Redmond, Washington – Microsoft’s Xbox division is preparing for a major restructuring after its chief executive circulated an internal directive on Wednesday, June 10, calling for a “reset” of operations and warning that current performance levels “cannot continue.” The directive, sent to senior leadership, underscores mounting concern over what the...
Reno, Nevada. Nevada Canyon Gold Corp. and Walker River Resources began a reverse circulation drilling program at the Lapon Canyon Gold Project on June 11, 2026, targeting deeper intrusive-related gold-bearing structures identified during 2025 exploration; the companies planned an initial 10,000 metres of RC drilling with potential expansion depending on...
U.S. technology shares fell sharply on Thursday, June 11, 2026, as renewed tensions between the United States and Iran rattled financial markets. The S&P 500 declined 1.6 percent to a five-week low, while a key semiconductor index dropped 3.6 percent. The sell-off followed President Donald Trump’s vow to pursue additional...
United States-based Super Micro Computer shares fell 28 percent on Wednesday, June 10, after the AI-focused server maker announced plans to raise $7 billion in cash through a mix of common stock and convertible preferred stock. The company’s disclosure of a large equity offering during a period of broad market...
New York City — Uber Technologies Inc. filed a lawsuit in the U.S. District Court for the Southern District of New York on Tuesday, seeking preliminary and permanent injunctions to block Local Law 52 of 2026. The company argues the law, effective July 28, would compel it to retain drivers...
Southaven, Mississippi, residents have filed a federal class-action lawsuit against Elon Musk’s xAI and its subsidiary MZX Tech, alleging that a gas-fired power plant serving nearby artificial intelligence data centers generates an “omnipresent and inescapable” nuisance through excessive noise and vibrations. Filed in federal court in Oxford, Mississippi, and made...
Champaign — A 73-year-old Champaign man, identified as Charlie Brown Jr., was arrested Tuesday in connection with the Nov. 11, 1983, strangulation death of 71-year-old Agnes Tybo at the Sundowner Motel in Albuquerque, New Mexico, after modern DNA testing linked preserved crime-scene evidence to his profile, according to Albuquerque police...
HUNTSVILLE, Ala. — Lakeland Industries Inc. reported on Tuesday that it swung to a fiscal first-quarter profit, recording net income of $369,000 and earnings of $0.04 per share on $47.4 million in revenue. The Huntsville-based manufacturer of protective garments and decontamination services sells products across more than 50 countries and...
United States-based automaker Stellantis has announced an urgent safety recall of about 1.3 million Jeep sport utility vehicles due to a risk of engine compartment fires, including when the ignition is switched off. In a notice issued this week, the company urged owners of affected models to park their vehicles...
United States – The owner of athletic retailer Hibbett Sports has announced a major restructuring plan that will immediately close 175 underperforming stores across North America, marking a significant pullback in the company’s brick-and-mortar footprint. The company said the move is intended to streamline operations and ease mounting financial pressures...
