Search results for "business operations"

Virgin Galactic rolls out latest generation of spaceship

Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert. Company officials said it will likely be summer before the ship — designed and manufactured in California — undergoes glide flight testing at Spaceport America in southern […]

General says attacks by foreign hackers are 'clarion call'

The U.S. Cyber Command conducted more than two dozen operations aimed at thwarting interference in last November’s presidential election, the general who leads the Pentagon’s cyber force said Thursday. Gen. Paul Nakasone did not describe the nature of the operations in testimony to the Senate Armed Services Committee but said they were designed “to get […]

Intel announces Arizona expansion as chipmaker seeks footing

Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new CEO looks to turnaround the struggling chipmaker. The California-based company says the Arizona expansion will cost about $20 billion and create 3,000 permanent jobs as Intel builds a foundry business to provide chips for other […]

China slams US plan to expel phone carriers in tech clash

China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies’ U.S. licenses. It said they are security risks controlled by the communist Beijing government. The […]

Stripe continues cash haul, now valued at $95 billion

The online payment company Stripe continues to attract investors, raising $600 million in funding to reach a whopping company valuation of $95 billion. Stripe is by far the most valuable private fintech company in the world. Robinhood, the trading platform recently making headlines, just raised $3 billion to reach a valuation of around $11.2 billion. […]

Ooredoo reaches top 40 global telcos for the first time

Qatari telecoms giant Ooredoo Group announced on Sunday that it has reached the 40th position in the top 50 global telecommunications brands, up one place from 41 in 2020, as confirmed by the Brand Finance Telecoms 150, 2021 report. This is the fifth consecutive year where Ooredoo Group has appeared on the list, as it […]

As climate fight shifts to oil, Biden faces a formidable foe

President Joe Biden’s bid to tackle climate change is running straight through the heart of the U.S. oil and gas industry — a much bigger, more influential foe than Democrats faced when they took on the coal industry during the Obama years. Coal dominated U.S. power generation for decades, with the bulk of that fuel […]

UK extends job support, tax breaks for pandemic-hit economy

Britain’s treasury chief on Wednesday announced an additional 65 billion pounds ($91 billion) of support for an economy ravaged by the coronavirus pandemic, extending job support programs and temporary tax cuts to help workers and businesses in his annual budget. Chancellor of the Exchequer Rishi Sunak told the House of Commons that it is too […]

Autodesk announces executive leadership team hires

Autodesk, the CAD/CAM software titan, announced Thursday the hiring of Debbie Clifford as chief financial officer and Raji Arasu as chief technology officer. The corporation makes software products and services for the architecture, engineering, construction, manufacturing, media, education, life science and entertainment industry sectors, and has been an industry leader for decades. “We are thrilled […]