Finance

Online Pizza Ordering Platform Slice Raises $40 Million in Latest Financing Round

Online pizza and food ordering platform Slice announced having raised $40 million from its latest financing led by venture capital firm Cross Creek. Two former executives at social network Twitter Inc. (TWTR) also participated in the financing round. The former individuals at Twitter included Dick Costolo who once served as Twitter’s chief executive officer from […]

Goldman Sachs Opening a New Office in Birmingham UK

United States based investment bank and provider of financial services Goldman Sachs Group Inc. (GS) will be opening a new office in the city of Birmingham, United Kingdom. The office will be a sign of the bank expanding its reach across Europe. Goldman Sachs says the first employees will start working in the office in […]

Bezos Receives Backlash After Supporting U.S Corporate Tax Hike

Currently the world’s richest man and Amazon Inc.’s (AMZN) chief executive officer Jeff Bezos said that he is supporting a hike in the U.S. corporate tax rate proposed by the administration of President Biden as part of an infrastructure overhaul. President Biden is seeking to increase corporate tax to 28% down from the current 21%. The […]

Gatik Working With Isuzu to Build Autonomous Delivery Trucks

Startup developing technology for deploying autonomous vehicles for short-haul logistics Gatik is partnering with Isuzu North America Corp to build autonomous delivery trucks which Gatik will be using to serve its retail clients better. Silicon Valley based Gatik works with other companies including retailer Walmart Inc. (WMT) in Louisiana and Arkansas and Loblaw Companies Ltd […]

Auditors Discover Accounting Errors in Two U.S Units of IT Company Atos

Financial auditors have discovered some accounting errors in two United States units of French IT consulting firm Atos SE (EPA: ATO). The units affected are Atos IT Outsourcing Services LLC and Atos IT Solutions and Services Inc. According to the statement issued by the auditors these errors constitute to about 11% of the company’s consolidated […]

BlackRock Closes Down its Shanghai Private Fund Unit

U.S based investment management company BlackRock Inc. (BLK) will be closing down its private fund unit in Shanghai. The global asset manager says it resolved to close down the unit so as to focus on its mutual fund business in China. Citing a post from the website of Asset Management Association of China (AMAC), less […]

Swiss Air Staring at an Imminent Job Cut Says CEO

The Chief Executive Officer of Swiss International Airlines Ltd Dieter Vranckx says they could be conducting an additional job cut in the second quarter of the year as the pandemic continues to bite the airline industry hard all over the world. The chief executive revealed this information during an interview with a Swiss newspaper SonntagsBlick. […]

Intel Using $20 Billion to Build Two U.S Chip Plants

Newly appointed Chief Executive of world’s largest chip manufacturer Intel Corp (INTC) Patrick P. Gelsinger says the company has allocated $20 billion to build two new chip plants in Arizona. Gelsinger claims this is part of greater plans Intel will be venturing into to expand its advanced chip manufacturing business. The cash set aside will […]

Microsoft Engaging Discord Aiming to Buy the Messaging Platform

Tech giant Microsoft corp. (MSFT) is holding talks with Discord Inc. with an aim of acquiring the instant messaging and digital distribution company in a deal worth over $10 billion. Sources involved in the matter say that Discord reached out for interested buyers and Microsoft has expressed its interest as a potential buyer. The sources […]

Nikola’s Investor Hanwha Trimming Its Investment in the EV Manufacturer

Arizona based electric vehicle manufacturer Nikola Corp. (NKLA) announced that its South Korea based investor Hanwha Corp. (KRX: 000880) will be reducing its investment in the EV manufacturer by 50%. Citing a filing with the securities exchange commission, Hanwha holds 5.65% stake in Green Nikola Holdings a subsidiary of Nikola. It’s this stake which Hanwha […]