The total number of high profile investors and venture capital funds continues to increase in 2018 – a trend Space Angels traces back to 2009. Andreeseen Horowitz and Accel Partners are the latest Silicon Valley funds to back space ventures, with the former investing in satellite start-up Astranis and the latter funding World View. Jeff

“Glencore is still evaluating the position under its contracts with Rusal, but notes that these contracts are not financially material to Glencore.” The Switzerland-based company was slated to swap its Rusal shares for a stake in EN+, but will no longer be carrying out the transaction, the statement said. Analysts believe Rusal may have to

Sacramento Bee | Tribune News Service | Getty Images Backpage.com founders James Larkin, left, and Michael Lacey, right, attend a hearing on Aug. 23, 2017 in Sacramento. The founders of Backpage.com and five others at the classified site have been indicted on federal charges in what authorities say was a scheme to facilitate prostitution by

Northrop Grumman built and operated the components that failed during the controversial January launch of the U.S. spy satellite known as Zuma, according to a Wall Street Journal report Sunday. Two independent investigations, made up of federal and industry officials, pointed to Northrop’s payload adapter as the cause of the satellite’s loss, the report said,

Nicolas Asfouri | AFP | Getty Images China’s President Xi Jinping shakes hands with U.S. President Donald Trump (L) during a business leaders event at the Great Hall of the People in Beijing on Nov. 9, 2017. China’s Foreign Ministry said on Monday that the United States was to blame for trade friction and that

Sean Gallup | Getty Images People walk past an original graffiti-covered portion of the Berlin Wall at a spot where the outer layer of the Wall once stood at Potsdamer Platz on October 29, 2014 in Berlin, Germany. The German daily Die Welt is reporting that police have foiled a knife attack on a half-marathon

Pool | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. President Donald Trump is suggesting China will ease trade barriers “because it is the right thing to do” and Washington and Beijing can settle disputes that have rattled financial markets, consumers and

China’s announcement this past week also concerns other agricultural commodities, particularly wheat, frozen beef and cotton. “It is unsettling to see American-produced beef listed as a target for retaliation,” said Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association. “This is a battle between two governments, and the unfortunate

As the U.S.-North Korea summit looms, President Donald Trump‘s maximum pressure policy on North Korea may be working — thanks to China. Beijing appears to have gone well beyond U.N. sanctions on its unruly neighbor, reducing its total imports from North Korea in the first two months this year by 78.5 and 86.1 percent in

Former NBA champion Lamar Odom is promoting a new venture. The 38-year-old is starting a business for marijuana-based products, a growing market in states where pot is legal. Odom, who last summer opened up about his cocaine addiction that nearly cost him his life, said in a press release Thursday that he found marijuana to

In the midterms, China could continue to target agricultural products in states where Republicans hope to pick up Senate seats and avoid a Democratic wave, including Indiana, North Dakota and Missouri. Nebraska GOP Sen. Ben Sasse was among the most critical of Trump’s trade moves on Thursday. “Hopefully the president is just blowing off steam

Superintelligence — a form of artificial intelligence (AI) smarter than humans — could create an “immortal dictator,” billionaire entrepreneur Elon Musk warned. In a documentary by American filmmaker Chris Paine, Musk said that the development of superintelligence by a company or other organization of people could result in a form of AI that governs the

Ford is recalling 350,000 vehicles for a transmission issue that could result in the car moving after the driver has placed it in park and removed the keys. Ford said it is aware of one reported accident and injury related to the issue. The recall applies to some 2018 Ford F-150 trucks and 2018 Expedition

Now the CEO of China’s largest restaurant company, Joey Wat didn’t always know that she would end up in food retail — let alone be the leader of a major group. So for those who are just starting out in their careers and are undecided on what they truly want to do, Wat has some

Target has agreed to pay $3.74 million and upgrade its hiring process to settle a lawsuit claiming its use of criminal background checks kept thousands of black and Hispanic job applicants from employment. The preliminary settlement filed on Thursday with the U.S. District Court in Manhattan requires a judge’s approval. It resolves claims that the

Bumble retaliated by publishing an open letter as an ad in The New York Times and the Dallas Morning News. “Dear Match Group,” the letter began. “We swipe left on you. We swipe left on your multiple attempts to buy us, copy us, and, now, to intimidate us. We’ll never be yours. No matter the

Department store chain Sears Holding Corp and Delta Air Lines Inc said on Wednesday some of their customer payment information may have been exposed in a cybersecurity breach at software service provider [ 24]7.ai. Sears said it was notified of the incident in mid-March and the incident led to unauthorized access to the credit card

Nike also revealed its gender pay gap for UK employees – data that companies with 250 employees or more in the UK are legally required to disclose. Nike found that on average, UK men earned 10 percent more in hourly pay than women who work in the wholesale division. Men earn on average 3 percent

Amazon may make an offer to buy Indian e-commerce giant Flipkart, an Indian newspaper reported Wednesday. Flipkart is already in advanced talks with Walmart to sell a majority stake to the U.S. retailer but Amazon has held its own exploratory discussions to buy the company, India’s Mint newspaper said on Wednesday. Citing two unnamed sources

Swiss Re said on Wednesday that talks with SoftBank over a minority stake of no more than 10 percent in the reinsurance giant were continuing and “at an early stage”. Swiss Re also reiterated that it was not considering the issuance of new capital for the possible investment by the Japanese company. The reinsurer said

Wall Street is reacting to President Donald Trump‘s Twitter feed. Investors should take note too. “In every instance where the president has tweeted about a company, that’s been a buying opportunity,” Jason Ware, chief investment officer and chief economist at Albion Financial Group, told CNBC on Tuesday. “Whether you look at Boeing, Lockheed, you name

Lockheed Martin has won a nearly quarter-billion dollar NASA contract to develop a plane capable of supersonic speed without creating the deafening sonic boom that comes with breaking the sound barrier. The cost-plus NASA contract, valued at $247.5 million, will allow the defense contractor’s secretive Skunk Works division to continue development of Lockheed Martin’s Quiet

Twenty-First Century Fox said it could legally separate Sky News within the wider Sky group to allay the concerns of a British regulator about the news service’s continuing independence under Rupert Murdoch’s ownership. It also said it could sell the 24-hour news channel to Walt Disney if its bid to acquire the 61 percent of

That’s entirely possible, said Alexander Capri, visiting senior fellow at National University of Singapore. Still, it’s nearly impossible for companies to completely ignore the U.S., he added. To leapfrog American tariffs, some Pacific-based corporations that can’t afford to be excluded from the U.S. market may move manufacturing stateside, which would harmonize with the White House’s

Private equity firm Veritas Capital plans to acquire a health-care technology unit from General Electric, the firms said Monday. Veritas will buy GE’s revenue-cycle, ambulatory care and workforce management software unit, which includes the value-based care division, for $1.05 billion in cash. In a statement, Veritas CEO Ramzi Musallam said the firm sees a “tremendous

Airbnb may seem like an overnight success story. In 2008, three college graduates put their heads together from an apartment in San Francisco and completely reimagined the way we see vacation accommodation. Today, just ten years on, their platform features more than 4.5 million rental properties, from Scandinavian tree-houses to Fijian private islands. But it

SpaceX succeeded in its sixth launch of 2018, putting the fifth batch of Iridium NEXT satellites into orbit using a previously-flown Falcon 9 rocket. Launched Friday from the central coast of California, Elon Musk’s rocket company has now put up 50 Iridium satellites for the next-generation constellation. SpaceX announced before the launch it would “not

SpaceX began its launch Friday morning from the central coast of California, in an attempt to send Iridium NEXT satellites into orbit on a previously-flown Falcon 9 rocket. Elon Musk’s rocket company live streamed part of the launch from Vandenberg Air Force Base. The mission is currently still in progress. The space company will attempt

The New York Stock Exchange (NYSE) is in talks to acquire the Chicago Stock Exchange, the Wall Street Journal reported on Friday citing sources. Chinese-led North America Casin Holdings was previously trying to acquire CHX Holdings, the parent company of the Chicago Stock Exchange, but the deal collapsed in February after it was rejected by

M&A volumes doubled in Europe in the first quarter, while the United States was up 67 percent and Asia was up 11 percent. “The better macro-economic environment in Europe has created greater confidence to get things done. Deals that have been in the works for a long time are now coming to fruition and some