Tag Archives: Billion

A federal judge ruled against the Trump administration late Tuesday night, ordering the government to partially restore science funding to UCLA in a major class action lawsuit filed by researchers from the University of California school system. U.S. District Judge Rita Lin ordered the National Science Foundation to reinstate suspended grants to UCLA, following a hearing on the case over …

US proposes nearly $1 billion in funds for critical minerals, materials  Reuters Energy Department Announces Actions to Secure American Critical Minerals and Materials Supply Chain  Department of Energy (.gov) U.S. gov’t sparks ‘golden era’ for mining with strategic investments and policy shift – Crescat’s Costa  KITCO U.S. mining industry benefiting from bipartisan federal assistance  NPR DOE to deliver $1B for critical mineral projects  E&E News …

New York Attorney General Letitia James is suing the banks behind Zelle over claims that their payment platform enabled “massive amounts of fraud” that caused customers to lose more than $1 billion between 2017 and 2023. In the lawsuit, James alleges Zelle was rushed to market, resulting in a design that made the platform “an obvious conduit for fraudulent activity.” …

Crypto Firm Bullish Soars 84% in Debut After $1.1 Billion IPO  Bloomberg.com Bullish’s Stock Soars in Latest Test for IPO Market  The Wall Street Journal Bullish announces pricing of upsized initial public offering  Bullish Bullish shares pop in NYSE debut  Axios This 39-year-old just became a billionaire after stunning Wall Street debut  The Sydney Morning Herald Source link

GE Appliances to invest over $3 billion in US manufacturing push  Reuters GE Appliances invests $3B in US manufacturing operations  Fox Business Alabama factory ramps up production as part of $3 billion GE investment push  AL.com GE Appliances moving more output from China and some from Mexico to U.S. as part of $3 billion investment  CBS News Everything we know about GE Appliances’ new …

NFL owners debated for several years about opening their league to institutional investors, and if they did, what it might mean for franchise values. The pro-PE crowd finally got its way 12 months ago, albeit with more restrictions than the other major U.S. leagues. The early returns are in, and the move looks like a gold mine for team owners. …

New York sues Zelle, says security lapses led to $1 billion consumer fraud losses  Reuters NY attorney general sues Zelle parent company, alleging the payment service enabled widespread fraud  CNN New York AG James sues Zelle parent company for alleged fraud  CNBC New York claims Zelle’s shoddy security enabled a billion dollars in scams  The Verge New York Attorney General Picks Up Zelle Fraud …

Carolina Hurricanes owner Tom Dundon reportedly reached an agreement to buy the Portland Trail Blazers from the estate of deceased owner Paul Allen, Eben Novy-Williams of Sportico reported Wednesday. Dundon will reportedly pay over $4 billion for the franchise, per ESPN’s Shams Charania. Advertisement Allen, a co-founder of Microsoft, purchased the Trail Blazers for $70 million in 1988. Allen was …

Crypto exchange Bullish valued at nearly $13.2 billion in blowout NYSE debut  Reuters Bullish stock opens at $90, surges more than 200%, giving crypto exchange market cap above $16 billion  Yahoo Finance Bullish shares pop in NYSE debut  Axios Crypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range  CNBC Bullish IPO: CoinDesk Owner’s Stock Triples in Trading Debut  Barron’s …

Gildan to Buy Hanesbrands for $2.2 Billion  The Wall Street Journal Canada’s Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business  CNBC This Underwear Stock Just Soared 30%. It Got a $5 Billion Bid, Says Report.  Barron’s Winston-Salem’s Hanesbrands sold to Gildan Activewear for $4.4 billion total  FOX8 WGHP Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel …