The Commerce Department indicated that the federal government is on track to dole out millions of dollars to seven companies to fund technology development but will require the businesses to fork over equity in exchange for the money. “The Department of Commerce today announced the signing of 7 letters of…

Netflix has been sued for allegedly losing an unencrypted copy of a $45 million Nicolas Cage thriller that took seven years to produce, exposing the unreleased film to potential piracy and leaks. The lawsuit, which seeks $105 million in damages, was filed by Op-Fortitude Ltd. and its owner, Swiss film…

Carpenter Technology CEO Brian Malloy died suddenly just weeks after taking the helm of the specialty materials manufacturer, the company announced Monday. Malloy, who became president and CEO July 1, died “suddenly and unexpectedly” Friday, July 24, according to a news release from the Philadelphia-based company. A cause of death was…

Chipotle CEO Scott Boatwright said Wednesday the fast-casual chain is seeing improvement in customers’ perceptions of affordability. Speaking on Chipotle’s second-quarter earnings call, Boatwright said the company’s brand tracking showed improved perceptions of value across “all income groups and age cohorts.””As it relates to value, I’m happy to report our…

Ocoopa Direct is recalling about 1.5 million rechargeable hand warmers following hundreds of burn injuries and one reported death. The lithium-ion batteries in the recalled products can overheat and catch fire, posing a risk of “serious injury or death from fire and burn hazards,” according to a notice Thursday from…

More than 120,000 refrigerators are being recalled over a fire and burn hazard after federal regulators received 34 reports of fires, including one that reportedly resulted in a death. About 121,680 Galanz Retro Refrigerators are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced on Thursday.”The recalled…

Anthropic announced Thursday that three of its artificial intelligence models accessed the open internet during cybersecurity testing and gained unauthorized access to the systems of three real organizations. The disclosure follows OpenAI’s announcement earlier this month that one of its advanced AI models breached the systems of AI company Hugging…

Publix is recalling all lots of its GreenWise Organic Whole Blueberries and Whole Mixed Berries sold in eight states over concerns they may be contaminated with E. coli, expanding an earlier recall tied to a single lot of frozen blueberries. The Lakeland, Florida-based grocery chain said Wednesday it is voluntarily…

CUPERTINO, Calif. – Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts’ estimates of $108.65 billion in the company’s final earnings report before CEO Tim Cook steps down. A 22% jump in iPhone sales, combined with record spring quarter Mac revenue, helped drive…

CUPERTINO, Calif. – Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts’ estimates of $108.65 billion in the company’s final earnings report before CEO Tim Cook steps down. A 22% jump in iPhone sales, combined with record spring quarter Mac revenue, helped drive…