In conclusion, Natural Earth Group's participation in the Observant Analytics Intelligent Decision Summit was a testament to their commitment to innovation and excellence in the beauty industry. By sharing their expertise in omnichannel digital innovation and AI practices, Natural Earth Group has set a benchmark for other companies looking to leverage data intelligence for strategic decision-making. As they continue to pioneer new technologies and customer-centric solutions, Natural Earth Group remains at the forefront of the industry, driving positive change and shaping the future of beauty and skincare.Brown-Forman Increases Cash Dividend for 41st Consecutive YearAlibaba's swift response and transparency in addressing the fire have been commended by analysts and customers alike, underscoring the importance of proactive crisis management in maintaining trust and confidence in a company's services. The incident serves as a reminder of the inherent risks in managing vast data centers and the continuous need for stringent safety measures to mitigate potential threats.
Aboriginal digital ID offers Indigenous Australians pathway to essential services
Share to Facebook Share to Twitter Share to Linkedin A Cruise vehicle leaves a lot in San Francisco. General Motors, after pouring billions of dollars into its Cruise robotaxi unit over the past eight years, said it’s ending the subsidiary’s stand-alone efforts and will combine it with in-house efforts to develop autonomous driving technologies for personal vehicles. The Detroit-based automaker said it will no longer fund Cruise’s robotaxi work as it will take too long and cost too much to scale the business to compete with competitors it didn’t identify. Presumably, its biggest challenge is catching up with Waymo, which is carrying hundreds of thousands of riders in its robotaxis every week and is about to expand the service to Miami, Austin and Atlanta. “This is the latest in a series of decisions that GM has announced that underscore our focus on having the right technology for the future of our company and the industry,” Mary Barra, GM’s chair and CEO, said on a conference call. “GM made this decision to refocus our strategy because we believe in the importance of driver assistance and autonomous driving technology in our vehicles.” “Cruise has been an early innovator in autonomy, and the deeper integration of our teams, paired with GM’s strong brands, scale, and manufacturing strength, will help advance our vision for the future of transportation.” Cruise, acquired by GM in 2016, was among the best-funded robotaxi companies, raising more than $8 billion, including investments from SoftBank and Honda. For years it was locked in a tight competition with Alphabet’s Waymo to be a dominant player in the emerging autonomous vehicle space. However the company struggled to regain its footing after an October 2023 accident when one of its robotaxis struck and dragged a woman in San Francisco, shortly after the company had opened up the robotic ride service to the public. Cruise recently announced plans to work with Uber and was focused on rebuilding trust in the brand, but those efforts were not seen as sufficient by GM’s management. A Cruise technician removes a cone from the hood of a disabled self-driving robotaxi in San Francisco in July 2023. The move is reminiscent of a 2022 decision by Ford and Volkswagen to shut down Argo AI , their joint-venture autonomous driving unit, which like Cruise had also raised billions from the automakers. Ford CEO Jim Farley at the time also said funding a robotaxi startup was too costly and would take too much time. Uber, which now partners with Waymo in some cities, shut down its efforts to develop robotaxis in 2020, months after a fatal accident in which one of its test vehicles killed a pedestrian in suburban Phoenix. Barra made no mention of the Cruise accident, instead focusing on the need for GM to use its funds more efficiently. “Given the considerable time and expense required to scale a robotaxi business in an increasingly competitive market, combining forces would be more efficient and therefore consistent with our capital allocation priorities,” she said. Though Tesla’s Elon Musk has set a goal for his company to be a leader in robotaxi technology, it hasn’t yet demonstrated the ability to achieve that , at least not in the near term. Instead, Waymo appears to be in a unique position of being the only large-scale player in the robotaxi space. The company last month said it’s carrying more than 150,000 paying customers in Phoenix, San Francisco and Los Angeles, a number that will likely jump dramatically next year as it enters new cities and expands its vehicle fleet. So far, it’s also managed to avoid any serious accidents that could slow its growth plans. Amazon’s Zoox unit, which is preparing to launch a robotaxi service in Las Vegas, for now appears to be one of Waymo’s few U.S. competitors though its scale is much smaller. GM owns about 90% of Cruise and will acquire the remaining shares in it from other investors after receiving approval from the Cruise board. It expects to save more than $1 billion a year after completing the restructuring plan next year. Barra didn’t say exactly how many Cruise employees would be moved over to GM during the conference call. More From Forbes Editorial Standards Forbes AccoladesIn a world where trends come and go at the drop of a hat, it's no surprise that the latest style craze has taken a unique spin. Introducing "Barnstorming" - the fusion of classic farm fashion with a modern twist that's been making waves on and off the runway.Brazilian police indict former President Bolsonaro and aides over alleged 2022 coup attemptAs the comedian reached the climax of his tale, the audience held their breath, unsure of what would come next. Just when they thought they couldn’t take any more, Lady Tiana herself appeared on stage, a haunting presence that sent chills down their spines.
Boston Scientific EVP Arthur Butcher sells $1.25 million in stockNoneTechwave’s new Hyderabad facility to create 1,200 jobsSAN JOSE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (“Nutanix”) (Nasdaq: NTNX), a leader in hybrid multicloud computing, today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Nutanix also expects to grant the initial purchasers of the notes an option to purchase up to an additional $112.5 million aggregate principal amount of the notes within a 13-day period from, and including, the initial issuance date of the notes. The notes will be unsecured senior obligations of Nutanix. Interest will be payable semi-annually in arrears. The notes will mature on December 15, 2029, unless earlier converted, redeemed, or repurchased. The notes will be convertible at the option of holders, subject to certain conditions and during certain periods. Upon conversion, the notes may be settled in cash, shares of Nutanix’s Class A common stock or a combination of cash and shares of Nutanix’s Class A common stock, at Nutanix’s election. The interest rate, initial conversion rate and other terms of the notes are to be determined at the time of the pricing of the offering. Nutanix intends to use the net proceeds from the offering to (i) repurchase a portion of its outstanding 0.25% Convertible Senior Notes due 2027 (the “2027 notes”) concurrently with the pricing of the offering in separate and privately negotiated transactions with certain holders of its 2027 notes (the “concurrent note repurchases”) effected through one of the initial purchasers of the notes or its affiliate, acting as Nutanix’s agent, and (ii) repurchase up to $200.0 million of shares of Nutanix’s Class A common stock in privately negotiated transactions with institutional investors effected through one of the initial purchasers of the notes or its affiliate, acting as Nutanix’s agent, at a price per share equal to the last reported sale price of Nutanix’s Class A common stock on the Nasdaq Global Select Market on the date of the pricing of the notes (the “Share Repurchase”). Any such Share Repurchase would not reduce the amount available for future repurchases under Nutanix’s existing share repurchase program. Nutanix intends to use the remaining net proceeds from the offering for general corporate purposes, including working capital, capital expenditures and potential acquisitions. From time to time, Nutanix evaluates potential acquisitions of businesses, technologies or products. Currently, however, Nutanix does not have any understandings or agreements with respect to any acquisitions. The terms of the concurrent note repurchases are anticipated to be individually negotiated with each holder of the 2027 notes participating in the concurrent note repurchases, and will depend on several factors, including the market price of Nutanix’s Class A common stock and the trading price of the 2027 notes at the time of each such concurrent note repurchase. Certain holders of any 2027 notes that Nutanix agrees to repurchase may have hedged their equity price risk with respect to such 2027 notes and may, concurrently with the pricing of the notes, unwind all or part of their hedge positions by buying Nutanix’s Class A common stock and/or entering into or unwinding various derivative transactions with respect to Nutanix’s Class A common stock. Any repurchase of the 2027 notes, and the potential related market activities by holders of the 2027 notes participating in the concurrent note repurchases, together with the repurchase by Nutanix of any of its Class A common stock concurrently with the pricing of the notes, could increase (or reduce the size of any decrease in) the market price of Nutanix’s Class A common stock, which may affect the trading price of the notes at that time and the initial conversion price of the notes. Nutanix cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or its Class A common stock. No assurance can be given as to how much, if any, of the 2027 notes or the Class A common stock will be repurchased or the terms on which they will be repurchased. Neither the notes nor the shares of Nutanix’s Class A common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, such registration requirements. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Nutanix’s financing plans, Nutanix’s ability to complete the offering, the timing and size of the offering, the concurrent note repurchases and the Share Repurchase, Nutanix’s intended use of the net proceeds of the offering. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether Nutanix will be able to consummate the offering, the final terms of the offering, the satisfaction of customary closing conditions with respect to the offering of the notes, prevailing market conditions, the anticipated use of the net proceeds of the offering of the notes, which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. Forward-looking statements may be identified by the use of the words “may,” “will,” “expect,” “intend,” and other similar expressions. These forward-looking statements are based on estimates and assumptions by Nutanix’s management that, although believed to be reasonable, are inherently uncertain and subject to a number of risks. Actual results may differ materially from those anticipated or predicted by Nutanix’s forward-looking statements. All forward-looking statements are subject to other risks detailed in Nutanix’s Annual Report on Form 10-K for the fiscal year ended July 31, 2024, and the risks discussed in Nutanix’s other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Nutanix undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof, except as required by applicable law. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.com
One of the key pillars of the discussion was the imperative of expanding domestic demand. Participants underscored the need to stimulate consumer spending, boost household income, and promote the consumption of domestic goods and services. By empowering consumers and strengthening their purchasing power, China can create a virtuous cycle of economic growth that benefits both businesses and consumers alike. The emphasis on expanding domestic demand aligns with China's broader strategic goal of rebalancing its economy towards greater consumption-led growth.The Bonucci transfer saga of 2016/17 serves as a reminder of the intricacies and complexities involved in high-profile transfers in modern football. It shows the strategic thinking of managers like Guardiola, the valuation placed on top-quality defenders, and the influence of player exchanges in transfer deals. While the deal did not come to fruition at that time, it remains a significant chapter in the transfer history of both Leonardo Bonucci and Manchester City.
Clemson left guard Trent Howard out with ACL tear for South Carolina gameChildren are being recruited into Haitian armed gangs at an alarming rate, UNICEF saysSangpo Village Breaking Free from Snow Boots OEM Label, Embarking on a New Era of In-house Design, Production, and Sales
Moreover, Sangpo Village seized the opportunity to take control of its sales and distribution channels. By establishing partnerships with retailers and e-commerce platforms both locally and internationally, the village was able to reach a wider audience and expand its market reach. Through targeted marketing campaigns and strategic collaborations, Sangpo Village effectively promoted its brand and generated buzz around its new line of snow boots.Pete Hegseth continues work to shore up support ahead of confirmation hearings
