Business Daily News
By Business Daily | Nov 22, 2023
After a turbulent five days, Sam Altman will again lead OpenAI as CEO. The move comes after employee threats to quit and an offer from Microsoft to Altman. OpenAI tweeted late November 21 that they had reached an agreement for Altman's comeback and a new board structure.
By Business Daily | Nov 21, 2023
The global office-sharing company WeWork and several hundred of its affiliates recently filed for Chapter 11 bankruptcy protection in federal court. The case was filed in the US Bankruptcy Court for the District of New Jersey on November 6. This comes amidst a general upswing in the co-working space industry, with other major players showing strong financial growth.
The Right Kind of Magic: State Farm Launches New Creative Campaign with Top Celebrities and Athletes
By Business Daily | Nov 20, 2023
State Farm, the well-known insurance company, is set to launch a new creative campaign called "The Right Kind of Magic." This campaign combines the star power of top-tier celebrities and athletes with the iconic State Farm jingle and the beloved character Jake from State Farm.The campaign will kick off on Thanksgiving Day during the Thanksgiving Day Parade broadcast on NBC. Jimmy Fallon, the popular late-night talk show host, will perform the magic jingle that will make Jake from State Farm appear in the "You’re Joking" spot.Following the parade, the campaign will...
By Business Daily | Nov 15, 2023
H.I.G. Capital announced the sale of its portfolio company, Tastes on the Fly, to Paradies Lagardère, the North American travel retail division of the publicly traded Lagardère Group, on the French stock exchange. The financial advisory role for Tastes on the Fly was undertaken by William Blair & Company, while legal counsel for H.I.G. and Tastes on the Fly in the transaction was provided by Kirkland & Ellis.
By Business Daily | Nov 15, 2023
Wells Fargo announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million competition initiated by the Wells Fargo Foundation and Enterprise Community Partners (Enterprise). Six organizations secured grants ranging from $2 million to $3 million each, along with support from peers and industry experts, to amplify their innovative housing solutions and enhance home accessibility and affordability nationwide.
By Business Daily | Nov 13, 2023
Wells Fargo announced the Wells Fargo Foundation in providing a $750,000 grant to establish the Team Rubicon TRades Academy. The TRades Academy initiative aims to equip individuals with trade skills, such as contracting, electric, plumbing, and HVAC, for application in various communities, particularly in the aftermath of natural disasters, according to a press release by Wells Fargo.
By Business Daily | Nov 11, 2023
Bank of America announced a doubling of its two-year commitment to support the Veteran Loan Fund in its second round. The Veteran Loan Fund, a national collaboration involving various Community Development Financial Institutions (CDFIs) and specialized veteran service organizations, offers responsible capital and technical assistance to underserved veteran entrepreneurs, according to a press release by Bank of America.
By Business Daily | Nov 11, 2023
Goldman Sachs announced its 10,000 Small Businesses is extending its $100 million Investment in Rural Communities initiative, launching in Arkansas. Additionally, it is committing $20 million to the community development financial institution (CDFI) Hope Enterprise Corporation, according to a press release by Goldman Sachs.
By Business Daily | Nov 10, 2023
Dr. Stephen Bane, an ENT specialist, said that a septoplasty procedure is the best solution for a deviated septum. Hollywood stars Jennifer Aniston and Cameron Diaz had similar procedures done to help with breathing and overall health. Dr. Bane, a former U.S. Navy flight surgeon, trained in general surgery in New York at NYU and Bellevue Hospitals and was recognized as one of Northern Virginia Magazine’s Top Doctors in 2020.
By Business Daily | Nov 9, 2023
Thoma Bravo announced that Nasdaq has successfully concluded the acquisition of Adenza from Thoma Bravo. Adenza is recognized for delivering essential risk management, regulatory reporting, and capital markets software to the financial services sector, according to a press release by Thoma Bravo.
By Business Daily | Nov 7, 2023
The Sue Ling Gin Foundation Trust, affiliated with the Flying Food Group (FFG), has made a generous donation of $20 million to the Field Museum of Chicago. The donation was announced during the museum's annual gala by David L. Cotton, CEO of FFG and a Museum Trustee. The gift is intended to support the museum's educational programs and initiatives, which benefit thousands of students in Chicago and beyond.
By Business Daily | Nov 6, 2023
Wells Fargo & Company has teamed up with Allspring Global Investments to introduce a Tribal Inclusion share class for the Allspring Government Money Market Fund. According to Wells Fargo, this share class will be exclusively available to its corporate clients.
By Business Daily | Nov 5, 2023
In a recent development, T-Mobile, the leading telecommunications company, has outperformed industry expectations with its Q3 2023 results. This success is attributed to significant customer growth propelled by exceptional network quality and value proposition within its unique growth areas.
By Business Daily | Nov 3, 2023
The Basser Center for BRCA at the Abramson Cancer Center of the University of Pennsylvania has declared Kenneth Offit, MD, MPH, as the recipient of their 2023 Bassar Global Prize. "It is an honor to be recognized with this award from the Basser Center, which is making a difference for patients with inherited BRCA1 and BRCA2 mutations across the world," said Kenneth Offit.
By Business Daily | Nov 2, 2023
Apple has announced a new lineup of MacBook Pro laptops featuring the all-new family of M3 chips. The M3 family incorporates advanced GPU architecture and enhanced CPU speed, resulting in improved performance and impressive new features.
By Business Daily | Nov 2, 2023
A new study conducted by Klick Labs has discovered a groundbreaking method for an AI model to analyze short voice recordings and diagnose patients with Type 2 diabetes. This breakthrough has the potential to significantly reduce the time and cost associated with diagnosing the disease.
By Business Daily | Oct 31, 2023
Microsoft and Siemens are strengthening their collaboration to introduce the benefits of generative Artificial Intelligence (AI) to global industries. The partnership involves Microsoft's Azure OpenAI Service, which powers Siemens Industrial Copilot, drastically reducing simulation times from weeks to minutes while maintaining user control over data.
By Business Daily | Oct 31, 2023
Adobe, the multinational software company famed for its creative and document management solutions, has appointed Cristiano Amon, President and CEO of Qualcomm Incorporated, to its board of directors. This appointment expands the Adobe Board to 12 members.
By Business Daily | Oct 31, 2023
Oracle has been acknowledged as a Leader in the 2023 "Magic Quadrant for Distributed Hybrid Infrastructure" by Gartner, after a thorough examination of Oracle Cloud Infrastructure (OCI) solutions.
By Business Daily | Oct 31, 2023
Coinbase, a leading cryptocurrency exchange, has solidified its position in Spain by obtaining an Anti-Money Laundering (AML) registration from the Bank of Spain. The company announced this development at the European Blockchain Convention held in Barcelona. "Our foothold in Spain comes as part of a series of developments across Europe," said Coinbase.