Advertisements


Revolut, the $5.5 billion fintech startup, says it will let its 2,000 staff work abroad for 60 days a year

Revolut will allow its 2,000 employees to work overseas for 60 days a year, it said Thursday, following demand from staff to vi.....»»

Category: smallbizSource: nytApr 8th, 2021

Google will spend $7 billion on new buildings and data centers in the U.S. this year, doubling down on a return to the office

Google is forging ahead with new offices and data centers, even as the debate over what the future of office work will look like continues to rage......»»

Category: topSource: washpostMar 18th, 2021

Tencent sheds $65 billion in 2 days as investors fear a Chinese government crackdown

Chinese authorities are stepping up its scrutiny of the country's fintech firms, and Tencent could be in the firing line. Pony Ma is chief executive of Tencent VCG/Getty Images Tencent shares .....»»

Category: topSource: businessinsiderMar 15th, 2021

Hollywood is losing out on $10 billion in revenue every year by underfunding work by Black creators

A recent study by McKinsey found that Hollywood could boost annual revenue by $10.....»»

Category: smallbizSource: nytMar 12th, 2021

Earnings Results: AMC lost nearly $1 billion in holiday season, but stock is gaining as executives see better days ahead

AMC Entertainment Holdings Inc. reported a loss of nearly $1 billion in the holiday season to wrap up a woeful year of closed movie theaters, but executives sounded a hopeful note for reopening in 2021......»»

Category: topSource: marketwatchMar 10th, 2021

GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock"s latest spike

GameStop shorts were down $10.75 billion year-to-date as of Th.....»»

Category: topSource: businessinsiderFeb 25th, 2021

Mobile apps unicorn AppLovin makes $1B buy ahead of expected IPO

Mobile apps unicorn AppLovin Corp. is doing another acquisition on its way to going public, this time picking up a German startup for $1 billion. This would be the seventh acquisition by the Palo Alto company since 2014, including last year's p.....»»

Category: topSource: bizjournalsFeb 4th, 2021

COVID-19 hands Southwest its first full-year loss since 1972

Southwest Airlines said it lost $3.1 billion in 2020, its first full-year loss since its early days in 1972, and said bookings for early this year have stalled in the face of high numbers .....»»

Category: topSource: chicagotribuneJan 28th, 2021

With tastytrade acquisition, a rare $1B exit for Chicago—and women founders

When Chicago fintech startup tastytrade agreed to be acquired by IG Group for $1 billion last week, it resulted in a rarity: a female-founded tech startup to achieve a $1 billion acquisition......»»

Category: topSource: bizjournalsJan 27th, 2021

How a 28-year-old launched a $6 million education consulting firm with just $1,500 in startup capital

Ben Arabov is the son of Jacob Arabo, nicknamed "Jacob the jeweler" for his work adorning the biggest names in hip-hop, including Jay.....»»

Category: worldSource: nytJan 26th, 2021

Affirm prices IPO at $49 a share, raises $1.2 billion in capital

Affirm priced its shares at $49 late Tuesday, raising $1.2 billion in the first tech IPO of the year, Bloomberg reported, citing people familiar with the matter. The San Francisco fintech received strong investor interest, topping its rece.....»»

Category: topSource: bizjournalsJan 12th, 2021

10 Atlanta startups that launched or pivoted to help during the pandemic

2020 was a year of problems. Luckily, problem solving is what startup founders do best.   As companies grappled with moving their employees to remote work and people worried about how to connect with one another while staying s.....»»

Category: topSource: bizjournalsDec 30th, 2020

Ashbourne Farms to create marketplace, urban garden at former Lebanese Country Club site

The business will be open seven days a week and employ about 30 part- and full-time staff. The owners are shooting for a fall opening and said projected costs aren't finalized as architectural work continues......»»

Category: topSource: bizjournalsDec 22nd, 2020

Lockheed makes a solid rocket motor splash, buying Aerojet Rocketdyne for $4.4B

With sparse few shopping days left in 2020, Lockheed Martin Corp (NYSE: LMT) made its big purchase of the year, acquiring Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) in a deal worth $4.4 billion.  The move, unveiled Sunday, provides the Beth.....»»

Category: topSource: bizjournalsDec 20th, 2020

Tesla is reportedly shutting down Model S and X production for 18 days, forcing staff to take unplanned, unpaid time off - or they can "volunteer" in other parts of the business

Staff will take five unpaid days off - but Tesla said they could seek limited paid work or.....»»

Category: smallbizSource: nytDec 14th, 2020

Google will let all its staff work 2 days from home as part of a "flexible work week" starting September 2021, Sundar Pichai said in an email to employees

Google CEO Sundar Pichai told staff that employees will work a minimum three days per week in the office, and from home the rest of the time. Sundar Pichai, Google CEO. Carsten Koall/Getty Images Google is delaying sending employees back to th.....»»

Category: smallbizSource: nytDec 14th, 2020

Internet giants to staff: Plan to work from home for the year

Elon Musk wants people to return to work. Google and Facebook have a different message for their staff: Get ready to stay home for all of 2020. Sundar Pichai, Google’s chief executive, told... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 10th, 2020

Facebook to allow staff to work from home for remainder of year, reports say

Facebook to allow staff to work from home for remainder of year, reports say.....»»

Category: topSource: marketwatchMay 7th, 2020

SoftBank sees wider loss of $8.4 billion on WeWork write-down

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 2nd, 2020

Gilead expects to spend up to $1 billion on coronavirus drug this year, will donate 1.5 million vials

Gilead Sciences Inc. reported better-than-expected earnings for the first quarter of the year on Thursday and detailed more of its work on remdesivir, an antiviral COVID-19 drug candidate......»»

Category: topSource: marketwatchApr 30th, 2020

New company tops list of largest commercial property owners

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020