Kiran Tom Sajan

Latest from Kiran Tom Sajan

GM Faces Class Action Lawsuit Over Faulty Transmissions In Around 800,000 Vehicles

The decision allows drivers to sue over alleged issues with automatic transmissions installed in Cadillac, Chevrolet, and GMC vehicles.

CrowdStrike Estimates $60 Million Sales Blow After Global Software Update Failure

Despite the setback, CrowdStrike's executives expressed optimism about recovering the lost deals by the end of the company's fiscal year in January 2025.

Apple Cuts Workforce In Services Division As Part Of Strategic Realignment

The layoffs primarily impacted engineering positions, with the most significant reductions in the team responsible for the Apple Books app and Apple Bookstore.

Path Cleared For Skydance Media's Paramount Takeover As Edgar Bronfman Exits Bid

Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.

Oil Prices High As Israel-Hezbollah Conflict Escalates

Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.

Edgar Bronfman Raises Bid To Acquire Paramount Global As 'Go Shop' Period Extended: Reports

Bronfman's latest offer includes $3.2 billion in funds that could be used to reduce Paramount's debt or to buy non-voting shares from investors.

Warner Bros. Eyes $8.5Bn Investment In Nevada If Film Tax Credit Is Expanded

Warner Bros. Discovery has pledged an annual investment of $500 million toward film productions over the next 17 years.

US Dollar Drops Amid Expectations Of Dovish Fed Release

The release of the Fed minutes on Wednesday and Chair Jerome Powell's speech on Friday are expected to be key in influencing markets throughout the week.

Pro-Trump Super PAC Launches $100M Ad Campaign Ahead Of Labor Day

MAGA Inc., the primary super PAC aligned with Trump, revealed its plans in a memo addressed to "Interested Parties" on Monday.

Kamala Harris Returns To San Francisco, Raises Over $12M At Star-Studded Event

The funds raised will likely be directed toward campaign efforts in crucial battleground states.

Paramount Global To Cut 15% Of US Staff, Take $6B Write-Down Ahead Of Skydance Merger

The decision will affect around 2,000 employees over the coming weeks.

Delta Sued By Passengers For Mishandled Refunds After CrowdStrike Outage

Plaintiffs allege Delta refused automatic refunds for canceled flights and offered partial reimbursements only if passengers waived legal claims.

Disney To Hike Streaming Prices Of Disney+, Hulu, ESPN+ In October

The new pricing structure will see most plans rise by $1 to $2 per month, with the most expensive Hulu plans, which include live TV, increasing by $6 monthly.

Tropical Storm Debby Advances Into Georgia, At Least Four Dead In Florida

The storm has already unleashed heavy rainfall across northern Florida, resulting in four deaths, severe river flooding, and numerous water rescues.

CrowdStrike Faces Shareholder Lawsuit Over Global Outage

The lawsuit alleges that CrowdStrike's assurances about its technology were materially false and misleading.

US Safety Regulator Holds Amazon Accountable For Selling Faulty Third-Party Products

The commission ruled that Amazon, by acting as a distributor for these third-party goods, bears responsibility for ensuring consumer safety.

Singapore's Temasek To Invest $30B In US Over Next Five Years, Remains Cautious On China

The investment comes following the U.S. economy's robust performance, which outpaced global peers in the second quarter

Southwest Airlines Abandons Decades-Old Open Seating Policy As Part of Sweeping Changes

The move comes as the airline faces mounting investor pressure to improve financial performance and bolster its share price.

Global IT Outage Hit 1 In 4 Fortune 500 Companies, Losses Pegged At $5.4 Billion

The average loss per affected company was approximately $43.6 million, with the healthcare sector suffering the most.

Elon Musk Proposes $5B Tesla Investment In xAI Via Informal Poll On Social Media

Musk shared the poll following Tesla's second-quarter earnings call.

Kamala Harris Secures Enough Delegates For Democratic Nomination, Raises $81M

With no significant challengers, the primary question remaining for the 2024 Democratic ticket is Harris's choice for a running mate.

Trump Not To Oust Fed Chair Powell, Eyes JPMorgan's Dimon For Treasury Secretary

In an interview with Bloomberg, Trump says he would consider JPMorgan CEO Jamie Dimon for the position of treasury secretary

Alphabet Eyes $23B Acquisition Of Cybersecurity Startup Wiz Amid Regulatory Scrutiny

The transaction, primarily financed in cash, could be finalized soon.

Target Won't Accept Personal Checks At Checkout Counters Starting July 15

Target explained that the decision is part of its commitment to ensuring a smooth and efficient checkout experience.

Record-Breaking Temperatures Sweep US West Coast Amid Heat Wave

This heat dome, mainly centered over California, is an indication of the extreme weather patterns driven by climate change caused by fossil fuels and this trend is expected to continue for decades, according to recent studies.

Wisconsin Supreme Court To Review Challenges To 175-Year-Old Abortion Law

The contested statutes, enacted in 1849, were largely interpreted to prohibit abortions except to save the mother's life.

Warning Issued As California Braces For Prolonged And 'Serious' Heat Wave Over July 4th Weekend

Temperatures will begin to climb Tuesday, intensifying through the Fourth of July weekend.

NASA Awards Elon Musk's SpaceX $843M Contract To Bring ISS Out Of Orbit

SpaceX's new project, named the U.S. Deorbit Vehicle, is designed to deorbit the ISS, ensuring its re-entry into Earth's atmosphere minimizes risks to populated areas.

Latinos face higher risk of floods in the US

Historic Flooding Devastates Iowa, Damaging 2,000 Properties And Leading To Disaster Declarations

The severe weather resulted from a combination of heavy rainfall and overflowing rivers, which inundated downstream communities.

Republicans Criticize Biden's Immigration Reform As Attempt To Sway Election

The Republicans argue that the policy could result in an influx of new Democratic voters before November.