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Technology

Reuters | Equities.com |

Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider, from private equity firm Genstar Capital in a $1.4 billion deal.

Chicago, Illinois-based Sphera has more than 3,000 customers and is present in over 100 countries. Its offerings allow organizations to measure and manage their performance and risk exposure pertaining to their ESG activities.


Reuters | Equities.com |

Shares of software firm Alfi Inc finished up 108.8% on Tuesday, one of the latest companies that has seen its stock surge in a broader rally that has refocused attention on so-called meme stocks in recent weeks.

Shares in Alfi closed at $16.29 after touching a high of $16.45, with 211 million shares changing hands, making it the third most actively traded stock on U.S. exchanges on the day. Its market cap has ballooned to $201 million, from a $15.5 million valuation for its early May stock market debut.


Jeff Kagan | Equities.com |

It seems the more we build the Internet, the more capacity and reach we need. There have always been roadblocks to building this vast network, however, and this problem is only growing and has been slow and expensive to fix. One such roadblock is crossing a river, stream or lake. Now, optical wireless communications technology solves this problem.

When installing the Internet network, often the deployment reaches water like a stream, river or larg...


Reuters | Equities.com |

In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption.

Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release.


Reuters | Equities.com |

Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called “the eighth wonder of the world.”

Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.


Reuters | Equities.com |

Apple Inc announced on Tuesday a range of new computers, a paid podcasting service and devices for finding lost items, signaling the continued expansion of its once-simple product line into more and more corners of customers’ lives.

The new $30 AirTags, tiny devices that can be attached to items such as keys and wallets to locate them when they are lost, were applauded by analysts as a likely hot-seller that would also keep the company's more than 1 billion customers locked into its products.


Kimberly Redmond | Equities.com |

Apple Inc (Nasdaq: AAPL) has postponed production of some MacBooks and iPads as the global semiconductor shortage continues, Nikkei Asia reported on Thursday.

According to the report, MacBook production is being hit by a lack of chips that are mounted on the computer’s circuit board, while the iPad is being slowed by issues in the supply chain for display components.


Kimberly Redmond | Equities.com |

LG Electronics announced Monday that it will close its smartphone business with a full exit planned by the end of July.

In a press release, the South Korean tech giant said leaving “the incredibly competitive mobile phone sector” is a “strategic decision” that will enable it to focus on smart home products, electric vehicle components, robotics, artificial intelligence, business-to-business products and other connected devices.


Kimberly Redmond | Equities.com |

Hitachi Ltd (OTC US: HTHIY) announced it will buy Silicon Valley-based software development services provider GlobalLogic Inc for $9.6 billion, including repayment of debt, in an effort to strengthen its digital services business.

On Wednesday, the Japanese industrial company said the acquisition will help it meet a growing demand for technology services, as well as provide Hitachi with a strong client base and digital engineering capabilities.


Reuters | Equities.com |

Shares of Reddit-favorite GameStop Corp slumped 34% on Wednesday, a day after the videogame retailer said it might cash in on a meteoric rise in its share price to fund its e-commerce expansion.

GameStop shares remain up over 500% this year, benefiting from a push by retail investors on Reddit forums to drive up prices of heavily shorted stocks.