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Microsoft, regulators tangle in court over fate of $69 billion deal that could reshape video gaming

Published Wed, 26 Feb 2025 01:41:10 GMT

SAN FRANCISCO (AP) — Federal regulators on Thursday launched a legal attack on Microsoft’s proposed $69 billion takeover of video game maker Activision Blizzard by depicting it as an anticompetitive weapon while Microsoft hailed the deal as a way to make popular games such as Call of Duty more widely available at cheaper prices.Those were the dramatically contrasting pictures drawn by lawyers arguing before U.S. District Judge Jacqueline Scott Corley on the first of five days of scheduled hearings in San Francisco that are likely to make or break what would be the most expensive acquisition in technology history. The U.S. Federal Trade Commission is trying to persuade Corley to issue an order that would prevent the takeover from being consummated before a more extensive administrative trial begins August 2 in Washington. Meanwhile Microsoft is fighting to close the deal ahead of a July 18 deadline that would require paying a $3 billion breakup fee to Activision.Microsoft struc...

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Published Wed, 26 Feb 2025 01:41:10 GMT

LOS ANGELES (AP) — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market.Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, the National Association of Realtors said Thursday. That’s slightly above what economists were expecting, according to FactSet.Sales sank 20.4% compared with May last year. That marks 10 consecutive months of annual sales declines of 20% or more. The annual drop was steepest in markets across the West and Northeast, where sales slumped more than 25%. The national median home price fell 3.1% from May last year to $396,100, the NAR said. The year-over-year decline is the biggest since December 2011, when the housing market was still on the mend following the mid-2000s housing bust.The latest housing market figures are more evidence t...

WATCH LIVE | U.S. Coast Guard update on mission sub — they say debris field has been found near the Titanic during search for submersible

Published Wed, 26 Feb 2025 01:41:10 GMT

The search for a missing submersible with five people aboard took a bleak turn Thursday when the U.S. Coast Guard said a debris field was found at the bottom of the ocean near the Titanic, and the critical 96-hour mark passed when breathable air could have run out.The Coast Guard’s post on Twitter gave no details, such as whether officials believe the debris is connected to the Titan, which was on an expedition to view the wreckage of the Titanic. It said the debris was discovered within the search area by a remotely operated underwater robot, and was being evaluated. The Titan was estimated to have about a four-day supply of breathable air when it launched Sunday morning in the North Atlantic — but experts have emphasized that was an imprecise approximation to begin with and could be extended if passengers have taken measures to conserve breathable air. And it’s not known if they survived since the sub’s disappearance.Rescuers have...

Mother instructed 14-year-old son to shoot, kill man at hot dog stand, court docs allege

Published Wed, 26 Feb 2025 01:41:10 GMT

CHICAGO — A woman and her 14-year-old son have been charged following a fatal shooting at a hot dog stand Sunday where she allegedly instructed her son to shoot and kill a man.Carlisha Hood, who is a valid FOID and CCL holder, is facing a felony count of murder and another count of contributing to the delinquency of a minor. Her 14-year-old son is facing a felony count of murder. 2 charged after Northwest Indiana man found beaten to death near fishing area According to police, the pair were arrested Wednesday in the 700 block of West 111th Street after being identified as the individuals who were involved in the fatal shooting of a 32-year-old man at Maxwell Street Express, located in the 11600 block of South Halsted Street, just after 11 p.m. Sunday.According to court documents, Hood entered Maxwell Street Express to get food while her son waited in the car outside. Shortly after, the 32-year-old man entered the restaurant and argument ensued between Hood him, court documents st...

Biden promotes human rights as Modi says 'absolutely no space for discrimination' during state visit

Published Wed, 26 Feb 2025 01:41:10 GMT

WASHINGTON (AP) — President Joe Biden emphasized the power of democracies on Thursday as he hosted Indian Prime Minister Narendra Modi at the White House, boasting of the collaborations between the two nations on “nearly every human endeavor” while stressing that universal human rights remain vital to the success of both the U.S. and India. In a news conference Thursday, Biden called the relationship between the U.S. and India “among the most consequential in the world, that is stronger, closer and more dynamic than at any time in history.” He underscored how two of the world's most powerful democracies were cooperating on issues such as the climate, health care and space, saying that the U.S-India economic relationship was “booming.” “On the issues that matter most that will define the future, our nations look to one another including on critical regional and global issues,” Biden said in his opening remarks. But standing alongside Modi, who has come under criticism from human righ...

Sub pilot's spouse has family link to Titanic: report

Published Wed, 26 Feb 2025 01:41:10 GMT

(NewsNation) —The wife of the CEO of OceanGate, who was also the man piloting the submersible that went missing, is a descendant of two passengers of the Titanic, according to a report in The New York Times citing archival records.Wendy Rush is the wife of Stockton Rush, who was piloting the submersible that went missing in the Atlantic Ocean during a dive to the Titanic wreckage.The New York Times report revealed that Wendy Rush is a descendant of Isidor and Ida Straus, two first-class passengers who tragically died when the Titanic sank in 1912. Coast Guard says 'debris field' discovered near Titanic Isidor Straus was a co-owner of Macy's department store, and their story of refusing to separate during the disaster became well-known, The New York Times noted.According to the report, Isidor and Ida Straus are remembered for their tragic love story. Isidor refused a seat on a lifeboat to stay with his wife, and they were last seen together on the Titanic's deck. Their story was f...

A Chicago native expected to be picked in Thursday's NBA Draft

Published Wed, 26 Feb 2025 01:41:10 GMT

CHICAGO — A player who started his basketball journey in Chicago is likely to have his name called at the Barclays Center in Brooklyn on Thursday night. That's guard Amari Bailey, who started his journey in basketball in the city, played at the prep level in California and for one season in college at UCLA. Per a number of projections, it's expected that he'll be picked sometime in the early-to-mid second round of the NBA Draft. The selections will begin at 6:30 p.m. central time. Bailey was born in New Orleans but spent a lot of his youth in Chicago, playing basketball in elementary and middle school in the city. He was featured on the one season of "Bringing Up Ballers" on Lifetime with his mother Johanna Leia. For high school, however, Bailey decides to go to Sierra Canyon School in Los Angeles, where he played for four seasons. His efforts at the prep level earned him a selection to the 2022 McDonald's All-American Game, which was played at Wintrust Arena on March 29 of that yea...

Hundreds of layoffs coming to the Austin area this summer

Published Wed, 26 Feb 2025 01:41:10 GMT

Austin (KXAN) — A WARN notice alert issued this week by the Texas Workforce Commission said that more than 400 employees would be laid off from companies in Austin and Bastrop by mid-August.The alert said Accenture Austin, Neilsen and Bainbridge, LLC, and Southeast Service Corporation (Bastrop Independent School District) would collectively cut 425 workers from their ranks this summer.For Accenture, this comes after a large round of layoffs earlier in the year. This past spring, the company planned to lay off up to 549 employees in the coming months.The Ireland-based company works with large tech companies, the Austin Business Journal reported in May. These layoffs were linked to reducing roles at Facebook. MORE: Accenture to lay off hundreds locally in coming months at Facebook site Kelly Moreno, chief solutions officer with Workforce Solutions Capital Area, says despite the Austin-area's thriving variety of industries layoffs still happen for one reason or another.She encouraged...

DEC responds to intentional dumping at deceased person's property

Published Wed, 26 Feb 2025 01:41:10 GMT

CHARLESTON, N.Y. (NEWS10) -- The Department of Environmental Conservation has announced the results of a waste disposal case in Montgomery County. According to the DEC, Environmental Conservation Officer Willson launched an investigation into the illegal dumping of garbage onto private property in November 2022. Get the latest, news, weather, sports and community events delivered right to your inbox! The property belonged to a resident who had recently passed away. Garbage, including plastic storage containers, old tarps, and a refrigerator, were all dumped at the site.ECOs found information in the garbage that traced back to a Schoharie County resident living in Esperance. ECOs located and interviewed the suspect, who confessed to dumping the garbage. The suspect admitted they knew the property owner had passed away. NYSP issues 21K tickets during speeding enforcement Officers gave the man a ticket for illegally disposing of solid waste but gave him a chance to clean up the was...

Freedom Fest returning to Troy

Published Wed, 26 Feb 2025 01:41:10 GMT

TROY, N.Y. (NEWS10) -- The Sanctuary for Independent Media announced they will be hosting the return of Freedom Fest in Troy. The event is scheduled for June 24 . Get the latest, news, weather, sports and community events delivered right to your inbox! The outdoor summer festival will celebrate 50 years of hip hop music and culture, featuring performances from Victory Soul Orchestra and special guest Und3rstanding. The event will also offer activities such as a beat making station with Jae Joseph, art and gardening projects, a community resource fair, face painting and refreshments.Freedom Fest will run from 2 p.m. to 5 p.m. and will be held at Freedom Square, located at 35 5th Avenue in Troy. The event is free and open to all ages.