SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and forecast declining market demand out Read more
Tag: Corporate Strategy/Planning
Mobileye stock jumps 38% in return to Wall Street, even though ‘investors don’t want to talk about autonomous vehicles right now’
Mobileye Global Inc. received a warm welcome back to Wall Street on Wednesday, as the stock of the Intel Corp. autonomous-driving spinoff went up more than 30% in its first Read more
Biogen and Eisai make plans to take another Alzheimer’s drug to the FDA
Biogen Inc. BIIB, -1.93% and Eisai Co. Ltd. 4523, +3.57% are getting closer to a possible approval of their new treatment for Alzheimer’s disease, with plans to submit the drug Read more
Mobileye IPO: 5 things to know about the Intel autonomous-driving spinoff
While Intel INTC, +0.71% executives reportedly dreamed of a valuation as high as $50 billion, the market for initial public offerings has crashed in 2022 after a record year in Read more
Cerebral to cut jobs amid lower growth targets
Telehealth startup Cerebral Inc. told staffers it is cutting jobs and restructuring its operations in moves that will affect about 20% of its employees, shrinking the company to match patient demand and Read more
Warner Bros. Discovery warns of as much as $4.3 billion in restructuring charges
Warner Bros. Discovery Inc. WBD, -2.30% said it expected to incur as much as $4.3 billion in pretax restructuring charges through 2024, the result of a cost-cutting effort following the combination Read more
Marqeta to offer banking services as it expands beyond card issuing
Marqeta Inc. is expanding into banking products as the company looks to cash in on the wave of businesses that want to add financial-services offerings to their applications. These days, Read more
Waymo plans to launch driverless taxi service in Los Angeles
Waymo is targeting Los Angeles as its next location to launch a driverless taxi service. In a blog post Wednesday, the autonomous-vehicle company owned by Alphabet Inc. GOOGL, -1.13% GOOG, Read more
Uber to allow marketers to target riders with ads based on destination
Ride-hailing company Uber Technologies Inc. UBER, -1.21% wants to help marketers target consumers with ads based on where they have been and where they are going. Uber announced the new capability as Read more
Netflix stock rockets toward best day in 21 months as company details plan to end password sharing
A big jump in subscribers sent shares of Netflix soaring toward their best day in about 21 months Wednesday, even as the company’s outlook and plans to tap into new Read more