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News
Space42 And Viasat Commit Up To $1 Billion To Launch Equatys Direct-To-Device Satellite Platform
56+ min ago (371+ words) Space42 and Viasat have signed a binding agreement to establish Equatys, a shared satellite and ground infrastructure platform designed to support global direct-to-device and advanced mobile satellite connectivity. The two companies plan to commit up to $1 billion of combined equity to…...
Amazon Appoints Cybersecurity Expert Kevin Mandia To Board Of Directors
1+ hour, 2+ min ago (206+ words) Amazon has elected cybersecurity executive and investor Kevin Mandia to its Board of Directors, adding more than 30 years of cybersecurity experience to the company’s board. He is the founder and CEO of Armadin, a cybersecurity company focused on securing large…...
Apollo Reportedly In Talks To Acquire Johnson & Johnson's DePuy Synthes For Around $20 Billion
18+ hour ago (222+ words) Apollo Global Management is in negotiations to acquire Johnson & Johnson’s DePuy Synthes orthopedics business in a transaction valued at around $20 billion, according to The Wall Street Journal. The discussions remain ongoing, and there is no guarantee they will result in…...
Matt Mullenweg Returns As Automattic CEO Two Days After Being Placed On Leave
18+ hour, 6+ min ago (233+ words) I’m relieved and pleased to see Matt Mullenweg return as CEO of Automattic, the largest financial contributor to the WordPress project. Having WordPress’s Co-founder and Project Lead at the helm gives me confidence that their support will remain strong. Matt…...
Adobe: Q3 Revenue Rises 13% To Record $6.76 Billion And Company Raises FY2026 Targets
1+ day, 4+ hour ago (334+ words) Adobe reported record third-quarter fiscal 2026 revenue of $6.76 billion, up 13% year-over-year, or 12% in constant currency, as the company continued expanding its artificial intelligence offerings and surpassed one billion monthly active users across its creativity and productivity products. GAAP diluted earnings per…...
Cerenome Secures Up To $20 Million Financing Facility From 3i Fund
1+ day, 7+ hour ago (264+ words) Cerenome has entered into a financing agreement with 3i, LP for a senior secured facility of up to $20 million with royalty-based repayments, providing additional capital for the commercialization and development of its CNS oncology platform. The company received an initial tranche…...
Zumiez: Q2 Revenue Falls 2.5% To $209 Million As U.S. Footwear And Traffic Remain Soft
1+ day, 4+ hour ago (325+ words) Zumiez reported second-quarter fiscal 2026 net sales of $209.0 million, down 2.5% from $214.3 million a year earlier, as weaker U.S. performance outweighed continued growth in the retailer’s international markets. Comparable sales for the 13 weeks ended August 1 decreased 2.1%. Zumiez posted a net loss of $2.7 million,…...
1-800-FLOWERS.COM: Fiscal 2026 Revenue Falls 10.8% To $1.5 Billion As Company Evaluates Capital Raising Options
1+ day, 4+ hour ago (390+ words) 1-800-FLOWERS.COM reported fiscal 2026 consolidated revenue of $1.50 billion, down 10.8% from $1.69 billion a year earlier, as declining Consumer Floral & Gifts and Gourmet Foods & Gift Baskets sales weighed on results. The company posted a fiscal-year net loss of $134.8 million, or $2.11 per diluted…...
Copart: Q4 Revenue Rises 2.4% To $1.15 Billion As Net Income Falls 17.4%
1+ day, 4+ hour ago (259+ words) Copart reported fiscal 2026 fourth-quarter revenue of approximately $1.15 billion, up 2.4% from the prior-year period, while higher operating costs contributed to declines in gross profit and net income. Gross profit fell 5.5% to $481.4 million from $509.7 million, while net income attributable to Copart decreased…...
Arete Wealth Launches Arete Capital Partners To Expand Investment Banking Capabilities
1+ day, 7+ hour ago (211+ words) Arete Wealth has launched Arete Capital Partners, a dedicated investment banking division designed to expand the firm’s capabilities across capital formation, capital markets and corporate advisory services. The new division formalizes and expands investment banking capabilities that Arete previously provided…...