Business

Swan song for General Electric as it completes demerger

The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their ...

Business

Frustrated virtual reality pioneer leaves Facebook's parent

A prominent video game creator who helped lead Facebook's expansion into virtual reality has resigned from the social networking service's corporate parent after becoming disillusioned with the way the technology is being ...

Business

SoftBank Group selling Arm to NVIDIA for up to $40 billion

Japan's SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40 billion, potentially creating a new giant in the industry but sparking an investigation by UK regulators and fears ...

Business

Amid the pandemic, Big Tech reports mixed earnings

Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices.