Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
Edge AI solution provider Gorilla Technology to trade on Nasdaq via SPAC
Gorilla Technology Group, a leading edge analytics AI solution provider headquartered in Taiwan, will become a publicly-traded company on Nasdaq through the merger with Global SPAC Partners, a special purpose acquisition company (SPAC)......»»
Stellantis going full throttle on electric vehicles, plug-in hybrids at CES 2022
Stellantis' CES 2022 booth will be chock-full of EVs and plug-in hybrids from Jeep, Fiat, and Citroën......»»
Meta investors are sick of the scandals and want more oversight
Shareholders want greater oversight of “risks to public safety.” Enlarge / A worker picks up trash in front of the new logo in front of Meta's headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty I.....»»
Meta Shareholders Call for Oversight Audit
A group of Meta shareholders, along with the Campaign for Accountability, has submitted a resolution calling for an independent evaluation of the board's ability to oversee public safety on Facebook's platforms, Axios has learned. From the report: Fa.....»»
Excellence starts production in US
LED automotive lighting module maker Excellence Optoelectronics (EOI) in early December inaugurated EOI Pioneer, its US-based subsidiary, to kick off production in the country for General Motors (GM), Ford Motor, Chrysler and Tesla's tier-1 supply ch.....»»
Vodafone and Orange "discussed" possible merger
Reports suggest Vodafone and Orange held talks, but French government opposition ended prospect......»»
FTC sues Nvidia to preserve Arm’s status as “Switzerland” of semiconductors
Regulator's lawsuit threatens to scuttle the largest chip merger in history. Enlarge (credit: Arm) The Federal Trade Commission has sued to block Nvidia’s acquisition of Arm, the semiconductor design firm, saying that the bl.....»»
SEBI and MCA: Suggestions towards easing provisions related to buyback of own securities
Globally, companies have been resorting to buyback of their own equity shares to return surplus cash to shareholders. It is increasingly being preferred by companies over dividends as a tool to manage capital structure, thereby resulting in increase.....»»
Microsoft shareholders back protest vote over sexual harassment claims
Company called on to reveal more about handling of claims in wake of pervasive cases. Enlarge / The shareholder revolt comes in the shadow of recent cases and the revelation that co-founder Bill Gates had a relationship with a company.....»»
UK orders Facebook to sell Giphy, rejects Meta’s proposed merger conditions
UK agency says "behavioral remedies" won't fix problem, so a breakup is needed. Enlarge (credit: Getty Images | Anadolu Agency ) The UK's Competition and Markets Authority (CMA) today ordered Facebook owner Meta to sell Giphy,.....»»
Using machine learning to derive black hole motion from gravitational waves
The announcement that the Laser Interferometer Gravitational-wave Observatory (LIGO) had detected gravitational waves during the merger of two black holes sent ripples throughout the scientific community in 2016. The earthshaking news not only confir.....»»
Increase in shareholder activism around environmental, social and governance issues
In 2020, for the first time in Australia, more than half the shareholders of a public company voted in support of a climate change resolution put forward by shareholders in the face of opposition from the company's board of directors......»»
Waymo Will Start Operating In NYC
Waymo will start driving its autonomous Chrysler Pacifica vans in New York City on November 4th. Engadget reports: This and a later wave of Jaguar I-Pace EVs will rely on human drivers to map streets and learn from the environment, and there aren't a.....»»
Facebook says it"s facing "government investigations" related to whistleblower documents
Facebook acknowledged to shareholders this week that it is facing "government investigations" related to the tens of thousands of pages of internal company documents leaked by whistleblower Frances Haugen......»»
CM Group Merges With Customer Engagement Company, Cheetah Digital
CM Group, a portfolio of marketing technology companies focused on multichannel digital marketing, announced its merger with Cheetah Digital last week. Continue reading........»»
Trump to launch social media platform to compete with Twitter and Facebook
Former US president to go public with TRUTH Social via merger with SPAC. Enlarge (credit: Chris Delmas | Getty Images) Donald Trump is launching a social media platform called TRUTH Social, which will go public via a merger wi.....»»
Facebook fined $70 million by UK regulators for not cooperating on Giphy acquisition investigation
Facebook acquired Giphy over a year ago for an undisclosed sum, but some reports claim the deal was valued at around $400 million. Soon after the takeover, the UK antitrust watchdog opened an investigation concerning the merger due to how it could af.....»»
Tether Fined $41 Million For Lying About Fiat Currency Backing
An anonymous reader quotes a report from Bloomberg: Tether will pay $41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies, putting a major compliance headache behind the world's biggest issuer o.....»»
Microsoft Agrees To Human Rights Review in Deals With Law Enforcement, Government
Microsoft, which has faced pressure from employees and shareholders over contracts with governments and law enforcement agencies, agreed to commission an independent human rights review of some of those deals. From a report: The move came in response.....»»
Shareholders pressure Microsoft into expanding its right-to-repair efforts
The promises are vague, but we should know more by mid-2022. Enlarge / The Surface Pro 8's replaceable SSD. (credit: Andrew Cunningham) Microsoft's Xbox and Surface hardware may be getting easier to repair, according to a pres.....»»