An anonymous reader quotes a report from Ars Technica: DirecTV is pulling out of an agreement to buy its satellite rival Dish after bondholders objected to terms of the deal. DirecTV issued an announcement last night saying "it has notified EchoStar of its election to terminate, effective as of 11:59 p.m., ET on Friday, November 22nd, 2024, the Equity Purchase Agreement (EPA) pursuant to which it had agreed to acquire EchoStar's video distribution business, Dish DBS." In the deal announced on September 30, DirecTV was going to buy the Dish satellite TV and Sling TV streaming business from EchoStar for a nominal fee of $1. DirecTV would have taken on $9.75 billion of Dish debt if the transaction moved ahead. The deal did not include the Dish Network cellular business. Dish bondholders quickly objected to terms requiring them to take a loss on the value of their debt. DirecTV had said Dish notes would be exchanged with "a reduced principal amount of DirecTV debt which will have terms and collateral that mirror DirecTV's existing secured debt." The principal amount would have been reduced by at least $1.568 billion. DirecTV last night said it is now exercising its right to terminate the acquisition because noteholders did not accept the exchange offer. "The termination of the Agreement follows Dish DBS noteholders' failure to agree to the proposed Exchange Debt Offer Terms issued by EchoStar, which was a condition of DirecTV's obligations to acquire Dish under the EPA," the press release said. DirecTV CEO Bill Morrow indicated his company wasn't willing to change the deal to satisfy Dish bondholders. "We have terminated the transaction because the proposed Exchange Terms were necessary to protect DirecTV's balance sheet and our operational flexibility," Morrow said.

Read more of this story at Slashdot.

Weeks after federal regulators announced a "click-to-cancel" rule for subscription businesses, a New York judge has ruled that SiriusXM made it too difficult for customers to end their service. Deadline: New York State Supreme Court Justice Lyle Frank's ruling, issued Thursday, upheld elements of a lawsuit filed against the satellite audio firm in 2023 by New York Attorney General Letitia James. In a post on X after Frank's ruling, she wrote that the company "illegally forced people to go through a long and burdensome process to simply cancel their subscriptions. We sued SiriusXM to protect people's wallets, and now, SiriusXM must simplify its cancellation process and stop taking advantage of New Yorkers."

Read more of this story at Slashdot.

Workers in the U.S. are running in place -- feeling stuck in jobs with dimmed prospects of advancement and seeing fewer opportunities to jump ship for something better. From a report: It's a sharp contrast to the heady days of 2022 -- when employees were quitting their jobs at record high rates, open roles proliferated and the possibility of a higher paycheck always seemed just around the corner. Employers are sitting tight, says Daniel Zhao, lead economist at job site Glassdoor. Companies aren't making big changes to hiring strategy. That means "fewer opportunities for workers to climb the career ladder," he says. They're still plugging away at the same role they've had for years without the opportunity to move up internally or at a new company. 65% of the 3,400 professionals surveyed by Glassdoor last month said they feel stuck in their current role. "As workers feel stuck, pent-up resentment boils under the surface," Zhao writes in a report out yesterday.

Read more of this story at Slashdot.

Bose has acquired the high-end audio brand McIntosh, a move the company says will "significantly" expand its product lineup and open "new opportunities in the automotive sector." The Verge reports: McIntosh has already designed a sound system for some Jeep models, but Bose's audio setups are found within a wider range of cars from automakers like Chevy, Honda, Nissan, Cadillac, and many others. It doesn't look like Bose or McIntosh will make any changes to their existing products. Bose says it will continue to launch its headphones, speakers, soundbars, and in-car audio, while McIntosh and Sonus faber will keep developing premium audio products, including amplifiers, loudspeakers, and turntables. "Over the last six decades we've delivered the best premium audio experiences possible; now, with McIntosh Group in our portfolio, we can unlock even more ways to bring music to life in the home, on-the-go and in the car," Bose CEO Lila Snyder said in a press release. "We look forward to honoring the heritage of these brands, investing in their future and pushing the boundaries of audio innovation to bring customers experiences they've never heard before."

Read more of this story at Slashdot.

Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. From a report: Spirit, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after working out terms with bondholders. The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026. The airline said it expects to continue operating normally during the bankruptcy process. Spirit told customers Monday they can book flights and use frequent-flyer points as they ordinarily would, and said employees and vendors would continue getting paid.

Read more of this story at Slashdot.

Infosys founder Narayana Murthy has tripled down on his previous statements that 70-hour work weeks are what's needed in India and revealed he also thinks weekends were a mistake. From a report: Speaking on Indian TV channel CNBC-TV18 at the Global Leadership Summit in Mumbai last week Murthy once again declared he did not "believe in work-life balance." "I have not changed my view; I will take this with me to my grave," he asserted . The argument from Murthy, and like-minded colleagues he quotes, is that India is a poor country that has work to do improving itself. Work-life balance can wait. The Infosys founder held prime minister Narendra Modi and his cabinet up as an example of proper workaholics, claiming the PM toils for 100 hours a week, and suggested that not following suit demonstrates a lack of appreciation. "Frankly I was a little bit disappointed in 1986 when we moved from a six-day week to a five-day week," he added. "I was not very happy with that. I think in this country, we have to work very hard because there is no substitute for hard work even if you're the most intelligent guy," he said to an appreciative audience and laughing news anchor Shereen Bhan. Murthy claimed he himself worked six and a half days a week until retirement, typically 14 hours and 10 minutes a day, clocking on at 6:20 AM before downing tools at 8:30 PM.

Read more of this story at Slashdot.

"Amazon is making it harder for disabled employees to get permission to work from home," reports Bloomberg, a move they say shows Amazon's "determination" to enforce a five-days-a-week return to the office. The company recently told employees with disabilities that it was implementing a more rigorous vetting process, both for new requests to work from home and applications to extend existing arrangements. Affected workers must submit to a "multilevel leader review" and could be required to return to the office for monthlong trials to determine if accommodations meet their needs... Affected employees are receiving calls from "accommodation consultants" who explain how the new policy works. They review medical documentation and discuss how effective working from home has been for employees who've already received an accommodation as well as any previous attempts to help the person work in the office. If the consultant agrees that the person should be allowed to work from home, another Amazon manager must sign off. If they don't, the request goes to a third manager... Some workers fear the process was designed to make requests less likely to be approved, two employees said. In internal chat rooms, according to one of them, employees have accused [Chief Executive Officer Andy] Jassy of hypocrisy because the bureaucratic process belies his stated determination to cut through red tape that he says is slowing Amazon down. "Jassy says the return-to-office requirement will strengthen the company's culture, which he believes has suffered since the pandemic and become overly bureaucratic," the article points out. But it adds that down at the workforce level, the move "is seen by some employees as a way to get people to quit and shrink the workforce."

Read more of this story at Slashdot.

Dans un quart des couples français, la femme gagne davantage que l’homme. Des foyers plus exposés au «risque» de séparation, selon une récente étude. En cause ? La difficulté à parler d’argent entre conjoints, un sentiment d’infériorité de celui qui touche le plus petit salaire, et sans doute, le poids des normes de genre.

© Getty Images

Chegg, the online education company, is laying off 319 workers as it struggles to compete against modern AI chatbots. SFGATE reports: Chegg announced the new layoff round, which will hit 21% of its workforce, in a filing with the Securities and Exchange Commission on Tuesday. The company delivered the news alongside another brutal quarterly financial report; Chegg lost more than $212 million from July through September. CEO Nathan Schultz, in prepared remarks accompanying the report, expressed some optimism but called it a "trying time" for his company. Chegg provides grammar and plagiarism checkers, plus course-by-course study help, along with much-used textbook solution guides. "Technology shifts have created headwinds for our industry and Chegg's business specifically," Schultz said. "Recent advancements in the AI search experience and the adoption of free and paid generative AI services by students, have resulted in challenges for Chegg. These factors are adversely affecting our business outlook and are requiring us to refocus and adjust the size of our business." He specifically called out Google's AI overviews, a recent change to search results that pulls information from news outlets and sites like Chegg and summarizes above the classic blue links. Schultz said that his team believes Google is "shifting from being a search origination point to the destination" in an attempt to keep market share. Schultz also blamed generative AI chatbots like OpenAI's ChatGPT, saying that students see the tool and others like it as "strong alternatives" to Chegg. Web traffic has dropped sharply as a result, Schultz wrote. A Wall Street Journal story published Saturday said Chegg "is trying to avoid becoming [ChatGPT's] first major victim" and that the company had lost more than 500,000 subscribers, some who paid almost $20 a month, since the chatbot's 2022 launch. Despite the negative business impact, it seems Chegg is experimenting with new tech. Schultz said in the remarks that the company had formed an "arena" to evaluate AI models and aims to "integrate AI into the full learning journey."

Read more of this story at Slashdot.

An anonymous reader quotes a report from CNN: Europe's biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading. The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as early as 2022, after acquiring it in 2020 in a $7.3 billion deal amid a pandemic-driven boom in delivery services -- a process that was hampered by slowing growth, high taxes and a question of fee caps in New York City. "Just Eat Takeaway is at last putting an end to its disastrous U.S. journey," Bryan Garnier analyst Clement Genelot said, noting the group had destroyed more than $7 billion in shareholder value there. Grubhub's enterprise value of $650 million includes $500 million of senior notes and $150 million cash, Wonder said in a statement. Wonder is a food-delivery startup led by former Walmart executive Marc Lore.

Read more of this story at Slashdot.

Server maker Super Micro Computer is facing mounting challenges after EY resigned as its auditor on October 24, citing concerns about management's integrity and ethical values. EY's departure came just months after replacing Deloitte & Touche, which had audited Super Micro for two decades through June 2023. The resignation raises questions about potential issues Deloitte may have missed. Super Micro has appointed a special committee and hired legal and forensic accounting firms to investigate, though details remain undisclosed. The company faces a November 16 deadline to submit a compliance plan to Nasdaq regarding delayed financial reports. A former employee's lawsuit alleges improper revenue recognition between 2020-2022 under Deloitte's watch, prompting a Justice Department investigation. WSJ adds: Persuading another major audit firm to sign on under the current circumstances would be an impressive feat. EY in its resignation letter said it was "unwilling to be associated with the financial statements prepared by management." Why would any other auditor feel differently?

Read more of this story at Slashdot.

Brazilian officials are scrambling to control a gambling boom that has led some citizens to take out loans with interest rates as high as 438% to fund their betting habits, sparking concerns about household debt levels. The surge in online betting has doubled Brazil's gambling population to 52 million in six months, with the central bank estimating monthly gambling spending between 18-21 billion reais ($3.1-3.6 billion) through August 2024. Central Bank President Roberto Campos Neto said lower-income families are disproportionately affected, with 20% of government social program payments in August directed to online gambling sites. The Finance Ministry has accelerated regulatory measures, requiring over 100 betting companies to submit operating paperwork ahead of schedule. New rules starting January 1 will allow authorities to limit bet amounts, block payment systems, and monitor for money laundering. President Luiz Inacio Lula da Silva recently raised concerns at the UN about gambling's impact on Brazil's poorest citizens, while officials are moving to ban credit card use for betting and restrict gambling advertisements.

Read more of this story at Slashdot.

Major retailers are considering embedding radio-emitting threads into clothing as a novel anti-theft measure amid soaring retail crime rates, according to Bloomberg, citing industry sources. The technology, developed by Spanish firm Myruns, uses conductive ink derived from cellulose to create threads five times thinner than human hair that can trigger security alarms. Zara owner Inditex has discussed implementing the system, though the company says it has no plans for in-store testing. Retail theft caused an estimated $73 billion in lost sales in the U.S. in 2022, according to the National Retail Federation, while UK losses doubled to $4.2 billion in 2023. The crisis has prompted retailers to increase security personnel and surveillance systems. The threadlike technology could provide an alternative to traditional metal-based security tags, potentially offering biodegradable and recyclable anti-theft protection.

Read more of this story at Slashdot.

ENQUÊTE - Au hasard d’une conversation ou de documents oubliés dans la photocopieuse, elles ont découvert le salaire de leurs collègues et sont tombées de haut. Comment rectifier le tir, renégocier et retrouver confiance en ses managers ?

© Getty Images

Sorti en accès anticipé en février dernier, Nightingale promettait un jeu de survie coopératif dans un univers original. En effet, on devait naviguer de monde en monde, dans un univers victorien avec des pouvoirs magiques. Si l’esthétique semblait pas mal en vidéo lors des présentations, il s’est avéré que le jeu n’était finalement pas si beau une fois clavier/souris en main, trahissant une utilisation maladroite d’assets d’Unreal Engine 5. D’autre part, il était buggé et sans intérêt, car finalement beaucoup trop convenu et sans originalité. Assez logiquement, les joueurs ont trouvé ça nul et ont rapidement déserté les serveurs.

La semaine dernière, nos confrères de Gameindustry.biz rapportaient que le studio Inflexion Games, en charge du développement, se séparait de plus de la moitié de ses développeurs, soit 65 personnes, et fermant notamment sa branche britannique. Cela n’étonnera personne, mais le peu d’engouement pour le jeu ne permettait pas au studio de conserver autant de salariés. Rendez-vous compte : pendant plus de quatre ans, ils ont payé plus d’une centaine de développeurs sur un projet complètement osef, avec pour seule originalité sa direction artistique, qui finalement n’était pas si réussie. Qui aurait pu prévoir ?

Si vous êtes curieux, et que vous voulez voir pourquoi les notes sont moins catastrophiques qu’au lancement, l’accès anticipé de Nightingale est toujours proposé à 29 € sur Steam.

Malwarebytes, in a blog post: We've acquired AzireVPN, a privacy-focused VPN provider based in Sweden. I wanted to share with you our intentions behind this exciting step, and what this means for our existing users and the family of solutions they rely on to keep them private and secure. Malwarebytes has long been an advocate for user privacy (think Malwarebytes Privacy VPN and our free web extension Malwarebytes Browser Guard). Now, we're leaning even more on our mission to reimagine consumer cybersecurity to protect devices and data, no matter where users are located, how they work and play, or the size of their wallet. With AzireVPN's infrastructure and intellectual property, Malwarebytes is poised to develop more advanced VPN technologies and features, offering increased flexibility and enhanced security for our users.

Read more of this story at Slashdot.

Taiwan should pour more resources into advancing chip technology and expanding its supply chain expertise to maintain global leadership, an executive from its most valuable company said hours after Donald Trump was elected to be US president for the second time. From a report: "We should accelerate research and development to ensure our standing as an indispensable member of the global semiconductor supply chain," Taiwan Semiconductor Manufacturing Co. Senior Vice President Cliff Hou said in remarks delivered in his role as chairman of the Taiwan Semiconductor Industry Association on Thursday. "We are also working with the government to see whether we can attract foreign partners to set up design and materials centers in Taiwan." The self-governing island, home to the world's biggest contract chipmaker, TSMC, lives with the constant threat of invasion by China, which considers it a breakaway territory. The imminent change in US leadership may alter its standing in global affairs. While President Joe Biden has repeatedly voiced unequivocal support for Taiwan, Trump said the island should pay the US for defending it, calling Xi Jinping "a very good friend of mine until Covid" in an interview with Bloomberg. Hou, a 27-year TSMC veteran who obtained his doctorate in the US, added that Taiwan must also aim to develop more expertise in equipment and materials, areas that are dominated by foreign businesses. Meanwhile, the close relationship Taiwan and the US have forged over the past few decades will not be affected by the election's outcome, the executive told reporters separately on the sidelines of his trade group's event in Hsinchu. [...] In October, Trump told podcast host Joe Rogan that Taiwan took away US semiconductor business and jobs. "These chip companies, they stole 95% of our business. It's in Taiwan right now. They do a great job, but that's only because we have stupid politicians," Trump said as part of a lengthy interview where he also stated he protected Taiwan from China during his first stint as president.

Read more of this story at Slashdot.

A six-month German pilot of a four-day workweek across 45 companies demonstrated that most employees experienced reduced stress and maintained productivity, with some companies adopting optimized processes and digital tools to enhance efficiency. The report says 70% of the firms plan to continue the model. DW News reports: Earlier this year, some 45 German firms launched a 4-day workweek project to find out if such a fundamental change to how we work can achieve positive results for employers and employees. For six months, and closely watched by researchers from Munster University in Germany, the volunteer companies allowed their employees to work fewer hours without reducing their salaries. The pilot run was initiated by Berlin-based management consultancy, Intraprenor, in collaboration with the nonprofit organization 4 Day Week Global (4DWG). [...] Julia Backmann, the scientific lead of the pilot study, says employees generally felt better with fewer hours and remained just as productive as they were with a five-day week, and, in some cases, were even more productive. Participants reported significant improvements in mental and physical health, she told DW, and showed less stress and burnout symptoms, as confirmed by data from smartwatches tracking daily stress minutes. According to Backmann's findings, two out of three employees reported fewer distractions because processes were optimized. Over half of the companies redesigned their meetings to make them less frequent and shorter, while one in four companies adopted new digital tools to boost efficiency. "The potential of shorter working hours seems to be stifled by complex processes, too many meetings, and low digitalization," said Carsten Meier from Intraprenor. The study has also shown that participants were more physically active during the 4-day workweek, and they slept an average of 38 minutes more per week than those in the five-day control group. However, monthly sick days only dropped slightly, a statistically insignificant difference compared to the same period a year ago. Marika Platz from Munster University, who analyzed the data, said she was surprised at the number of sick days because similar studies in other countries showed a significant reduction. Another surprise, she told DW, was the lack of environmental benefits from reduced working hours during the German test as other countries reported a positive impact from offices that could be shut down completely for one day, and fewer commutes to work that resulted in higher energy savings. The reason for this was probably that some German employees took advantage of the long weekends to travel, she said, which reduced any potential energy savings. Study director Backmann stressed that the study was not about advocating for a blanket rollout of the 4-day workweek across all sectors, but rather exploring "an innovative work-time model and its effects." Carsten Meier from the Intraprenor consultancy added that the positive results of the trial cannot be "automatically translated" into similar gains for every company in Germany.

Read more of this story at Slashdot.

La semaine dernière, nos confrères d’Insider gaming rapportaient les propos d’Andrew Wilson, le CEO d’Electronic Arts lors de la dernière réunion des actionnaires. À une question portant sur les résultats d’Apex Legends, il a révélé qu’Apex Legends 2 n’était pas du tout envisagé, et qu’ils prévoyaient de continuer « à fournir du contenu créatif et innovant » pour tenter d’endiguer la perte de joueurs.

Quelques jours plus tard, on apprenait quelle était l’une des innovations via PC Gamer : Electronic Arts ferme tout accès au jeu depuis Linux, incluant malheureusement les joueurs Steamdeck. Si l’intérêt de jouer à Apex Legends sur une console portable est pour le moins discutable, il n’empêche que cela impacte quelques joueurs. La raison invoquée par les développeurs est que malgré l’infime proportion d’utilisateurs sous Linux, ils ont détecté qu’une partie non négligeable d’exploits et de cheats provenait d’usagers de la plateforme au manchot. D’autre part, dans leur communication officielle, ils indiquent que ces logiciels malveillants passant par Linux sont encore plus difficiles à détecter que ceux sous Windows. Ils expliquent que certains cheats simulent même un changement d’OS pour bénéficier de cette « protection ». On comprend donc que les joueurs légitimes sous Linux, et par extension, sous Steamdeck, sont les victimes collatérales de la lutte contre la triche. Il n’est pas difficile d’imaginer que les efforts à fournir pour protéger l’ensemble des joueurs de cette menace, sont sans doute beaucoup plus coûteux que d’envoyer bouler une partie marginale de leurs clients.

Même si Apex Legends vous en touche une sans faire bouger l’autre, vous pouvez toujours crâner devant les libristes barbus en récupérant le jeu free-to-play depuis sa page Steam.

Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested. Reuters: The controversial plan mandating workers come to Amazon offices every day starting next year, up from three days now, has caused consternation among employees who say it is stricter than other tech companies and will hinder efficiency because of commuting times. Workers who are consistently not in compliance have been told they will be "voluntarily resigning" and locked out of company computers. "A number of people I've seen theorized that the reason we were doing this is, it's a backdoor layoff, or we made some sort of deal with city or cities," said Jassy, according to a transcript of the meeting reviewed by Reuters. "I can tell you both of those are not true. You know, this was not a cost play for us. This is very much about our culture and strengthening our culture," he said.

Read more of this story at Slashdot.