Flutter Entertainment Plc is buying The Stars Group Inc. in a $6 billion all-share deal to create the world’s biggest online gaming group and take advantage of opportunities in the U.S. after the Supreme Court legalized sports betting. The deal allows the owner of gambling brands Paddy Power and Betfair to cut its reliance on Britain, where tighter rules on fixed-odds betting terminals and higher taxes for online betting have upended the industry. The newly…"Stars stock leaps 31% on Flutter’s $6 billion bid to create world’s biggest online gambling giant"
The peso ended flat on Wednesday ahead of local inflation data. — BW FILE PHOTO THE PESO inched sideways against the dollar on Wednesday ahead of the release of September inflation data and following a weak manufacturing report out of the United States. The local unit ended at P51.94 against the greenback on Wednesday, inching down by a centavo from its P51.93-per-dollar close on Tuesday. The peso started the session at P51.92 per dollar. It…"Peso inches sideways ahead of inflation data"
This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. Typically my columns in this space focus on China’s commercial technology: the wonders of WeChat, the triumphs of Taobao, the hubbub about Huawei. But on Tuesday, China marked the 70th anniversary of the founding of the People’s Republic with an elaborately choreographed weapons parade that offered a rare glimpse…"China’s High-Tech Progress Isn’t All Peaceful—Data Sheet"
Twitter Inc was apparently back up on Wednesday after a worldwide outage hit the microblogging platform’s website and its dashboard management platform TweetDeck, affecting thousands of users. Several users were currently able to log in to access Twitter and TweetDeck. The company did not release an official statement on the status update of the outage. Earlier, outage monitoring website Outage.report had received more than 4,000 reports of the incident globally, including Japan, Canada and India.…"Twitter, TweetDeck suffer global outage; thousands impacted"
A big problem with passwords is that people use the same one over and over. This means that hackers who steal a password for one website—like for a hotel reward program—can often use it in many other places—such as to unlock their bank account. As a result, compromised passwords can turn into a skeleton key for hackers break into many parts of a victim’s digital life. To reduce this risk, Google is rolling out a…"Google’s New Password Security Tool Flags Compromised Websites"
Flutter Entertainment Plc is buying The Stars Group Inc. in a $6 billion all-share deal to create the world’s biggest online gaming group and take advantage of opportunities in the U.S. after the Supreme Court legalized sports betting. The deal allows the owner of gambling brands Paddy Power and Betfair to cut its reliance on Britain, where tighter rules on fixed-odds betting terminals and higher taxes for online betting have upended the industry. The newly…"Paddy Power owner to buy Canada’s Stars for $6 billion to create world’s biggest online gambling company"
WeWork is keen to break with its past reputation for tequila-soaked partying. That doesn’t mean all celebrating is off the table. We Co., WeWork’s parent, is planning to host a launch party for its new European headquarters in London’s Waterloo district, according to people with knowledge of the event. About 500 WeWork staff are invited to mark the opening of what the company bills as the largest co-working space in the world, said the people,…"WeWork Is Hosting a Party After Its IPO Collapse. It Would Prefer That You Didn’t Notice"
Simon Property Group, a top U.S. developer of shopping centers, and digital commerce pioneer Rue Gilt Groupe, the owner of Rue La La and Gilt, are jointly building up an e-commerce marketplace that will cater to outlet mall shoppers, the companies said on Wednesday. In addition, Simon is taking a 50% stake in a new entity encompassing Rue Gilt and that website for $280 million. The joint venture will propel e-commerce outlet shopping to a…"Mall Developer Simon Takes 50% Stake in Rue Gilt And Launches Online Outlet Marketplace"
Hewlett Packard Enterprise’s Antonio Neri is one of those rare Fortune 500 CEOs who can say he has held almost every job in his company. The son of an Italian homebuilder, Neri got his first job at Hewlett Packard in 1995 working in a customer call center in Amsterdam. He went on to have jobs in the printing unit, he ran services in the computer division, he led servers and networking businesses, and in 2017…"HPE CEO’s Leadership Advice: ‘Aspire to Be Something Bigger’"
In the spring of 2002, I was lunching with Charlie Scharf in the dining room of Bank One’s Chicago headquarters while reporting a story on Jamie Dimon’s comeback in reviving the ailing midwestern lender, following his famous firing by Sandy Weill at Citigroup. Scharf, then 37, was a rising star at Citigroup as CFO of its Corporate and Investment Bank when he took a flyer by joining Dimon to spearhead a salvage operation at a…"Wells Fargo’s New CEO Charlie Scharf Spent 25 Years Learning From Jamie Dimon—Now He’s Taking Him On"