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ABM Industries acquires Quality Uptime Services

June 25, 2024 1:06 pm
ABM Industries Incorporated (NYSE: ABM), a provider of facility solutions, said on Monday that it had acquired Quality Uptime Services Inc in an all-cash deal valued at $119 million. Quality Uptime is an independent uninterrupted power supply system (UPS) maintenance and UPS battery maintenance company that provides customized preventive and emergency service programs for mission-critical […] Read more

Kayne Anderson BDC announces $0.40 quarterly dividend

June 25, 2024 10:51 am
Kayne Anderson BDC Inc (NYSE: KBDC) said on Monday that its Board of Directors had authorized a quarterly cash dividend of $0.40 per share of common stock. The dividend will be paid on July 15th to shareholders of record as of the close of business on June 28th 2024, the company said. Stock Performance The […] Read more

Arthur J. Gallagher announces acquisition of OperationsInc

June 25, 2024 8:58 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired Norwalk, Connecticut-based OperationsInc LLC. However, the company did not disclose any financial details of the agreement. OperationsInc is a consulting firm that offers comprehensive solutions in human resources, payroll and human resources information […] Read more

Eli Lilly announces $1.30 quarterly dividend

June 25, 2024 7:03 am
Eli Lilly (NYSE: LLY) said on Monday that its Board of Directors had authorized a regular quarterly cash dividend of $1.30 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 10th to shareholders of record as of the close of business […] Read more

Germany’s June business confidence below estimates again

June 24, 2024 1:59 pm
The Ifo Business Climate gauge for Germany surprisingly dropped to a reading of 88.6 in June from 89.3 in May. The latest reading also came below market consensus of 89.7. The sub-index of business expectations decreased to a level of 89 in June from 90.4 in May. At the same time, the sub-index of current […] Read more

Switzerland current account surplus expands in Q1

June 24, 2024 10:51 am
Switzerland reported a larger surplus from a year ago on its current account during the first quarter of 2024. The current account surplus grew to CHF 16.1 billion in Q1 from CHF 10.8 billion in the respective period last year, data by the Swiss National Bank showed. The goods surplus widened to CHF 31.2 billion […] Read more

Singapore inflation accelerates to 3.1% in May

June 24, 2024 8:58 am
Annual consumer inflation in Singapore has picked up to 3.1% in May from 2.7% in April, data by Statistics Singapore showed. The actual figure exceeded market consensus of 3%. Last month, inflation accelerated for transport (2.9% YoY versus 0.9% YoY in April) and recreation & culture (5% YoY versus 4.5% YoY in April). Food prices […] Read more

Marvell announces $0.06 quarterly dividend

June 24, 2024 6:41 am
Marvell Technology Inc (NASDAQ: MRVL) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.06 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on July 31st to shareholders of record as of the close of […] Read more

Canada’s retail sales rise 0.7% MoM in April

June 23, 2024 3:16 pm
Retail sales in Canada were reported to have risen at a monthly rate of 0.7% in April, or the sharpest in a year. This reversed a 0.3% fall in March. In April, sales were underpinned by a 4.5% surge in purchases at gas stations, since higher prices magnified the 1.7% increase in sold volumes. Retail […] Read more

China FDI drops 28.2% YoY in January to May

June 23, 2024 8:06 am
Foreign direct investment in China decreased 28.2% year-on-year to 412.5 billion yuan in the period January to May 2024. It has been a record drop for the first five months of the year, according to the Ministry of Commerce of the People’s Republic of China. 50.41 billion yuan were invested in the high-tech manufacturing industries, […] Read more