November 2, 2023 2:37 pm
PayPal Holdings Inc said on Thursday that it had appointed Archie Deskus as its next Chief Technology Officer. As CTO, she will oversee the company’s global technology, engineering and information organizations. Deskus has been Executive Vice President and Chief Information Officer (CIO) of PayPal since March 2022. Prior to joining PayPal, Deskus was Senior Vice […]
Read moreNovember 2, 2023 10:53 am
ITT Inc said on Wednesday that it had signed an agreement to buy privately held Svanehøj Group A/S in a deal valued at approximately $395 million. Based in Svenstrup, Denmark, Svanehøj Group is a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. The company’s product portfolio […]
Read moreNovember 2, 2023 8:02 am
The GBP/AUD currency pair registered a fresh 1-month low on Thursday ahead of the Bank of England’s monetary policy decision later in the day. The central bank is largely expected to leave its policy interest rate at a 15-year high of 5.25% at its November meeting. The BoE has delivered 13 rate increases over the […]
Read moreNovember 1, 2023 3:34 pm
Zynex Inc, an innovative medical technology company, said on Wednesday that its board of directors had approved a program to buy back up to $20.0 million of its own common stock. The program is to begin on November 1st and is slated to end on the earlier of November 1st 2024, or when the $20.0 […]
Read moreNovember 1, 2023 10:07 am
Bristol Myers Squibb said on Tuesday that Christopher Boerner, Ph.D. had been unanimously elected to serve as Chair of the company’s Board of Directors. The appointment is to take effect on April 1st 2024. Boerner is to succeed Giovanni Caforio, who will step down as Chair and retire from the firm after 23 years of […]
Read moreOctober 31, 2023 2:20 pm
AMETEK Inc said on Tuesday that it had entered into a definitive agreement to buy Paragon Medical, a provider of highly engineered medical components and instruments, from affiliates of American Securities LLC. The all-cash transaction is valued at nearly $1.9 billion and is subject to customary closing conditions. Based in Pierceton, Indiana, Paragon Medical has […]
Read moreOctober 31, 2023 10:04 am
BHP Group on Tuesday announced plans to invest $4.9 billion in stage two of its Jansen potash project in Canada, as the company seeks to increase its capacity twofold. The miner had invested as much as $5.7 billion in stage one in 2021. According to the global mining company, the first stage is now 32% […]
Read moreOctober 31, 2023 8:15 am
The GBP/JPY currency pair surged over 0.5% on Tuesday, after the Bank of Japan took a small step towards discontinuing the years-long substantial monetary stimulus. The move came well short of expectations of some market players who had anticipated a larger policy tweak. The BoJ left its benchmark short-term interest rate without change at -0.10% […]
Read moreOctober 30, 2023 2:37 pm
Ontario-based Canadian Solar Inc said on Monday that it planned to establish a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The state-of-the-art solar photovoltaic cell manufacturing plant represents a projected investment of over $800 million and is expected to create nearly 1,200 skilled high-tech jobs. The […]
Read moreOctober 30, 2023 9:29 am
Germany’s economy has contracted at a quarterly pace of 0.1% in the third quarter of the year, a preliminary figure showed on Monday, while reversing from a revised up 0.1% expansion in Q2. A consensus of analyst estimates had pointed to a 0.3% GDP contraction. In the latest quarterly period, downward pressure on GDP came […]
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