Mellanox Technologies, a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value over the composition of its board of directors, people familiar with the matter said on Sunday. The agreement would come after the chipmaker, which had a market capitalization of roughly $4.5 billion at […]
Read moreApple will automatically share a user’s location with emergency services when they call 911 in the future, the company said Monday. The new feature will be part of iOS 12, the upcoming software update for the iPhone and iPad, and will help emergency services locate a person more quickly when in need. In 2015, Apple […]
Read moreLufthansa is in contact with Norwegian Air Shuttle, also the subject of bid interest from British Airways owner IAG, the German group’s chief executive told a German daily, sending Norwegian’s shares higher. “In Europe, everyone is talking to everyone. There’s a new wave of consolidation approaching. That means we are also in contact with Norwegian,” […]
Read moreHere’s a round-up of the most important deals and news in venture capital from the past week. Adyen shares began trading on Wednesday in Amsterdam, marking one of Europe’s biggest technology initial public offerings in recent years. On Tuesday, Adyen priced its shares at 240 euros (about $280) giving the company a valuation of 7.1 […]
Read moreFord Motor plans to release details of its planned conversion of the long-vacant Michigan Central train station just west of downtown Detroit. The Dearborn-based automaker recently bought the 105-year-old building and is expected to redevelop the 500,000-square-foot (46,000-square-meter) structure as part of its plans for a campus focusing on autonomous vehicles. The station, which looms […]
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A software update to the iPhone in the next few months lets you create a digital animated version of yourself that you can send to friends. It’s a custom version of Apple‘s Animoji called Memoji, and I’ve been trying it on the developer beta of iOS 12. It will eventually be available to the iPhone […]
Read moreOne of Wall Street’s most established tech investors believes the historic tech rally will break down. Sloy, Dahl & Holst’s Paul Meeks blames frothy valuations. “The valuations are not pre-internet bubble popping valuations, but they still are extreme,” the firm’s chief investment officer said Friday on CNBC’s “Trading Nation.” The tech heavy Nasdaq has surged […]
Read moreOne year ago Saturday, Amazon announced it would take over Whole Foods in a $13.7 billion deal that shook the grocery industry. Since then, a number of e-commerce start-ups have scored paydays from big retailers. Walmart bought Flipkart, Target acquired Shipt, and Kroger invested in Ocado, for example. But there’s been another surprising beneficiary in […]
Read moreChinese drone giant DJI is building the headquarters of the future. The company, known for making popular consumer drones, teamed up with Foster + Partners, a leading architectural firm, to design a new home base in Shenzhen, China. The building was designed to resemble a “floating community in the sky,” and will feature twin towers […]
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An e-mail sent to all Tesla staff from Elon Musk on Friday night congratulated employees for the progress they’ve made on Model 3 vehicle production recently — but also said “radical improvements” are still needed in manufacturing to hit the company’s quarterly targets. During the company’s annual shareholders’ meeting earlier this month, Musk said it […]
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