Tag: million
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BetMGM Q3 revenue rises, maintains annual outlook
Oct 13 : US online gambling operator BetMGM on Tuesday reported a 7 per cent rise in third-quarter revenue, driven by strong betting during the World Cup and a revamped sportsbook ahead of the NFL season. • Shares of Ladbrokes-owner Entain rose 4 per cent after the update from BetMGM, a joint venture betw
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Character.AI files for bankruptcy, agrees to sell some assets for $20 million
Oct 12 : Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million.Here are some details about the bankruptcy and sale proceedings:• Character.AI said it has begun the formal process to sell assets, including a l
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Nobel Prize in Economics goes to pair of US economists
The pair got the Nobel for developing economic models that help governments and central banks respond more effectively to booms and recessions.
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IMF reaches staff-level deal with Papua New Guinea, potentially unlocking about $189 million
Oct 6 : The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Papua New Guinea on reviews of its funding facilities, potentially unlocking up to $189 million once approved by the fund’s executive board.• IMF staff and Papua New Guinea reached a staff-level agreement on
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Oil prices stable as market weighs supply risks, rising Middle East exports
NEW YORK, Oct 6 : Oil prices were steady on Tuesday after recovering earlier losses, as the market weighed increases in Middle Eastern crude exports and a planned Group of Seven release of emergency diesel and crude stockpiles against supply concerns related to attacks by the Iran-backed Houthis in Yemen.Bre
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Micron enters $600 million settlement of Netlist patent dispute
Oct 6 : Computer-memory company Netlist announced on Tuesday that Micron would pay $600 million to settle a patent dispute over Micron’s memory chips.• Netlist said in a statement that Micron would pay $30 million per quarter for a five-year license to Netlist’s patent portfolio that includes its “high ban
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Two men fined more than S$3.34 million each for evading tax on over 4.5 million litres of diesel from Malaysia
SINGAPORE: Two Singaporean men were fined S$3.34 million (US$2.61 million) each for their roles in a scheme to import more than 4.5 million litres of automotive diesel from Malaysia into Singapore without the required declarations.The scheme resulted in the evasion of duty and Goods and Services Tax (GST), Si
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Exclusive-Anthropic’s Amodei made $18 million last year, middle of the tech CEO pack
NEW YORK/BOSTON, October 6 : Dario Amodei made $18 million last year as CEO of Claude AI developer Anthropic, the company’s IPO filing shows, putting him in the middle ranks of top executives at major technology firms in terms of compensation.Anthropic is preparing for an IPO as early as this fall that could
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Trump says taxpayers will no longer fund ads touting administration
Trump faced criticism from across the political divide after at least $1.5 million in federal funds was spent on TV ads. He says his MAGA Inc. super PAC will pay for future ads.
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Trump says taxpayers will no longer fund controversial TV ads after backlash
Trump faced criticism from across the political divide after at least $1.5 million in federal funds was spent on TV ads. He says his MAGA Inc. super PAC will pay for future ads.
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