Monday, January 20
The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger
Economy

The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger

President Biden’s top antitrust officials have used novel arguments over the past few years to stop tech giants and other large companies from making deals, a strategy that has had mixed success.But on Friday, when Microsoft closed its blockbuster $69 billion acquisition of the video game publisher Activision Blizzard after beating back a federal government challenge, the message sent by the merger’s completion was incontrovertible: Big Tech can still get bigger.“Big Tech companies will certainly be reading the tea leaves,” said Daniel Crane, a law professor at the University of Michigan. “Smart money says merge now while the merging is good.”Microsoft’s purchase of Activision was the latest deal to move forward after a string of failed challenges to mergers by the Federal Trade Commission...
Kaiser Permanente Reaches Tentative Deal With Health Care Workers
Health

Kaiser Permanente Reaches Tentative Deal With Health Care Workers

Kaiser Permanente reached a tentative deal with more than 75,000 of its health care workers on Friday, one week after a three-day walkout that disrupted appointments and services at many hospitals and clinics, according to an announcement by union officials.The labor dispute was the latest in a series between health care organizations and their employees, many of whom reported feeling exhausted and frustrated by severe staffing shortages after the pandemic.“The frontline health care workers of the Coalition of Kaiser Permanente Unions are excited to have reached a tentative agreement with Kaiser Permanente. We are thankful for the instrumental support of acting U.S. Labor Secretary Julie Su,” union officials announced on X, the site formerly known as Twitter.Kaiser Permanente officials pos...
Israel-Hamas War Live Updates: Latest Gaza News
Recent news

Israel-Hamas War Live Updates: Latest Gaza News

Duaa Abufares, 24, a psychology student from Clifton, N.J., has been anxiously awaiting word from her father, Fares, each day this week. He had gone back to Gaza to visit relatives in early September.Now, Mr. Abufares, who is a U.S. citizen, is sheltering with relatives amid the sounds of nonstop bombing, and calling his five children back in New Jersey during brief periods when he can access electricity. During a video call with them on Thursday, Mr. Abufares, 50, described seeing the bodies of dozens of women and children killed in an airstrike blocks from his family home.“In a second, maybe it’s going to be me and my family,” he said, his voice breaking. Duaa Abufares, left, and Ahmed Abufares have been trying to stay in touch with their father, Fares, in Gaza.Credit...Bryan Anselm for ...
How Microsoft Turned the Tide in Its Regulatory Fight Over Activision
Technology

How Microsoft Turned the Tide in Its Regulatory Fight Over Activision

The first call that Satya Nadella, Microsoft’s chief executive, made in early 2022 after his company announced a $69 billion deal to buy the video game publisher Activision Blizzard was to Kenichiro Yoshida, the chief executive of Sony.Activision made the blockbuster video game Call of Duty, and Sony made the PlayStation game console, which competed with Microsoft’s Xbox. Mr. Nadella knew Sony would be worried that Microsoft might yank Activision’s games from PlayStation.“I just wanted to make it very, very clear to Yoshida-san, who’s someone I have a fantastic relationship with, that there should be no ambiguity in our support for the Sony platform going forward,” Mr. Nadella would later testify in court.The call was a linchpin of Microsoft’s legal strategy to overcome immense government ...
Gil Hodges and the Christmas Visit That Changed Everything
Sports

Gil Hodges and the Christmas Visit That Changed Everything

For 72 years, David Schacker has held on to a tattered black-and-white photograph, now buried deep in a closet at his home near downtown Toronto. A few days ago, shortly after Gil Hodges was elected to the Hall of Fame, he decided to take a fresh look. The image has lost some of its luster but the excitement still shines through: a bright-eyed kid, just one month shy of turning 11, beaming as he shakes hands with a local legend.Hodges came to St. Giles hospital in December 1949 to visit a group of young boys who were recovering from polio. He arrived in a full Santa suit — complete with a beard, a hat and boots — but the disguise didn’t fool anyone. The boys had spent the past few months cooped up inside, huddled around a 12 ½ -inch Stromberg-Carlson television set. When they weren’t going...
Retailers’ Seasonal Hiring Plans Signal a Cooling Labor Market
Economy

Retailers’ Seasonal Hiring Plans Signal a Cooling Labor Market

As the most important selling season for retailers approaches, job applicants may feel a chill.Macy’s and Dick’s Sporting Goods plan to hire fewer seasonal workers after a surge in the past two years, when shoppers thronged to stores after pandemic lockdowns and employers struggled to keep up. Many retailers have dropped the incentives they used over the past few years to bring workers in the doors, such as signing or referral bonuses and steeper employee discounts.The career site Indeed said that searches for seasonal jobs were up 19 percent from last year, but that listed positions were down 6 percent. Companies helping businesses find temporary workers note that major retailers have been slower to release hiring plans this year. And on Indeed, fewer job postings are described as urgent ...