DIRS.INFO The most relevant business & tech news

☆ Nashville's startup scene is booming. Here's why investors and founders are moving to 'Music City'
▼ + stars: | 2023-11-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +11 min

NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. As more investors and founders are flocking to explore Nashville's booming health care and technology scene, Shah said he gets recognized regularly. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesNicknamed "Music City," Nashville is chock-full of country singers and perpetually buzzing with live music. (Photo by Robert Alexander/Getty Images) Robert Alexander | Archive Photos | Getty ImagesNashville's health tech startup scene has also benefited from significant investment from local organizers and government officials. Eligible Nashville entrepreneurs can also become members of the Greater Nashville Technology Council and the Nashville Health Care Council.

Persons: Robert Alexander, Robin Shah, Shah, Pavlo Gonchar, Kyle Cooksey, Bill Frist, Cooksey, John Bass, Bass, Ellen Herlacher, Luke Benda, it's, Cerner, It's, Vanderbilt, Marcus Whitney, Whitney, Benda, Landon Gibbs, Gibbs, Raelyn Wilson, Wilson Organizations: Tourists, Broadway, Getty, Thyme, CNBC, Nashville, Nashville Health Care, Healthcare, HCA, Community Health Systems, Acadia Healthcare, Vanderbilt University, Vanderbilt University Medical Center, Belmont University, Meharry Medical, Monogram Health, Downtown, Istock, Amazon, Oracle, Bank, Greater Nashville Venture Capital Association, Center, Nashville Area, of Commerce, Force, Ventures, Greater, Greater Nashville Technology Council, Nashville Health Care Council, HCA Healthcare Locations: NASHVILLE , TENNESSEE, Nashville , Tennessee, Fort Lauderdale , Florida, Nashville, UKRAINE, U.S, Acadia, Downtown Nashville , Tennessee, Music City, Rocky, Colorado, Boston, Greater Nashville, Cumberland

☆ Opinion: ‘The Golden Bachelor’ women gave me what I needed
▼ + stars: | 2023-11-30 | by ( Opinion Amy Klein | ) edition.cnn.com time to read: +8 min

Yet I was one of the millions tuning into “The Golden Bachelor” premiere because I wanted to know how they would handle aging. As an older mom, I am fascinated by the media’s portrayal of older women. Consider this: the women of “The Golden Girls” — Blanche, Dorothy and Rose — were in their 50s in 1985, when the show about old women began. “Is anyone watching ‘The Golden Bachelor’ and thinking, ‘maybe I shouldn’t be so scared to get older…. “I feel like as someone in her 20s it’s scary, like how am I going to look when I’m older?

Persons: Amy Klein, “, Amy Klein Mira Zaki, Gerry Turner —, —, it’s, Mary McNamara, Michelle Cottle, They’re, they’re, Xer, I’m, ” Cottle, John Fleenor, Vladimir ”, she’s, frailty, Alice, — Blanche, Dorothy, Rose —, Carrie, Miranda, Charlotte, Manolo Blahnik, ” Charlotte, Galit Nimrod, ”, ” It’s, Gerry, ’, Eva Gutowski, ” Ellen Goltzer, Marina Perera Organizations: CNN, Nation, Los Angeles Times, The New York Times, Walt Disney Company, Max, verve Locations: Worth

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Eli Lilly, Salesforce, Snowflake, Snap, Pinterest and more
▼ + stars: | 2023-11-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.

Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China

☆ Planet-forming disk detected around star in another galaxy for the first time
▼ + stars: | 2023-11-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —For the first time, astronomers have glimpsed a young star outside the Milky Way galaxy that’s ringed by a dense disk where planets may form. The massive star, called HH 1177, and its rotating disk were spotted in the Large Magellanic Cloud, a neighboring dwarf galaxy that’s about 160,000 light-years away. The gas and dust accumulate in a flat disk around the star, known as an accretion disk, as a result of strong gravitational forces. The Multi Unit Spectroscopic Explorer, or MUSE instrument, on the telescope captured a jet of material releasing from the young star. To discern whether a disk was present around the star, the team needed to measure how quickly dense gas moved around the star.

Persons: ”, Anna McLeod, ” McLeod, McLeod, Jonathan Henshaw, aren’t, “ Organizations: CNN, Durham University, Southern, ESO, Liverpool John Moores University Locations: ALMA, United Kingdom, Chile

Main auto partner Chongqing Changan Automobile (000625.SZ) and relevant parties will own up to 40% of the new firm, a Changan Auto statement showed on Sunday. Neither Changan Auto nor Huawei disclosed financial details. Changan Auto referred Reuters to its Sunday statement and declined to comment further. Huawei has partnerships with other auto companies, including Seres Group (601127.SS) and Jianghuai Automobile (600418.SS), as well as with Changan Auto involving EV brands Avatr and Deepal. The proposed deal will also smooth the way for the business' listing, as Huawei had planned, said two of the people.

Persons: Ren Zhengfei, Ren, Richard Yu, Julie Zhu, Zhuzhu Cui, David Kirton, Brenda Goh, Christopher Cushing Organizations: Huawei Technologies, Changan Auto, Bosch, Chongqing Changan Automobile, Huawei, Auto, China Ordnance Equipment Group, China South Industries, FAW Group, Dongfeng Motor, HK, Reuters, Seres, Jianghuai, Changan, EV, Thomson Locations: HONG KONG, SHANGHAI, Chongqing, China, Changan, Shanghai

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing RightsNov 29 (Reuters) - Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance. Phillips 66 has lagged its U.S. refining rivals at a time when fuel demand and margins have soared for the industry. Phillips 66 Chief Executive Mark Lashier acknowledged discussions with Elliott but did not say whether the company was open to adding two Elliott-recommended directors to its board. Phillips 66 currently has 13 board members.

Persons: Bing Guan, Phillips, Mark Lashier, Elliott, Lashier, John Pike, Mike Tomkins, Garfield Miller, Miller, Svea Herbst, Bayliss, Laura Sanicola, Gary McWilliams, Anil D'Silva, Bernadette Baum, Mark Porter Organizations: Phillips, Los, Los Angeles Refinery, Elliott Investment Management, Marathon Petroleum, Energy, Exxon Mobil, Aegis Energy Advisors, Elliott, Svea, Thomson Locations: Los Angeles, Carson , California, U.S, Houston, Providence, New York, Bengaluru

☆ The black hole at the center of the Milky Way is spinning so fast, it's squishing space-time down like a football
▼ + stars: | 2023-11-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Scientists found that the black hole at the center of our galaxy is spinning so fast its dragging space-time along. AdvertisementA team of scientists has discovered that the black hole at the center of the Milky Way galaxy is spinning so fast that it's squishing space-time. Advertisement"But if you have a rapidly rotating black hole, the space-time around it is not symmetric," Daly said, according to CNN. "The spinning black hole is dragging all of the space-time around with it … it squishes down the space-time, and it sort of looks like a football." That may sound alarming, but don't worry; the black hole is way too far away to affect us here on Earth.

Persons: —, Chandra, Ruth Daly, We're, Daly Organizations: Service, Royal Astronomical Society, NASA, CNN

LOS ANGELES, Nov 29 (Reuters) - Singer-songwriter and actor Dove Cameron is breaking away from her Disney star persona and putting a new version of herself out there with “Alchemical: Volume 1,” the first part in her debut studio album. “Alchemical: Volume 1,” which has eight songs, including "Sand," will be released on Dec. 1. Dove Cameron attends the CFDA Fashion Awards in Manhattan, New York City, U.S., November 6, 2023. Looking back, her Disney brand, as well as other personas in her career, felt “unhealthy” for her, she said. Cameron said she now wants to evolve into whatever version of herself feels right.

Persons: Dove Cameron, Cameron, “, Andrew Kelly, it's, ” Cameron, ”, Rollo Ross, Danielle Broadway, Mary Milliken Organizations: ANGELES, Disney, REUTERS, Mary Milliken Our, Thomson Locations: Hollywood, Manhattan , New York City, U.S

☆ Leaked email: Broadcom CEO says the company is reviewing 'strategic alternatives' for two of VMware's businesses
▼ + stars: | 2023-11-29 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.

Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, •, Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, •, Security, Strategic, Corporate, Asia Pacific, Services

☆ McDonald’s is bringing back iconic McNugget Buddies as limited-edition collectibles
▼ + stars: | 2023-11-29 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

McDonald's will roll out the Kerwin Frost Box, a collab with New York-based artist Kerwin Frost, on December 11. But the star of the limited-time collab are the McNugget Buddies, an assortment of anthropomorphic McNuggets that haven't been a part of McDonald's mascot rotation in decades. The McNugget Buddies were first introduced in a 1988 Happy Meal, according to McDonald's. They made appearances in McDonald's Canada comics in the early 1993, were available as Sports Buddies in the UK, Japan and Singapore in 1992 and were last seen in 1996 for McNugget Buddies Halloween. The six new McNugget Buddies are based on Frost's experiences growing up in New York City, including one that is designed to look like him.

Persons: McDonald's, Kerwin Frost, haven't, Frost, Grimace, Birdie, Warren Buffett Organizations: Sports Buddies, McNugget, Plant, eBay Locations: McDonald's, New York, Canada, Japan, Singapore, New York City

☆ Investors spy value in cheap Finnish stocks after China and Russia pain
▼ + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".

Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava

☆ Alibaba Cloud suffers second service outage in a month
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - Alibaba's (9988.HK) cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second outage within a month. The impact was mainly felt by several of Alibaba Cloud's database management products, including PostgreSQL, Redis and MySQL editions. "From 09:16 Beijing time (0116 GMT) on November 27, 2023, Alibaba Cloud monitoring detected abnormalities in console and OpenAPI access for database products," Alibaba Cloud said in a statement posted on its websites on Tuesday. "This is hugely damaging to Alibaba Cloud's brand image as a reliable cloud service provider."

Persons: Dado, Alibaba, Feng Ruohang, Yelin Mo, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei, China Telecom, HK, IDC, Thomson Locations: Rights BEIJING, HK, China, Hong Kong, United States, Beijing, Shanghai, Virginia, U.S, East Asia, Southeast Asia, East, North America

☆ Thais give digital spin to ancient 'floating basket' festival
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Over the centuries, people have sent 'krathongs' - small, baskets made from plants and loaded with flowers, candles and bamboo - down waterways to make wishes and pay their respects to water spirits. The beautiful 'floating basket' or Loy Krathong festival lights up Bangkok's canals and rivers at night - but often leaves organisers scrabbling to clear canals clogged up with hundreds of thousands of soggy vessels the next morning. This will help reduce waste," said 11-year-old Jirayada Surapant, showing off her design by a Bangkok canal on Monday evening. Across the capital, monks set out in row boats to scoop up the physical krathongs and recycle them into animal feed. Reporting by Napat Wesshasartar, Artorn Pookasook and Thomas Suen; Writing by Chayut Setboonsarng, Edited by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Loy Krathong, Loy, scrabbling, Mathee Vatchara Prachatorn, Napat Wesshasartar, Artorn Pookasook, Thomas Suen, Chayut Setboonsarng, Andrew Heavens Organizations: Thomson Locations: Samut Songkram, Thailand, BANGKOK, Bangkok

☆ Sagittarius A*, our galaxy’s black hole, spins fast and drags space-time with it
▼ + stars: | 2023-11-28 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

The researchers confirmed that the black hole is spinning, which causes what is known as the Lense-Thirring effect. “But if you have a rapidly rotating black hole, the space-time around it is not symmetric — the spinning black hole is dragging all of the space-time around with it … it squishes down the space-time, and it sort of looks like a football,” she said. Black holes and galactic historyKnowing the mass and the spin of a black hole helps astronomers understand how the black hole might have formed and evolved, Daly said. However, a black hole that was made with accretion of surrounding gas would see a high spin value. “The question of whether our central galactic black hole rotates or not, or how fast it rotates, is quite important,” Stojkovic said in an email.

Persons: NASA’s Chandra, Ruth Daly, Daly, ” Daly, “ We’re, ”, “, Dejan Stojkovic, ” Stojkovic Organizations: CNN, Royal Astronomical Society, Penn State University, University, Buffalo

☆ The 10 Best Books of 2023
▼ + stars: | 2023-11-28 | by ( The New York Times Books Staff | ) www.nytimes.com time to read: 1 min

Every year, starting in the spring, we spend months debating the most exceptional books that pass across our desks: the families we grow to love, the narrative nonfiction that carries us away, the fictional universes we can’t forget. It’s all toward one goal — deciding the best books of the year. Things can get heated. We spar, we persuade and (above all) we agonize until the very end, when we vote and arrive at 10 books — five fiction and five nonfiction. In case you’d like even more variety, don’t miss our list of 100 Notable Books of 2023, or take a spin through this handy list, which features all the books we’ve christened the best throughout the years.

Persons: we’ve

☆ Why Cramer thinks Broadcom stock could climb to $1,200 a share
▼ + stars: | 2023-11-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "I like the acquisition very much," Jim Cramer said Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Michael Lamach, Ingersoll, Gordon Haskett, Lamach, Jim Cramer's, Jim Organizations: CNBC, Treasury, Organization of, Petroleum, West Texas, Club, Broadcom, VMWare, Bank of America, Honeywell, Trane Technologies, Ingersoll Rand Locations: midmorning

☆ Italy's Eni wins in arbitration case against Uniper -sources
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi/File Photo Acquire Licensing RightsLONDON/MILAN/FRANKFURT, Nov 27 (Reuters) - Eni has won a $600-million award after an arbitration court decided in the Italian firm's favour and against Germany's Uniper in a row over a liquefied natural gas (LNG) supply contract, three trading sources said. The 2017 annual report by the International Group of LNG Importers (GIIGNL) showed a 15-year contract under which Eni supplied Uniper with 0.65 million tonnes of LNG per annum between 2007 and 2022. Eni was not immediately available for comment. ($1 = 0.9168 euros)Reporting by Marwa Rashad, Francesca Landini and Christoph Steitz Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Alessandro Bianchi, Germany's, Uniper, Eni, Marwa Rashad, Francesca Landini, Christoph Steitz, Miranda Murray Organizations: Eni, REUTERS, Sunday, International Chamber of Commerce, E.ON, International Group, Thomson Locations: Rome, Italy, MILAN, FRANKFURT

☆ Rosalynn Carter repose: Former first lady’s motorcade will route from wreath-laying ceremony to Carter Presidential Center
▼ + stars: | 2023-11-27 | by ( Christina Maxouris | ) edition.cnn.com time to read: +12 min

In May, the Carter Center said Rosalynn Carter had dementia. The motorcade will stop for a wreath-laying ceremony at Rosalynn Carter’s alma mater, Georgia Southwestern State University, before making its way to Atlanta. Former first lady Rosalynn Carter poses for a portrait in New York in 2011. Alice S. Hall/NBCUniversal/Getty Images) Rosalynn gets a kiss from her husband after they were awarded Presidential Medals of Freedom in 1999. “Thank you all for joining us in celebrating what a treasure she was, not only to us, but to all humanity.”The Carter Center said in lieu of flowers, donations be made to the Carter Center Mental Health Program or the Rosalynn Carter Institute for Caregivers.

Persons: Rosalynn, Rosalynn Carter, Jimmy Carter, “, Andy Huggins, David Goldman, ”, Mike Stewart, Joe Biden, Jill Biden, Kamala Harris, Nikki Kahn, Horace Cort, Mikki Ansin, Jason, Amy, Jeff, Jack, Dan Farrell, Jimmy, Barbara Walters, Richard Howard, Suzanne Vlamis, Diana Walker, Joan Mondale, Walter Mondale, Muriel Humphrey, Hubert Humphrey, Ruth Carter Stapleton, Jimmy Carter's, Wally McNamee, Corbis, Carter, Ronald Reagan, Ron Galella, Bromberger Hoover, Jay Leno, Alice S, Tami Chappell, Charlie Neibergall, Laura Rauch, Carolyn Kaster, Sebastian Scheiner, Barack Obama's, Bill Clark, John Bazemore, Amy Davis, Saul Loeb, Errol, Jimmy's, Branden Camp, Caroline Kennedy, Hillary Clinton, Nancy Reagan, David McNew, Matt McClain, Adam Schultz, The New York Times Adam Schultz, White, Erin Schaff, Michael S, Williamson, CNN’s Jaide Timm, Garcia, Eva McKend Organizations: CNN, Carter Center, White House, Atlanta ., Secret, Georgia Southwestern State University, Rosalynn Carter, Health, Human Sciences, Carter, Jimmy Carter Presidential, Glenn Memorial United Methodist Church, Emory University, Maranatha Baptist Church, Washington Post, Atlanta, NY, Hulton, Disney, Bettmann, Mental Health, Mental Health Systems, Harlem Globetrotters, Getty, Democratic National Convention, Toronto, Presidential, Humanity, Baltimore Sun, Tribune, Service, Capitol, Aging, NBA, The New York Times Locations: Plains , Georgia, Atlanta, Georgia, Plains, Americus, alma mater, Plains ., New York, Brazil, Dubuque , Iowa, Waterloo , Iowa, San Francisco, Ashkelon, Israel, Baltimore, Annapolis , Maryland, Americus , Georgia, Rosalynn

☆ The Ceramists Putting a Fresh Spin on Traditional Korean Techniques
▼ + stars: | 2023-11-27 | by ( Alexa Brazilian | More About Alexa Brazilian | ) www.nytimes.com time to read: +4 min

The Brooklyn-based ceramic artist Eun-Ha Paek’s pieces are defined by their renegade spirit. Living everywhere from New York to California, they make experimental sculptures that reflect the traditions and aesthetics of both cultures. In Korean, for example, instead of saying, ‘The soup is boiling,’ you would say the sound the soup makes when it boils. That extraness and whimsy is what I’m hoping to express.”That’s also true for the Manhattan-based ceramic artist Janny Baek, 50, who was born in Seoul and moved to Flushing, Queens, when she was 3. I felt like I needed to do something more than be an artist,” Baek says.

Persons: ”, Paek, Design —, “, ” Paek, Jay Oh, ” That’s, Janny Baek, ” Baek, McMahon, Baek, Raina Lee Organizations: Rhode Island School, Design, Greenwich House, Parsons School, Korea Society, Harvard Locations: Brooklyn, New York, Seoul, Los Angeles, California, Korea, Manhattan, America, Flushing , Queens, United States

☆ Alibaba's research arm shuts quantum computing lab amid restructuring
▼ + stars: | 2023-11-27 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +1 min

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Nov 27 (Reuters) - Chinese tech giant Alibaba (9988.HK) has cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University, the company said on Monday. A spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue to focus on technology research with the aim of being a leader in artificial intelligence (AI) research. The source said Zhejiang University would try and recruit the affected employees to work on its own quantum research. DAMO Academy was launched in 2017 by Alibaba Group to research advanced technologies such as AI and machine learning.

Persons: Aly, Eddie Wu, Casey Hall, Miral Organizations: Artificial Intelligence, REUTERS, Rights, HK, Zhejiang University, Alibaba's DAMO Academy, Alibaba's, Reuters, DAMO, Alibaba Group, Thomson Locations: Shanghai, China

☆ Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company
▼ + stars: | 2023-11-27 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +2 min

Broadcom announced it closed its $69 billion acquisition of VMware on November 22. AdvertisementMany VMware employees learned Monday that their positions will be eliminated following Broadcom closing its acquisition of the company. Employees whose positions were eliminated received an email on Monday viewed by Business Insider that said, "Broadcom recently completed its acquisition of VMware. Some VMware employees speculated that Broadcom could spin out units like the security unit. Some VMware employees said they worried about a culture clash with Broadcom, especially as Broadcom requires returning to the office.

Persons: — Organizations: VMware, Broadcom, Service, UK . Employees, Business, BI Locations: China

WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe. WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS? Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Marcus Collins, Collins, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Dana Telsey, Leonardo Fernandez Viloria, David Bujnicki, Kimco, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Herbert Lash, Josie Kao Organizations: Retailers, Department, Ross School of Business, University of Michigan, Dollar, Walmart, Associates, Nordstrom, Adobe Analytics, Electronics, Mastercard, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Black, REUTERS, Adobe, Labor, Kimco Realty Corp, Consumers, Deloitte, Reuters, Thomson Locations: U.S, Europe, Philadelphia, China, United States, Caracas, Venezuela, Panama, Israel, Sixth, Washington, Germany, India, Spain, United Kingdom, Bengaluru, London

Prince Harry’s tempestuous history with the media is well documented at this point. Harry’s legal team are seeking a ruling in their client’s favor without a trial. Carl Court/Getty ImagesNews Group Newspapers (NGN)This is another of the duke’s cases that has seen some movement in recent months. In 2019, Prince Harry sued News Group Newspapers (NGN) over alleged unlawful information gathering. Mirror Group Newspapers (MGN)Harry began a lawsuit against Mirror Group Newspapers (MGN) at the same time he launched his action against NGN in 2019.

Persons: Duke of Sussex, Prince Harry’s, Elton John, David, Doreen Lawrence, Elizabeth Hurley, Sadie Frost, Simon Hughes, ANL, Justice Nicklin, Prince Harry, ” ANL, Nicklin, Harry, Carl Court, –, NGN, MGN Organizations: CNN’s Royal, London CNN, Associated Newspapers Limited, Daily Mail, Office, Mirror Group, Court, Getty, News Group, The, NGN, British Locations: London, United Kingdom, Britain’s, NGN, Buckingham

☆ Alibaba's stock dropped so much that Jack Ma reversed a plan to sell shares for his other investments
▼ + stars: | 2023-11-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Alibaba cofounder Jack Ma walked back on plans to sell the company's stock. The Chinese tech giant's stock crashed last week after it nixed a plan to spin off its $11 billion cloud business. AdvertisementAlibaba cofounder Jack Ma reversed plans to sell the company's stock following a slump in its stock price last week. The company's stock sank in response, wiping out $26 billion in value over two days. But Ma isn't selling the stock since its current value is lower than its actual value, she said in the memo.

Persons: Jack Ma, —, Alibaba, Ma, Jane Jiang Fang, Jiang, Ma's Organizations: Service, Reuters, Bloomberg, South China Morning, Big Tech, Baidu, Business Locations: Beijing, China, —

☆ Jack Ma backs off on plans to sell Alibaba shares after stock plunge
▼ + stars: | 2023-11-23 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week. Two regulatory filings from last Thursday revealed that Ma had been looking to offload 10 million shares, worth nearly $871 million. Ma believes that the Hangzhou-based firm’s stock “is currently significantly lower than Alibaba’s actual value, and he will not sell it,” she said. Alibaba co-founder Jack Ma. Since then, the entrepreneur has kept a relatively low profile while remaining an Alibaba shareholder.

Persons: Jack Ma, Ma, Jane Jiang Fang, Alibaba, Alibaba’s, Jiang, ”, Joe Tsai, Henri Szwarc, Ma’s Organizations: Hong Kong CNN, CNN, JC Properties, JSP Investment, Abaca, South China Morning Post, Hong Kong, Alibaba Locations: China, Hong Kong, Alibaba, New York, Hangzhou

Search resuls for: "Spin"

25 mentions found