May 15, 2023 9:28 am
Analog Devices Inc (ADI) said on Monday that it would invest EUR 630 million at its European regional headquarters in the Raheen Business Park in Limerick, Ireland. The investment encompasses the construction of a new 45,000 square-feet Research & Development and manufacturing facility, which will support the company’s development of next-generation signal processing innovations designed […]
Read moreMay 14, 2023 1:41 pm
According to a report by Reuters, citing sources with knowledge of the matter, Virgin Orbit intends to push back the deadline for prospective bidders to acquire its assets by several days. According to one source, the delayed process was “about ironing out some details and giving more time to get deals done.” Virgin Orbit sends […]
Read moreMay 13, 2023 2:02 pm
According to a report by the Handelsblatt daily on Friday, German arms maker Rheinmetall has established a joint venture with Ukrainian state-owned conglomerate Ukroboronprom. The JV will be focused on the construction, maintenance and repair of armored vehicles in Ukraine, Handelsblatt reported. The German company will have a majority stake of 51% in the joint […]
Read moreMay 12, 2023 9:19 am
According to China’s State Administration for Market Regulation, Tesla Inc will recall as many as 1,104,622 vehicles, both produced in China and imported from abroad. The Chinese market regulator said that the recall would cover imported Model S, Model X, Model 3 along with China-made Model 3 and Model Y. The recall, which will take […]
Read moreMay 11, 2023 10:57 am
Boeing Co said this week it had been awarded a $216.035 million modification to previously awarded indefinite-delivery/indefinite-quantity contract FA8526-21-D-0001 for C-17 Globemaster landing gear spares management services. The contract focuses on Foreign Military Sales to the United Kingdom, Australia, Canada, NATO Airlift Management Program Office, India, Kuwait, United Arab Emirates as well as Qatar. Work […]
Read moreMay 11, 2023 8:21 am
General Motors Co intends to consolidate its North America sales operations for commercial vehicles, parts and telematics services under a new brand, GM Envolve. The latter is to compete with Ford Motor Co’s Ford Pro unit along with other brands for revenue from business vehicle fleets, Reuters reported. According to company executives, the reorganization seeks […]
Read moreMay 10, 2023 10:46 am
Vacasa Inc, a leading vacation rental management platform in North America, said on Tuesday that it had appointed Bruce Schuman as its next Chief Financial Officer, effective June 1st. He is to succeed Jamie Cohen, who is leaving the company to pursue other opportunities. Most recently, Schuman was the Chief Financial Officer of Kiavi Inc […]
Read moreMay 10, 2023 8:47 am
Gas and electric utilities company Duke Energy Corp on Tuesday reported first-quarter profit that fell short of analyst expectations as a result of warmer-than-normal weather, higher interest expenses and lower volumes. The company’s first-quarter revenue grew 3.8% year-on-year to $7.3 billion, which compares with market consensus of $6.6 billion. Duke Energy Corp’s electric utilities, which […]
Read moreMay 8, 2023 12:06 pm
Supremex Inc, a North American manufacturer and marketer of envelopes and a provider of paper-based packaging solutions, said on Monday it had acquired the assets of Graf-Pak Inc. The deal was valued at $6.0 million, on a cash-free and debt-free basis. Established in 1995 and currently employing over 20 people, Graf-Pak has a facility located […]
Read moreMay 5, 2023 12:33 pm
Alternative asset manager Great Elm Group Inc said on Friday that Peter Reed had stepped down as Chief Executive Officer with immediate effect. The company’s board of directors has unanimously appointed Jason Reese to the role of CEO in addition to his existing role of Executive Chairman of the Board. Having more than 30 years […]
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