Tag: acquisitions

  • Lyft hits the gas on its self-driving car plans

    Lyft is ramping up its self-driving cars.Image: Lyft Uber may have stalled out with self-driving cars, but Lyft is just picking up speed. The ride-hailing app’s fairly new self-driving division, Level 5, made its first acquisition, the company announced Tuesday. The London-based augmented reality company Blue Vision Labs will become part of Lyft and help […]

  • GE’s Health Business Is Ready for Its Close-Up

    General Electric Co.’s breakup gives its health-care unit a chance to shine. The industrial company on Tuesday said it would spin off the division as part of a broader restructuring that will also include the divestiture of its stake in the Baker Hughes energy business and a further shrinking of GE Capital. The health-care unit, […]

  • Trump Signals He Favors Less Confrontation With China on Tech

    President Donald Trump signaled he may take a less confrontational path toward curbing Chinese investments in sensitive American technologies, potentially relying on a U.S. committee that scrutinizes foreign acquisitions for national security risks. Trump made remarks Tuesday at the White House that appeared to align with Treasury Secretary Steven Mnuchin’s approach, in an internal administration […]

  • Intel Executive Bench Is Thin After Outgoing CEO Ousted Rivals

    The ouster of dead money" until the company provides clarity on succession. “Given so much change driven by Mr. Krzanich, his departure could make succession planning and further transition challenging,” said Cowen Inc. analyst Matt Ramsay. Intel put Chief Financial Officer Bob Swan in the top job while it looks for a replacement. “We do […]

  • Asda Grew From Humble Roots to Attract Walmart, Sainsbury

    U.K. grocer Walmart Inc. on a combination with the U.S. retailer’s British Asda unit, in a deal that could create a stronger challenger to Amazon.com Inc. Read more: https://www.bloomberg.com/news/articles/2018-04-28/asda-grew-from-humble-roots-to-attract-walmart-sainsbury

  • The Numbers Behind WeWorks Growing Empire

    tapping the bond market for the first time and in doing so, has provided a rare glimpse into the startling numbers behind its breakneck expansion. The co-working company, which is seeking $500 million to finance yet more growth, has amassed a global portfolio of more than 14 million square feet, approaching the size of the […]

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