Aveva buys OSIsoft for $5 billion Softbank cashes out
UK based software company Aveva, majority-owned by French automation specialist Schneider Electric, struck a merger deal to acquire OSIsoft, the U.S.-based data management company...
Decrease in fuel demand signals economic recovery difficulties
Fuel demand has decreased following a recent surge in fuel consumption throughout the summer, pointing to potential economic recovery challenges.
From mid-April to late June,...
Nexstar launches News Nation Sept 1, pledges unbiased journalism
At 7 p.m., Sept. 1, on Tuesday the launch of News Nation is a prime-time newscast that pledges to return cable news to unbiased reporting....
Apple settles class-action lawsuit regarding Powerbeats 2 earbuds
Anyone who bought a pair of wireless Powerbeats 2 earbuds before Aug. 7, may receive a part of the $9.75 million settlement that Apple...
MGM Resorts announces sweeping layoffs of 18,000 furloughed workers
MGM Resorts has announced intentions to lay off 18,000 furloughed workers, about one-third of MGM’s pre-pandemic workforce of 68,000 employees across the U.S.
The announcement...
Builders FirstSource merger all-stock deal creates mega-giant
The all-stock merger of Dallas-based Builders FirstSource and BMC Stock Holdings (BMC) of Raliegh, North Carolina, has created a mega-giant building materials supplier. The deal...
Bed, Bath and Beyond, Cisco Systems and more plan layoffs
The moratorium on layoffs for companies that accepted federal funding or Payroll Protection Program (PPP) loans is expiring. And even those that didn't take the...
GM battles unions over recent hiring of salaried employees
General Motors (GM) has clashed with the United Auto Workers union in a dispute over the company’s hiring of salaried workers for its pickup-truck...
American Airlines planning to cut 19,000 jobs by Oct. 1
American Airlines has announced plans to cut 19,000 workers by Oct. 1 to cope with falling demand as a result of the COVID-19 pandemic.
The...
Teva charged with conspiracy to fix prices, rig bids for generic drugs
Teva Pharmaceuticals USA has been charged with conspiracy to fix prices, rig bids, and allocate customers for generic drugs by the U.S. Department of...
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The first LSD and Psilocybin Company MindMed wants to trade on...
MindMed, a company focused on developing next-generation psychedelic medicines to mental and behavioral health problems including substance use disorder, filed an application for an...
