September 11, 2023 6:08 am
AssetMark Financial Holdings Inc said on Friday that, in line with its board of directors’ established succession plan, Michael Kim had been appointed as the firm’s next Chief Executive Officer with immediate effect. Kim will also have a seat on AssetMark’s board of directors. In relation with the appointment, Natalie Wolfsen will part ways with […]
Read moreSeptember 9, 2023 12:42 pm
Semtech Corporation, a high-performance semiconductor, IoT systems and cloud connectivity service provider, said on Friday that it had appointed Mark Lin as its next Executive Vice President and Chief Financial Officer. The appointment will take effect not later than October 4th, Semtech Corp said. Lin is to succeed Emeka Chukwu in the role. Mark Lin […]
Read moreSeptember 8, 2023 11:41 am
Dutch Bros Inc (BROS) on Thursday announced the pricing of an underwritten offering of 11,538,461 shares of its Class A common stock at a price of $26.00 per share. The company has also provided the underwriters with a 30-day option to buy up to additional 1,730,769 shares of common stock. The gross proceeds from the […]
Read moreSeptember 8, 2023 9:32 am
The South African Rand extended a pullback from recent three-month low against the US Dollar on Friday on prospects of the Federal Reserve keeping borrowing costs without change at its September policy meeting. Although the US Dollar was a notch softer against a basket of major peers on Friday, the currency was still on track […]
Read moreSeptember 8, 2023 8:01 am
Spain’s Repsol said this week it had made an entry into the US onshore wind market with the acquisition of renewable energy developer ConnectGen from Quantum Capital for $768 million. According to Repsol’s Chief Executive Officer Josu Jon Imaz, the acquisition “accelerates our commitment to renewable generation in one of the markets with the greatest […]
Read moreSeptember 7, 2023 2:36 pm
Hard-rock lithium exploration company Foremost Lithium Resource & Technology Ltd said on Thursday that it had appointed Bal Bhullar as its next Chief Financial Officer and Corporate Secretary, effective September 7th. Bhullar is to succeed Cyrus Driver, who is parting ways with the firm in pursuit of other interests. Bal Bhullar has over 25 years […]
Read moreSeptember 7, 2023 12:41 pm
Swedish conglomerate ASSA ABLOY said on Thursday that it had acquired Lawrence Hardware and Gallery Specialty, Canada-based providers of commercial hinges, locksets, exit devices and door hardware accessories. Lawrence Hardware was established in 1876, while Gallery Specialty – in 1989, with the two firms together employing about 50 people. “I am very pleased to welcome […]
Read moreSeptember 7, 2023 9:35 am
Having registered a seven-day streak of gains, futures on US West Texas Intermediate Crude Oil retreated on Thursday, as demand concerns related to possible winter period slowdown countered prospects of tighter supply from extended output cuts. WTI Futures had risen earlier this week after Saudi Arabia and Russia extended voluntary production cuts to the end […]
Read moreSeptember 7, 2023 7:27 am
India’s Rupee traded little changed against the US Dollar on Thursday, while disregarding a drop in China’s Yuan and other Asian currencies, with investors betting the nation’s central bank will keep intervening to defend the currency. The Reserve Bank of India has been frequently intervening in the non-deliverable forward market to ensure the Rupee does […]
Read moreSeptember 5, 2023 2:45 pm
Applied Industrial Technologies said on Tuesday that it had acquired both Bearing Distributors Inc and Cangro Industries Inc, providers of bearings, power transmission, industrial motion and related service and repair capabilities. Bearing Distributors is based in Columbia, South Carolina, while Cangro Industries – in Long Island, New York. Bearing Distributors has a team of over […]
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