Rackspace posts $64M loss, increased revenue in 4Q
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Kevin Jones most recently served as CEO of MV Transportation, the country’s largest privately-owned transportation contracting firm.Courtesy of RackspaceShow MoreShow Less
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Cloud computing company Rackspace begins trading at the Nasdaq following its initial public offering, Wednesday, Aug. 5, 2020, in New York s Times Square. (AP Photo/Mark Lennihan)Mark Lennihan, STF / Associated PressShow MoreShow Less
San Antonio’s Rackspace Technology’s fourth-quarter loss widened even as its revenue increased from a year ago.
In its third earnings report since its Aug. 5 initial public offering, the cloud-computing firm said this week it lost $64 million on $716 million in revenue, which was up 14 percent from the same period in 2019. The year before, Rackspace lost $47 million.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Cellular Biomedicine Group, Inc. Announces Completion of Merger
February 19, 2021 GMT
Cellular Biomedicine Group logo (PRNewsfoto/Cellular Biomedicine Group)
ROCKVILLE, Md. and SHANGHAI, Feb. 19, 2021 /PRNewswire/ Cellular Biomedicine Group, Inc. (NASDAQ: CBMG) (“CBMG” or the “Company”) today announced the completion of the merger (the “Merger”) of the Company with CBMG Merger Sub Inc., a Delaware corporation (“Merger Sub”) and a wholly-owned subsidiary of CBMG Holdings, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 11, 2020, by and among the Company, Parent and Merger Sub.