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Tag: Breaking News: Technology

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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Virgin Galactic, Under Armour spacesuit collection for space tourists

NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The companies are collaborating on a full line of spacewear for Virgin Galactic, which the companies claim as the first collection “created specifically …

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Under Armour CEO Kevin Plank explains the brand’s Virgin Galactic deal

NEW YORK — Under Armour CEO Kevin Plank says the company’s latest tie-up with Virgin Galactic to make spacesuits for astronauts should set the business apart — in consumers’ minds and on Wall Street — from other athletic apparel brands such as Nike, Adidas and Lululemon. “It’s a bit of a coming-out party for what …

Under Armour CEO Kevin Plank explains the brand’s Virgin Galactic dealRead More

Virgin Galactic near public debut, growing business globally

Once the merger closes, Virgin Galactic will have a valuation of $1.5 billion, with SCH retaining a 49% stake. Branson confirmed that he will retain his majority stake even after the company lists, saying he has no plans to sell his shares. “I will retain control of the company,” Branson said. “I will keep roughly …

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