business - prologiseurope

Innoviz wins $4 billion deal for Volkswagen lidar

In this illustration, the Innoviz Technologies logo is displayed on a smartphone. Rafael Henrique | SOPA pictures | Lightrocket | Getty Images Israeli lidar maker Innoviz announced Tuesday that it has won a contract to supply lidar modules and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion … Read more

Hackers drain nearly $200 million from crypto firm Nomad

Billions of dollars in value have been wiped out of the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Credit and trading companies are facing a liquidity crisis and many companies have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers siphoned off nearly $200 million in … Read more

Uber’s earnings for the second quarter of 2022

Uber Technologies Inc. CEO Dara Khosrowshahi speaks during an interview in San Francisco, Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty Images Uber reported a second-quarter loss on Tuesday, but beat analysts’ revenue estimates. Uber shares rose 14% in premarket trading. Here are the key figures: Loss of an item: $1.33, not … Read more

Canada’s TD Bank will buy US brokerage Cowen in a $1.3 billion deal

The TD Bank logo is seen atop the Toronto Dominion Canada Trust Tower in Toronto, Ontario, Canada March 16, 2017. Picture taken March 16, 2017. REUTERS/Chris Helgren/File Photo Sign up now for FREE unlimited access to Sign up Aug 2 (Reuters) – Canada’s Toronto Dominion Bank ( TD.TO ) will buy New York-based boutique … Read more

Cryptoverse: Bitcoin hits the heat in July’s jump

A display of virtual currency bitcoin and a one-dollar bill are seen in front of a stock chart in this photo taken Jan. 8, 2021. REUTERS/Dado Ruvic Sign up now for FREE unlimited access to Sign up Aug 2 (Reuters) – It’s been a good month for bitcoin – and we haven’t said that … Read more

US Special Operations Command selects L3Harris’ Sky Warden for armed overwatch

WASHINGTON – The US Special Operations Command announced Monday that it has selected the AT-802U Sky Warden, manufactured by L3Harris Technologies and Air Tractor, for its armed overwatch. The indefinite-delivery, indefinite-quantity contract will amount to up to $3 billion, L3Harris said in a statement on Monday. The initial program contract is for $170 million. Air … Read more

Oil company BP’s earnings for the second quarter of 2022

BP gas station in Madrid, Spain. Sopa pictures | Lightrocket | Getty Images LONDON – BRITISH oil giant BP on Tuesday reported second-quarter profits that benefited from higher commodity prices. The U.K. energy company posted an underlying replacement cost profit in the second quarter, used as a proxy for net profit, of $8.5 billion. That … Read more