Tag: Companies
Tesla partner Panasonic is shutting down its operations at Nevada gigafactory
Panasonic is pulling its 3,500 employees from the massive Nevada factory it operates with partner Tesla over concerns about the spread of COVID-19. The company said Friday it will ramp down operations early next week and then close for 14 days. The move only affects Panasonic employees. Tesla also employs…
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Anthony Levandowski pleads guilty to one count of trade secrets theft under plea deal
Anthony Levandowski, the former Google engineer and serial entrepreneur who was at the center of lawsuit between Uber and Waymo, has pleaded guilty to one count of stealing trade secrets while working at Google under a plea agreement reached with the U.S. District Attorney. While Levandowski still faces a possible…
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Gaming company Scopely adds $200 million more to its M&A stockpile
Scopely, the mobile gaming publisher behind titles including Marvel Strike Force, Scrabble Go, Yahtzee with Buddies, and Star Trek Fleet Command, has added another $200 million to its hoard of cash for mergers and acquisitions. While some startups are fearing a cash crunch, other businesses seem to be preparing to…
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Stocks rise after mixed day, with tech leading and SaaS outperforming
The wild ride that has been U.S. stock market over the past couple of weeks may be settling down — at least for the moment — from the whiplash-like swings that helped set global markets on edge. The new economic normal that the pandemic has brought to countries across the world…
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Fox gets deeper into streaming with $440 million acquisition of Tubi
Fox Corp., the broadcast news and entertainment company holding what remains of the Murdoch Family’s television and cable sports and media assets after the sale of 21st Century Fox to Disney, has agreed to acquire the streaming service Tubi TV for $440 million. Tubi, once of a now-dwindling number of…
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U.S. government reportedly in talks with tech companies on how to use location data in COVID-19 fight
U.S. government officials are currently in discussion with a number of tech companies, including Facebook and Google, around how data from cell phones might provide methods for combatting the ongoing coronavirus pandemic, according to a new Washington Post report. The talks also include health experts tracking the pandemic and its…
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