corporate

The SoftBank Experiment Has Failed. Here’s What Comes Next.

The SoftBank Experiment Has Failed. Here’s What Comes Next.

Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi Son. The founder and CEO of SoftBank Group (ticker: SFTBY), “Masa” made one of the single-best venture investments of all time, providing a $20 …

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Armata Pharmaceuticals Announces Second Quarter 2022 Results and Provides Corporate Update

Armata Pharmaceuticals Announces Second Quarter 2022 Results and Provides Corporate Update

MARINA DEL REY, Calif., Aug. 11, 2022 /PRNewswire/ — Armata Pharmaceuticals, Inc. (NYSE American: ARMP) (“Armata” or the “Company”), a biotechnology company focused on pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections, today announced financial results for its second quarter 2022 and provided a corporate update.   Second Quarter 2022 and Recent Developments: AP-PA02 …

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A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

Elias Stein Text size Enterprise-software stocks have been beleaguered of late. But depressed valuations lure bargain-conscious private-equity buyers. On Wednesday, Ping Identity , which sells identity-security software, announced a deal to be acquired by Thoma Bravo for $28.50 a share, or $2.8 billion. Ping went public at $15 a share in September 2019 and sold …

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Companies Weigh Fresh Cuts as Operating Costs Go Up

Companies Weigh Fresh Cuts as Operating Costs Go Up

Businesses are reducing office space, scaling back on consulting and opting for cheaper packaging of goods as they look to stay ahead of the downturn. Also, operating expenses at investment-grade nonfinancial companies rose 19.9% to $2.72 trillion during the first quarter from a year earlier, according to data provider S&P Global Market Intelligence. Those U.S. …

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Strikes, ‘food banks’, corporate raiders: BT falls from grace after Covid plaudits

BT’s first national strikes in 35 years, which kick off on Friday morning, are just the latest in a series of headaches to have beset the telecoms company. Amid a backlash over accusations that it set up a “food bank” for cash-strapped staff and the growing threat from a stake-building corporate raider, Philip Jansen’s mission …

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Short Seller Carson Block Sued Over $14 Million Whistleblower Award

Short Seller Carson Block Sued Over $14 Million Whistleblower Award

A private investor is seeking $7 million in a lawsuit against short seller Carson Block and his equity research firm Muddy Waters LLC in a dispute over an approximately $14 million whistleblower award by the Securities and Exchange Commission. Kevin Barnes said he worked with Mr. Block on a report on Focus Media Holding Ltd. …

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