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...However, its latest virtual reality goggles, PlayStation VR2, have been a slower burn. “It’s a bit of a challenging category right now,” Lempel said, although its own sales were “going well”....
A tie-up with Frontier might be the cleanest way forward
...A proponent of the sector’s fast-growing “heat-not-burn” tobacco products, Lee said KT&G should try to make its popular “lil” cigarette alternative a global brand....
...hold megadonor fundraiser for Donald Trump (FT) Temu-owner PDD doubles revenues to cap ‘pivotal’ year (FT) Raiffeisen pulls AT1 bond deal over Russia deal fears (FT) Boeing warns of first-quarter cash burn...
...engines on the rocket’s second stage, bearing the spaceship that Nasa hopes to use to carry astronauts to the Moon later this decade, fired successfully and nearly completed their scheduled six-minute burn...
...“The stronger the forest fire burns, the faster it burns itself out. The process of burning feels very hot,” he said....
...john.burn-murdoch@ft.com, @jburnmurdoch...
Texas-based company announces plans to nearly triple size of its share repurchase programme from $1bn to $2.7bn
...The International Energy Agency has said the technology will play “an important and growing role” in setting the world on course to achieving net zero goals as economies continue to burn fossil fuels....
...Lions Gate Entertainment, the Hollywood studio that owns Starz, said last year that it was looking to sell or spin off the business, with vice-chair Michael Burns citing recent “transaction multiples” as...
...SVB’s March 8 revelation of accelerated cash burn and limited private capital raise was the bellwether of a business model that had rotted....
...Republican senator Marco Rubio and other lawmakers wrote to US defence secretary Lloyd Austin last week alleging the battery maker was close to the Chinese leadership and that its presence on Marine Corps...
...The International Energy Agency has said the technology will play “an important and growing role” in setting the world on track to achieving net zero goals as economies continue to burn fossil fuels....
...X Corp, as Twitter is now known following Elon Musk’s rebrand, had between 107mn and 109mn daily active Android users in the week that followed the launch of Meta’s text based rival....
...“It is fair to say that the cash continues to burn.”...
...Hydrogen’s attraction is that it is clean when it burns — but producing it requires heat from an established energy source....
...It also comes with protections a merger arbitrage fund could only dream of — underscoring iRobot’s dire cash burn as the antitrust review continues....
...New York in May became the first state to ban natural gas connections in new buildings, prohibiting gas stoves along with water heaters, clothes dryers and other appliances that burn gas....
...Chip stocks have experienced a strong rebound as excessive inventory burns off and investors look ahead to a better second half of the year....
...Need to know: business Rupert Murdoch stepped down as chair of Fox and News Corp, handing leadership to his eldest son Lachlan....
...“There’ll be a question about how quickly do those securities portfolios burn down,” said Oppenheimer research analyst Chris Kotowski....
...As the corp tax goes back to 25%, they could end up paying 25+8% ie 33% vs 27% ie a 6% higher tax rate....
...It appears the billionaire is also willing to burn cash irrationally to remain in the clique of which he is the leading member....
...“With the changes we are making here on massively reducing the burn rate, and building subscriber revenue, I now think that Twitter will, in fact, be okay next year,” Musk said, adding that he had spoken...
...In February News Corp announced plans to reduce headcount by 5 per cent, about 1,250 positions, by the end of the year....
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