Alphabet Inc. is an American multinational technology conglomerate holding company founded in 2015 and headquartered in Mountain View, California. Alphabet is the second-largest technology company by revenue. It is one of the Big Five American information technology companies, alongside Apple, Meta (Facebook), Amazon, and Microsoft. According to reports, Alphabet will invest an additional $5 billion…
Bain Capital: $4.5 Billion Envestnet Acquisition Deal
Bain Capital, LP, is an American private investment firm founded in 1984 and headquartered in Boston, Massachusetts. It boasts $185 billion USD of assets under management and specializes in private equity, impact investing, public equity, tech opportunities, real estate, etc. According to reports, Bain Capital has announced plans to buy Envestnet valued at $4.5 billion…
Intuit To Layoff 1,800
Intuit Inc. is an American multinational business software company founded in 1983 and headquartered in Mountain View, California. It specializes in financial software. Some of its products include TurboTax, a tax preparation software, and Quickbooks, an accounting software for businesses. According to reports, Intuit has announced plans to lay off 1,800 employees, which amounts to…
The First All-Electric NASCAR
NASCAR (National Association of Stock Car Auto Racing) is a popular auto racing organization in the United States. It was founded in 1948 and is headquartered in Daytona Beach, Florida. It is considered to be one of the top-ranked motorsports organizations in the world and is one of the largest spectator sports in America. According…
Bob’s Store Is Shutting Down
Bob’s Stores is a chain of retail stores in the northeastern United States, founded in 1954 and headquartered in Meriden, Connecticut. It offers a wide range of products such as clothing, footwear, and outdoor gear. According to reports, Bob’s Stores recently filed for Chapter 11 bankruptcy protection due to unpaid debts and, as a result,…
USA: 4th of July 2024
The 4th of July, also known as Independence Day, is a federal holiday in the United States that commemorates the declaration of independence, which was ratified by the Second Continental Congress on July 4, 1776, establishing the United States of America. Independence Day is celebrated with fireworks, parades, barbecues, family reunions, picnics, and ceremonies. We…
Boeing: $4.7 Billion Spirit Aero Acquisition
The Boeing company is an American multinational company founded in 1916 and headquartered in Crystal City, Virginia. It designs, manufactures, and sells airplanes, rockets, satellites, security systems, and missiles worldwide. According to reports, Boeing has announced plans to acquire Spirit AeroSystems in an all-stock deal valued at $4.7 billion USD to solidify its position in…
NFL: $4.7 Billion Antitrust Fine
The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). It was founded in 1920 as the American Professional Football Association and is headquartered on Park Avenue in New York City. According to reports, a…
Coach Files For Bankruptcy
Coach USA, LLC is a prominent transportation company founded in 1995 and headquartered in Paramus, New Jersey. It provides extensive public bus services across the United States and Canada. According to reports, Coach USA filed for Chapter 11 bankruptcy on June 12, 2024, citing a significant decline in ridership as well as debt due to…
Toyota: $282 Million Investment
Toyota, the Japanese auto manufacturer, has announced plans to invest $282 million USD in Huntsville, Alabama to add new product lines at the Huntsville plant. The report also mentions that this investment will create approximately 350 jobs and bring the total investment in Toyota Alabama to over $1.7 billion USD.