November 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 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 29, 2023 3:15 pm
According to UniCredit’s Chief Executive Officer Andrea Orcel, the bank returns capital to its shareholders mostly in the form of share buybacks rather than dividends, as this is what investors prefer. “This is what shareholders tell us when we speak with them,” the CEO was quoted as saying by Reuters. At a shareholders’ meeting on […]
Read moreOctober 27, 2023 1:36 pm
Kingsway Financial Services Inc said on Friday that it had acquired Digital Diagnostics Imaging Inc, a provider of fully managed outsourced cardiac monitoring telemetry services, in an $11.0 million all-cash deal. The transaction has been funded with $5.4 million in cash on hand and $5.6 million in debt financing, the company said. “The DDI business […]
Read moreOctober 26, 2023 3:04 pm
illumin Holdings, a leader in innovative advertising solutions, on Thursday announced the planned retirement of its Chief Executive Officer – Tal Hayek. Once a new CEO is appointed, Hayek will transition from his current role to Non-Executive Vice Chairman on the board of directors. illumin’s board has already begun a search for the company’s next […]
Read moreOctober 26, 2023 11:48 am
Barclays has been downgraded to “Underperform” by BofA Global Research on Thursday due to uncertainty regarding the financial group’s restructuring and near-term risks to capital distributions. The UK bank said earlier this week it would initiate another restructuring round in the upcoming months, as it seeks to alleviate the effects of margin pressure from competition […]
Read moreOctober 25, 2023 3:47 pm
Thrive Precision Health said on Wednesday that it had entered into a binding letter of intent to acquire 2 diabetes clinics in Arizona. The company is developing a standardized clinical footprint that can scale nationwide and internationally to offer Wound Care, IV Therapies, Neuropathy Treatment as well as enhanced complementary protocols. Each clinic will offer […]
Read moreOctober 25, 2023 12:17 pm
Universal Stainless & Alloy Products Inc said on Wednesday that it had appointed Christopher Zimmer as its next President and Chief Executive Officer. The appointment will take effect on November 1st. Zimmer will also have a seat on the Board of Directors of Universal Stainless. He is to succeed Dennis Oates, who will assume the […]
Read moreOctober 25, 2023 7:24 am
Stellantis on Tuesday announced plans to establish a joint venture with French nuclear fuels company Orano with the aim to recycle used electric vehicle batteries and scrap materials from its gigafactories across Europe and North America. Such a venture is expected to ensure additional access for the auto maker to the cobalt, nickel and lithium […]
Read more