Ally net income surges 82% in Q4

The past year presented one of the most complex operating environments in Ally's history, CEO Jeff Brown told investors......»»

Category: topSource:  autonewsJan 22nd, 2021

Antitrust Advocate Who Coined the Phrase "Net Neutrality" Joins Biden"s White House

Tim Wu coined the phrase "net neutrality". He's the author of The Curse of Bigness: Antitrust in the New Gilded Age , and Bloomberg calls him an "outspoken advocate for aggressive antitrust enforcement against U.S. technology giants." They add that.....»»

Category: topSource:  slashdotRelated News20 hr. 24 min. ago

Automaking is only part of GM CEO"s vision

GM's reach into insurance, robotaxis and electric delivery vans is part of a broader strategy to stretch what's typically a one-time transaction into a wider profit net over the lifetime of the vehicle......»»

Category: topSource:  autonewsRelated News20 hr. 52 min. ago

Income verification is white-hot right now, and Plaid wants in

Fresh off the termination of its planned merger with Visa, Plaid announced Thursday a new income verification product, which it said is aimed at “improving the lending lifecycle” with payroll data. Dubbed simply Income, the new product — wh.....»»

Category: topSource:  techcrunchRelated NewsMar 4th, 2021

Vroom"s Q4 net loss widens on expenses amid record online sales

The online used-vehicle retailer also said it acquired CarStory, a Texas automotive retail analytics and digital services company, in January......»»

Category: topSource:  autonewsRelated NewsMar 4th, 2021

First impressions of AppLovin’s IPO filing

Could a bet on AppLovin then, could be viewed as a wager not on its business income growth, but on the strength of consumer app demand? AppLovin released its S-1 filing yesterday, bringing the Palo Alto-based mobile app-focused software co.....»»

Category: topSource:  techcrunchRelated NewsMar 3rd, 2021

CCL maker EMC to enhance profits with better product mix in 2021

Taiwan-based CCL manufacturer Elite Materials (EMC) expects to further enhance its product mix in 2021 for profit growth, after seeing its net earnings rise 13.85% on year to a record high of NT$3.694 billion (US$131.93 million) in 2020 with total re.....»»

Category: itSource:  digitimesRelated NewsMar 3rd, 2021

B&G Foods Reports Strong Net Sales and Earnings Growth for Fourth Quarter and Full Year 2020

— Net Sales Increased 18.5% and Base Business Net Sales Increased 14.7% for Full Year 2020 — —Net Cash Provided by Operating Activities Increased to $281.5 Million for Full Year 2020— PARSIPPANY, N.J.–(BUSINESS WIRE)–B&G Foods, In.....»»

Category: hostingSource:  dailyhostnewsRelated NewsMar 2nd, 2021

Fishers caught in COVID-19 net, sink into poverty

Lockdown restrictions following the global spread of the COVID-19 pandemic have severely impacted fishing operations, processing, markets and supply chains, leaving those in low-income groups vulnerable to malnutrition and poverty, say the authors of.....»»

Category: topSource:  physorgRelated NewsMar 2nd, 2021

ESMT sees profit hike on rising specialty DRAM prices

Memory-IC design house Elite Semiconductor Memory Technology (ESMT) has reported net profit surged over 50% sequentially and 100% on year to NT$139 million (US$4.99 million) in January 2021, driven by a rally in specialty DRAM prices. EPS for the mon.....»»

Category: itSource:  digitimesRelated NewsMar 2nd, 2021

Compass files S-1, reveals $3.7B in revenue on net loss of $270M

Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, filed its S-1 Monday. The move comes just under one year after the New York-based company laid off 15% of its staff as a result of the shifting economic for.....»»

Category: topSource:  informationweekRelated NewsMar 2nd, 2021

Is the Net Neutrality Debate a Pointless Distraction?

"People may scream at me for saying this, but net neutrality is one of America's longest and now most pointless fights over technology." So argues the New York Times "On Tech" newsletter author Shira Ovide, calling the debate "a distraction for our e.....»»

Category: topSource:  slashdotRelated NewsFeb 27th, 2021

FCC Approves $50 Monthly Internet Subsidies for Low-Income Households During Pandemic

The Federal Communications Commission has approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic. From a report: The agency's $3.2 billion Emergency Broadband Benefit.....»»

Category: topSource:  slashdotRelated NewsFeb 26th, 2021

FCC approves $50 monthly internet subsidies for low-income households during pandemic

The Federal Communications Commission on Thursday approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic......»»

Category: topSource:  cnnRelated NewsFeb 26th, 2021

TPK to see 1Q21 revenues grow 5-10% sequentially

Touch panel modules maker TPK Holding, after seeing its 2020 net profits climb to a three-year high of NT$1.03 billion (US$37 million), expects its first-quarter 2021 revenues to grow 5-10% sequentially thanks to strong demand for large-size tablet a.....»»

Category: itSource:  digitimesRelated NewsFeb 26th, 2021

Carvana Q4 net loss widens on debt costs; revenue surges

The online used-vehicle retailer's revenue and retail sales soared in the fourth quarter, though debt retirement led to a higher net loss......»»

Category: topSource:  autonewsRelated NewsFeb 26th, 2021

Facebook"s Australian Struggles Cast Shadow on Net Policy Around the World

The Social Network faced off with Australia about paying fees for news content; other countries may follow Australia’s example Facebook users in Australia last week found they couldn’t access news and government web pages. That was by desig.....»»

Category: topSource:  marketingvoxRelated NewsFeb 25th, 2021 posts Q4 profit on flat revenue

For the full year 2020,, which offers vehicle-listings services and dealership technology products, reported a net loss of $817.1 million......»»

Category: topSource:  autonewsRelated NewsFeb 25th, 2021

COVID-19 isolation linked to increased domestic violence, researchers suggest

Extra stress in the COVID-19 pandemic caused by income loss, and lack of ability to pay for housing and food has exacerbated the often silent epidemic of intimate partner violence, a new study suggests......»»

Category: biomedSource:  sciencedailyRelated NewsFeb 25th, 2021

Nvidia says $100-$300 million of Q4 revenue came from crypto miners

In its Q4 and fiscal 2021 earnings report, Nvidia posted a record $5 billion in quarterly revenue, up 61 percent year-over-year and reaching net earnings of $1.475 billion. The company's gaming segment accounted for $2.5 billion of that revenue......»»

Category: topSource:  techspotRelated NewsFeb 25th, 2021

TrueCar swings to Q4 net profit on ALG sale

Excluding the ALG unit, the vehicle-listings company reported a loss from continuing operations of $7.7 million in the quarter, compared with a $9.7 million loss in the year-earlier period......»»

Category: topSource:  autonewsRelated NewsFeb 25th, 2021