AT&T says data from around 109 million US customer accounts illegally downloaded

By David Shepardson WASHINGTON (Reuters) -AT&T said Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S. telecom company said the FBI is investigating and at least one person has been arrested after AT&T…

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US court rejects challenges to FCC approval of SpaceX satellites

By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court on Friday upheld the decision of the Federal Communications Commission to approve a SpaceX plan to deploy thousands of Starlink satellites to provide space-based broadband internet service. The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network and…

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JPMorgan beats profit estimates on investment banking boost

By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking and strong capital market activity. More companies are tapping capital markets to raise funds and striking takeover deals as they become confident in the U.S. economy’s ability…

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Southwest Airlines, Archer Aviation to develop operational plans for flying air taxis in California

(Reuters) – Southwest Airlines and Archer Aviation said Friday they have agreed to develop operational plans for electric air taxi networks at California airports where the Texas-based airline operates. The companies said they have signed a memorandum of understanding to collaborate on a concept of operations that lays the foundation for integrated electric air taxi…

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