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Dominic Rushe Verified

Technology Editor, East Coast, Guardian US — Guardian

@GuardianUS business editor. All opinions are my own, unless they're not. PGP

Coca-Cola says corruption has 'tarnished' the World Cup — Coca-Cola, one of football's biggest sponsors, said Wednesday the allegations of corruption now swirling around Fifa, soccer's governing body, have "tarnished" the reputation of the World Cup. Hours after the justice department accused nine senior current or former Fifa officials of "hijacking" international football to run "a World Cup of fraud" Coca-Cola became the first major sponsor to call for the organisation to put its house in order.

Vox Media to take over tech site ReCode amid digital media shakeup — ReCode, the well-regarded tech news site, announced Tuesday that it is being taken over by Vox Media, the digital media company behind, Eater and the Verge. Founded by former Wall Street Journal staffers Kara Swisher and Walt Mossberg, the site has a history of Silicon Valley scoops and runs a high-profile technology conference.

Columbia in a tangle over links to embattled JP Morgan boss Dimon — Columbia University is facing accusations of a conflict of interest relating to the role of its president in cheerleading for the boss of JP Morgan Chase, one of Columbia's most generous financial backers.

Federal Reserve says June too early to begin raising interest rates — The state of the US's economic economy divided members of the Federal Reserve at their April meeting but they generally agreed that June would be too early to start raising interest rates for the first time since the recession.

Air bag defect to trigger largest auto recall in US history — Japanese air bag manufacturer Takata Corp is expected to declare about 33.8m vehicles defective on Tuesday, a move that is expected to lead to the largest auto recall in US history, the Detroit News reported, citing three officials briefed on the announcement.

Wall Street wolves still on the prowl as survey reveals taste for unethical tactics — The wolf is still on Wall Street. According to a report released on Tuesday a third of financial executives who said they made more than $500,000 annually "have witnessed or have firsthand knowledge of wrongdoing in the workplace". A quarter would conduct insider trading if they were guaranteed $10m - and knew they would get away with it.

RuPaul's Drag Race recap: season seven, episode 12 - And the Rest is Drag — We're all born naked, but only one person (per season) can be America's next drag superstar - so the penultimate episode got pretty shady. And with the two bigger, older glamour queens on one side of the room and the two skinny, pretty-girl millennial queens on the other, the library really was open this week as Kennedy Davenport and Ginger Minj unloaded on Violet Chachki, the clear queen to beat after the last couple of weeks.

RuPaul's Drag Race recap: season seven, episode 11 - Hello, Kitty Girls! — America's Next Drag Superstar needs to know how to brand. Sadly we are not talking with a red-hot poker. No. Branding Hello Kitty-style. The five remaining queens had to make some sort of outfit out of a pile of litter stamped with Japan's favorite pussy while some minion in a Kitty costume looked on and posed disturbingly.

Verizon to buy AOL in $4.4bn deal — US telecoms giant Verizon announced on Tuesday it is buying AOL in a deal worth $4.4bn. The all-cash deal will give Verizon access to AOL's advertising and content businesses such as Huffington Post, MovieFone and TechCrunch as it attempts to build its online video business.

Federal Reserve blames 'transitory factors' for US economic slowdown — "Transitory factors" are to blame for the recent slowdown on the US economy, the Federal Reserve said on Wednesday. In a statement released after the latest two-day meeting the Federal Open Markets Committee (FOMC) the central bank brushed off recent bad news and left open the possibility of raising interest rates, a hike that would be the first in almost a decade.
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