Anyone who has been taking advantage of Amazon’s liberal return policy regarding e-books could soon be in for a shock. That’s because following discussions with the Authors Guild, Amazon has agreed to block automatic returns on digital books that are more than 10 percent read. Currently, the problem for authors on Amazon is that customers… Continue reading Amazon’s updated e-book return policy looks like a big win for authors
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Boeing to pay $200 million to settle charges over ‘misleading’ crash statements
Boeing has agreed to pay $200 million to settle charges from the Securities and Exchange Commission. The agency found that Boeing made “materially misleading public statements” related to crashes involving its 737 Max aircraft. The company’s former CEO Dennis Muilenburg will also pay $1 million to settle charges. The SEC alleged that Boeing and Muilenburg… Continue reading Boeing to pay $200 million to settle charges over ‘misleading’ crash statements
SoftBank’s Son may talk to Samsung about ‘strategic alliance’ for Arm during Seoul visitSon “may make a proposal” next month, Samsung Vice Chairman Ja…
SoftBank Group Corp founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d like to talk with Samsung about a strategic alliance… Continue reading SoftBank’s Son may talk to Samsung about ‘strategic alliance’ for Arm during Seoul visitSon “may make a proposal” next month, Samsung Vice Chairman Ja…
Byju’s said to have paid $234m to Blackstone to settle dues related to Aakash deal
India’s Byju’s has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private equity firm as part of a $950 million deal to buy Aakash Educational, a source directly involved with the deal said on Friday. The payment made on Thursday was for a stake of about 38% owned by Blackstone… Continue reading Byju’s said to have paid $234m to Blackstone to settle dues related to Aakash deal
General partner Gavin Lee said to be quitting Wavemaker after nearly 8 years
Wavemaker Partners’ general partner, Gavin Lee, is leaving after nearly eight years at the venture capital firm, according to sources aware of the matter. Lee is known to be one of the longest-serving members in Wavemaker’s Southeast Asia investment team. Go to Source
Chinese budget ice-cream, and tea franchise Mixue files for $918m Shenzhen IPO
Chinese ice-cream and tea franchise Mixue Bingcheng Co. Ltd. has applied for an IPO on Shenzhen’s main board in which it aims to raise about 6.5 billion yuan ($918 million). Mixue — whose 21,000 milk tea shops hold about 7% of the nationwide market — plans to use the IPO proceeds to build production lines… Continue reading Chinese budget ice-cream, and tea franchise Mixue files for $918m Shenzhen IPO
How a pivot helped HopSkipDrive emerge successful in a sector where many failed
Joanna McFarland got the idea for HopSkipDrive in 2014 because she needed a solution to a problem that many working parents like herself face: How do you consistently get your kids where they need to be on time? The idea was sparked at a birthday party she attended with one of her children. The topic… Continue reading How a pivot helped HopSkipDrive emerge successful in a sector where many failed
GM invests in Canadian battery recycler to fight supply shortage
General Motors is partnering with a Canadian battery recycler to produce new batteries from recovered battery materials, as it aims to scale EV production in North America amid supply shortages and rising costs. The automaker invested through its GM Ventures arm in a Series A financing round for Lithion Recycling, a developer of advanced battery… Continue reading GM invests in Canadian battery recycler to fight supply shortage
The 5 best affordable electric cars of 2022
Electric vehicles (EVs) can help your household save $1,000 in fuel per year, on average. They’re cheaper to maintain than fossil fuel-powered vehicles, as they don’t need oil changes and have single-speed transmissions and regenerative brakes. They’re also some of the safest cars to drive, with EVs like the Chevy Bolt and Tesla Model 3… Continue reading The 5 best affordable electric cars of 2022
GM investing $760 million in Ohio plant to build drive units for EV Hummer, Silverado, and Sierra
General Motors is preparing for an all-electric future as the automaker announced Friday it would be investing $760 million into its Toledo, Ohio, plant as it gets the facility ready to produce drive units for future GM EV trucks. The automaker has been active these past few months as it gears up for what’s expected… Continue reading GM investing $760 million in Ohio plant to build drive units for EV Hummer, Silverado, and Sierra