Meta's Oversight Board Criticizes VIP User Program 

Meta Platforms has long given unfair deference to VIP users of its Facebook and Instagram services under a program called "cross check" and has misled the public about the program, the company's oversight board said in a report.

Facebook Threatens to Pull News From Platform if Bill Passes Congress 

Journalism Competition and Preservation Act is meant to help publishers team up to negotiate payments from tech companies.

Google Faces Pressure in Hong Kong Over Search Results for National Anthem 

Google is under fire from officials and legislators in Hong Kong over a pro-democracy song showing up in search results for the national anthem.

Uber Reaches Settlement With Chicago Over Fees and Restaurant Listings 

Restaurants were listed without their consent and were charged excessive fees, according to a two-year investigation by the city.

California Lawmakers to Consider Penalties on Oil Companies to Fight High Gas Prices 

A draft of the proposal released by Gov. Gavin Newsom laid out a framework that would set an annual maximum profit margin for oil refiners.

TSMC Raises Arizona Chip Investment to $40 Billion as Biden Visits 

The Taiwan company plans second factory at the U.S. site to make advanced semiconductors.

PepsiCo to Cut Hundreds of Jobs in North America 

The layoffs will affect the company's beverage business and its snacks and packaged-foods business, according to people familiar with the matter.

Citi on verge of agreement to get back what it accidentally paid to Revlon's lenders, court filing shows 

Hedge funds are on the verge of reluctantly returning some $500 million that Citigroup accidentally gave to them three years ago, a court filing shows.

Lovell Minnick Seeks $1.5 Billion for Newest Buyout Fund 

Lovell Minnick Partners is seeking a modest increase in size for its newest buyout fund.

Taylor Swift Fans Sue Ticketmaster 

The lawsuit was among the first filed by Ms. Swift's fans since the sale for the 'Eras Tour' sparked broad scrutiny.


(END) Dow Jones Newswires

December 06, 2022 07:00 ET (12:00 GMT)

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