Technology companies experienced a boost as their shares reacted positively to earnings results and anticipated reports from tech giants Apple and Amazon.com this week.
ON Semiconductor Reports Second-Quarter Profit Increase
ON Semiconductor saw a rise in second-quarter profit, although revenue remained flat as demand stabilized.
California Privacy Protection Agency to Examine Data Collection Practices of Smart Vehicles
The California Privacy Protection Agency, established through a ballot initiative in 2020, is the sole regulator in the country dedicated exclusively to privacy issues. It will now investigate the increasing aggregation of data collected by smart vehicles, as well as assess whether the business practices of the companies involved comply with state law.
Private Equity Firms to Acquire New Relic in $6.5 Billion Deal
Private-equity firms Francisco Partners and TPG have agreed to purchase New Relic, valuing the software company at approximately $6.5 billion. The deal, worth $87 per share in cash, will take San Francisco-based New Relic off the public markets after almost nine years since its debut at $23 per share.