July 18, 2024 9:53 am
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, said on Wednesday that it had finalized its acquisition of WIP Industrial Automation. The company had previously said it entered into a definitive agreement to buy WIP on April 29th. However, Lear Corp did not disclose any financial details of the agreement. […]
Read moreJuly 18, 2024 6:43 am
Greene County Bancorp Inc (NASDAQ: GCBC) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.09 per share of common stock. The latter represents a 12.5% increase compared to the previous quarterly dividend of $0.08. The dividend will be paid on August 30th to shareholders of record as […]
Read moreJuly 16, 2024 10:52 am
Trinity Capital Inc (NASDAQ: TRIN), a provider of diversified financial solutions to growth-oriented business customers, said on Monday that it had committed $15 million in growth capital to Velentium. Headquartered in Houston, Velentium designs, develops, manufactures and provides post-market support for medical devices – active implantable and wearable devices in particular. “Velentium brings unique capabilities […]
Read moreJuly 16, 2024 8:50 am
SolarEdge Technologies Inc (NASDAQ: SEDG) said on Monday that it intended to dismiss 400 employees, with 200 of them being based in Israel, as it seeks to restore profitability. The move is to affect all departments and includes cuts in both headcount and discretionary spending, the company said. As of December 31st 2023, SolarEdge Technologies […]
Read moreJuly 12, 2024 8:05 am
T. Rowe Price Group Inc (NASDAQ: TROW) on Thursday reported a 1.75% month-over-month surge in its assets under management (AUM) to $1.569 trillion as of June 30th, according to preliminary figures. Net outflows stood at $2.6 billion for June alone and at $3.7 billion for the quarter ended on June 30th, the firm said. Equity […]
Read moreJuly 10, 2024 9:32 am
Accenture PLC (NYSE: ACN) said this week it had acquired Excelmax Technologies, a Bangalore, India-based semiconductor design services provider. Yet, no financial details of the agreement were disclosed. Established in 2019, Excelmax offers custom silicon solutions used in consumer devices, data centers, artificial intelligence and computational platforms that enable edge AI deployments, to customers operating […]
Read moreJuly 9, 2024 10:42 am
QuickLogic Corporation (NASDAQ: QUIK) said on Monday that it had secured a $5.26 million contract to continue the development and demonstration of a Strategic Radiation Hardened high reliability Field Programmable Gate Array technology in support of identified and future Department of Defense strategic and space system requirements. “QuickLogic is honored to have been chosen by […]
Read moreJuly 9, 2024 8:46 am
Charles Schwab Corp (NYSE: SCHW) has been upgraded to “Outperform” from “Market Perform” at Keefe, Bruyette & Woods, as the firm cited potentially strong earnings growth during the period between 2026 and 2030. KBW noted that progress had been made on repayment of supplemental borrowings and cash sorting had decelerated materially. “With greater confidence in […]
Read moreJuly 5, 2024 10:46 am
Constellation Brands’ (NYSE: STZ) quarterly profit outstripped Wall Street estimates, driven by robust demand for its core beer brands, including Modelo Especial and Pacifico. Yet, the company’s wines and spirits business, along with the broader consumer industry, experienced a slowdown in the US. The company reported net sales of $2.66 billion in the quarter, which […]
Read moreJuly 4, 2024 8:52 am
EMCOR (NYSE: EME) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.25 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on July 30th to shareholders of record as of the close of business on […]
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