TOPNWS
Unity discovers how real the revenue struggle is
Virtual reality gears from Pico are displayed on the sidelines of the Olympic Esports Week in Singapore June 23, 2023. REUTERS/Edgar Su Acquire Licensing Rights NEW YORK, Sept 13 (Reuters Breakingviews) – Unity Software (U.N) is finding out just how hard the revenue game will be. The $14 billion company’s new plan to climb out …
Wall St gains with focus on Nvidia’s high-stakes results
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Nvidia gains ahead of quarterly results Sports retailers fall on Foot Locker’s dour forecast Peloton drops on missing positive cash-flow target Indexes up: Dow 0.25%, S&P 0.52%, Nasdaq 0.82% …
Tesla’s governance autopilot heads for disaster
NEW YORK, May 17 (Reuters Breakingviews) – Portraying a CEO as a father figure is one way to tell there’s a lack of judicious oversight. Backing the company’s board despite obvious shortcomings is another. Tesla shareholders did both on Tuesday, with one of them playing the part of boss Elon Musk’s “son,” a robot the …
Luminar Tech CEO Russell to acquire majority stake in Forbes
May 12 (Reuters) – Luminar Technologies (LAZR.O) CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments (IWM) said in a statement on Friday. The automotive tech billionaire has agreed to acquire 82% …
LinkedIn cuts over 700 jobs, exits China app as demand wavers
May 8 (Reuters) – LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins …
Twitter makes first interest payment on Musk buyout debt – Bloomberg News
Jan 30 (Reuters) – Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. Twitter paid a group of seven banks, led by Morgan Stanley, …
World’s largest freestanding cylindrical aquarium bursts in Berlin
BERLIN, Dec 16 (Reuters) – An aquarium in Berlin that was home to around 1,500 exotic fish burst early on Friday, spilling 1 million litres (264,172 gallons) of water and debris onto a major road in the busy Mitte district, emergency services said. Around 100 emergency responders rushed to the scene, a leisure complex that …
UK inflation hits 41-year high of 11.1% as Hunt readies budget
LONDON, Nov 16 (Reuters) – Surging household energy bills and food prices pushed British inflation to a new 41-year high in October, according to data published a day before finance minister Jeremy Hunt announces tax hikes and spending cuts to control price growth. Consumer prices rose by 11.1% in annual terms last month, the highest …
Putin turns 70 with a prayer for his health
Kremlin leader faces deepening crisis in his war in Ukraine Allies pay tribute but criticism of military is mounting Patriarch prays for Putin’s health LONDON, Oct 7 (Reuters) – President Vladimir Putin turned 70 on Friday amid fawning congratulations from subordinates and a plea from Orthodox Patriarch Kirill for all to pray for the health …
S.Korea develops nanotech tattoo as health monitoring device
DAEJEON, Aug 2 (Reuters) – South Koreans may soon be able to carry a device inside their own bodies in the form of a bespoke tattoo that automatically alerts them to potential health problems, if a science team’s project bears fruit. Researchers at the Korea Advanced Institute of Science and Technology (KAIST) in the city …
