Salesforce to buy Slack for $27.7 bln
Salesforce will buy Slack for $27.7 billion in what will be one of the biggest deals in the software industry. Ari Levy from CNBC reported: Salesforce is making the biggest acquisition in its 21-year...
Tagged: Company coverage
GM scraps plan to invest $2 bln in EV startup
GM has revised its plans to take a minority stake in EV startup Nikola, instead agreeing on a “supply partnership”. CNBC’s Michael Wayland reported: Shares of Nikola plunged during trading Monday after General Motors...
Judge denies SBA request to stay order for informaton
A federal judge on Tuesday formally denied the U.S. Small Business Administration’s request for a stay and said the agency must release detailed information about what companies received loans from the $659 billion Paycheck...
GM to recall 7 million cars on faulty airbag inflators
GM will recall some 7 million cars worldwide that contain potentially dangerous airbag inflators. David Shepardson reported for Reuters: General Motors Co will recall 7 million vehicles worldwide with potentially dangerous Takata air bag...
Guitar Center files for bankruptcy court protection
Guitar Center has filed for Chapter 11 bankruptcy protection, becoming the latest nonessential retailer to fall victim to the pandemic. Bloomberg’s Katherine Doherty reported: Guitar Center Inc., the largest U.S. retailer of music instruments...
Seattle Times moves Long to Amazon beat
Seattle Times real estate reporter Katherine Long is moving to a new beat — covering Amazon.com. She also covered the Port of Seattle. “It’s bittersweet to move off the real estate beat. But plenty...
Biz media win case against SBA to release PPP loan details
A federal judge has ruled that the U.S. Small Business Administration must release detailed information about Paycheck Protection Program loans, reports Matthew Kish of the Portland Business Journal. Kish reports, “The judge made the ruling in...
Peloton posts strong Q1 results
Peloton reportes strong revenues and a profit for the first quarter of its financial year, expecting the trend to continue. Jeremy C. Owens reported the news for MarketWatch: Peloton PTON, +6.77% on Thursday reported...
Walmart scraps robotics plan
Walmart has ended a plan to replace human workers with robots in a bid to automate some tasks at its stores. The Wall Street Journal’s Sara Nassauer reported the news: Walmart Inc. WMT 1.19%...
Walmart removes guns and ammo from sales floors
Walmart has removed gun and ammunition displays from all its store sales floors to avoid theft if civil unrest escalates. Sarah Nassauer reported the news exclusively for the Wall Street Journal: Walmart Inc. WMT...
