Text size Pau Barrena / AFP via Getty Images Shares of mobile device maker Qualcomm jumped into trading on Tuesday after the U.S. Court of Appeals for the Ninth Circuit ruled against the Federal Trade Commission in a major anti-trust case. Qualcomm (ticker: QCOM) stock gained 3.6% to $ 110.24 …
Read More »SoftBank-backed Plenty to supply 430 Albertsons stores in California
An Albertsons store in Laguna Niguel, California Scott Mlyn | CNBC Vertical Farmer Plenty, an ag-tech unicorn backed by SoftBank, announced a partnership with Albertsons on Wednesday, marking the company’s first major retail sale. Under the multi-year agreement, Plenty 430 stores at Albertsons in California will provide four types of …
Read More »Elon Musk splits Tesla stock market after rising stock prices
Elon Musk’s Tesla is set to make its shares more affordable for supporters after announcing a five-way stock split, the first in its history, on the back of a record year of growth for the electric car maker. The company said on Tuesday that the share split would be made …
Read More »WeChat owner Tencent Q2 revenue raises expectations of gaming strength
Tencent Holdings Ltd. WeChat app will be displayed in the App Store on a smartphone in an arranged photo taken in Arlington, Virginia, on Friday, August 7, 2020. Andrew Harrer | Bloomberg | Getty Images Tencent on Wednesday reported results for the three months to end-June that beat analyst expectations …
Read More »GM Financial Chief Dhivya Suryadevara steps down in surprise departure
General Motors Co. Chief Financial Officer Dhivya Suryadevara will leave the company for online commercial company Stripe Inc., a surprise departure for one of the auto-maker’s fastest-growing stars. GM confirmed Tuesday that Ms Suryadevara has left the company for an unknown opportunity outside the auto industry. Stripe in San Francisco …
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