Tag: Business
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Intel’s new manufacturing tech enters initial production
June 16 : Intel on Tuesday said the new generation of its 18A manufacturing process has entered risk production, as the chipmaker sees strong demand for its central processors.By moving 18A-P into initial production, Intel is aiming to show it is following through on its manufacturing commitments, potentially
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AT&T names Jennifer Biry as CFO from 2027, Desroches to retire
June 16 : Telecom provider AT&T said on Tuesday Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry would succeed him.Here are more details:• Jennifer Biry, the former CFO of McAfee, is set to become AT&T’s CFO at the start of 2027, according to a company filing.• B
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Microsoft’s cloud infrastructure talks with Oracle collapse, Business Insider reports
June 16 : Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance concerns, Business Insider reported on Tuesday.
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SpaceX options debut pulls record demand as investors chase rocket stock
NEW YORK, June 16 : Trading in SpaceX options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company.Some 1.3 million SpaceX contracts traded by 2 p.m. ET (1800 GMT), handily surpassing M
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Hacking group claims major hack of Novo Nordisk and attempted $25 million extortion
June 16 : A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, a cyber extortion group that emerged in October 2
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Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.
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SpaceX options debut draws record volume as investors chase rocket stock
June 16 : Trading in SpaceX options kicked off with heavy volume on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company.More than half a million contracts changed hands in the first hour of trading as investors piled into the newly listed company, m
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French store BHV ends partnership with retailer Shein, French media say
PARIS, June 16 : French department store BHV is ending its partnership with Chinese online fast fashion retailer Shein, French media reported on Tuesday.• The Societe des grands magasins, or SGM, which has been operating the BHV Marais, said it was selling the Parisian department store to its current manage
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EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
June 16 : EssilorLuxottica, the world’s largest eyewear maker, has signed a long-term deal with U.S. chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday.
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Exclusive-Binance set to lose permission to operate in EU, sources say
FRANKFURT, June 16 : Binance, the world’s largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.Under new EU rules, called MiCA, crypto firms have until the e
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