FILE – In this June 12, 2012 file photo, the Verizon logo is seen at Verizon store in Mountain View, Calif. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo. (AP Photo/Paul Sakuma, File) AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will… Source link

undefined Stocks traded mixed on Monday, with the S&P 500 and Dow looking to kick off May on a high note while the Nasdaq declined. The S&P 500 added about 0.4%, while the Dow jumped by 0.9%. On Friday, the S&P 500 ended ended lower, but still closed out its best month since November with a monthly advance of more than 5%. In April, the communication services and consumer discretionary sectors led gains in the S&P 500, returning to a leadership position after lagging earlier in 2021 amid a… Source link

DETROIT – The philanthropic arm of tech company Google will help the city of Detroit to build a search tool that helps people find affordable housing. Officials announced Monday that the city of Detroit has been chosen to participate in Google.org’s Fellowship Program, through which Google employees will support the city as it works on the affordable housing locator tool free of charge. The goal of the tool is to simplify searching and applying for affordable housing in Detroit by listing… Source link

Here’s what you need to know: Former President Donald J. Trump has continued to deny the results of the 2020 presidential election.Credit…Erin Schaff/The New York Times Facebook’s Oversight Board, an independent and international panel that was created and funded by the social network, plans to announce on Wednesday whether former President Donald J. Trump will be able to return to the platform that has been a critical megaphone for him and his tens of millions of followers. The decision… Source link

This article is part of the On Tech newsletter. You can sign up here to receive it weekdays. Google loves to be different. So it’s no surprise that the company has out-there ideas for the post-pandemic office. As Google starts to bring employees back to offices in some regions, it plans to experiment with ways to give them more elbow room and blend elements of virtual work with in-person collaboration. The goal, as my colleague Dai Wakabayashi described in an article on Google’s vision of… Source link

Bitcoin — all the rage since first crossing the $1,000 price mark in 2017 — is the least exciting crypto asset on the market. Like many “firsts,” Bitcoin enjoys widespread brand recognition, but that recognition doesn’t accurately reflect its value as an asset, particularly in comparison to other available assets in the crypto market.  Bitcoin is to the crypto market what Netscape was to search engines in the early days of the Internet. There’s a need for a better solution, and… Source link

On this week’s episode of the “Posted Up with Chris Haynes” podcast, Cleveland Cavaliers forward Kevin Love revealed that it would be “special” if he had the chance to play for his hometown NBA team: the Portland Trail Blazers. “Who wouldn’t want to play with Dame Lillard, first of all,” Love said on “Posted Up.” “Dame, he’s special. He’s amazing. I claim Portland when they ask me where I’m from. It’s where I spent all of my formative years. I grew up in… Source link

Bloomberg HNA Group Assets Attract Interest From Fosun, JD.com (Bloomberg) — Fosun Group and an arm of JD.com Inc. are among suitors considering investing in domestic operations of HNA Group Co. as the indebted Chinese conglomerate is reorganized after being placed under government control, people with knowledge of the matter said.Ping An Insurance Group Co., Juneyao Airlines Co. and Air China Ltd. have also been studying HNA’s assets, the people said, asking not to be identified because… Source link

Topline Some of the world’s most influential business leaders and corporations on Monday launched an ambitious philanthropic initiative aimed at supporting Asian-Americans and Pacific Islanders as they tackle mounting attacks and harassment.  Billionaire Joseph “Joe” Tsai, co-vice chairman of Alibaba Group Holding Ltd., center, speaks with … [+] attendees during the Asia Global Dialogue conference in Hong Kong, China, on Wednesday, Nov. 22, 2017. © 2017 Bloomberg Finance… Source link

 May 3, 2021 @ 10:40 AM  Have a tip for the newsroom, press release, local event listing or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and becoming a monthly subscriber. Verizon has sold AOL and Yahoo. This time though, a private equity firm is going to take ownership of the two former web leaders. The companies came to rise through the boom of the internet in the late-90s and early-00s. Verizon says it will maintain a 10% stake in the new… Source link