On Monday, Google unveiled its new spin-off, Aalyria, formally a secret project that the multinational technology company says “radically” makes satellite communications, cellular connectivity, and Wi-Fi on ships and planes, even better. Google’s techs have been working on the software that enhances land-to-space high-speed communication networks.  The project was given...
Shares of gunmaker Smith & Wesson slipped on Friday after the company’s quarterly report showed that its profit was lower than last year at the same time. Mark Smith, CEO of Smith & Wesson acknowledged that the gun industry had its first summer downturn in three years, calling it...
CVS plans to acquire Signify Health in a cash deal which will allow the pharmaceutical giant to buy the healthcare platform at $30.50 per share. The $8 billion deal will help CVS build on its aspirations to delve deeper into the healthcare industry. Signify offers virtual and in-person home...
The social media and camera company, Snap, announced that it will be letting go 20 percent of its 6,000-plus workers as part of its plans to restructure its business. The announcement was made by Snap CEO Evan Spiegel through an office memo to the company’s employees telling them that...
Amazon has reached a deal with Plug Power, a hydrogen fuel cell maker, to power a portion of its operations with green hydrogen. Part of the agreement includes Amazon receiving the rights to purchase up to 16 million shares of the Latham, New York-based company at an excess price...
Salesforce said that its revenue and earnings surpassed the expectations of analysts, but the customer relationship management software company issued a weak forecast for the current quarter and its fiscal 2023 outlook. The company reported adjusted earnings per share of $1.19. Refinitiv analysts had predicted $1.02 per share. Salesforce’s revenue...
On Friday, Berkshire Hathaway’s application with the Federal Energy Regulatory Commission was approved, allowing the Omaha, Nebraska-based holding company to buy up to half of Occidental Petroleum’s shares. Stock prices for the oil company rose 10 percent after investors learned of the news, closing at $71.29 per share. Thus...
Starbucks is eliminating the company’s COO role, meaning that Chief Operating Officer John Culver will be leaving the coffeehouse chain after being with Starbucks for 20 years. Culver will serve as an executive advisor for the company when he steps down on October 3 but will leave Starbucks by...
On Tuesday, American Airlines reached a deal with the aircraft manufacturer Boom Supersonic to purchase 20 of its 65 to 80 passenger jets, marking the second U.S. airline player to invest in the ultra-fast form of travel for passengers in two years. United Airlines ordered 15 of Boom’s Overture...
According to Bloomberg, the mother company of TikTok has just entered into the healthcare space by acquiring Amcare Healthcare. Amcare operates higher-end women's and children’s clinics throughout China. ByteDance’s Xiaohe Health is purchasing the healthcare organization in a $1.5 million deal. According to Wikipedia, TikTok’s parent organization is headquartered...