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Lowe’s appoints Margi Vagell as EVP, Supply Chain

January 13, 2024 2:20 pm
Lowe’s Companies Inc said on Friday that it had appointed Margi Vagell as Executive Vice President, Supply Chain, effective March 1st. She is to succeed Don Frieson, who has served as Lowe’s Executive Vice President, Supply Chain since 2018, and notified the company last year that he would retire on April 1st. Vagell has assumed […] Read more

Rackspace Technology names new Chief Financial Officer

January 13, 2024 11:54 am
Rackspace Technology, an end-to-end, hybrid multicloud technology solutions company, said on Friday that it had appointed Mark Marino as its next Chief Financial Officer with immediate effect. He is to succeed Naushaza “Bobby” Molu, who has resigned as CFO to pursue a new opportunity in the United Kingdom. Marino joined the company as Vice President, […] Read more

Cytta Corp announces strategic partnership with Zigron

January 12, 2024 2:01 pm
Cytta Corp, a provider of advanced communication technology and video compression solutions, on Friday announced a strategic partnership with Zigron Inc. The collaboration will focus on the scaling of Cytta’s proprietary technologies, including the CyttaCARES SOS system for schools and the CyttaCOMMS IGAN Incident Command System for first responders. The new relationship also includes a […] Read more

China lifts 5-year ban on Belgian pork imports

January 12, 2024 11:40 am
China has lifted a five-year ban on pig and pork products imported from Belgium, which was put in place due to an outbreak of African swine fever in 2018. Belgium’s exports of pig and pork products to China must meet statutory inspection and quarantine requirements, the General Administration of Customs and the Ministry of Agriculture […] Read more

SG Echo receives record $11.3 million purchase order

January 12, 2024 8:22 am
Safe & Green Holdings Corp, a developer, designer and fabricator of modular structures, said on Thursday that its wholly-owned subsidiary SG Echo LLC had been awarded a purchase order to provide more than 150 additional modular units to an existing infrastructure solutions client. The purchase order is to generate nearly $11.3 million in revenue. This […] Read more

SAIC wins $156 million IT service contract from USARC

January 11, 2024 2:06 pm
Science Applications International Corp (SAIC) said on Thursday that it had been awarded a $156 million contract to provide system support to the US Army Reserve Command (USARC) through their United States Army Reserve Command Information Technology Support Services (USARC ITSS II) agreement. Under the terms of the contract, SAIC is to support USARC’s mission […] Read more

USD/ZAR: Rand gains as focus sets on US CPI report

January 11, 2024 9:42 am
The South African Rand gained against the US Dollar on Thursday ahead of local manufacturing data and a highly anticipated US CPI inflation report that could affect Federal Reserve’s rate outlook. Annual core consumer price inflation is expected to have slowed further in December, to 3.8%, according to market consensus, from 4% in November. A […] Read more

USD/KRW: Won gains as Bank of Korea hints at policy pivot

January 11, 2024 8:32 am
The South Korean Won firmed against the US Dollar on Thursday, after the Bank of Korea (BOK) hinted it might pivot towards monetary easing amid a further slowdown in inflation and record household debt levels. The central bank left its base rate without change at 3.5% at its January policy meeting, in line with market […] Read more

SPAR Group sells interest in Australia, NMS ventures

January 11, 2024 7:52 am
SPAR Group Inc, a global provider of merchandising, marketing and distribution services, said on Wednesday that it had sold its ownership interest in SPARFacts, Australia, and the National Merchandising Services US joint venture. ”As we continue our evaluation of strategic alternatives for the business, we are simplifying our operations and focusing on tangible value creation […] Read more

InterDigital renews license agreements with Panasonic

January 10, 2024 11:10 am
InterDigital Inc, a mobile and video technology research and development firm, said on Wednesday that it had renewed its patent license agreements with Panasonic Entertainment & Communication Co Ltd. The renewals extend Panasonic’s license under InterDigital’s HEVC patents. They also extend Panasonic’s digital TV license under InterDigital Inc’s joint licensing program with Sony Corp. “It […] Read more