The Street is buzzing with speculation over what company may be the target for Social Capital Hedosophia, which raised $600 million in an IPO today at the NYSE. Social Capital is a special purpose acquisition company (SPAC), set up to invest in technology companies that are not yet public. SPACs are based on a simple […]
Read moreThe Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker on Thursday, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in U.S. history. The bill approved on a bipartisan 64-31 vote would make $2.85 billion available […]
Read moreThe outcome of the House investigation into the Equifax data breach “may” result in more regulations, the chair of the House Energy and Commerce Committee told CNBC on Thursday. Equifax CEO Richard Smith is expected to testify before the committee at an Oct. 3 hearing. The massive breach could impact up to 143 million Americans. […]
Read moreFor more than a decade the Cassini spacecraft has orbited the planet Saturn and visited its moons. And on Friday, Sept. 15, it will plunge into Saturn’s atmosphere and completely disintegrate. Its demise will be the end of a space mission that has yielded an unprecedented amount of knowledge about a mysterious planet. And it […]
Read moreOracle stock rose by nearly 2 percent in extended trading Thursday after the company reported stronger-than-expected earnings for the first quarter of its 2018 fiscal year, which ended on August 31. The company will hold a conference call to discuss the results with financial analysts at 5 p.m. Eastern time. EPS: Excluding certain items, 62 […]
Read moreTesla shares jumped nearly 3 percent Thursday, hours after CEO Elon Musk said the company will unveil an electric semi truck in late October. Shares of the electric car maker traded just above $375 Thursday afternoon. Musk announced Wednesday that the company’s “unreal” semi truck was tentatively set to be unveiled in October. Elon Musk […]
Read moreAir-launch rocket builder Virgin Orbit took another step in making low-cost rockets a reality in a new deal with satellite developer Cloud Constellation. The Virgin Galactic spinoff, which is owned by billionaire entrepreneur Richard Branson, on Tuesday signed an agreement to launch a dozen communications satellites for Cloud Constellation’s SpaceBelt system. The rocket company expects […]
Read moreFederal regulators on Thursday approved the first mobile app to help treat substance use disorders. The app, developed by a start-up called Pear Therapeutics, is designed to be prescribed by clinician and used alongside counseling. Pear’s technology digitizes a form of talk therapy called cognitive behavioral therapy, or CBT, which focuses on “examining the relationships […]
Read moreThree female former employees of Alphabet’s Google filed a lawsuit on Thursday accusing the tech company of discriminating against women in pay and promotions. The proposed class action lawsuit filed in California state court in San Francisco comes as Google is facing a sex bias investigation by the U.S. Department of Labor. The plaintiffs are […]
Read moreScores of accounts on Equifax‘s website in Argentina allegedly were protected by the same generic username and password: “admin.” Researchers at Hold Security, a Milwaukee-based cybersecurity firm, found that after some guesswork, they were able to uncover personal employee information housed on Equifax’s South American site, including names, emails, and Social Security equivalents of over […]
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