Swedish Ericsson will buy U.S. wireless networking services provider CradlePoint for $1.1 billion to advance its 5G capabilities. Helena Soderpalm and Supantha Mukherjee reported the news for Reuters: Ericsson ERICb.ST has agreed to buy...
Amazon is hiring 100,000 in packing, shipping, and sorting as its online business flourishes amid the pandemic. Joseph Pisani reported the news for the AP: Amazon will hire another 100,000 people to keep up...
TikTok’s parent ByteDance has rejected Microsoft’s bid for the video-sharing platform, which will now partner with Oracle. Echo Wang and Greg Roumeliotis from Reuters reported: ByteDance has abandoned the sale of TikTok in the...
Jane Fraser, the new CEO of Citi, has become the first woman to lead a major Wall Street bank. C Nivedita and Noor Zainab Hussain from Reuters reported: Citigroup Inc C.N named consumer banking...
Luxury goods conglomerate LVMH has dropped its $14.5-billion offer for Tiffany amid the fallout of the coronavirus pandemic and a threat of U.S. sanctions. The AP’s Anne D’Innocenzio reported: Luxury goods giant LVMH is...
The Sidney Hillman Foundation announced Wednesday that Josh Eidelson of Bloomberg Businessweek has won the September Sidney Award for “Covid Gag Rules at U.S. Companies Are Putting Everyone at Risk.” The story showed that...
GM has acquired 11% in EV and hydrogen vehicle startup Nikola in exchange for which it will supply the company with know-how and technology. Alexis Benveniste reported the news for CNN: General Motors and...
Verizon has picked Samsung to build a 5G infrastructure in a $6.6-billion deal. Dee-Ann Durbin reported the news for the AP: Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a...
GM and Honda have signed a preliminary partnership deal to work together on technology and vehicles. Ciara Linnane reported the news for MarketWatch: General Motors Co. and Honda Motor Co. Ltd. said Thursday they...
Financial Times investigative reporter Dan McCrum writes about how German company Wirecard attempted to discredit his reporting about the company. McCrum writes, “At the FT we were dumbfounded. A senior executive at a large publicly listed...
