For tech companies, years of easy money yield to hard times
Many tech companies are seeing their fortunes reverse and their dreams dim. They are reducing roles, cutting back, watching their financial valuations shrivel.
Business
Rupert Murdoch calls off proposed Fox-News Corp merger
Billionaire mogul says in letter that proposal to reunite companies he split up a decade ago ‘not optimal’ for shareholdersFox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp, in a deal that would …
CEOs Downplay Anticipated Gridlock on Capitol Hill, Defense Spending Cuts
Lockheed, Raytheon chiefs also say pandemic-era supply-chain woes are subsiding.
SEC Scrutiny Blocks Some Crypto Firms From Going Public
Crypto companies seeking to go public over the past year have faced increased scrutiny from the Securities and Exchange Commission, as financial distress and failures spread across the volatile industry. WSJ: Crypto-focused companies including Bullish …
Advanced F-16 Version Makes First Flight, Lockheed Says
Five countries have ordered the fighter jet’s Block 70 variant, and the company is looking for more customers.
‘The kids loved it’: readers on taking part in National Grid energy-saving trial
More than 1m households and businesses have signed up to get paid to cut back on power usageHouseholds were paid to cut back on their electricity use for an hour on Monday evening in the first test of a National Grid scheme aiming to cut energy consump…
There’s Bipartisan Agreement on One Thing: Ticketmaster Sucks
The partisan divisions we’ve become used to on Capitol Hill are if anything even more stark in the new 118th Congress. But so far, there is one thing Democrats and Republicans in the House and Senate seem to agree on: Ticketmaster is a problem. From a …
Raytheon to Combine Missiles and Defense Division with Intel and Space Business
Company also names Christopher Calio president.
MPs to recall Royal Mail boss to parliament to face questions
Simon Thompson has been summoned back over accuracy of evidence he gave to committeeRoyal Mail boss has a shocker as meeting with MPs doesn’t go well | Nils PratleyThe chief executive of Royal Mail is to face a rare recall to parliament to face questio…
Uganda begins oil drilling, hopes for production by 2025
Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025.