Updated July 14, 2020 The Latest Jeff Sessions was soundly defeated in the Alabama Senate primary after President Trump derailed his former attorney general’s political comeback. Follow latest updates here. Biden’s V.P. Search Here are 13 women who have been under consideration to be Joe Biden’s running mate, and why each might be chosen —…
Rivian, the electric vehicle company aiming to become the first to bring an EV pickup truck to market, has raised $2.5 billion in a round led by funds and accounts advised by T. Rowe Price Associates Inc. New investors Soros Fund Management LLC, Coatue, Fidelity Management and Research Company and Baron Capital Group also participated.…
Choose your subscription Not sure which package to choose?Try full access for 4 weeks For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Read more Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full access to the weekend…
Air Canada said on Tuesday it raised nearly $1.6 billion through an offering of shares and convertible senior notes to strengthen its cash flow amid the coronavirus crisis.Airlines, including Air Canada, have been among the worst hit as coronavirus-led travel bans resulted in thousands of flight cancellations, forcing carriers to cut jobs and costs as…
Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render…
Omilia, a company headquartered in Cyprus that has built a conversational AI for customer support, has raised $20 million in its first ever funding round, having been bootstrapped since 2002. Backing comes from Grafton Capital and will be used to invest in further growth, after Omilia grew revenue by “more than” 100% in 2019, with…
An India-based startup that has built a Shopify -like platform for coaching centers to accept fees digitally from students, and deliver classes and study material online has received the nod — and capital — from a number of high-profile investors. The business-to-business startup, called Classplus, said on Monday that it has raised $9 million in…
Gaming platforms have earned serious clout with investors in recent years. Add in the VC excitement surrounding collaboration tools and it’s no surprised there’s interest in backing another gaming chat app. Guilded is creating a chat platform designed for competitive gaming and esports that focuses heavily on keeping gamers organized and connected with their teams.…
May 1 (Reuters) - Clorox Co raised its annual forecast and reported a 15% rise in quarterly sales on Friday as people bought more bleach and other disinfectants because of the COVID-19 pandemic.The Formula 409 maker's net sales rose to $1.78 billion from $1.55 billion in the third quarter ended March 31.Net earnings jumped to…
Chad Wolf, acting secretary of the Department of Homeland Security, hit back at a press conference in DHS headquarters in Washington, D.C. on Tuesday against media reports that the Trump administrati…
President Donald Trump raised an eye-popping $20 million on Tuesday night in his first-ever virtual fundraiser, from a total of more than 300,000 individual donors who participated. This is a great …
The American Civil Liberties Union (ACLU), as well as other migration lobbying organizations, claims it is “unconstitutional” not to count illegal aliens when apportioning congressional representatio…
The United States House of Representatives is set to vote on Wednesday on legislation reversing President Donald Trump's controversial ban on immigration from Muslim countries. The bill, called the …
