37.15 F
New York
November 27, 2021

maker

Apple Sues Israeli Spyware Maker, Seeking to Block Its Access to iPhones

New York Times
SAN FRANCISCO — Apple sued the NSO Group, the Israeli surveillance company, in federal court on Tuesday, another setback for the beleaguered firm and the unregulated spyware industry. The lawsuit is the second of its kind — Facebook sued the NSO Group in 2019 for targeting its WhatsApp users —......

Text-checking software maker Grammarly is worth $13 billion in latest funding round

CNBC
CNBC – For more and to sign up click here Grammarly CEO Brad Hoover. Grammarly Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that it sports a $13 billion valuation after taking on $200 million in new funding from......

China reportedly took control of an Italian military drone maker quietly

CNBC
CNBC – For more and to sign up click here Soldiers of the People’s Liberation Army honor guard perform the flag-raising ceremony at Tiananmen Square on New Year’s Day on January 1, 2021 in Beijing, China. Visual China Group | Getty Images Two Chinese state firms took control of an......

Mattress maker Casper to be taken private by PE firm Durational Capital Management

CNBC
CNBC – For more and to sign up click here Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York. Yana Paskova | The Washington Post | Getty Images Casper Sleep announced Monday that it will be taken private by private equity......

Baked foods maker shutters operations

FoodBusinessNews
SIMPSONVILLE, SC. — The Muffin Mam, Inc., a manufacturer of baked foods based in Simpsonville, closed its 100,000-square-foot baking plant in Laurens, SC, on Nov. 10 after filing for Chapter 7 bankruptcy in the US Bankruptcy Court for the District of South Carolina on Nov. 9. In the filing, Muffin......

Turboprop maker ATR to pick upgraded engines -sources

Reuters
The logos of Airbus and aircraft manufacturer ATR are seen on a building at Saint-Martin-du-Touch near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau DUBAI, Nov 14 (Reuters) – Franco-Italian ATR is poised to announce an upgrade to the engines of its turboprop aircraft family as competition heats up in the......

Shares in electric truck maker Rivian leap 37% on opening

BBC
https://www.bbc.co.uk/news/business-59236435?at_medium=RSS&at_campaign=KARANGA “Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation,” said RJ Scaringe, the company’s founder and chief executive, in the firm’s submission to the Securities and Exchange Commission (SEC), ahead of the share flotation. BBC – For more and to......

Rivian, the electric-truck maker, soars in early trading after its I.P.O.

New York Times
Shares in Rivian, which has ambitious plans to make electric trucks and delivery vans, soared Wednesday on their first day of trading, hoisting the company’s market value well above that of large established automakers even before it begins significant production. Rivian priced its initial public offering on Tuesday at $78......

Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.

New York Times
Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field. In a securities filing on Tuesday,......

EV maker Rivian prices IPO above range to raise over $11.9 bln

Reuters
NEW YORK, Nov 9 (Reuters) – Amazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise more than $11.93 billion, the company said on Tuesday. The flotation ranks among the top 10 IPOs of all time......

Snacks maker investing in capacity expansion

FoodBusinessNews
BOULDER, COLO. — Bars and snacks maker Bobo’s announced it is investing $10 million in a new facility in Loveland, Colo. As part of the investment, Bobo’s will consolidate its two bakeries (in Boulder and Loveland) and one warehouse (in Loveland) into one building, a move the company said will......

EV maker Rivian boosts IPO price range, aims for $65 bln valuation

Reuters
Nov 5 (Reuters) – Rivian Automotive, backed by Amazon.com Inc (AMZN.O), on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion in its initial public offering. It had earlier this week aimed for a......

Emergent Biosolutions shares plunge by more than 42% after U.S. cancels deal with Covid vaccine maker

CNBC
CNBC – For more and to sign up click here Test tubes are seen in front of a displayed Emergent logo in this illustration taken, May 21, 2021. Dado Ruvic | Reuters Emergent Biosolutions shares plunged by more than 42% on Friday after the company disclosed it “mutually agreed” with......

Arbor invests in hummus, salsa and dips maker

FoodBusinessNews
CHICAGO — Arbor Investments, a middle-market private equity fund that invests in food, beverage and affiliated companies, has acquired a majority interest in Montreal-based Fontaine Santé Foods. Financial terms were not disclosed. Founded in 1990, Fontaine Santé Foods uses plant-based ingredients to manufacture hummus, refrigerated salsa and dips, tofu, pesto,......

Elizabeth Holmes said she was the ‘ultimate decision maker’ at Theranos in 2017 deposition as her defense team argues the opposite in criminal trial

CNBC
CNBC – For more and to sign up click here If Elizabeth Holmes testifies in her own criminal trial, videotaped depositions may be a clue of how she’ll fare on the stand. Twelve days after she was indicted on fraud charges, Holmes, the CEO and founder of Theranos, sat for......

Freshworks sinks 13% after software maker forecasts lower annual revenue than expected in first quarterly report since IPO

CNBC
CNBC – For more and to sign up click here In this photo illustration a Freshworks Inc logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of customer service and support software maker Freshworks fell more than 15% in extended trading......

Xpeng shares rise after Chinese EV maker delivers more than 10,000 cars for the second month in a row

CNBC
CNBC – For more and to sign up click here Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC GUANGZHOU, China — Xpeng Inc. said it delivered......

China’s EV maker BYD Co raises $1.77 bln – term sheet

Reuters
A woman walks past a BYD sign at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song HONG KONG, Oct 30 (Reuters) – Chinese electric vehicle company BYD Co has priced its shares at HK$276 each to raise $1.77 billon, according to......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More