Tomohiro Ohsumi/Getty Images In a memo sent out to staff last month, OpenAI CEO issued a “code red” urging employees to double down on improving the company’s flagship product ChatGPT, as financial pressure loomed and competitors gained ground. The company continues to frantically chase some much-needed revenue. Despite Altman calling ads a “last resort for… Continue reading Sam Altman Says OpenAI Is Slashing Its Hiring Pace as Financial Crunch Tightens
Tag: Production/Sales News
Neuberger Berman Capital Solutions Exits Minority Investment in ENTRUST Solutions Group Through Sale to Leidos for $2.4 Billion
NEW YORK, Jan. 27, 2026 /PRNewswire/ — Neuberger Berman Capital Solutions, along with funds managed by Neuberger Berman Private Markets (collectively, “Neuberger”), announced the exit of its minority investment in ENTRUST Solutions Group (“ENTRUST” or the “Company”) through a sale to Leidos (NYSE:LDOS) for approximately $2.4 billion. Neuberger initially acquired a significant minority stake in… Continue reading Neuberger Berman Capital Solutions Exits Minority Investment in ENTRUST Solutions Group Through Sale to Leidos for $2.4 Billion
Levine Leichtman Capital Partners Announces Investment Team Promotions
LOS ANGELES, Jan. 27, 2026 /PRNewswire/ — Levine Leichtman Capital Partners (“LLCP”), a Los-Angeles based private equity firm, today announced the promotions of several members of its investment management, investment originations, and investor relations teams, effective January 1, 2026. The promotions are as follows: Andrew Alexander and Greg Flaster have been promoted to Senior Managing… Continue reading Levine Leichtman Capital Partners Announces Investment Team Promotions
“Eleanor: Gone Again” completes major milestone with its first customer vehicle delivered and more to come
CHATSWORTH, Calif., Jan. 27, 2026 /PRNewswire/ — Cinema Muscle Recreations announces project milestones and releases an updated mission statement for “Eleanor: Gone Again,” the project launched in 2025 to produce a limited series of the 1967 Ford Mustang-based ‘Eleanor,’ the iconic movie car from “Gone in 60 Seconds.” “Eleanor: Gone Again” has reached its first… Continue reading “Eleanor: Gone Again” completes major milestone with its first customer vehicle delivered and more to come
Cox Automotive Dealertrack Partners with Point Predictive and Adds the Power of AI to Fight the Rising Cost of Fraud
21st Annual Dealertrack Compliance and Fraud Mitigation Guide Released ATLANTA, Jan. 27, 2026 /PRNewswire/ — As costs associated with automotive fraud surge, Cox Automotive is launching a new partnership with Point Predictive that delivers advanced AI-driven identity verification (IDV) solutions to protect dealers, lenders, and consumers. BorrowerCheck by Point Predictive, designed to fight sophisticated techniques… Continue reading Cox Automotive Dealertrack Partners with Point Predictive and Adds the Power of AI to Fight the Rising Cost of Fraud
Anchor Line Partners Supports Stoke Therapeutics’ Growth by Securing a 98,500 Square-Foot Lease in Waltham, MA
New Headquarters Will Support Company’s Work to Deliver zorevunersen, a Potential Disease-Modifying Medicine, to Patients with Dravet Syndrome and Expansion of Research Efforts Lease is One of the Largest in Greater Boston Life Sciences Over the Past Year WALTHAM, Mass., Jan. 27, 2026 /PRNewswire/ — Anchor Line Partners, LLC and Northwood Investors, LLC announced today that… Continue reading Anchor Line Partners Supports Stoke Therapeutics’ Growth by Securing a 98,500 Square-Foot Lease in Waltham, MA
MacLean-Fogg Celebrates 100 Years of Family Ownership, Manufacturing Excellence, and Innovation
A Century Built on Reinvention MacLean-Fogg’s history tracks the evolution of American manufacturing. The company started by solving fastening challenges for railroad transportation—the infrastructure moving commerce across the country. Over time, it expanded beyond rail into industrial markets, applying its engineering discipline to new products and customer needs. As industries changed, so did MacLean-Fogg. The company invested… Continue reading MacLean-Fogg Celebrates 100 Years of Family Ownership, Manufacturing Excellence, and Innovation
Cox Automotive Forecast: New-Vehicle Sales Slow in January, as Harsh Winter Weather and Economic Headwinds Hit Market
January’s new-vehicle sales pace is expected to finish near 15.3 million, down from last January’s 15.5 million level and lower than December’s 16.1 million. Sales volume in January is expected to reach 1.14 million, up 3.2% from last year but down 23.5% from December. New-vehicle sales in January are expected to follow the seasonal trend… Continue reading Cox Automotive Forecast: New-Vehicle Sales Slow in January, as Harsh Winter Weather and Economic Headwinds Hit Market
Resonetics to Acquire Resolution Medical, Expanding Capabilities in Neuromodulation and Structural Heart Markets
NASHUA, N.H., Jan. 27, 2026 /PRNewswire/ — Resonetics announced today that it has signed an agreement to acquire Resolution Medical, a leading provider of integrated design and manufacturing solutions for complex medical devices. Resolution Medical is headquartered in Fridley, MN, with additional operations in the Netherlands, and is currently owned by Arcline Investment Management. The transaction… Continue reading Resonetics to Acquire Resolution Medical, Expanding Capabilities in Neuromodulation and Structural Heart Markets
Trade pact with EU could be a boost for India’s auto sector– but there is a catch
In 2024, India imported motor vehicles worth over €1.6 billion from the EU, according to the official data. India on Tuesday agreed to significantly lower import quotas and tariffs for European carmakers under the newly signed India-EU free trade agreement. Under the new pact, it has been agreed to allow up to 2,50,000 European-made vehicles… Continue reading Trade pact with EU could be a boost for India’s auto sector– but there is a catch