Anna Edwards

The U.S. Federal Trade Commission has begun notifying more than 37 million people who can now apply to claim a portion of a $245 million settlement with the owner of Fortnite, Epic Games, the agency announced this week.Fortnite, the multiplayer shooter game that allows as many as 100 people to meet on a virtual island and battle it out to be No. 1, has become a cultural phenomenon since it was released about six years ago. It is no secret that the game can bring joy and pain: Top players sometimes score financial wins in tournaments, while obsessions can lead…

The United Automobile Workers strike against the Michigan automakers would seem to be nothing but good news for Tesla, the electric vehicle maker that has upended the industry and stolen customers from Ford Motor, General Motors and Stellantis, which owns Jeep and Ram.Unencumbered by an activist union, Tesla can take advantage of the work stoppages to add to its substantial lead in battery technology and software. As the three established automakers face increases in labor costs and struggle to master electric vehicles, Tesla can twist the knife by lowering car prices because it is much more profitable than most automakers.But…

Rupert Murdoch is retiring from the Fox and News Corporation boards, the company announced Thursday morning, making his son Lachlan the sole executive in charge of the global media empire he built from a small local newspaper concern in Australia starting 70 years ago.The elder Mr. Murdoch will become chairman emeritus of the two companies, the company said in a release.Mr. Murdoch, 92, had shown no intention to step down or even slow down — even after he named Lachlan as the operating heir to his business empire in 2019, when he sold his vast entertainment holdings to the Walt…

Negotiations between each of the three large U.S. automakers and the United Auto Workers union remain far from being resolved, but one of the companies — Ford Motor — has averted a second strike in Canada.Late on Tuesday, the company reached a tentative labor agreement with Unifor, Canada’s main auto union. The deal was announced minutes before an 11:59 p.m. deadline set by the union for a strike by its 5,600 members at Ford.Neither side disclosed the terms of the agreement, but Unifor said the company had made a “substantive offer.”“We believe that this agreement will solidify the foundations on…