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☆ RSA Security explores $2 bln-plus sale of Archer -sources
▼ + stars: | 2023-01-18 | by ( Milana Vinn | ) www.reuters.com time to read: +2 min

Clearlake Capital, another private equity firm, invested in RSA the following year. Last year, RSA sold a majority stake in its events business, RSA Conference, to private equity firm Crosspoint Capital Partners for an undisclosed amount. Archer, headquartered in Bedford, Massachusetts, is a governance, risk and compliance software platform with over 15,000 users globally. RSA's other business divisions include identity and access management platform SecureID and threat detection and response software platform NetWitness. Archer is not the only risk management software vendor up for sale in the United States.

The layoffs, far larger than cuts by Microsoft last year, add to the tens of thousands of job cuts across the technology sector, which has downshifted following a strong growth period during the pandemic. Nadella said the layoffs, affecting less than 5% of Microsoft's workforce, would conclude by the end of March, with notifications beginning Wednesday. The cuts reflect broader belt-tightening in the technology sector. The CEO of another company serving enterprises, Palantir Technologies Inc (PLTR.N), this week told Reuters that reducing cloud spending was a top-ten priority for his customers. Microsoft's cloud revenues soared in recent years from an explosion in corporate demand to host data online and handle computing in the so-called cloud.

☆ Energy startups touting everything from solar-powered cars to next-gen nuclear reactors are red hot right now. Here are 32 to watch in 2023, according to VCs.
▼ + stars: | 2023-01-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Russia's invasion of Ukraine thrust energy companies into the spotlight in 2022. We asked European investors to name energy startups poised to take off in 2023. European energy companies raised a record $3 billion in 2022, a marked increase on the $1.96 billion secured in 2021, according to PitchBook. Insider asked investors which European startups were ones to watch in 2023. Here are the 32 companies investors named, in alphabetical order.

☆ Cramer's lightning round: TransMedics is a total winner
▼ + stars: | 2023-01-18 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...HighPeak Energy Inc : "HighPeak's a very inexpensive stock. Loading chart...TransMedics Group Inc : "I'd wait for a little bit of a pullback, but I think this is a total winner." Loading chart...Virgin Galactic Holdings Inc : "I kind of never thought I'd say this, but as a spec, that sounds darn good." Loading chart...BHP Group Ltd : "Wait a couple of days, then ... pull the trigger." Loading chart...Unilever PLC : "I think it's a very well-run company.

☆ Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
▼ + stars: | 2023-01-17 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +3 min

DAVOS, Switzerland, Jan 17 (Reuters) - Business titans trudging through Alpine snow can't stop talking about a chatbot from San Francisco. Businesses including CarMax Inc (KMX.N) have already used Microsoft and OpenAI's tech, such as to generate thousands of customer review summaries when marketing used vehicles. Such buzz carried through gatherings at Davos, like talk about a slide-generating bot dubbed ChatBCG after the management consulting firm. loadingGenerative AI is "a game-changer that society and industry need to be ready for," stated an article on the World Economic Forum's website. Reporting By Jeffrey Dastin in Davos, Switzerland; Editing by Kenneth Li and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

[1/3] The sun sets on the U.S. Supreme Court building after a stormy day in Washington, U.S., November 11, 2022. Solicitor General's input on a lower court decision that prevented Apple and Broadcom from arguing the patents were invalid at trial. Apple and Broadcom also told the Federal Circuit that they should have been allowed to challenge the patents' validity at trial. The companies appealed that decision to the Supreme Court last September. The case is Apple Inc v. California Institute of Technology, U.S. Supreme Court, No.

☆ Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown
▼ + stars: | 2023-01-16 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 16 (Reuters) - Palantir Technologies Inc (PLTR.N) is still looking to grow its headcount even as it scrutinizes its spending and confronts economic uncertainty, its chief executive told Reuters. Economists surveyed by the World Economic Forum largely expect a recession this year. Asked about potential cuts, Karp said Palantir was doing well in the United States, United Kingdom and Canada while evaluating spend in slower markets. The top cloud providers are Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O), though Karp said his company is "cloud agnostic." Reporting By Jeffrey Dastin in Davos, Switzerland; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ IEA says clean energy manufacturing set for substantial growth as world enters 'new industrial age'
▼ + stars: | 2023-01-12 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

The world's second largest economy is a major force in technologies crucial to the planned energy transition. "The related clean energy manufacturing jobs would more than double from 6 million today to nearly 14 million by 2030," the IEA said, "and further rapid industrial and employment growth is expected in the following decades as transitions progress." Its report highlighted "potentially risky levels of concentration in clean energy supply chains — both for the manufacturing of technologies and the materials on which they rely." China, it said, was dominating both the production and trade of "most clean energy technologies." "Meanwhile, a great deal of the mining for critical minerals is concentrated in a small number of countries," it added.

☆ Fact Check-Robot was designed to run on plant-based items, not human or animal flesh
▼ + stars: | 2023-01-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The Energetically Autonomous Tactical Robot (EATR) was intended to consume vegetation, not animals, one of the robot’s inventors told Reuters. A Facebook video with 11,000 shares at the time of writing (here) has been reshared by others with comments including, “Flesh eating robot !!!! It’s a crazy world,” “they couldn't create zombies so theeeey created ROBOT ZOMBIE” and “EATR ROBOT.. eats biological ( canbeflesh) as fuel? “It would not recognize bodies, human or animal, as fuel,” Finkelstein said. The EATR was never intended to consume human or animal flesh, and its design makes consuming flesh impossible, the robot’s inventor told Reuters.

☆ GE HealthCare expects organic revenue growth of 5%-7% in 2023
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: 1 min

Jan 10 (Reuters) - GE HealthCare Technologies Inc (GEHC.O) expects 2023 organic revenue growth to be in the range of 5% to 7%, the company said on Tuesday, citing robust customer demand, fulfillment of older orders, and improved pricing. The forecast is in line with the company's medium-term target of mid-single-digit organic revenue growth that it gave last month. "While inflation remains a factor, we are seeing the supply chain environment continue to improve with demand for our products and services growing in 2023," Chief Executive Officer Peter Arduini said in a statement. GE HealthCare had garnered about $18.3 billion in revenue last year, according to preliminary data, with a 7% organic growth. Reporting by Leroy Leo in Bengaluru; Editing by Shounak Dasgupta and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer's lighting round: Energy Transfer is a very good stock
▼ + stars: | 2023-01-10 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

... We have pulled back a little bit [for the Charitable Trust]." Loading chart...Algonquin Power & Utilities Corp : "Let us do more work and come back." Loading chart...Energy Transfer LP : "ET is actually a very good stock. ... Times change and it's become a better, better stock." Disclaimer: Cramer's Charitable Trust owns shares of Nvidia.

☆ Cramer's lightning round: I like WESCO very much
▼ + stars: | 2023-01-09 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Rite Aid Corp : "We don't want Rite Aid. Loading chart...ADMA Biologics Inc : "It's a great spec, but it is losing money hand over fist. Loading chart...NextDecade Corp : "Let's go to Sempra . Array Technologies Inc : "If they make the money that they're supposed to make this year, then I think you'll be in very good shape." Losing too much money."

The longer that job market strength persists, the more Fed officials may feel compelled to break it with ever-higher interest rates. "I don't think we can understate the importance of labor market outcomes," Duy wrote. Reuters Graphics'SURGE PRICING'The job market has befuddled central bankers during the COVID-19 pandemic as much as inflation. Early expectations that a flood of workers back into the labor market would ease wage and hiring conditions proved optimistic. Officials then expected inflation to rise for any number of reasons, from the Fed's own massive bond purchases to a steadily falling unemployment rate.

☆ SolarEdge sees U.S. solar growth slowing in 2023, European markets surging
▼ + stars: | 2023-01-05 | by ( Laila Kearney | ) www.reuters.com time to read: +1 min

Companies Solaredge Technologies Inc FollowNEW YORK, Jan 5 (Reuters) - Growth in the U.S. solar industry is expected to slow down in 2023, while some European and Asian markets are poised to surge, SolarEdge Chief Financial Officer Ronen Faier said on Thursday. Some solar markets in Europe, especially in German-speaking countries and the United Kingdom, could jump by more than 100% over the year, he said. In the United States, that growth is expected to be around 15%, he added. Taiwan, Japan and other Asian nations are also expected to accelerate their expansion of solar build-outs and use. Reporting by Laila Kearney Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Dell looks to phase out Chinese chips by 2024 - Nikkei
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: 1 min

Jan 4 (Reuters) - Dell Technologies Inc (DELL.N) plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including those produced at facilities owned by non-Chinese chipmakers, the report added, citing three people with direct knowledge of the matter. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Tech firms leading job cuts in Corporate America
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +9 min

Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ GE HealthCare shares rise in market debut
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +1 min

Jan 4 (Reuters) - Shares of GE HealthCare Technologies Inc reversed course to trade up 4.4% in their market debut on Wednesday, after the medical equipment maker completed its separation from industrial conglomerate General Electric Co (GE.N). GE said in 2021 it would split into three public companies to simplify its business, pare down debt and breathe life into battered shares. GE HealthCare - which will operate imaging and ultrasound devices, patient care solutions and pharmaceutical diagnostics businesses - expects its addressable markets will expand to $102 billion by 2025 from $84 billion in 2021. The company will be present in more than 160 countries and have about 51,000 employees worldwide, GE HealthCare said on Wednesday. Shares of the company, which is scheduled to release its fourth-quarter and full-year results on Jan. 30, were trading at $58.40 on the Nasdaq.

☆ Freight Broker C.H. Robinson Ousts CEO Bob Biesterfeld
▼ + stars: | 2023-01-03 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Mr. Anderson, 56, stepped down as chair, a position he has held since 2020. Mr. Anderson doesn’t plan to be considered as a candidate for the permanent position, according to the securities filing. Robinson and this exceptional team,” Mr. Biesterfeld said in a statement released by the company. Robinson is by far the largest player in the U.S. freight brokerage market, one that matches freight shippers with available trucks. “We got ahead of ourselves in terms of head count,” Mr. Biesterfeld said on Nov. 2.

☆ Shopify launches new subscription product to lure big retail clients
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

Jan 3 (Reuters) - Shopify Technologies Inc on Tuesday launched a new service aimed at big retailers that will allow them to select tools and services the Canadian tech giant offers and integrate it with their own online platform. Shopify, which helps businesses set up their online store and website for a subscription fee, will allow retailers to pick and choose components, such as checkout and other back-office services, for their existing online businesses. The pricing for the service, called Commerce Components, will depend on the retailer's customization and components they choose to use. Currently, subscription for Shopify Plus starts at $2,000 a month and basic costs of $29. Reporting by Nivedita Balu in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

☆ General Electric Set to Spin Off Health Unit—Putting Focus Back on Power Division
▼ + stars: | 2023-01-02 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

General Electric’s wind and gas turbine businesses are expected to be combined with other GE energy businesses into GE Vernova, to split off in early 2024. General Electric Co. will start 2023 by splitting off its healthcare unit, completing a key step in the slow-motion breakup of the industrial giant. For the rest of the year it will face questions about the next big step: shedding its power businesses. GE HealthCare Technologies Inc. will start trading this week, leaving the once-sprawling conglomerate with three divisions: jet engines, natural gas-powered turbines and wind turbines. The gas and wind turbines are expected to be combined with other GE energy businesses into a new company called GE Vernova that will split off in early 2024.

☆ Domino’s, Pizza Hut and Other Pizzerias Work to Recruit Delivery Drivers
▼ + stars: | 2022-12-31 | by ( Heather Haddon | Photographs Sophie Park For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Pizza-delivery drivers, who helped chains such as Domino’s Pizza Inc. and Pizza Hut boost their sales during the Covid-19 pandemic, have become one of the $45 billion industry’s biggest problems. Chain executives said a shortage of drivers is costing them sales and frustrating customers with long wait times. Rising fuel and car-maintenance costs have made the job less appealing over the past year, workers said, as most drivers need to use their personal vehicles for pizza runs, and some said they deal with crime. Pizza restaurants’ often rigid schedules also make it harder to recruit and retain drivers, some operators said, versus more flexible food delivery apps such as Uber Technologies Inc.’s Uber Eats and Grubhub Inc.

☆ Consumers Change Food-Delivery Habits
▼ + stars: | 2022-12-29 | by ( Preetika Rana | Heather Haddon | ) www.wsj.com time to read: 1 min

Consumers are changing their food-delivery habits amid economic concerns and as the industry evolves from the growth it saw during the pandemic. Consumers continue to spend more on the biggest food-delivery apps DoorDash Inc. and Uber Technologies Inc.’s Uber Eats, but growth is slowing and people are spending more cautiously, analysts and industry executives said. People are switching to in-store pickups, ordering fewer dishes and changing what they get delivered, they said.

☆ TSMC starts volume production of most advanced chips in Taiwan
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

TAINAN, Taiwan, Dec 29 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world's largest contract chipmaker's investment plans at home and abroad. TSMC has a dominant position as a maker of advanced chips used in technology from cellphones to fighter jets. Taiwan's government has dismissed concerns about a "goodbye to Taiwan" trend for the chip industry, saying the island's position as a major semiconductor producer and maker of the most advanced chips is secure. TSMC said it was working to build factories for the next generation 2-nanometre chips, which were planned to be manufactured in northern and central Taiwan.

☆ Going Into 2023, CIOs Weigh Tech Priorities Against Economic Realities
▼ + stars: | 2022-12-23 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Bonnie Titone, chief information officer at Duke Energy Corp., a Charlotte, N.C.-based power producer, said CIOs are being told to get by with less, but without decreasing output or positive outcomes. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. One resource to keep top of mind is talent, said Brad Peterson, Nasdaq Inc.’s chief technology and chief information officer, adding that economic slowdowns can provide opportunities to reassess talent development and succession planning. Diogo Rau, chief information and digital officer at Eli Lilly Photo: Eli Lilly & Co. “My perceptions of the economy haven’t changed the way I plan to approach my role,” said Diogo Rau, chief information and digital officer at Eli Lilly & Co.

☆ Cramer's lightning round: I love Eagle Materials
▼ + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Loading chart...Eagle Materials Inc : "I love Eagle Materials. Loading chart...Apple Inc : "I'm still urging people to own it, don't trade it, but I accept the fact that it's going lower before it goes higher." Loading chart...Cellebrite DI LTD : "I'm going to have to take a pass. Loading chart...SoFi Technologies Inc : "I think that SoFi, it's finally going to be [CEO] Anthony Noto's year. Disclaimer: Cramer's Charitable Trust owns shares of Apple.

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