Tag Archives: billion

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so. By Anna Rzhevkina and Gleb Stolyarov MOSCOW: Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their… Source link

MOSCOW (Reuters) -Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added that it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion. The restructured joint venture MLU will continue to focus on mobility businesses, including ride-hailing and car… Source link

The Education Department (ED) is discharging $1.1 billion for 115,000 defrauded former students of the for-profit ITT Technical Institute (ITT) after a new review of existing regulations. ITT Technical Institute filed for bankruptcy in 2016 and shut down all campuses, affecting 149 locations and roughly 40,000 students, amid lawsuits and investigations over alleged predatory lending practices. “For years, ITT hid its true financial state from borrowers while luring many of them into taking… Source link

By Nate Raymond and Tom Hals (Reuters) -At least six U.S. states, including Georgia, did not fully sign on to a proposed $26 billion settlement with three drug distributors and Johnson & Johnson, which have been accused of fueling the nation’s opioid epidemic, according to the states’ attorneys general. States had until Saturday to decide whether to support the $21 billion proposed settlement… Source link

Google Chrome has over two billion users worldwide and dominates the web browser market. But this also makes it the prime target of hackers and now Google has issued its fourth urgent upgrade warning in two months.  Google has warned users about seven new ‘High’ security risks in Chrome LightRocket via Getty Images MORE FROM FORBESGoogle Issues New Chrome Update Warning Following Eighth ‘Zero Day’ Hack In 2021By Gordon Kelly In an official blog post, Google has revealed seven… Source link

NEW ALBANY, Ohio (WCMH) — Search engine giant Google is planning to invest an additional $1 billion to expand its data center in New Albany. The company made the announcement in a press release Thursday. Amazon looking to Ohio as a site for retail department stores, WSJ reports In addition, the company says it has acquired 618 more acres of land in Columbus and Lancaster for potential future data center locations. Google broke ground on the New Albany site at the… Source link

Google will invest an additional $1 billion into its data center operations in New Albany while buying land in Columbus and Lancaster for more data centers. The Columbus site is the home of the old Hartman Farm off of South High Street. “We are delighted that Google Cloud has committed to expanding its presence in Ohio, further solidifying the state’s position as one of the country’s leading destinations for cloud technology investment,” Gov. Mike DeWine said Thursday in a statement…. Source link

Target (TGT) delivered solid results for the second quarter and joins a select few retailers — namely rival Walmart — in saying the COVID-19 Delta variant hasn’t led to a marked sales slowdown for the all-important back-to-school shopping season even as consumer confidence has begun to wane. “While the current environment remains volatile, our results over the last 18 months have proven conclusively that our team and operating model can seamlessly adapt to changes in the environment, and… Source link

(Bloomberg) — Elon Musk was acting as a proper chief executive officer as Tesla Inc. weighed the purchase of power provider SolarCity in 2016, his longtime ally and fellow Tesla director Antonio Gracias told a judge. A two-week trial over the billionaire CEO’s role in the $2 billion transaction wrapped up on Monday, and now Judge Joseph Slights III must decide whether Musk — who was the solar company’s chairman and largest shareholder at the time — properly removed himself from the… Source link

The Internal Revenue Service sent the second set of monthly Child Tax Credit payments to families of nearly 61 million children — worth $15 billion — this week. But some recipients may face delays, getting their payments in the mail instead of by direct deposit due to a technical glitch. “Today 61 million children across America are benefiting from the advance Child Tax Credit, helping families put food on the table and meet the needs of the next generation,” Deputy Treasury Secretary… Source link