Former Alibaba CEO quits cloud unit in surprise move amid landmark restructuring
Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company's cloud division in a surprise move announced just months after he assumed the pivotal role.
2023-09-11 16:46
Instacart to target valuation of up to $9.3 billion in IPO -source
Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public
2023-09-11 05:56
Exclusive-SoftBank's Arm eyes pricing IPO at top of range or above-sources
By Echo Wang and Anirban Sen NEW YORK Arm, the chip designer owned by SoftBank Group Corp, is
2023-09-11 05:47
CPAP maker Philips agrees to pay at least $479 million to users over recalled devices
CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced Thursday.
2023-09-09 02:45
SoftBank's Arm IPO currently six times oversubscribed-source
By Echo Wang NEW YORK Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp that is
2023-09-09 01:50
Alibaba's grocery unit IPO put on ice amid disappointing valuation - Bloomberg News
(Reuters) -China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain
2023-09-08 23:29
Apple shares slide after China government iPhone ban reports
The technology giant's stock market valuation has fallen by almost $200bn in the last two days.
2023-09-08 10:57
Paqui voluntarily removing One Chip Challenge product from shelves
Tortilla chip brand Paqui says it is voluntarily removing its ultra-spicy "One Chip Challenge" from shelves after a Massachusetts family claims their 14-year-old son may have died from complications from the challenge.
2023-09-08 10:56
Arm touts cloud computing expansion, royalties to IPO investors
By Echo Wang and Svea Herbst-Bayliss NEW YORK SoftBank Group Corp's Arm Holdings Plc on Thursday told potential
2023-09-08 06:48
Apple lost $200 billion in two days after reports of iPhone ban in China
Shares of Apple fell by 2.9% on Thursday following reports that China plans to expand a ban on the use of iPhones to government-backed agencies and companies.
2023-09-08 04:54
Exclusive-U.S. sports league caps maker New Era prepares for IPO-sources
By Abigail Summerville, Echo Wang and Anirban Sen NEW YORK New Era Cap LLC, a supplier of major
2023-09-08 04:24
Dutch company Philips reaches U.S. settlement over respirators
PARIS Philips and some of its local units reached an agreement to resolve all economic loss claims in
2023-09-07 20:16