Cromwell Schubarth - HoustonNewMedia.org

Tesla is recalling 362,758 vehicles over ‘full self-driving’ safety concerns

Cromwell Schubarth — Fri, 17 Feb 2023 21:02:08 +0000

Tesla Inc. is recalling 362,758 vehicles because its "full self-driving" software may cause crashes.

The National Highway Traffic Safety Administration issued the recall after launching an investigation into the technology last year, it said on its we...

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Nuro, developer of grocery-delivering robot, cuts jobs in Mountain View, Phoenix and Houston

Cromwell Schubarth — Fri, 15 Jul 2022 21:43:22 +0000

Nuro is shutting down its Phoenix area operations and refocusing on Houston and Mountain View.

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Elon Musk clarifies job cut memo, says overall Tesla headcount will grow

Cromwell Schubarth — Tue, 07 Jun 2022 20:07:49 +0000

CEO Elon Musk on tweeted on June 4 that overall headcount at Tesla Inc. will increase over the next 12 months, but not in its salaried staff. The tweet came two days after Musk said in a memo to staff that he a "super bad feeling" about the direction o...

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Tesla to cut 10% of jobs as Musk feels ‘super bad’ about economy, Reuters reports

Cromwell Schubarth — Fri, 03 Jun 2022 18:40:12 +0000

The move could cut around 10,000 jobs globally, based on how many employees the electric vehicle and solar power company said it employed at the end of 2021.

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Self-driving delivery unicorn Nuro scores $600M, partners with Google

Cromwell Schubarth — Tue, 02 Nov 2021 19:37:36 +0000

Nuro Inc., the autonomous delivery unicorn that has partnerships with a handful of companies in Houston, boosted its valuation to about $8.6 billion in a $600 million funding, and announced a partnership with Google Cloud.

It's the Mountain View, Cali...

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SoftBank-backed Katerra seeks bankruptcy protection, blames Covid, lender

Cromwell Schubarth — Mon, 07 Jun 2021 16:56:19 +0000

The SoftBank Group Corp.-backed construction company, which recently moved its headquarters to Houston, said it is proceeding with certain active projects in a number of states but has also notified key stakeholders that many of its U.S. projects will ...

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Report: SoftBank-backed construction startup Katerra is shutting down

Cromwell Schubarth — Tue, 01 Jun 2021 20:35:33 +0000

Katerra, which recently made Houston its North American headquarters, will lay off thousands of employees and is likely to walk away from dozens of construction projects it had agreed to build, according to a report.

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WeWork to go public via SPAC led by tech entrepreneur Vivek Ranadive

Cromwell Schubarth — Fri, 26 Mar 2021 18:53:35 +0000

The deal would value WeWork at $9 billion including debt, far less than the $47 billion that it was estimated to be worth after a private round of financing from SoftBank in 2019, the year its efforts to go public in a traditional IPO imploded.

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Fry’s Electronics shutting down, blames Covid and changing retail market

Cromwell Schubarth — Wed, 24 Feb 2021 17:23:49 +0000

After 36 years in business, Fry's Electronics closed all of its remaining 31 stores in nine states overnight, including three in the Houston area, blaming a double whammy of changes in the retail business and the effects a year of operating during a pa...

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How many jobs has the Paycheck Protection Program saved? SBA didn’t require borrowers to say

Cromwell Schubarth — Sun, 12 Jul 2020 11:00:00 +0000

Thousands of Paycheck Protection Program loans were approved without any estimate of how many jobs the aid would save. Experts say that raises a number of issues, including around loan forgiveness.

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Here’s what Velodyne Lidar is expected to be worth after deal with blank-check co. Graf Industrial

Cromwell Schubarth — Tue, 07 Jul 2020 22:04:53 +0000

Velodyne Lidar founder David Hall is finally taking the San Jose-based company public through a reverse merger that leaves him and existing investors at the steering wheel. Here's how much the company — and insiders' stakes — is expected to be worth.
...

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Velodyne Lidar to go public in reverse merger with Houston blank-check co. Graf Industrial Corp.

Cromwell Schubarth — Thu, 02 Jul 2020 19:25:07 +0000

Velodyne Lidar Inc. said on July 2 that it will start trading on the New York Stock Exchange in the third quarter after a reverse merger with a "blank check" company.

The San Jose, California-based autonomous vehicle sensor company said that it and Ho...

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VC confidence index sinks to all-time low as pandemic takes toll

Cromwell Schubarth — Mon, 18 May 2020 12:53:11 +0000

"Many ventures that were built on a mere business model innovation now find themselves with little to enter a new economic season."

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SEC loosens rules to help small businesses sell stakes to raise funds during Covid-19 crisis

Cromwell Schubarth — Wed, 06 May 2020 13:44:50 +0000

Regulators on May 4 made it easier for small businesses to sell stakes in their companies and get the money they raise that way faster during the economic crisis caused by the coronavirus pandemic.

The move by the U.S. Securities and Exchange Commissi...

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Here’s why Bill.com rocked its NYSE debut and what it means for investors

Cromwell Schubarth — Fri, 13 Dec 2019 19:02:46 +0000

Obituaries for the IPO market at the end of 2019 were a bit premature, at least in the case of one fintech company whose offering greatly surpassed expectations on Dec. 12.

Palo Alto, California-based Bill.com Holding Inc. — which chose Houston for it...

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