Articles by: Miroslav Marinoff

MaxCyte Inc slashes workforce by 15%, ups revenue forecast

MaxCyte Inc (NASDAQ: MXCT) said on Monday that it had reduced 15% of its workforce, which affected 21 jobs and saved nearly $5.8 million in 2025. As a result, its staff will be brought to 116 by the end of 2024, it said. The company also revised up its full-year 2024 core revenue forecast, expecting […] Read more

Malaysia unemployment rate remains at 3 1/2-year low

The rate of unemployment in Malaysia has decreased to 3.2% in October from 3.4% in the same month a year earlier, the latest data by the Department of Statistics showed. It still remained the lowest jobless rate since January 2020, while matching the rates in August and September. The number of unemployed persons dropped 3.4% […] Read more

Profound Medical announces pricing of $35 mln public offering

Profound Medical Corp (NASDAQ: PROF) announced on Friday the pricing of an underwritten public offering of 4,666,700 common shares at $7.5 per share at the total value of about $35 million. The underwriters have a 30-day option to buy up to additional 700,005 common shares at the public offering price, the company said. The offering […] Read more

AES Corp increases quarterly dividend to $0.17595

AES Corp (NYSE: AES) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.17595 per share of common stock. The latter represents an increase of 2.00% compared to the previous quarterly dividend of $0.1725 per share. The dividend will be paid on February 14th 2025 to shareholders of record […] Read more

Bank of Marin Bancorp CFO to retire in January

Bank of Marin Bancorp (NASDAQ: BMRC) said on Friday that Tani Girton, its Executive Vice President, Chief Financial Officer and Principal Accounting Officer, would retire from the company, effective January 31st 2025. Girton, who joined Bank of Marin Bancorp in 2013, is to be succeeded by Dave Bonaccorso, currently serving as Treasurer, on January 2nd. […] Read more

Norway manufacturing production shrinks for third month

Manufacturing production in Norway was reported to have decreased at a monthly rate of 1.6% in October, following a 0.8% drop in September, data by Statistics Norway showed. October has been the third straight month of contracting manufacturing activity, while the pace has been the steepest since April. In October, production dropped for: – paper […] Read more

Upbound Group increases quarterly dividend to $0.39

Upbound Group Inc (NASDAQ: UPBD) said on Thursday that its Board of Directors had authorized a regular quarterly cash dividend of $0.39 per share of common stock. The latter represents an increase of 5.40% compared to the previous quarterly dividend of $0.37 per share. The dividend will be paid on January 7th to shareholders of […] Read more

Walt Disney raises annual cash dividend to $1.00

Walt Disney Co (NYSE: DIS) announced this week an annual cash dividend of $1.00 per share. The latter represents a 33.33% increase compared to the $0.75 per share dividend paid to stockholders during fiscal year 2024. “It’s been a highly successful year for The Walt Disney Company, stemming from the extensive strategic work across the […] Read more

Reserve Bank of India holds repo rate, lowers CRR

The Reserve Bank of India left its key repo rate unchanged at 6.5% for an 11th straight policy meeting in December, in line with market expectations, as it continued a neutral policy stance in light of slowing economic growth. Also, the central bank reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4% […] Read more

OGE Energy Corp appoints Chief Financial Officer

OGE Energy Corp (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company, said on Wednesday that it had appointed Charles Walworth as Chief Financial Officer and Treasurer, effective December 4th. Walworth has been with the company for over two decades and he most recently served as Treasurer. “Chuck is a respected leader and […] Read more