January 31, 2024 10:41 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Tuesday that it had acquired Horak Insurance Inc, based in Washington, Iowa. However, the company did not disclose any financial details of the agreement. Horak Insurance Inc is a retail property/casualty insurance agency that serves commercial and personal […]
Read moreJanuary 31, 2024 10:15 am
Key moments Alphabet’s Q4 Revenue: $86.3 billion, up 13% YoY, surpassing Wall Street’s $85.3 billion forecast. Earnings per Share: $1.64, beating the consensus of $1.59. Google Cloud Revenue: $9.2 billion, up 26%, outpacing estimates of $8.9 billion. Google Advertising: Totaling $65.5 billion, slightly below Wall Street expectations. YouTube Advertising: Raking in $9.2 billion, meeting estimates. […]
Read moreJanuary 31, 2024 5:35 am
Key moments The lawsuit was filed by a shareholder who argued that it was an overpayment. Judge Kathaleen McCormick has called the Tesla board’s approval of the compensation “deeply flawed.” Musk asked his Twitter followers if Tesla should relocate its state of incorporation to Texas Hold onto your hats, folks, because the courtroom drama involving […]
Read moreJanuary 30, 2024 1:58 pm
Affluence Corporation, a leading company in Smart City Software and Internet of Things technology, said on Tuesday that it intended to acquire Durham Black LLC – a strategic advisory firm with a focus on several fundamental areas such as capital structure, growth execution and operational excellence. After the acquisition closes, Affluence will appoint Durham Black […]
Read moreJanuary 29, 2024 10:00 am
According to a report by Reuters, citing sources, Lockheed Martin plans to cut 1% of its workforce over the course of 2024, as it seeks to reduce costs and streamline operations. According to the report, the cuts will affect positions across all of Lockheed Martin’s business and enterprise operations. The cost-cutting actions will include hiring […]
Read moreJanuary 28, 2024 12:48 pm
Northrim BanCorp Inc said this week its Board of Directors had authorized the repurchase of up to additional 110,000 shares of its common stock – about 2% of the company’s issued and outstanding shares. At present, Northrim BanCorp has 5.5 million shares of common stock outstanding. “Northrim’s stock repurchase program has helped to build long-term […]
Read moreJanuary 28, 2024 11:02 am
RiceBran Technologies said this week it had sold its Golden Ridge rice mill situated in Wynne, Arkansas, in a deal valued at $2.15 million. The divestiture is expected to further narrow the company’s forecast annual net loss by nearly $1.5 million, while not jeopardizing the estimated $54.4 million in federal and $46 million in state […]
Read moreJanuary 27, 2024 12:10 pm
Alternus Clean Energy said this week it had entered a strategic alliance with Dallas-based Hover Energy – a leader in the development and deployment of Wind Powered Microgrid systems. The two companies intend to differentiate their value proposition to clientele by offering consistent delivery of dependable clean 24×7 power. With the establishment of microgrids that […]
Read moreJanuary 27, 2024 8:56 am
Covalon Technologies Ltd, an advanced medical technologies company, said on Friday that it had appointed Katie Martinovich, its Vice President – Finance, as Interim Chief Financial Officer. Martinovich is to succeed Jason Gorel, who will step down from the role in February to pursue other opportunities. Meanwhile, Kim Crooks has rejoined the company as Senior […]
Read moreJanuary 26, 2024 10:51 am
The Board of Directors of Archer-Daniels-Midland Co announced a quarterly cash dividend payable to shareholders in the amount of $0.50 per share. It represents an increase of 11.1% compared to the prior quarterly dividend of $0.45. The dividend will be paid on February 29th 2024 to shareholders of record on February 8th 2024, the company […]
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