The United States Justice Department has said that United Airlines will pay USD 49 million in order to settle the civil claims and criminal charges related to international mail delivery fraud. The matter is related to the transportation of international mail. The airline charged for the mail even without delivering…
NASA Awards Texas-Based Firefly Aerospace USD 93.3 Million Contact To Deliver Payloads To Moon In 2023
An American company has won a NASA contract for its Artemis program. The company is Firefly Aerospace. It is based in Texas. The space agency has awarded Firefly Aerospace a contract worth USD 93.3 million to deliver payloads to Moon. NASA said that the initiative is a part of its…
Goldman Sachs CEO David Solomon’s Annual Compensation Cut By 36 Per Cent Over 1MDB Scandal
Goldman Sachs has said that the annual pay of chief executive officer David Solomon for 2020 will fell by around 36 percent because of a penalty deduction. The deduction will bring his salary down to USD 17.5 million for 2020. This will be down by USD 10 million when compared…
Tesla Sues Former Software Automation Engineer For Allegedly Stealing Proprietary Information
Despite all the efforts to keep its technology safe, some of the valuable information about Tesla has been allegedly stolen by a former employee. The electric vehicle manufacturer had hired a software automation engineer in early January. However, it immediately fired the engineer for allegedly stealing some valuable information related…
Cruise, General Motors Partner With Microsoft To Speed Up Commercialization Of Driverless Vehicles
Cruise, a driverless car unit of General Motors, has decided to enter into a long-term strategic partnership with tech giant Microsoft to speed up the commercialization of driverless vehicles. Under this partnership, these companies will bring together their expertise in software and hardware engineering along with manufacturing know-how to provide…
Haven, joint health-care venture of Amazon-Berkshire-JPMorgan, is reportedly shutting down soon
Haven, the joint health-care venture of America’s top companies, is reportedly shutting down in the month of February. Amazon, JPMorgan, and Berkshire Hathaway joined hands to start the healthcare-focused entity in January 2018. It was started with the aim of lowering costs and improving outcomes in health care. The start-up…
Amazon Announces New Fulfilment Centers, Promises 1,500 Full-Time Jobs
Amazon has announced its plans to open a new delivery station and two fulfillment centers. All three facilities will come-up in San Antonio and are expected to offer more than 1,500 full-time jobs. One of the facilities will be built in the area of one-million-square-foot and expected to open in…
Thoma Bravo To Buy Richardson-Based Real Page For USD 10 Billion
Software firm RealPage Inc is being purchased by San Francisco-based private equity firm Thoma Bravo. The firm has agreed to pay around USD 10 billion to seal the deal. Reports suggest that the deal will be sealed in the second quarter of the year 2021. Richardson-based RealPage Inc serves more…
Apple Maps’ Look Around Feature Expanded To Four More United States Cities
Tech giant Apple has announced to expand its Look Around feature in the United States. The Look Around is a technology in Apple Maps. The company said that it is now available to four more cities. The cities are Denver, Detroit, Miami, and Ft. Lauderdale. The Look Around feature is…
Amazon CEO Jeff Bezos’s Ex-Wife Donates USD 4.2 Billion In Charitable Giving
MacKenzie Scott, the ex-wife of Amazon CEO Jeff Bezos, has donated around USD 4.2 billion in the last four months to 384 organizations. The money has been donated as part of charitable giving to these organizations from all 50 states. The donation is being done to address the pressing needs…