Norwegian IT Firm Crayon Explores Sale Amid Deal Flurry
Crayon Group Holding ASA, a Norwegian IT consultancy, is exploring options including a sale as the pace of European tech deals picks up, according to people familiar with the matter.
Bloomberg Tech
Cyberattack Hits US Lab Contractor, Nuclear Waste Site
A contractor for US national laboratories and a radioactive waste storage site managed by the Department of Energy were among the victims of wide-ranging cyberattack that saw several federal agencies hacked, according to a person familiar with the matter.
Micron Says Half of Sales Tied to China-HQ Clients at Risk
Micron Technology Inc. warned that about half of its sales tied to China-headquartered clients may be affected by a cybersecurity probe being carried out by the Chinese government, representing a “low-double-digit percentage” of its global revenue.
SoFi Falls as Trio of Bullish Analysts Retreat After Sharp Rally
A trio of Wall Street bulls have moved to the sidelines on SoFi Technologies Inc. this week after a blistering rally drove the online lender’s stock to double this year.
Adobe Gains After Raising Forecasts on AI Features Roll-Out
Adobe Inc. shares gained after the company raised its full-year revenue and profit outlooks on optimism that generative AI features will spur demand for its software.
Intel, Micron Spending Spree Shows Diplomacy Bearing Fruit
Intel Corp. and Micron Technology Inc. are planning to spend billions of dollars on new chip plants outside of the US, highlighting a global race to diversify supplies of critical components amid tensions with China.
Amazon’s $1.7 Billion iRobot Deal Cleared by the UK
Amazon.com Inc.’s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UK’s antitrust agency, sending shares in the Bedford, Massachusetts firm soaring.
Harvard Morgue Body Part Buyers Tied to Facebook Oddities Group
Members of an alleged conspiracy involving human body parts stolen from Harvard Medical School’s morgue and an Arkansas crematorium connected through a private Facebook group for buying and selling “oddities,” according to court filings.
Crypto Exchange Binance Probed by France for Alleged Illegal Practices
Binance, the world’s largest cryptocurrency exchange, is under investigation by French authorities for the alleged illegal provision of digital-asset services and acts of aggravated money laundering, according to an official for the Paris public prosecutor’s office.
Customers Bancorp Buys $631 Million Loan Portfolio From FDIC
Customers Bancorp Inc. purchased $631 million of venture-banking loans from the Federal Deposit Insurance Corp., paying about 85% of the portfolio’s book value, and is adding a team of bankers that had worked on the financing.