Category: Business

The U.S. Federal Communications Commission (FCC) said on Monday it has awarded $9.2 billion to provide high-speed broadband internet service to 5.22 million unserved homes and businesses, boosting access in rural areas. The FCC said in its “Rural Digital Opportunity Fund” auction that Charter Communications Inc won $1.22 billion to provide service to 1.06 million […]

The Nasdaq closed at a record high on Monday after investors moved into mega-cap growth stocks even as a new round of COVID-19 restrictions underscored the continuing economic impact of the pandemic on the United States. The tech-heavy Nasdaq advanced to close at a record, as several of its largest constituents, including Apple and Facebook […]

Sentiment among Japanese manufacturers and service-sector firms in December improved to its least pessimistic since February, as businesses eyed a slow and bumpy recovery from COVID-19 disruptions. Both sectors expect conditions to stay negative into next spring, with respondents’ negative comments about business outnumbering positive ones, which tracks the Bank of Japan’s (BOJ) closely watched […]

The makers of Energizer and Duracell batteries have ended two lawsuits accusing each other of advertising false claims to consumers about battery life. According to filings on Friday in Manhattan federal court, Energizer Holdings Inc and Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc, agreed to voluntarily dismiss competing lawsuits filed there. Energizer […]

Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve profitability. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. This marks […]

The Trump administration on Monday proposed allowing companies searching for oil and gas deposits in the Arctic National Wildlife Refuge to disrupt polar bears living there. The so-called “incidental harassment authorization” proposed by the U.S. Fish and Wildlife Service would pave the way for seismic surveys in the refuge’s coastal plain, a key part of […]

Nearly 50 buyout firms and investors have signed a global initiative that aims to improve diversity and inclusion among their ranks, a U.S. private equity investor association said on Monday. The move comes as Wall Street tries to shake off its male- and white-dominated image. Only about a fifth of the employees in the alternative […]