Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S. In a news release, Allen said the company ...
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years. Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to ...
Elon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday. ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and other firms participated in the round, according to a press release. Neuralink said the fresh capital will help the company bring its technology to more patients and develop new devices that ...
Snacktime is nigh at the Golden Arches. On June 3, McDonald’s announced exactly when the Snack Wrap will return to partipating restaurants nationwide: July 10. And, thankfully, it’s not a limited-time offer, either — it’s here for good. The Snack Wrap, which has been off menus for almost a decade, features one of the chain’s new McCrispy Strips — a ...
Tesla’s long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as a key battleground for self-driving technology. CEO Elon Musk wrote in a post on X last week that the company has been testing Model Y vehicles with no safety drivers on board in the Texas capital for several ...
Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending. The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% to 4.7%, compared to its previous ...
Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many bikes and treadmills collecting dust in people’s homes. The platform, dubbed Repowered, will allow members to post listings for their used Peloton equipment and gear and set a price with help from a generative AI tool, the company ...
Russian and Ukrainian delegates met in Istanbul on Monday for their second set of direct peace talks, a day after Kyiv launched a shock drone attack on Russia’s nuclear-capable bombers, in an operation that President Volodymyr Zelensky said was a year and a half in the making. After the initial round of discussions in the Turkish city last month – ...
Britain will build new attack submarines, invest billions on nuclear warheads and move towards “war-fighting readiness,” Prime Minister Keir Starmer said Monday, as he braces for a landmark report into the state of the country’s military. Starmer’s government said it would build “up to” 12 new attack submarines as part of its AUKUS partnership with the United States and Australia, ...
After too many nights of pulling children from the rubble of Russian drone strikes, the weekend’s devastating attacks on Moscow’s military pride mark a moment of brief respite for Ukrainian morale, and yet another twist of the unexpected in the Kremlin’s war of choice. It may be hard to fathom the precise impact of Ukraine’s wily drone assault on Russian ...