless business.
Warner Bros Posts Surprise Streaming Profit as Cable Struggles
Warner Bros. Discovery Inc. reported a surprise profit in streaming TV as its legacy cable networks continued to lose advertising and viewers.
House GOP Spending Cuts Would ‘Wreak Havoc’ on US Air System, FAA Says
Steep spending cuts contained in a House Republican budget bill would dramatically exacerbate a shortage of US air-traffic controllers that has already led to a reduction in flights to New York this summer, officials said Friday.
Apple Buoys Wall Street, Keeping Doubts on Future Growth at Bay
Apple Inc. rallied Friday after an iPhone rebound helped quarterly earnings beat estimates, even as overall sales at the world’s most valuable company remain in decline.
Shaquille O’Neal, 50 Cent Consider Bid for BET Media, WSJ Says
Basketball great Shaquille O’Neal, rapper 50 Cent and TV producer Kenya Barris have joined the list of possible bidders for Paramount Global’s BET Media Group, the Wall Street Journal reported.
Binance Faces US Probe of Possible Russian Sanctions Violations
The Justice Department is investigating whether Binance Holdings Ltd. was used illegally to let Russians skirt US sanctions and move money through the world’s biggest cryptocurrency exchange, according to people familiar with the matter.
Western Digital Customer Data, Credit Cards Accessed in Hack
Western Digital Corp. said hackers got access to an internal database for its online store which contained personal information such as names, addresses and partial credit card details of customers.
Booking, Expedia Results Show Travel Demand Remains Strong
Booking Holdings Inc. and Expedia Group Inc. both reported double-digit increases in gross bookings in the first quarter, signaling strong demand for travel despite high rates of inflation and a cloudy economic outlook.