Corporate News

World’s Biggest Gold Miner Makes $17 Billion Acquisition Bid

There’s gold in them there… mergers and acquisitions. Newmont, the world’s largest gold miner by output, announced Monday it’s making an offer for Australia’s biggest miner, Newcrest, valuing it at $17 billion. Gold M&A has been steadily gaining traction over…

(Photo Credit: Bullion Vault/Flickr)

Elon Musk To Testify in Acquisition-linked Lawsuit

We all make impulsive, splashy purchases from time to time while ignoring the cost and potential consequences — whether it’s a last-minute weekend getaway, NBA playoff tickets, or eating takeout for the third time in a week. For Elon Musk,…

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Four-Day Work Week Trials in Iceland Hailed As “Overwhelming Success”

Best known for its fjords, volcanic mountains, glaciers, and avant-garde pop stars, Iceland is adding to its repertoire, becoming possibly the world’s greatest proponent of the four-day working week. New results from two trials — the largest in history —…

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U.S. Rents Are Now Higher Than Their Pre-Pandemic Trajectory

If 2020 was the year of the rent freeze, 2021 is proving to be the year of the great thawing. According to new data from Apartment List, the median national rent in the United States shot up 9.2% in the…

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Phone Scams Bilked Americans Out Of $30 Billion in 2020

Apparently, the best advice in 2021 is “just let it ring.” Americans lost a record $29.8 billion to phone scams in 2020 — $10 billion more than in 2019, according to a new report. Scammed From Home Last year, Americans…

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After $70 Million Seed Round, Tomo Takes the Lead in “Mortgage Tech” Boom

Securing mortgage financing in today’s white-hot real estate market can be a headache. Securing seed financing for a digital mortgage startup, however, isn’t such an ordeal. In the third major fundraise by a home financing startup in under a week,…

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Harvard and MIT Ink $800 Million EdTech Deal For More Online Education

Harvard University and the Massachusetts Institute of Technology agreed Tuesday to sell nonprofit online course provider edX, which they co-founded in 2012, to education-technology company 2U. The deal will unite two of the world’s biggest online education platforms, tapping heightened…

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Amazon Demands Stake in Suppliers, Picks Up Rights To “SmartLess” Podcast

As one of the world’s leading online retailers, Amazon has certainly amassed considerable leverage when it comes to negotiations. But behind the scenes, the company is in all-out Shark Tank mode. Amazon has reached at least a dozen agreements with…

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Juul Settles North Carolina Vaping Lawsuit for $40 Million

E-cigarette manufacturer Juul agreed Monday to pay $40 million to North Carolina to settle a lawsuit accusing the company of marketing tactics that hooked teenagers on its addictive nicotine products. It’s the first in a series of suits that could…

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Burberry CEO Bails for Luxury Rival Ferragamo

Burberry CEO Marco Gobbetti is fetching his stylish trench coat and walking — the executive stunned his own board at the British luxury group by announcing he’s skipping town to join Italian rival Salvatore Ferragamo. Gobbetti, who revamped the struggling…

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Zuckerberg Adds a Comma to the Scorecard

Much like bad news, good news can come in waves. Such was the case on Monday for Zuckerberg and company when a federal judge dismissed two antitrust lawsuits filed against Facebook. Also on Monday, Facebook joined its big-tech brethren in…

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