Lyft’s Board Director Ben Horowitz Leaves
Business News

Lyft’s Board Director Ben Horowitz Leaves 

Ben Horowitz,  the co-founder and general companion of enterprise capital agency Andreessen Horowitz, won’t search re-election to Lyft’s board, according to a document submitted with the U.S. Securities and Exchange Commission on Monday. Horowitz has served as a board director at the ride-hailing […]

Australia’s Treasury Wine Wrights Penfold’s Demerger
Business News

Australia’s Treasury Wine Wrights Penfold’s Demerger

Australia’s Treasury Wine Estates stated it could spin off the prestigious Penfolds label and shrink its low-end “business” division in the U.S. because it seeks ways to grow profit amid upheaval brought by the coronavirus crisis. The world’s biggest stand-alone […]

Global Markets Fail Before Virus Spread, Cases Grow
Business News

Global Markets Fail Before Virus Spread, Cases Grow

Global stock exchanges dived Friday as disruptions to business from the spreading coronavirus worsened, stoking fears of a prolonged economic downturn. European stocks opened sharply lower, with travel shares bearing the brunt. The Pan-European index was down 2.4%. Germany’s DAX […]

Foxconn Says Production Resumption Reports Are False
Business News

Foxconn Says Production Resumption Reports Are False

Taiwan’s Foxconn stated Thursday that recent reports on its plant resumption plans in China were not factual. Foxconn commented in a statement to the Taipei stock trade, without elaborating on its production standing. The world’s biggest contract electronics manufacturer, formally […]

Elon Musk's SpaceX Sends Third Group of Starlink Satellites
Business News

Elon Musk’s SpaceX Sends Third Group of Starlink Satellites

SpaceX Monday launched its third group of 60 mini-satellites into orbit, a part of its projects to build a giant constellation of thousands of spacecraft that can form a world broadband internet system. The group of 60 satellites separated from a […]