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Chip, software stocks rebound as broader US market keeps bleeding out Chip stocks and software stocks broke ranks with the rest of the technology sector on Friday, bouncing back amid a week long bloodbath for the broader U.S. stock market fueled by fear the COVID-19 epidemic may disrupt manufacturing supply lines.
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China factory activity shrank at its fastest rate on record in February China's official Purchasing Managers' Index (PMI) fell to a record low of 35.7 in February from 50.0 in January. The data highlight the damage from the coronavirus outbreak on the world's second-largest economy. The results suggest deepening cracks in an ...
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$7 Billion For Credit Karma: The Takeaways For Entrepreneurs The M&A wave continues to be robust in the fintech world. The latest deal came this week with Intuit's $7.1 billion purchase of Credit Karma. The CEO and founder of the firm, Kenneth Lin, initially got the idea for his site when he saw the high costs of getting a ...
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Elliott built a stake in Twitter, is pushing for changes: sources NEW YORK (Reuters) - Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc (TWTR.N) and is pushing for changes, including removing the chief executive officer, two people ...
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Virgin Galactic dealmaker seeks to raise $900 million for new blank check companies (Reuters) - Chamath Palihapitiya, the dealmaker behind last year's blockbuster Virgin Galactic deal, is looking to raise a combined $900 million through two new investment vehicles, according to regulatory filings. The investment vehicles are blank check ...
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Biogen, Sangamo Ink Neuro Deal for New "Gene Regulation" Therapies Biogen is opening up its checkbook again to get its hands on innovative approaches to some brain disorders that have proven especially recalcitrant to new types of treatment. The Cambridge, MA-based neuroscience drug developer is paying gene editing ...
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Panera's Coffee Deal Blends Loyalty And Competition To paraphrase Shakespeare, there's nothing new under the sun when it comes to retail. But Panera Bread's coffee subscription program just might come close. The subscription plan was rolled out on Thursday (Feb. 27) and will cost $8.99 per month, ...
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Alaska Airlines offers travel waivers amid coronavirus concerns Alaska Airlines is waiving change fees for new flight bookings through March 12 in response to concerns about coronavirus, the company announced Thursday. In what it's calling the 'peace of mind' waiver, the airline is suspending change and cancellation ...
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Google Employee Who Was at Zurich Office Tests Positive for Coronavirus (Reuters) - An employee of Alphabet Inc's Google, who had been in the Zurich office, has tested positive for coronavirus, the company said on Friday. "The Zurich office, like all other offices, remains open", a Google spokesperson said. The number of ...
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Apple punishes facial recognition company Clearview AI for ignoring developer rules Clearview AI's week keeps getting worse. Apple has suspended the controversial facial recognition company's iOS developer account following a report from Buzzfeed News that Clearview AI was in violation of Apple's Enterprise Developer Program rules.
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JobsOhio says it helped create 22270 jobs statewide last year JobsOhio reports that it assisted in the creation of 22,770 jobs in Ohio in 2019, leading to a total of $1.2 billion in new payroll. Both numbers were down a bit from 2018 for the private nonprofit corporation that leads the state's economic development efforts.
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Yes, VW Is Still Building a Diesel Version of the Eighth-Gen Golf GTI If you are an American and not a commercial truck driver or coal-rolling enthusiast, your experience with diesel-powered vehicles may be limited to a dim memory of a drawn-out scandal in which Volkswagen admitted to building cheats into its diesel cars so ...
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How much does the 2020 Honda CR-V Hybrid cost? Not much The first Honda CR-V Hybrid is hitting showrooms with a bargain-basement price, relatively speaking. (Honda). The compact all-wheel-drive utility vehicle starts at $28,870, which comes in just under the best-selling $29,220 Toyota Rav4 Hybrid and $30,960 ...
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Scammers Create Their Own Political Robocalls to Trick Consumers into Donating Between the political ads and the news coverage, the 2020 presidential election is impossible to ignore. But voters aren't the only ones paying attention. According to recent BBB Scam Tracker reports, scammers are using phony political fundraising calls to ...
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US FDA approves first generic version of $750 Daraprim drug (Reuters) - The U.S. Food and Drug Administration on Friday approved the first generic version of Daraprim, a drug used to treat a disease resulting from a parasite infection. Daraprim came under the spotlight after a company once run by "pharma bro" Martin ...
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Clorox bleach beats 99% of germs — and right now, it's beating 99% of stocks Investors are desperate to grab on to shares of the few companies that could stand to benefit from the coronavirus outbreak. Bloomberg News. Updated: February 28, 2020. Financial Post. 13K subscribers. Subscribe · Coronavirus market mayhem 'wakeup ...
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