Nation Apr 04 Richard Branson’s Virgin Orbit files for Chapter 11 bankruptcy Richard Branson's Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission this year and increasing difficulty in raising funding for future missions.
Economy Apr 03 UFC, WWE combine to form a $21.4 billion sports entertainment company WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company.
Economy Mar 20 FDIC extends bidding process for Silicon Valley Bank successor The FDIC said Monday that there’s been “substantial interest” from multiple parties for Silicon Valley Bridge Bank.
Nation Mar 17 Parent of Silicon Valley Bank files for bankruptcy protection SVB Financial Group is filing for Chapter 11 bankruptcy protection. SVB Financial Group is no longer affiliated with Silicon Valley Bank or the bank’s private banking and wealth management business, SVB Private.
Economy Mar 15 First major U.S. railroad merger in approved to go forward The first major railroad merger in more than two decades, one that would link the United States, Canada and Mexico, is being approved by federal regulators.
Economy Mar 14 Class action lawsuit filed against Silicon Valley Bank parent company The lawsuit against SVB Financial Group, CEO Greg Becker and CFO Daniel Beck was filed in the U.S. district court for the Northern district of California. It is looking for unspecified damages to be awarded to some SVB investors.
Science Mar 13 Pfizer buys Seagen for $43 billion, seeks new cancer treatments Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue.
Nation Mar 07 WeightWatchers to enter prescription drug weight loss business WeightWatchers shares soared Tuesday after the company said it was getting into the prescription drug weight loss business with the acquisition of Sequence.
Nation Mar 01 TikTok sets new default screen time limits for minors TikTok says every account held by a user under the age of 18 will have a default 60-minute daily screen time limit in the coming weeks.
Economy Feb 16 Tesla workers at New York plant fired after labor push, union says Several employees at a Tesla factory in Buffalo, New York have been fired after launching union organizing efforts two days ago, according to Tesla Workers United.