Business

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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