AP Source: Fiat mulls IPO after buying Chrysler The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
Large Dell Holder Sells Stake The Oakmark Funds group, one of Dell's larger shareholders, sold its stake after Blackstone withdrew its potential bid for the PC maker. More
Apple to dole out $100B to shareholders Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years. More
Green Dot execs misled shareholders about declining business, lawsuit says A former Green Dot employee alleged Monday that company leaders misrepresented how an important line of business was performing while also knowing about issues that would lead to an expensive Fed ... 07/17/2024 - 11:11 am | View Link
Walgreens hit with lawsuit over recent stock tank An investor claims Walgreens Boots Alliance executives misrepresented revenue and growth expectations in its pharmacy segment. 07/16/2024 - 8:30 am | View Link
Nvidia Stock: Why Holding Strong Makes Sense For Existing Shareholders The upcoming release of the NVIDIA's AI Blackwell chip family should help boost revenue growth. Read why I maintain my Hold rating on NVDA stock. 07/7/2024 - 9:58 pm | View Link
Salesforce shareholders reject compensation plan for Benioff, other top execs Salesforce Inc. shareholders rejected a compensation plan for Chief Executive Marc Benioff and the company’s other top executives after it was opposed by ... 07/1/2024 - 1:54 pm | View Link
Salesforce shareholders reject compensation plan for CEO, other top executives A majority of Salesforce shareholders voted against a compensation plan for its CEO Marc Benioff and other top executives, according to a security filing on Monday. 07/1/2024 - 12:11 pm | View Link
Enlarge / Wegovy is an injectable prescription weight-loss medicine that has helped people with obesity. (credit: Getty | Michael Siluk)
The US Food and Drug Administration has approved two injectable versions of the blockbuster weight-loss and diabetes drug, semaglutide (Wegovy and Ozempic). Both come in pre-filled pens with pre-set doses, clear instructions, and information about overdoses.
Shotgun Willie’s is getting some competition in the late-night Glendale scene.
A groundbreaking ceremony was held Thursday for a 10-acre entertainment district in the municipality surrounded by Denver, the final variation of a project Glendale has been planning for more than a decade.
“It’s been a long time coming,” said City Manager Chuck Line, who assumed that role last year but was deputy city manager for two decades before that.
The project, expected to cost $150 million, is being developed by Denver-based Central Street Capital, a family office founded by health care entrepreneur Rob Salazar.
Enlarge / Boeing's Strainer spacecraft is seen docked at the International Space Station in this picture taken July 3. (credit: NASA)
The astronauts who rode Boeing's Starliner spacecraft to the International Space Station last month still don't know when they will return to Earth.
Astronauts Butch Wilmore and Suni Williams have been in space for 51 days, six weeks longer than originally planned, as engineers on the groundwork through problems with Starliner's propulsion system.
The problems are twofold.
Enlarge / One day, using pixellated fonts and images to represent that something is a video game will not be a trope. Today is not that day.
SAG-AFTRA has called for a strike of all its members working in video games, with the union demanding that its next contract not allow "companies to abuse AI to the detriment of our members."
The strike mirrors similar actions taken by SAG-AFTRA and the Writers Guild of America (WGA) last year, which, while also broader in scope than just AI, were similarly focused on concerns about AI-generated work product and the use of member work to train AI.
"Frankly, it’s stunning that these video game studios haven’t learned anything from the lessons of last year—that our members can and will stand up and demand fair and equitable treatment with respect to A.
Enlarge / The Cadillac V-Series. R is one of General Motors' factory-backed racing programs. (credit: James Moy Photography/Getty Images)
It is hard to escape the feeling that a few too many businesses are jumping on the AI hype train because it's hype-y, rather than because AI offers an underlying benefit to their operation.
Enlarge (credit: Getty Images | Yuichiro Chino)
Internet service providers are eager to get money from a $42.45 billion government fund, but are trying to convince the Biden administration to drop demands that Internet service providers offer broadband service for as little as $30 a month to people with low incomes.
The Broadband Equity, Access, and Deployment (BEAD) program was created by a US law that requires Internet providers receiving federal funds to offer at least one "low-cost broadband service option for eligible subscribers." The Biden administration says it is merely enforcing that legal requirement, but a July 23 letter sent by over 30 broadband industry trade groups claims that the administration is illegally regulating broadband prices.
The fund is administered by the National Telecommunications and Information Administration (NTIA).