October 15, 2023 4:39 pm
PCTEL Inc, a global provider of wireless technology solutions, said on Friday that it had reached a definitive agreement to be purchased by Amphenol Corp. The deal, which is structured as an all cash transaction, values PCTEL Inc at nearly $139.7 million. Under the terms of the deal, approved by PCTEL’s board of directors, PCTEL […]
Read moreOctober 15, 2023 2:42 pm
Tesco Plc, the largest retailer in the UK, said on Friday that it would hire 30,000 temporary workers for the upcoming Christmas season. The company said the jobs would mostly be in its larger supermarkets, with positions on checkouts, store replenishment and picking home delivery orders. Earlier this week, Sainsbury’s announced plans to recruit 22,000 […]
Read moreOctober 13, 2023 3:24 pm
Gladstone Commercial Corp said on Friday that it had acquired a 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania, for as much as $7.8 million. Gladstone Commercial serves packaging, appliance, building products, cold chain, automotive, consumer and other general industrial end-markets. “We are excited to add another industrial asset in the Lehigh Valley submarket, […]
Read moreOctober 13, 2023 10:29 am
Deutsche Bank announced on Friday that its takeover of London-based boutique investment bank Numis had now been completed. The German lender had said in April that it had agreed to acquire Numis for GBP 410 million. The combined business, Deutsche Numis, will manage over 170 corporate broking relationships and will offer advisor, corporate broking as […]
Read moreOctober 13, 2023 7:27 am
The USD/SGD currency pair held steady near one-week peak on Friday, as the greenback drew support from prospects the Federal Reserve would need to maintain interest rates elevated for longer after a stronger-than-anticipated US CPI print. The headline annual CPI inflation remained steady at 3.7% in September, in contrast with market expectations of a slowdown […]
Read moreOctober 12, 2023 3:29 pm
Adcore Inc, an e-commerce advertising management and automation platform, said on Thursday that it had named Amit Konforty as its next Chief Financial Officer, effective November 11th. Konforty is to succeed Yatir Sadot, who has resigned from his post of Chief Financial Officer, effective November 10th, and will leave the company. Konforty, a Certified Public […]
Read moreOctober 12, 2023 10:06 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading sessions on Thursday, after an industry report revealed a substantial increase in US crude oil and gasoline stockpiles. The most recent data by the American Petroleum Institute showed crude oil inventories had surged by 12.94 million barrels in the week ending […]
Read moreOctober 12, 2023 7:27 am
The GBP/JPY currency pair moved within a narrow range on Thursday, while holding near a 1-month peak, after data showed the UK economy had returned to growth in August. The UK GDP grew by 0.2% month-over-month in August, in line with market consensus, following a revised down 0.6% contraction in July. August has been the […]
Read moreOctober 11, 2023 2:40 pm
Sysco Corp said on Wednesday that it had agreed to acquire Chicago-based Edward Don & Company, a distributor of food service equipment, supplies and disposables. The acquisition is expected to provide a range of benefits to Sysco, including: – First, a wide distribution footprint with more than 1.4 million square feet of distribution centers and […]
Read moreOctober 11, 2023 8:01 am
Germany’s annual consumer price inflation was confirmed at 4.5% in September, data showed on Wednesday, decelerating sharply from 6.1% in August. It has been the lowest inflation rate since February 2022. Annual core CPI inflation, which does not take into account volatile items such as food and energy, decelerated to a 1-year low of 4.6% […]
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