Tag Archives: billion

Google says it is doubling down on the office. The Alphabet Inc. GOOG -1.10% unit said it would spend $7 billion this year on expanding its footprint of offices and data centers across the U.S., including pouring $1 billion into its home state of California. The search-engine giant said it would hire at least 10,000 new full-time staff over the course of the year in anticipation of a post-pandemic recovery… Source link

(Bloomberg) — National Grid Plc agreed to buy PPL Corp.’s U.K. electricity distribution business for 7.8 billion pounds ($10.9 billion), a move that will transform the company as it prepares for a low-carbon future. The biggest U.K. utilities transaction in a decade highlights how crucial grids have become as nations figure out how to navigate the shift to electricity from fossil fuels. Distribution grids, the local networks that feed directly into homes and businesses, are at the heart of… Source link

(Reuters) – Alphabet Inc’s Google will invest $7 billion in offices and data centers across the U.S. this year, down from the $10 billion last year, and create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The latest investment includes expansion plans for data centers in Nebraska, South Carolina and Texas, and its offices in Atlanta, D.C., Washington, Chicago and New York. Google is also spending $1 billion in its home state of California. The move… Source link

DANA POINT, CA – OCTOBER 19: Ruth Porat speaks onstage at the Fortune Most Powerful Women Summit 2016 at Ritz-Carlton Laguna Niguel on October 19, 2016 in Dana Point, California. (Photo by Joe Scarnici/Getty Images for Fortune) Tech giant Google (GOOG, GOOGL) on Thursday announced it will spend $7 billion this year on an expansion of its U.S. facility footprint, adding at least 10,000 jobs across a host of cities, among them Atlanta, Washington, D.C., Chicago, and New York. The investment… Source link

The coronavirus pandemic and remote work aren’t slowing Google’s massive real estate expansion in California. The tech giant plans to invest more than $1 billion on office projects in the state this year, a sharp contrast to the dozens of tech companies that are slashing their real estate. “I believe a lasting economic recovery will come from local communities, and the people and small businesses that give them life. Google wants to be a part of that recovery,” CEO Sundar Pichai said… Source link

‘Grow with Google’ Vice President Lisa Gevelber explains Google’s professional certification training program which could lead to opportunities in high-growth fields. Google plans to invest more than $7 billion into opening new offices and expanding data centers across the country and creating at least 10,000 new full-time jobs in the U.S. this year. Alphabet CEO Sundar Pichai said Thursday that the parent company of Google “wants to be a part” of the country’s economic recovery… Source link

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google says it plans to spend more than $7 billion on real estate across the U.S. in 2021 as it resumes spending in the wake of the Covid-19 pandemic. The company said the money will go toward expanding offices and data centers across 19 states, creating what will amount to at least 10,000 full-time jobs. Some $1 billion will go… Source link

(Bloomberg) — Trading platform EToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial dealmaker Betsy Cohen. The agreement with FinTech Acquisition Corp. V values the combined company at about $10.4 billion, according to a statement Tuesday confirming a Bloomberg report. The companies are raising about $650 million in equity to support the deal. Investors in the equity transaction included ION Investment Group, Softbank Vision Fund II,… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

(Bloomberg) — Digital games company Roblox Corp., transformed into a cultural icon during the coronavirus pandemic, made its public debut Wednesday with its shares rising 7.8% from its opening price. Roblox is one of the few companies that have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. The company’s shares, which opened trading at $64.50 apiece, closed at $69.50 in New York,… Source link