Category Archives: 24/7 Newsroom News

Flight Delays Persist as Government Shutdown Leads to Air Traffic Controller Shortages

Flight Delays Persist as Government Shutdown Leads to Air Traffic Controller Shortages

Flight delays are continuing at U.S. airports amid air traffic controller shortages as the government shutdown enters its second month. Newark airport in New Jersey was experiencing delays of two to three hours on Sunday. George Bush Intercontinental Airport in Houston, Dallas Fort Worth International Airport and Chicago O’Hare were also seeing dozens of delays…MORE

South Korean President Calls for Aggressive AI Spending in Budget Speech

South Korean President Calls for Aggressive AI Spending in Budget Speech

SEOUL, South Korea (AP) — South Korean President Lee Jae Myung called for tripling government spending artificial intelligence infrastructure and technology in a budget speech to the legislature. Lee also called for lawmakers to approve a planned 8.2% increase in defense spending next year, which he said would help modernize the military’s weapons systems and…MORE

Tylenol, Kleenex, Band-Aid and More Put Under One Roof in $48.7 Billion Dollar Consumer Brands Deal

Tylenol, Kleenex, Band-Aid and More Put Under One Roof in $48.7 Billion Dollar Consumer Brands Deal

Kimberly-Clark is buying Tylenol maker Kenvue in an approximately $48.7 billion cash-and-stock deal, creating a massive consumer health goods company. The combined company will have a huge stable of household brands under one roof, putting Kenvue’s Listerine mouthwash and Band-Aid side-by-side with Kimberly-Clark’s Cottonelle toilet paper, Huggies and Kleenex tissues. It will also generate about…MORE

Microsoft to Ship 60,000 Nvidia AI Chips to UAE Under US-Approved Deal

Microsoft to Ship 60,000 Nvidia AI Chips to UAE Under US-Approved Deal

WASHINGTON (AP) — Microsoft has announced it will ship Nvidia’s advanced AI chips to the United Arab Emirates. The U.S. Commerce Department approved the deal in September. The company plans to send over 60,000 Nvidia chips, including the advanced GB300 Grace Blackwell chips, for use in UAE data centers. This move seems to contradict former…MORE

Starbucks Sells 60% Stake in China Business in $4 Billion Dollar Deal

Starbucks Sells 60% Stake in China Business in $4 Billion Dollar Deal

Starbucks is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement announced Monday, Boyu acquire a 60% interest in Starbucks’ retail operations in China, which is valued at $4 billion. Starbucks will retain a 40% interest in the joint venture and will own and license…MORE

OpenAI and Amazon Sign $38 Billion Deal for AI Computing Power

OpenAI and Amazon Sign $38 Billion Deal for AI Computing Power

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal to run OpenAI’s systems on Amazon’s cloud services. OpenAI will access hundreds of thousands of Nvidia’s AI chips through Amazon Web Services. The deal was announced Monday, just days after OpenAI changed its partnership with Microsoft. Last week, California and Delaware regulators allowed…MORE

Denny’s to Be Acquired and Taken Private in a Deal Valued at $620 Million

Denny’s to Be Acquired and Taken Private in a Deal Valued at $620 Million

Denny’s said Monday that it’s being acquired by a group of investors who will take the breakfast chain private. Denny’s board unanimously approved the deal, which values Denny’s at $620 million including debt. The company will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, which is…MORE

Judge Again Bars Trump Administration From Deploying Troops to Portland

Judge Again Bars Trump Administration From Deploying Troops to Portland

PORTLAND, Ore. (AP) — A federal judge in Oregon has once again barred President Donald Trump’s administration from deploying the National Guard to Portland, Oregon until at least Friday. Trump appointee U.S. District Court Judge Karin Immergut issued the ruling Sunday after a three-day trial and says she will issue a final ruling on Friday.…MORE