Tag Archives: company

DES MOINES, Iowa (AP) — Iowa’s largest school district said it filed a lawsuit Friday against the consulting company it hired to identify superintendent candidates, alleging the company did not properly vet Ian Roberts, who was arrested by immigration authorities last week. Des Moines Public Schools hired JG Consulting in 2022 to facilitate the leadership search, which led to Roberts’ …

Washington  —  Amazon drone deliveries will resume Friday after being suspended for two days after two Prime Air delivery drones struck a crane in Arizona, resulting in “substantial” damage and a fire. The two MK30 drones crashed into the boom of a crane in Tolleson, Arizona, near Phoenix, Wednesday around 10 a.m., according to the Federal Aviation Administration. No injuries …

OpenAI has sold $6.6 billion in shares held by current and former employees, according to a new report from Bloomberg. The sale pushed OpenAI’s total valuation to $500 billion, the highest ever achieved by a privately held company. Purchasers included SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price, the report said. The sale was not a conventional …

SYDNEY — The Exploration Company, a European startup developing a cargo spacecraft, is still studying what happened in the final phases of a test flight three months ago that resulted in the loss of the spacecraft. The company launched Mission Possible, a test of a reentry capsule, on SpaceX’s Transporter-14 mission in June. The 1,600-kilogram spacecraft survived reentry, but contact …

Instagram head Adam Mosseri posted on his account on Wednesday to dispel the myth that the social networking giant is actively “listening” to its users surreptitiously, in order to target them with relevant ads. The idea that Meta would secretly turn on the microphones on users’ phones to record their conversations is an age-old conspiracy theory — and one that …

BioWare’s future under EA in question, studio veteran warns, if it makes “the kind of games that this new company isn’t interested in making anymore”  Eurogamer Video gamer Electronic Arts to be bought in largest-ever private equity buyout valued at $55 billion  AP News One of the world’s biggest video game companies plans to sell to some of the world’s most powerful …

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is in early talks with AMD to manufacture chips for it in its foundry business, according to a report from Semafor. Intel shares rose as much as 6% on the news at one point during …

The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world’s largest lithium mines in northern Nevada. The Department of Energy will take a 5% equity stake in the miner, which is based in Vancouver. It will also take a 5% stake in the Thacker Pass lithium mining project, a joint …

Nike’s results top expectations, but company warns its recovery ‘will not be linear’  MarketWatch Nike posts surprise sales growth, but warns of sluggish holiday season and bigger than expected tariff hit  CNBC Nike’s Sales Show Improvement; Tariffs Expected to Cost $1.5 Billion  The New York Times Nike’s Trajectory Improves on Better-Than-Expected Sales  Bloomberg.com NIKE, Inc. (NKE): A Bull Case Theory  Yahoo Finance Source link

Electronic Arts, the maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired by an investor group including Saudi Arabia’s sovereign wealth fund in the largest private equity-funded buyout in history. The investors, who also include a firm managed by Jared Kushner, President Donald Trump’s son-in-law, and the private equity firm Silver Lake Partners, valued the …