Snowflake Prices IPO at $120 a Share
The price values the company, which offers businesses cloud-based data management, at more than $30 billion.
Microsoft's Failure to Land TikTok Raises Questions Over What's Next for CEO Nadella
Microsoft CEO Satya Nadella suffered a rare defeat in his company's failed pursuit of viral video app TikTok. That doesn't mean he's done hunting for the tech giant's next big thing.
FedEx Logs Record Revenue on Surge in Packages
The delivery company posted the highest quarterly revenue in its history as the coronavirus pandemic spurred residential-delivery levels normally seen during the holiday season.
Kohl's Cuts Corporate Workforce by 15%
Affected are open roles and jobs at the company's headquarters in Wisconsin and its New York City and California offices.
Nasdaq Ramps Up Cloud Move
Several of Nasdaq's 28 markets in North America and Europe will be hosted in the public cloud in about five years, with all of its markets expected to migrate over the next decade, said Brad Peterson, the New York-based company's chief technology and information officer.
GM Accuses Ex-Board Member of Leaking Information to Rival Fiat
A new General Motors' lawsuit claims Fiat Chrysler bribed an ex-director in an effort to win better labor costs during union bargaining.
DOJ Investigates Electric-Truck Startup Nikola
The Justice Department has joined U.S. securities regulators in examining allegations that electric-truck startup Nikola misled investors by making exaggerated claims about its technology.
Starbucks Sales Recovery Has 'a Ways to Go' as Pandemic Quiets Cities
The coffee chain said its sales remain weak because many urban customers are still working remotely and that it hopes to expand its suburban footprint.
Apple Unveils New Watch Series 6, iPad
In its first virtual-only product reveal, Apple showed off a new smartwatch that has an ability to measure blood oxygen as well as updated iPads, with the latest iPhone unveiling anticipated next month.
Kraft Heinz to Sell Part of Cheese Business for $3.2 Billion
The struggling U.S. food company agreed to sell a big chunk of its cheese business to France's Groupe Lactalis as it seeks to jump-start growth in its other businesses.
