Business News

Sprint, T-Mobile Working To Salvage Negotiations

Talks between Sprint and T-Mobile about a potential merger recently broke down when both sides offered deals the other wouldn't accept. There's been a fight over who will have a controlling stake in the combined company, with Sprint owner Softbank aiming to hold that position.

Intel, HP Sponsoring Overwatch League

A couple new major sponsors have been announced for Blizzard's Overwatch League. Intel and HP have signed up for long-term deals with the organization, meaning they'll contribute money to the league and also receive some brand exclusivity benefits as a result.

US Investing $200M In Foreign VC Funds

Using a Congress-approved budget, the US' Overseas Private Investment Corporation (OPIC) says it'll invest $200 million in venture capital funds over the next few years. That money will be used to support projects intended to improve living standards around the world.

Tesla Reports Worst Quarter Ever With Q3

Tesla had its worst quarter ever during Q3, the automaker revealed on Wednesday. It posted a $619 million loss, up from a $336 million loss during the prior quarter. That news wasn't received well even though Tesla did have a record level of revenue.

Xiaomi Ships 10 Million Phones Last Month

Xiaomi is really on a roll lately and their latest achievement is all about shipments. After shipping over 10 million smartphones in September, it appears that the company beat its recording the very next month, confirming its remarkable growth this year.