Former Vice President Al Gore’s investment firm is making a big bet on one of the creators of Facebook. Asana, a software company headed by Facebook co-founder Dustin Moskovitz, said on Tuesday that it raised $75 million in a financing round led by Generation Investment Management. Generation, which Gore co-founded in 2004, invests globally and […]
Read moreBritain is seeking a free trade agreement with China, Prime Minister Theresa May said on Wednesday as she flew to the country for talks with Chinese leaders, adding that more should be done immediately to open up market access for British firms. The ambitious long-term goal of securing a free trade deal with the world’s […]
Read moreChina reported on Wednesday that factory activity expanded less than expected in January, with the official manufacturing Purchasing Managers’ Index coming in at 51.3. The Chinese manufacturing PMI was forecast to dip to 51.5 in January from 51.6 in December, according to a poll of economists by Reuters. A reading above 50 indicates expansion, while […]
Read moreWebpass, the wireless home broadband company that Google Fiber acquired in 2016, is exiting the Boston market. The Verge received a reader tip on the situation and a quick look around revealed that Boston is no longer listed as a current Webpass market on the company’s website. (It still appeared as recently as December.) Reached […]
Read moreSamsung Electronics on Wednesday said it recorded an operating profit of about 15.2 trillion Korean won ($14.15 billion) for the quarter ending in December, which was in line with guidance. That was a 64.3 percent jump from a year earlier. The firm’s fourth-quarter revenue came in at about 66 trillion won, a 23.7 percent on-year […]
Read moreWall Street extended declines and the dollar gave up its gains ahead of Asia’s Wednesday trading day. U.S. indexes fell on Tuesday as stocks sold off for a second day. The Dow Jones industrial average tumbled 362.59 points, or 1.37 percent, to close at 26,076.89, the S&P 500 lost 1.09 percent to finish at 2,822.43 […]
Read moreCalling health-care costs a hungry tapeworm on the economy, Amazon, Berkshire Hathaway and J.P. Morgan say they are joining forces to try to simplify their employee benefits using technology make for a better health-care experience and to drive down costs. The news hit like a shot across the bow of health insurers, sending shares of […]
Read moreAmazon, Berkshire Hathaway and J.P. Morgan Chase are teaming up to reduce health care costs for their own employees. Among the likely big winners: Telemedicine companies like Teladoc and American Well. Start-ups that offer virtual care as an alternative to sending an employee to a physical doctor’s office, will likely play a big role in […]
Read moreRed Hat has acquired CoreOS for $250 million, in a deal that brings further momentum to a Google-created technology used by companies to manage software running in data centers and in the cloud. The move gives Red Hat a prominent name to keep commercializing hot open-source software as part of its arsenal. Red Hat’s core […]
Read moreAmazon‘s new health-care partnership with Berkshire Hathaway and J.P. Morgan Chase won’t have an immediate impact on its employees’ health-care plan, the company said in an email sent to all employees on Thursday. In the email, obtained by CNBC, Amazon’s HR boss Beth Galetti wrote that the new partnership will take a “considerable amount of […]
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