Tag: company
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Defense startups raid auto and fracking sectors for parts to speed weapons output
WASHINGTON, July 1 : Defense tech startups are repurposing automotive chips and pipes used in fracking – while copying production methods from drugmakers – in an effort to deliver weapons to the Pentagon faster and at lower cost.Soaring demand for rocket motors used to power missiles and other weapons has spu
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US lifts restrictions on Anthropic’s advanced AI models
Washington had restricted Claude Fable 5 and Mythos 5 invoking national security concerns. OpenAI was also asked to limit the rollout of its latest GPT-5.6 model to vetted partners only.
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S$55 million Good Class Bungalow seized in connection with Nvidia chip movement case
The police issued a prohibition of disposal order against the GCB and seized S$1 million of funds in bank accounts as part of their investigations, which have resulted in additional charges for the four people allegedly involved.
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Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion
June 30 – Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a rare software IPO as the sector grapples with disruption from AI.The Italian software c
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Exclusive-Activist Jana Partners has new stake in Everpure, sources
NEW YORK, June 30 : Activist investor Jana Partners has built a new position in technology company Everpure and is expected to soon announce the holding in a regulatory filing, according to two sources and documents reviewed by Reuters.The hedge fund began building its position in the first quarter of 2026 bu
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Exclusive-NBCUniversal may enter video game business after Comcast split, sources say
June 29 – NBCUniversal is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spinoff from Comcast, according to three people with direct knowledge of the matter. Comcast’s cable and connectivity business, meanwhile, is r
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GameStop pledges to pursue its takeover offer for eBay despite rejection
June 26 : GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.The company also said in a short regulatory filing that this year’s earnings will be strong, helping push u
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Bayer: Why so many Roundup weedkiller lawsuits?
Bayer was sued for failing to add cancer warnings to its controversial pesticide Roundup, when US regulators opposed adding one. DW asks if the latest Supreme Court win will stop the chemical giant from paying billions.
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Russell rebalance could add to SpaceX volatility
June 26 : Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars’ worth of Elon Musk’s internet and rocket company to their holdings.After a blockbuster initial public offering this month, SpaceX’s stock has
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Exclusive-Bumble dating app explores sale, sources say
NEW YORK, June 25 : Dating app Bumble is exploring a sale amid slowing growth in the online dating sector, according to three people familiar with the matter.The company, which gained recognition as one of the first major platforms to require women to initiate contact, is working with investment bankers at Mo
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