BRP Group to acquire all assets of Founder Shield LLC

July 26, 2021 6:43 am
BRP Group Inc (BRP) said last week that its indirect subsidiary Millennial Specialty Insurance LLC had entered into a definitive agreement to purchase all the assets of Founder Shield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC. The acquisition is expected to be finalized around August 1st, subject to particular closing conditions. “Founder […] Read more

Commodity Market: US Crude Oil retreats as US oil inventories rise, surging COVID-19 cases threaten demand

July 22, 2021 8:29 am
After gaining more than 4% in the previous session, futures on US West Texas Intermediate Crude Oil edged lower on Thursday after US oil stocks unexpectedly rose, while surging new coronavirus cases pose a threat to demand. “Volatility in energy remains elevated as traders grapple with short-term demand weakness from Delta variant concerns and expectations […] Read more

Airbus delivers first A350 aircraft from Tianjin facility

July 22, 2021 7:08 am
Airbus said earlier this week that it had delivered the first A350 widebody plane from its final assembly line in Tianjin to China Eastern Airlines. The Tianjin facility engages in cabin installation, painting, production flight test and aircraft delivery for the A350, the European plane maker said in a statement. A350 deliveries from that facility […] Read more

Zoom to acquire Five9 in $15 billion deal

July 20, 2021 6:57 am
Zoom Video Communications Inc (ZM) said over the weekend that it had agreed to acquire cloud-based call center operator Five9 in a $14.7 billion deal, the company’s largest acquisition ever, amid intensifying competition in the video conferencing field. The Five9 acquisition is expected to complement Zoom Video Communications’ Zoom Phone service through the addition of […] Read more