October 24, 2023 6:08 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired New York-based Rosenzweig Insurance Agency Inc. However, the company did not disclose any financial details of the agreement. Rosenzweig Insurance Agency is a full-service insurance broker with pharmacy expertise, which serves a client […]
Read moreOctober 23, 2023 12:44 pm
Ooma Inc said on Monday that it had acquired 2600Hz Inc, a leader in modern and flexible business communications applications targeted at resellers and carriers. The deal was valued at about $33 million in cash. 2600Hz is anticipated to add nearly $7 million in annual recurring revenue to Ooma Inc. The deal, which was finalized […]
Read moreOctober 22, 2023 4:11 pm
Pharmacy chain CVS Health said this week it would remove from its shelves particular oral cough and cold products with phenylephrine as the sole active ingredient. In September, a panel of advisers to the US Food and Drug Administration refused to support the effectiveness of oral over-the-counter medicines that contain phenylephrine. The US health regulator […]
Read moreOctober 22, 2023 11:23 am
Discount store operator Dollarama announced on Friday that Patrick Bui had been named as its next Chief Financial Officer. Bui is to succeed J.P. Towner, who has served as the company’s finance chief since March 2021. The appointment will come into effect on December 18th, Dollarama said. At present, Patrick Bui serves as Chief Financial […]
Read moreOctober 21, 2023 12:57 pm
Applied Digital Corp, a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing applications, said on Friday that it had energized its 200 megawatt data center in Garden City, Texas. The energization of the facility marks Applied Digital’s third successful next-gen data center development within North America for blockchain hosting operations. Once […]
Read moreOctober 20, 2023 1:44 pm
White Mountains Insurance Group Ltd said on Friday that it had entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services LLC. White Mountains said it would invest nearly $285 million, including primary capital to support Bamboo’s growth, while acquiring about 70% of Bamboo’s basic shares outstanding. Established in 2018, Bamboo […]
Read moreOctober 19, 2023 9:18 am
Amazon.com Inc (AMZN) on Wednesday announced plans to begin package deliveries by using drones in the UK, Italy and a third location in the United States. Amazon customers will have an option available to have their packages delivered by a drone from late 2024 onward. Drone deliveries will be integrated into the company’s existing fulfillment […]
Read moreOctober 18, 2023 2:01 pm
Rio Tinto said on Wednesday that it intended to bolster production capacity at its newest iron ore mine, Gudai-Darri, to 50 million tonnes annually, which would cost about $70 million (AUD 130 million). Located in the Pilbara, Western Australia, the Gudai-Darri mine initiated production in 2022 and achieved its planned annual capacity of 43 million […]
Read moreOctober 18, 2023 11:15 am
Accenture said on Wednesday that it had bought ON Service GROUP, a provider of business process services, specialized in insurance operations. Yet, the company did not disclose any financial details of the transaction. The acquisition is expected to improve Accenture’s capabilities in insurance operations, as it will expand the range of services available to clients […]
Read moreOctober 17, 2023 2:01 pm
Luna Innovations Incorporated, a provider of advanced fiber optic-based technology, said on Tuesday that it had appointed George Gomez-Quintero as its next Chief Financial Officer. Gomez-Quintero is to succeed Gene Nestro, who will assist the company through mid-2024 in order to ensure a smooth transition. As CFO, Gomez-Quintero will represent Luna Innovations in communications with […]
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