Dennis Mutua

Airbnb Seeking to Raise $3 Billion From its Upcoming IPO

San Francisco based online vacation home renting platform Airbnb Inc. is intending to raise $3 billion from its initial public offering. The company had filed with regulators to go public in March however due to plunge caused by the pandemic especially in the travel and hospitality industry worldwide the company had no other option than to […]

Lonestar Files for Chapter 11 Bankruptcy

Independent oil and gas company Lonestar Resources Inc. (LONE) announced having filed for chapter 11 bankruptcy protection in the United States bankruptcy court for the southern district of Texas on 30 September. Mid-September the company had announced a restructuring support agreement with its largest shareholders which would see the company eliminate debt obligation and preferred […]

Records Show 19,000 U.S Based Amazon Employees Contracted Coronavirus

World largest e-commerce company Amazon Inc. (AMZN) has revealed that 19,000 of its employees in the United States contracted coronavirus at some point this year. This number translates to 1.44% of the company’s total labor force. A number of labor advocates have been constantly criticizing how the company has been responding to the pandemic in […]

Seattle Approves Minimum Rates for Uber and Lyft Drivers

On September 29 the Seattle City Council approved the minimum pay rates for drivers who operate Uber Technologies Inc. (UBER) and Lyft Inc. (LYFT) cabs around the Seattle area. According to the new regulation which is due to take effecting starting January next year, drivers will be earning a standard minimum rate of $16.39 per […]

Twitter Removes 130 Accounts Making Disruptions During U.S Presidential Debate

Widely used social platform Twitter Inc. (TWTR) announced that it took down 130 accounts for trying to disrupt public conversations during the first U.S Presidential debate between President Trump and Democratic Party candidate and former vice President Joe Biden. According to a statement issued by the social network company, these accounts appeared to have originated […]

World Bank Seeking Approval for Extra $12 Billion Coronavirus Vaccine Funding Plan

The World Bank is seeking approval from its board to secure a $12 billion financing plan which will be used during vaccination against deadly coronavirus. This information was revealed by World’s bank president David Malpass. Malpass says the cash will be used to help third world and poor countries to secure enough vaccine doses for […]

McAfee Files for Nasdaq IPO

Cyber security company McAfee Corp. has filed to get listed in the United States stock markets under the ticker MCFE. The data security provider is seeking to capitalize on how the markets are rebounding following from a slump several months ago attributed to the pandemic. The company did not disclose the amount of shares or […]

Cleveland-Cliffs Strikes a $1.4 Billion Deal to Purchase Assets of ArcelorMittal

U.S based largest producer of iron ore pellets Cleveland- Cliffs Inc. (CLIF) announced that it has agreed to buy U.S assets of world’s largest steel manufacturer ArcelorMittal SA (AMS: MT) in a deal worth $1.4 billion. ArcelorMittal has been engaging in a realignment to consolidate and diversify its business with an aim of making it […]

Big Hit Entertainment Picks Tops Price for its IPO

The management label of South Koreas based band BTS Big Hit Entertainment has priced its upcoming initial public offering price at its top range. This IPO is set to become the largest one by a South Korean entity in the last three years. In a regulatory filing, Big Hit is placing its IPO price at […]

Suspicious Logins Reported by Tyler Technologies Days After it Had Been Hacked

Largest provider of software to the private sector in the United States Tyler Technologies Inc. (TYL) has reported suspicious logins just days after the company announced that it had been hacked by a ransomware. The company said multiple clients reported suspicious logins in their accounts on September 28. On the specific day the company said […]