The Oscars 2023: all you need to know
The Oscars 2023: all you need to know READ SOURCE...
Companies and Markets
Virgin Orbit Failure Caused by $100 Part
It’s happened before, but it never gets any less dumbfounding when a huge, expensive operation is derailed by the failure of a cheap, seemingly insignificant part.In the latest case of “small item causes huge problem,” Virgin Orbit has narrowed down...
Firm: Faulty weld, pressure on pipe led to Kansas oil spill
TOPEKA, Kan. (AP) — A faulty weld at a bend in an oil pipeline contributed to a spill that dumped nearly 13,000 bathtubs' worth of crude oil into a northeastern Kansas creek, the pipeline's operator said Thursday, estimating the cost...
The Ratings Game: Bed Bath & Beyond equity offering ‘one of the most unusual financing situations we have witnessed,’ analyst says
Bed Bath & Beyond Inc.’s BBBY, -7.50% unusual equity offering may have averted bankruptcy for the time being, but big challenges remain for the troubled retailer, according to KeyBanc Capital Markets analyst Bradley Thomas. The equity offering “is one of...
Alibaba, Tencent Race to Build ChatGPT Rivals – Nikkei
China’s tech giants are racing to build their own artificial intelligence (AI) chatbots, amid the global frenzy around ChatGPT, according to a report by Nikkei Asia. The report said Alibaba and Tencent confirmed they were working towards creating AI-centred...
Can Intel come back?
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. Nelson Peltz, the activist investor, reached a detente with Disney yesterday, saying that the company...
Defense Contractor Pays $478K to Resolve Inflated Rates Allegations
An aerospace company paid $478,586.49 to resolve allegations of violating the False Claims Act.Triumph Actuation Systems – Connecticut, LLC allegedly inflated rates charged to and paid by the government on defense contracts. Triumph has designed and manufactured mechanical and actuation components...
Stellantis to Open More Lactation Rooms at Michigan Plant
The U.S. Department of Labor said Thursday that Stellantis will create more lactation rooms at its Sterling Heights, Michigan auto plant and fix its break policy after the department found that the automaker violated the rights of nursing mothers who...
Economic Report: Jobless claims climb 13,000 to 196,000 — but are still near pandemic-era lows
The numbers: The number of Americans who applied for unemployment benefits in early February rose by 13,000 to 196,000, but that number is still hovering near pandemic-era lows in a sign the jobs market remains quite strong. New applications moved...
Google AI Chatbot’s Factual Error in Ad Costs $100bn – Reuters
Shares of US tech giant Google (Alphabet Inc) lost $100 billion in market value on Wednesday after its new AI chatbot Bard, touted as a competitor to ChatGPT, shared inaccurate information in a promotional video and a company event...