The death of the department store has been a sad media narrative all year, as countless chains declared bankruptcy or insolvency against the coronavirus pandemic. Among the national brands filing for bankruptcy was JCPenney, the perennial mall anchor that had 800 national locations as of May.
BP plans to sell its central London headquarters as it cuts jobs and shifts to a flexible working environment. The oil and gas giant currently employs 6,500 office staff in the U.K., with many of them working remotely due to the COVID-19 pandemic. The Times reported that...
Kymeta, a satellite tech company based in Redmond, Washington, just garnered $85.2 million in an investment round led by Bill Gates. The investments will help Kymeta develop antenna technology to provide vehicles with greater connectivity. Antenna Tech If you’ve ever...
Software firm Oracle is challenging Microsoft in its pursuit of TikTok. Leaders at Oracle have been in conversation with TikTok parent company ByteDance about acquiring business operations of the app in the US and other English-speaking countries. As per the Trump Administration's deadline, the deal would have...
Apple became the first publicly traded U.S. company to reach a $2 trillion market cap. This comes only two years after the Silicon Valley giant became the first U.S. company to break the $1 trillion ceiling. In just two years, Apple doubled its already enormous valuation.
It seems that what goes up at a shocking rate, must come down at a shocking rate. Kodak stock plunged 30% on Monday, after it had soared 2,757% just a few weeks ago. The drop comes after allegations of insider trading put their $765...
Sustainable automaker Rivian has secured $2.5 billion in its latest funding round run by T. Rowe Price. The investment will allow the company to begin production on a fleet of 100,000 electric delivery vehicles for Amazon. The up-and-coming automaker has yet to produce any vehicles, but this...
Johnson & Johnson, the American pharma giant, announced a deal with the US government to develop and deliver 100 million doses of a potential coronavirus vaccine. The deal reportedly exceeds $1 billion. Of course, no vaccine for COVID-19 exists just yet. But Johnson & Johnson is one...
Microsoft has been able to breathe new life into their pursuit of the social media app TikTok. This comes only two days after President Trump announced that he planned to ban the video-sharing platform in the U.S. CEO of Microsoft Staya Nadella reportedly changed his mind...
Sony announced it has bought a $250 million stake in Epic Games. The Japanese conglomerate will receive 1.4% interest in the video game studio. The creator of games like Fortnite and Gears of War, Epic Games is now worth $17.86 billion. The partnership will allow the two...
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