Value of Huntington Beach defense tech startup balloons to .8 billion

Value of Huntington Beach defense tech startup balloons to $1.8 billion

California defense tech startup Mach Industries said Tuesday it raised $300 million, nearly quadrupling the company’s valuation to $1.8 billion within a year. The Huntington Beach startup’s soaring valuation underscores how defense tech funding is booming as armed conflicts such as the Iran war and the Russian-Ukrainian war continue. Infinite Capital and Rabbit Capital led…

Read More
After ‘Barbie’ success, Mattel looks to He-Man for another box-office lift

After ‘Barbie’ success, Mattel looks to He-Man for another box-office lift

Three years ago, Mattel Inc. struck box-office gold β€” or rather, pink β€” with the billion-dollar success of β€œBarbie.” In its first return to theaters since the female-forward phenomenon, the El Segundo toymaker is turning to the brawny He-Man for another box-office lift. Its latest film, β€œMasters of the Universe,” opens this weekend, as Mattel…

Read More
Sheinbaum accuses the U.S. of meddling in Mexican affairs

Sheinbaum accuses the U.S. of meddling in Mexican affairs

MEXICO CITYΒ β€”Β Mexican President Claudia Sheinbaum on Wednesday again accused the U.S. of meddling in Mexico’s internal affairs after The Times published a report about two Mexican governors from her party who have had their U.S. visas revoked amid criminal probes into their possible links to organized crime. Sheinbaum, speaking at her daily news conference, said…

Read More
The U.S. is investigating two more Mexican governors for connections to cartels

The U.S. is investigating two more Mexican governors for connections to cartels

MEXICO CITY Β β€”Β The U.S. is investigating two prominent Mexican governors, multiple sources said, as the Trump administration expands its campaign against high-level Mexican officials suspected of ties to organized crime. The move against sitting government officials threatens to undermine Mexico’s ruling party β€” which came to power on a promise to combat corruption β€” and…

Read More