Business
General Dynamics unit awarded $922 million IT infrastructure contract
(Reuters) - General Dynamics Information Technology (GDIT), a unit of General Dynamics, said on Thursday it was awarded a $922 million contract to modernize the U.S. Central Command's IT infrastructure. Under the contract, GDIT will use data ...
Chemours falls on weak quarterly sales forecast after internal review
(Reuters) - Chemours shares fell as much as 15.8% on Thursday, after the chemical company forecast downbeat first-quarter sales and revised some past financial results following an internal review into management misconduct. The review identified ...
Blackwells sues Disney in Delaware over disclosure in relationship with ValueAct
NEW YORK (Reuters) - Blackwells Capital is ratcheting up the pressure on Walt Disney in a bruising boardroom battle by suing the entertainment giant in Delaware court for information that may point to possible disclosure violations in dealings ...
Apple's new iPad Pro likely to launch in May, ramps up overseas production, Bloomberg News reports
(Reuters) - Apple's overseas suppliers have increased production of the company's new iPad models and plans to launch them in early May, Bloomberg News reported on Thursday citing people with knowledge of the matter. Apple's initial plan was to ...
Prices at the Pumps: Pump prognosis and pipepline politics
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New York City Retirement System to back Disney in boardroom battle with Trian, Blackwells
NEW YORK (Reuters) - The New York City Retirement System plans to vote for all Walt Disney directors in a bruising boardroom battle with two hedge funds who are each pushing for board seats for themselves. The retirement system is arguing that ...
Kitchen sponge maker Scrub Daddy explores sale, sources say
By Abigail Summerville (Reuters) - Scrub Daddy, the kitchen sponge maker that gained popularity after securing an investment on U.S. TV show "Shark Tank," is exploring options that include a sale of the company, according to people familiar with ...
Frustration for some of Bankman-Fried's victims who hoped for stiffer sentence
WASHINGTON (Reuters) - Some former FTX customers expressed anger and disappointment on Thursday after Sam Bankman-Fried, the crypto exchange's former billionaire boss, was sentenced to 25 years in prison for stealing $8 billion from customers. ...
Poland's CD Projekt full-year net profit rises 39%
By Adrianna Ebert GDANSK (Reuters) -CD Projekt, Poland's biggest games developer, posted a 39% rise in full-year net profit on Thursday, driven by strong sales of its flagship game Cyberpunk 2077 and the Phantom Liberty expansion. Net profit reached ...
Dartmouth company's software lets kids use video games to become more literate
Julia Rivard Dexter was a good enough paddler to represent Canada at the Olympics, but not a good enough artist to make a living at it. Luckily for kids who aren’t great readers and their parents, Rivard Dexter is good at software, and by extension ...