(Reuters) – Cooley and Sullivan & Cromwell are taking the lead advising Uber Freight on its plans to pick up transportation logistics company Transplace for roughly $2.25 billion. Signage is seen on the exterior of the building where law firm Cooley LLP is located in Manhattan, New York City, U.S., […]
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U.S. $4.7 billion grant program’s tech woes take toll on justice groups By Reuters
© Reuters. FILE PHOTO: The seal of the United States Department of Justice is seen on the building exterior of the United States Attorney’s Office of the Southern District of New York in Manhattan, New York City, U.S., August 17, 2020. REUTERS/Andrew Kelly/File Phot By Sarah N. Lynch WASHINGTON (Reuters) […]
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Amazon To Buy MGM For $8.45 Billion
NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying $8.45 billion for MGM, making it the company’s second-largest […]
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Interior Department Set to Spend $1.6 Billion on Upkeep of Public Lands
WASHINGTON—The Interior Department is ready to spend its first $1.6 billion from last year’s major new conservation funding law, primarily on transportation and recreation facilities at national parks and Native American schools, department leaders said Friday. The first major spend, $3 million by the National Park Service, will help to […]
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Catholic Dioceses Scored $1.5 Billion In COVID-19 Relief Funds Meant For Small Businesses
When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government’s signature small business relief program for more than $8 million. The diocese’s headquarters, churches and schools landed the help even though they had roughly $100 […]
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Meet Whitney Wolfe Herd, the 31-year-old CEO of the female-led dating app Bumble that just reportedly filed for a $6 billion IPO
Bumble CEO Whitney Wolfe Herd. Getty/Vivien Killilea Once a victim of online harassment, Whitney Wolfe Herd is working to make the internet a kinder place for women with female-led dating app Bumble. Before Bumble, Wolfe Herd cofounded rival dating app Tinder, but left the company two years later and filed […]
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Here’s What’s In Congress’ $900 Billion COVID-19 Relief Deal
WASHINGTON — After months of delays, Congress finally has agreed to a $900 billion deal on COVID-19 relief, giving jobless Americans some respite with direct payments and unemployment insurance, as well as funding for public schools and vaccine distribution. Perhaps of greatest interest to most Americans will be the stimulus […]
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AMD Agrees to Buy Rival Chip Maker Xilinx for $35 Billion
Advanced Micro Devices Inc. plans to buy rival chip maker Xilinx Inc. in a $35 billion deal, adding momentum to the consolidation of the semiconductor industry that has only accelerated during the pandemic. AMD and Xilinx on Tuesday said the companies reached an all-stock deal that would significantly expand their […]
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Alibaba is spending more than $3 billion to dominate online groceries in China
Alibaba is spending 28 billion Hong Kong dollars ($3.6 billion) to up its stake in Sun Art Retail Group from 36% to 72%, the company said in a statement Monday. The company will then make a general offer to shareholders to buy out the rest of the the retail company. […]
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BTS’s Loyal Army of Fans Is the Secret Weapon Behind a $4 Billion I.P.O.
It’s 10:30 on a Monday night, and Ashley Hackworth is putting the final touches on a personal project to make the world’s biggest boy band a little bit bigger. Ms. Hackworth, who teaches English in South Korea, is on a Zoom call with five other fans of the Korean pop […]
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A $2 Billion Ski Development Near Park City Creates an Avalanche of Controversy
One of New York City’s most prominent real-estate developers is betting years of his life—and a nine-figure sum—that he will be the first in four decades to successfully build a new, full-service ski resort in the United States. The obstacles are legion. The local approvals process can be lengthy and […]
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How Figma CEO Dylan Field grew the $2 billion design software startup
The demand for user experience and product design in tech are growing, and apps like Instagram, Uber, Slack, TikTok, and even Starbucks have become popular largely because of their design. Figma CEO Dylan Field launched the design software company to help teams better collaborate on their designs online. The growth […]
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Lego Makes a Hundred Billion Bricks a Year. CEO Niels Christiansen on Why They’re Now More Important Than Ever
A portrait of LEGO CEO Niels Christiansen LEGO CEO Niels Christiansen Credit – LEGO (Miss this week’s The Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, Sept. 20; to receive weekly emails of conversations with the world’s top CEOs and business […]
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Meet Whitney Wolfe Herd, the 31-year-old CEO of the female-led dating app Bumble that’s about to file for a $6 billion IPO
Bumble CEO Whitney Wolfe Herd. Getty/Vivien Killilea Once a victim of online harassment, Whitney Wolfe Herd is working to make the internet a kinder place for women with female-led dating app Bumble. Before Bumble, Wolfe Herd cofounded rival dating app Tinder, but left the company two years later and filed […]
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How Bumble grew from a female-focused dating app to a global behemoth that’s reportedly headed toward an IPO valued at more than $6 billion
Bumble CEO Whitney Wolfe Herd. Evan Agostini/Invision/AP Female-focused dating app Bumble was founded in late 2014 by Whitney Wolfe Herd and Andrey Andreev, the founder of dating app Badoo. Wolfe Herd was one of the cofounders of Tinder, but she left the company and later filed a sexual harassment lawsuit […]
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Elon Musk just made $8 billion in one day. Here’s how the CEO makes and spends his $84.8 billion fortune.
Tesla Elon Musk, CEO of Tesla Motors, reacts to a reporter’s question following the electric automaker’s initial public offering on Nasdaq, Tuesday, June, 29, 2010 in New York. AP Photo/Mark Lennihan Sources: MONEY, Esquire – Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future Musk graduated with a bachelor’s degree in physics […]