Tag: Business
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Paramount still plans to close WBD merger by end of September despite lawsuit
Paramount is still planning for its acquisition of Warner Bros. Discovery to close by late September despite lawsuit challenge from state attorneys general.
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How to invest in venture capital with the rise of megafunds
Getting access to the big funds, and paying their steep fees, has become more difficult even for some large family offices and ultra-wealthy investors.
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IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning sent IBM’s shares down 26 per cent in early trading on
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Perpetuals.com ends acquisition talks with Trump-linked crypto firm
BOSTON, July 14 : Perpetuals.com, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, according to a press release issued by Perpetuals on Tuesday.“Perpetuals has deci
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Meta used AI to target workers with medical conditions for layoffs, lawsuit claims
July 14 : Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs.The lawsuit, filed in Oakland, California, fe
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German minister warns against unacceptable delays to 10 billion euro satellite project
BERLIN, July 14 : German Defence Minister Boris Pistorius on Tuesday urged timetable and budget discipline for a planned military satellite project valued at 10 billion euros ($11.45 billion), saying delays were unacceptable given current threats to security.”We cannot afford delays in these times,” Pistorius
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Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports
July 14 : Uber Technologies is in advanced talks to acquire German food-delivery company Delivery Hero, Bloomberg News reported on Tuesday, citing people familiar with the matter.The ride-hailing company aims to reach an agreement with Delivery Hero as soon as this week, the report said.A transaction w
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United Airlines’ new upsell: Keeping other travelers out of the middle seat
United Airlines will allow customers to pay more to keep the middle seat open on its Airbus A321XLRs
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Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX’s Starlink
Frontier is signing with Starlink for in-flight Wi-Fi, with service debuting as early as next year.
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IBM warns AI boom is squeezing software budgets; shares slump in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending toward data-center infrastructure from software and forecast second-quarter revenue below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning triggered a 22 per cent slump in IBM’s shares and a
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