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Imagine making nearly $100 billion extra and dedicating exactly one vague sentence to it. That’s just what Google parent Alphabet did in its second quarter earnings report.The tech giant reported that its “other income” totaled $98 billion in the second quarter, noting it came from unrealized gains on its investments.Analysts…
A federal judge held Monday that President Donald Trump’s $10 billion lawsuit against the IRS was manufactured simply to justify its settlement, including a multibillion-dollar “anti-weaponization” fund for political allies and a shield from IRS scrutiny.”This lawsuit was not brought to vindicate rights; it was brought to manipulate the judicial…
Before the robots go to work, they have to go to school.Apptronik, a Texas-based humanoid startup that counts Google and Mercedes among its investors, has opened a “Robot Park” in Austin. At the nearly 90,000-square-foot warehouse, its Apollo robots practice tasks like loading boxes onto conveyor belts and sorting toys…
GameStop CEO Ryan Cohen is so determined to buy eBay that he’s taken his own $35 billion pay deal off the table.Cohen has withdrawn the proposed compensation package because he wants to fully focus on revitalizing GameStop’s business and acquiring eBay, GameStop said in a press release on Tuesday.Cohen has…
Sebastian Kurz once worked out of Austria’s chancellery on Vienna’s Ballhausplatz, an imposing government building that resembles a Baroque palace. Today, he welcomes visitors to a sleek glass office tower that blends seamlessly into Tel Aviv’s skyline.The contrast between the two workplaces couldn’t be greater. What hasn’t changed is Kurz’s…
Pizza Hut is getting a new owner after years of weak sales and growing questions about the future of one of America’s best-known pizza brands.Yum! Brands said Tuesday it entered into agreements to sell Pizza Hut for $2.7 billion, splitting the business between two buyers. LongRange Capital, a private equity…
Microsoft was recently in talks with Oracle about leasing the company’s cloud infrastructure, but the deal fell through due to security and compliance concerns, according to people familiar with the matter. One of the people said that the deal could have been worth more than $3 billion.The failed talks highlight…
Rupert Murdoch chased the TV Guide of the Future for years. He spent billions trying to build an on-screen map for digital television before giving up.Now his son Lachlan looks like he’s making it happen by buying Roku in a $22 billion deal.On paper, Lachlan’s transaction seems like the thing…
The cybersecurity startup Tanium, which was last valued at $9 billion, recently underwent a leadership reshuffle after losing five top executives.Tanium, based in the Seattle area, was founded in 2007 and has stayed private since then. It has raised nearly $1 billion, according to PitchBook, and is backed by investors…
