New York Financial News

Shares of PENN Entertainment (PENN) rose 4.6% in early trading Monday after BofA Securities upgraded the stock on the early success of ESPN Bet.

By Katherine Masters

Hilton announced the appointment of Zubin Saxena as senior vice president and country head, India on Monday. Saxena joins Hilton from Radisson Hotel Group, where he worked for over eight years, most recently as the managing director and area senior vice president, South Asia.

By Mike Scarcella

Rio Tinto has agreed to pay $US28 million ($42.7 million) to end an American regulatory probe into its Mozambique coal debacle, in a settlement that closes a dark chapter in the miner’s history.

₹66.6 crore) in a series-D funding round led by Sanket Parekh of the Pidilite family office. The funding had been raised at a valuation of $352 million, said Purple Style, the parent company of Pernia’s Pop-Up Shop, a luxury fashion omnichannel platform. The round also saw participation from Signet (Harish Shah’s family office), Hira Group’s family office and other investors.

Sam Altman not returning as CEO of OpenAI: Report A memo from the OpenAI board sent to employees and seen by the New York Times said, “The board firmly stands by its decision as the only path to advance and defend the mission of OpenAI," “Put simply, Sam’s behavior and lack of transparency in his interactions with the board undermined the board’s ability to effectively supervise the company in the manner it was mandated to do," the memo added. Shear was the CEO of Twitch (a company he co-founded, but which was later acquired by Amazon in 2014) until March this year, where he spent around a decade turning the company from Justin.tv into the most successful video game streaming service in the world.

OpenAI, the artificial intelligence startup behind ChatGPT, stood by its decision to oust cofounder and CEO Sam Altman. The company named Emmett Shear, cofounder and former CEO of Twitch, as the new interim CEO, pushing aside Mira Murati, OpenAI executive who was named interim CEO after Altman's ouster.

(Reuters) -Blackstone is the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp's (FDIC) sale of Signature Bank (OTC:SBNY) debt, Bloomberg News reported on Sunday.

By Tom Hals

Sam Altman being fired as the CEO of OpenAI. The board of the Silicon Valley-based maker of AI chatbot ChatGPT suddenly ousted Altman — one of the most influential tech entrepreneurs of our times — stating “he was not consistently transparent in his communications, hindering the board's ability to fulfill its responsibilities”.

Forget Melbourne’s EastLink, Transurban’s got another toll road across the Pacific Ocean it may look to add to its $40 billion empire.

Cassie,' the two have settled the lawsuit she filed against the musician. According to a statement received by various publications, Diddy and Cassie settled their claims «to their mutual satisfaction.» Cassie, also known as Casandra Ventura, claimed in a lawsuit filed Thursday in the United States District Court for the Southern District of New York that she underwent «over a decade» of Diddy's «violent behavior and disturbed demands.» Here is P Diddy's colorful dating history, which has seen the musician romantically linked with many women.

Cassie had many ups and downs during their relationship before finally splitting up in 2018. While Cassie (actual name Cassandra Ventura) has since married Alex Fine and given birth to a child, her romance with Diddy continues to make headlines. Cassie filed a lawsuit against Diddy this month, according to the New York Times, alleging the music mogul abused her while they were together. But they have reached an agreement just one day after she filed an explosive lawsuit alleging the hip-hop mogul of rape and other forms of physical abuse.

BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday. The couple has been asked to appear at the Economic Offences Wing's (EOW) Mandir Marg office on November 21 to join the probe being carried out on a complaint by BharatPe, the sources said.

Hamas on Israel, social media platforms are still caught in the maelstrom, struggling to control content and withstand user fury. TikTok and X, formerly Twitter, were swept up in controversies this week, one involving an unearthing of a two-decade old screed by Osama bin Laden, the mastermind of the 9/11 terror attacks on the United States. Facebook and Instagram owner Meta is also facing pushback from users accusing the company founded by Mark Zuckerberg of over-censorship of pro-Palestinian content. The problems have cast a harsh light on content moderation policies at the big platforms after a big cost-cutting campaign last year saw trust and safety teams gutted. For TikTok, the risks are real as it faces a threat to be outright banned in the United States, under suspicion that its powerful algorithm is ultimately under the control of the Chinese Communist Party. Those calls were renewed when it emerged on Thursday that videos promoting bin Laden's «Letter to America» went viral, 22 years after he wrote it. Bin Laden's deeply anti-American writing explained his reasons for masterminding plane attacks on New York and Washington that killed nearly 3,000 people. Searches for the letter were eventually banned by TikTok which minimized the reach of the videos.

The Golden Globes have found a new broadcast home at CBS after the troubled awards show lost its longtime home at NBC and the Hollywood Foreign Press Association was dissolved after years of scandal

Amazon is cutting hundreds of jobs in the unit that handles its popular voice assistant Alexa as it plows more resources into artificial intelligence

Hip hop legend and marijuana aficionado Snoop Dogg says he’s going to stop smoking

Wall Street edged higher in quiet trading, closing out a third straight winning week and keeping November on track to be its best month in a year

A New York woman who died Sunday from cancer has raised enough money to erase million of dollars in medical debt with a posthumous plea for help