NEW YORK: Dick’s Sporting Goods has agreed to buy smaller rival Foot Locker for $2.4 billion in a deal that sent Foot Locker shares soaring while dragging down Dick’s stock, the companies announced Thursday. Foot Locker’s stock surged 75% to $22.50 in premarket trading following the news, while Dick’s shares fell 9%. The offer of $24 per share represents…
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Orbite and 7Lifestyle to provide exclusive astronaut training experiences
Orbite, the premier provider of space training and operations for space explorers, has announced a strategic partnership with 7Lifestyle, a leading concierge service catering to high-net-worth individuals (HNWIs), to offer elite clientele exclusive access to spaceflight preparation and training programs. Through this collaboration, 7Lifestyle members will gain privileged entry to Orbite’s Experience Train Fly program, which features Space…
Alibaba’s net income surged to $1.65 billion driven by AI and cloud growth
HANGZHOU: Alibaba Group Holding Ltd. (NYSE: BABA) announced strong financial results for the quarter and fiscal year ended March 31, 2025, with revenue growth fueled by its artificial intelligence and cloud businesses. The Chinese e-commerce and tech giant reported a 7% year-over-year revenue increase for the quarter, reaching $32.58 billion (RMB 236.45 billion). Net income surged 1,203%…
eToro shares surge in Nasdaq debut after $310 million IPO
eToro shares rose sharply in its Nasdaq debut on Wednesday, opening at $69.69—a 34% premium to its $52 IPO price—boosting its market capitalization to $5.6 billion. Shares remained up over 30% in early trading. The Israel-based brokerage sold nearly 6 million shares at $52 apiece, above its projected $46–$50 range, while existing investors offloaded an…
Boeing, GE Aerospace secure $96 billion aircraft deal with Qatar Airways
DOHA: Boeing and GE Aerospace finalized a $96 billion agreement to provide Qatar Airways with up to 210 aircraft, the White House announced. Boeing CEO Kelly Ortberg joined President Donald Trump in Doha for a signing ceremony, cementing the airline’s purchase of 787 Dreamliners and 777X jets powered by GE engines. The deal marks Boeing’s…
Uber and iFood partner to integrate ride-hailing, delivery services in Brazil
Uber Technologies Inc. (NYSE: UBER) and iFood, a leading Latin American delivery platform, announced a partnership Tuesday to integrate ride-hailing and delivery services in Brazil. Under the agreement, iFood users can book Uber rides directly in its app, while Uber users will access iFood’s food, grocery, and pharmacy deliveries. The integration aims to streamline services…
Soopra AI unveils AI-driven social network, secures pre-seed funding
Soopra AI, a company specializing in AI-driven personas for real-time engagement, announced Wednesday the launch of Soopra AI 2.0, also known as Soopra ASK. The latest version introduces the world’s first social network of AI agents, aimed at enhancing digital interactions for creators, influencers, and experts. Alongside the product launch, Soopra AI disclosed the completion…
Onelife Fitness expands in Loudoun County with $10 million Ashburn facility
Onelife Fitness, known for its affordable, high-quality health clubs, is expanding in Loudoun County, Virginia, with a $10 million project. The new 55,000-square-foot Ashburn location at Ashbrook Commons will feature strength training, cardio, turf training, an indoor saltwater pool, and cutting-edge recovery services such as red light therapy, cold plunges, and saunas. This will be Onelife’s…
Avicena raises $65 million in Series B funding to advance AI interconnect technology
SAN JOSE, Calif. — Avicena, a leader in ultra-low power, high-density microLED-based interconnects, announced Wednesday that it has raised $65 million in Series B funding, bringing its total capital raised to $120 million. The funding round was led by Tiger Global, with participation from new and existing investors including Maverick Silicon, Prosperity7 Ventures, Venture Tech Alliance,…
European Biogas Association calls for binding 2040 target to scale biogas production
BRUSSELS: As the European Union advances toward its 2040 climate goals, the European Biogas Association (EBA) is pushing for biogases to play a central role in the bloc’s energy transition. The industry group has proposed a binding target of 100 billion cubic meters (bcm) of biogas and biomethane production by 2040, positioning the sector as a key driver…
Origin gets $21 million Series A funding to transform global benefits industry
LONDON: Origin, the world’s first Global Benefits Intelligence platform, officially launched Tuesday with $21 million in Series A funding led by Felix Capital. Acadian Ventures and Notion Ventures also participated, along with individual investors including Tudor Havriliuc, former vice president of HR at Meta; Paul Daugherty, retired chief technology officer at Accenture and author of…
Responsive acquires Australia’s Bidhive to expand APAC presence
SAN FRANCISCO: Responsive, a global leader in AI-powered Strategic Response Management (SRM) software, announced Tuesday its acquisition of Bidhive, an Australian bid and proposal management platform. The deal strengthens Responsive’s foothold in the Asia-Pacific (APAC) region. Bidhive’s expertise in bid management complements Responsive’s AI-driven platform, enabling enterprises to handle requests for proposals (RFPs), tenders and…