latest news in companies

IAC Sells Care.com to Pacific Avenue for $320 Million

IAC Sells Care.com to Pacific Avenue for $320 Million

Los Angeles, Wednesday, 18 March 2026.
Pacific Avenue Capital Partners has acquired Care.com for $320 million. This strategic transaction finalizes IAC’s exit from the caregiving market, resulting in a notable $180 million loss.

ALM Automotive Drives Regional Consolidation With Five New Middle Georgia Dealerships

ALM Automotive Drives Regional Consolidation With Five New Middle Georgia Dealerships

Atlanta, Wednesday, 18 March 2026.
On March 18, 2026, ALM Automotive acquired five Middle Georgia dealerships, strategically connecting them to an 8,000-vehicle network and highlighting rapid consolidation in the Southeast’s auto retail sector.

BNB Plus Corp Secures European Patent to Accelerate Global mRNA Production

BNB Plus Corp Secures European Patent to Accelerate Global mRNA Production

Munich, Wednesday, 18 March 2026.
Securing critical intellectual property rights through 2040, BNB Plus Corp’s new European patent empowers its advanced platform to deliver faster, cleaner mRNA production for the expanding biotherapeutics market.

How a Scuba Diver's $2,000 Startup Secured a $250,000 Shark Tank Investment

How a Scuba Diver's $2,000 Startup Secured a $250,000 Shark Tank Investment

Los Angeles, Wednesday, 18 March 2026.
Built from a mere $2,000 initial investment, Rip Tie Hair leveraged impressive 92% profit margins and $2.7 million in sales to secure a $250,000 Shark Tank deal this March.

The Multi-Billion Dollar Race to Control AI's Physical Infrastructure

The Multi-Billion Dollar Race to Control AI's Physical Infrastructure

San Francisco, Wednesday, 18 March 2026.
Tech giants are aggressively securing power and data centers to dominate the AI market, highlighted by a projected $450 billion infrastructure spend in 2026 to build competitive moats.

Fully American-Made Mobile Cannon Showcases 360-Degree Firepower at Huntsville Defense Expo

Fully American-Made Mobile Cannon Showcases 360-Degree Firepower at Huntsville Defense Expo

Huntsville, Wednesday, 18 March 2026.
Debuting at the Huntsville defense expo, Elbit America’s SIGMA system is the only fully US-manufactured wheeled howitzer, offering revolutionary 360-degree firing to modernize domestic military procurement.

New Cyberattack Silently Compromises iPhones Through a Simple Website Visit

New Cyberattack Silently Compromises iPhones Through a Simple Website Visit

Cupertino, Wednesday, 18 March 2026.
Russian hackers are utilizing a newly discovered technique, DarkSword, to completely compromise iPhones and steal sensitive data—including cryptocurrency—the moment a user visits an infected website.

Meta to Close Horizon Worlds VR Platform Amid Shift Toward Mobile and AI

Meta to Close Horizon Worlds VR Platform Amid Shift Toward Mobile and AI

Menlo Park, Wednesday, 18 March 2026.
Following billions in operating losses, Meta will shut down its flagship virtual reality platform, Horizon Worlds, on June 15, 2026, pivoting the social network entirely to mobile.

Bain Capital Backs 125-Year-Old HVAC Leader Duravent to Fuel Market Expansion

Bain Capital Backs 125-Year-Old HVAC Leader Duravent to Fuel Market Expansion

Detroit, Wednesday, 18 March 2026.
Bain Capital has invested an undisclosed sum into 125-year-old HVAC manufacturer Duravent Group, partnering with Egeria to accelerate the climate technology leader’s expansion through strategic industry acquisitions.

Disney Enters a New Era as Josh D'Amaro Takes Charge as Chief Executive

Disney Enters a New Era as Josh D'Amaro Takes Charge as Chief Executive

Burbank, Wednesday, 18 March 2026.
Succeeding Bob Iger today, new Disney CEO Josh D’Amaro transitions from leading a $36 billion parks division to the monumental task of revitalizing the entertainment giant’s stagnant stock.