There’s yet another complication in Alphabet’s relationship with start-up giant Uber. CapitalG, an investment arm within Google-parent Alphabet, will lead a $1 billion funding round for Lyft, the companies said on Thursday. CapitalG Partner David Lawee will join Lyft’s board. Alphabet’s self-driving car unit, Waymo, confirmed earlier this year it would partner with Lyft on […]
Read moreAdobe shares are surging as Wall Street is growing more bullish on the company’s new product road map. Its shares were up 10 percent shortly after Thursday’s market open to a new all-time high, a day after Adobe held its analyst day in Las Vegas. The company gave strong earnings-per-share guidance for fiscal 2018 of […]
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AS DISTRESSED assets go, the Weinstein Company (TWC) is uniquely distressing. Much of its value was bound up in the brands of its eponymous founding brothers, one of whom, Harvey Weinstein, has been accused of sexual harassment and of assault by dozens of women in the film industry in America and elsewhere. Amazon Studios, Apple […]
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IN A cosmetics emporium in central Seoul, rows of snail-slime face-masks sit untouched. Not long ago, visiting Chinese tourists would snap these up as avidly as a designer handbag in New York or anything from London featuring the Queen. Yet now their rejuvenating properties are failing to lure the country’s shoppers. Seo Sung-hae, a salesman, […]
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LIKE an airliner in service, Bombardier’s C-Series programme has had multiple highs and lows. In 2008 the Canadian firm began its attempt to break Airbus and Boeing’s duopoly on smaller jets, spooking the pair into upgrading their own models. Costs and delays pushed it near bankruptcy in 2015, followed by a bail-out from the Quebec […]
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THE proposal to sell shares in Saudi Aramco, the world’s biggest oil company, stunned the financial markets last year. Muhammad bin Salman, now Saudi Arabia’s crown prince, promised that it would be the biggest initial public offering (IPO) of all time, valuing Aramco at $2trn. It was to be the centrepiece of his plan to […]
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ALL great aviation ventures start with mavericks willing to defy both the laws of physics and the scepticism of their peers. William Boeing, Oleg Antonov and Howard Hughes are some of the best-known examples. Next, perhaps, is Amol Yadav, who for much of the past decade has been building aeroplanes on the roof of the […]
Read moreAmazon has announced that its biggest wind farm to date is operational. In a statement on Thursday, the business said that Amazon Wind Farm Texas would add over 1 million megawatt hours (MWh) of clean energy to the grid annually. The facility, which is located in Scurry County, has over 100 turbines, each standing more […]
Read moreMongoDB shares opened at $33 apiece, up more than 30 percent for their first day of trading on Thursday in an $192 million IPO. The technology company listed its stock on the Nasdaq under the symbol “MDB.” MongoDB priced its 8 million share initial public offering at $24 a share Wednesday night, above the expected […]
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UK attempts to speed up Brexit talks, but Europe wants to see the check first
U.K. Prime Minister Theresa May attempted to accelerate Brexit talks Thursday, but her European counterparts want to know how much London will pay to exit the bloc. May wrote a letter, published Thursday morning, reassuring all European citizens living legally in the U.K. that they can remain. “I couldn’t be clearer: EU citizens living lawfully […]
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