Troubled electric vehicle company Lordstown is looking to fix things with the help of new chief executive officer Daniel Ninivaggi. The EV startup has hired auto sector veteran Ninivaggi for the top post almost two months after Steve Burns resigned from the post of CEO. The company was founded by Burns in the year 2019. […]

In a bid to strengthen cybersecurity in the United States, several tech giants have joined hands and committed billions of dollars. Top executives of companies like Google and Microsoft are among those who recently met President Joe Biden at the White House. They discussed ways in which both government and private sector can work together […]

Major League Baseball or MLB has decided to end the 70-year-old relationship with trading card company Topps. The two companies were in partnership since 1952 and Topps had exclusive rights for producing trading cards. Memorabilia leviathan Fanatics has managed to become the new partner. According to people familiar with the development, Fanatics has got the […]

Alibaba Group Holding Ltd. recently dismissed a manager charged with rape, attempting to minimize the damage following an employee’s description of her trauma became public on the internet, exposing “issues” within Alibaba’s workplace. The accuser has claimed that her boss came into her hotel room and raped her when she was inebriated after a night […]

In yet another incident of a data breach, hackers have stolen the personal information of tens of millions of former as well as prospective customers. The wireless carrier said that information that has been leaked include social security number along with driver’s information. The company said that it is investigating the data breach since the […]

DHL Express has become the first express service provider to order 12 all-electric cargo aircraft from startup Eviation. DHL plans to use these electric aircraft to start delivery in 2024. The company is working on building the world’s first electric air cargo network. The unit of German logistics group Deutsche Post is acquiring electric planes […]

Foot Locker is expanding its business by acquiring two smaller show store chains. The American footwear retailer would be investing around USD 1.1. billion in cash for the acquisition. The move will help the retailer to expand its business beyond malls. The company is already operating in around 28 countries and now shifting focus towards […]

Private aerospace company Blue Origin has suffered a setback. The company’s protest against a NASA contract has been squashed. The Government Accountability Office has denied Blue Origin’s challenge to the contract. Blue Origin had protested against NASA’s decision to award a contract to SpaceX. The contract was a part of the agencies’ Artemis program. NASA […]

Electric vehicle startup Rivian is focusing on expanding its footprint beyond the United States. According to reports, the EV manufacturer has been discussing with the British government for weeks about setting up its first international manufacturing plant near Bristol. The talks are still in mid-stage and nothing has been finalized yet. The company is reportedly […]

Scientists from UT Health San Antonio have been analyzing patients who have recovered from COVID19 and are dealing with lingering memory issues to find out why their memory issues persist for so long. They have been looking at the changes their brains go through after recovering from COVID19. They have been examining whether these brain […]

Days after his space trip, billionaire Jeff Bezos has put a USD 2 billion offer to get a contract of NASA’s Human Landing System program. Bezos said that his company Blue Origin will not charge anything for up to USD 2 billion from the US space agency in the current and next two government fiscal […]

Less than a month after Lordstown publicly talked about the fund crisis, the electric vehicle startup has received an investment of USD 400 million. The struggling company had said that it would not be in a position to bring its much-awaited electric pick-up truck to market because of a shortage of funds. However, a hedge […]

Tobacco Giant Philip Morris has said that Marlboro cigarettes will disappear from the shelves of the United Kingdom in the next 10 years. Philip Morris chief executive Jacek Olczak said that it will be replaced with modern alternatives. Olczak has already announced a diversification strategy for Philip Morris. The strategy announced by the company is […]

Over a year after its official launch, Clubhouse has ditched the invite-only feature. There was a time when people eagerly wanted an invite to join the audio-only app. The app was all the rage in the early months of the coronavirus pandemic. People wanted to listen to musings of some of the popular names from […]

A lot of people want their microblogging account to get verified. Twitter is getting thousands of requests regularly ever since it restarted the verification process in May this year. But the company very often rejects these requests. Most of the time users fail to understand the reasons for which the company rejected to give them […]

Volkswagen has decided to stop production and sales of Passat in the United States. The German car manufacturer has decided to launch a Limited Edition model to mark the end of the road for its midsize sedan. Passat Limited Edition will be launched in 2022. Passat was the first sedan car that Volkswagen manufactured at […]

Tobacco group Philip Morris has agreed to buy London-listed drug specialist Vectura USD 1.44 billion or 1.05 billion pounds. This will give the maker of Marlboro cigarettes access to the respiratory ailment treatment and inhaling device technology of the drugmaker. The move by the company is aimed at an image makeover. This is because the […]

A proposal by the Biden government to foster the quick adoption of sustainable power would significantly reduce global warming pollutants, while saving countless lives from severe environmental degradation. A renewable energy standard that achieves the 80% objective by 2030 will save approximately 317,500 lives in the United States in the next 3 decades due to […]

Hewlett Packard Enterprise has announced that it is acquiring cloud disaster recovery startup Zerto. HPE is paying USD 374 million in cash for acquiring the startup. Interestingly, the development comes at a time when the company has disclosed the news about it acquiring the artificial intelligence startup Determined AI. The deal is expected to add […]

Jeff Bezos resigned as the CEO of Amazon, precisely 27 years after he founded the e-commerce monolith from within the confines of his garage in Washington. Bezos will now be handing over the reins to his longstanding subordinate Andy Jassy. However, he will continue to retain significant clout as the corporation’s executive chairman. Amazon grew […]