October 6, 2022 9:08 am
Analysts on Wall Street on Wednesday sharply raised Exxon Mobil Corp’s third-quarter earnings outlook, after the oil company disclosed a $2 billion profit gain from natural gas sales. The disclosure indicated that Exxon’s third-quarter profit, to be reported later in October, could come in close to the record $17.9 billion profit in Q2, analysts stated. […]
Read moreOctober 4, 2022 11:00 am
Nexstar Media Group Inc (NXST) said on Monday that it had completed its previously announced acquisition of a 75% stake in the CW Network LLC from co-owners Warner Bros. Discovery (WBD) and Paramount Global (PARA). The latter will each retain a 12.5% stake in the CW. Nexstar Media also said that it had appointed Dennis […]
Read moreOctober 3, 2022 10:57 am
Faurecia S.E. (EO) said on Monday that it had received EUR 213 million of public support from the European Commission for its hydrogen technology project. The French company intends to offer affordable clean mobility solutions by developing a new generation of hydrogen tanks by the end of 2027. It said production was expected to begin […]
Read moreSeptember 30, 2022 11:33 am
Equinor said on Friday that it had appointed Torgrim Reitan as its next Chief Financial Officer and Executive Vice President, effective October 6th. Reitan is to succeed Ulrica Fearn, who will part ways with the company to pursue a CFO opportunity elsewhere. Torgrim Reitan, who joined Equinor’s team in 1995, comes from the role of […]
Read moreSeptember 29, 2022 10:15 am
Azelis Group, an innovation service provider in the specialty chemicals and food ingredients industry, said on Thursday that it had agreed to acquire 100% of the shares of Eurotrading S.p.A. The deal is expected to bolster Azelis’ presence in Italian market for personal care and in the broader life sciences segment. Eurotrading’s product portfolio in […]
Read moreSeptember 29, 2022 8:16 am
Investment management company M&G announced on Thursday that it had appointed Andrea Rossi, a former head of AXA Investment Managers, as its next Chief Executive Officer. Prior to the appointment, Rossi was senior adviser to Boston Consulting Group. Andrea Rossi, who will earn a base salary of GBP 875,000, is to replace John Foley, who […]
Read moreSeptember 28, 2022 7:24 am
Saudi Data and Artificial Intelligence Authority (SDAIA) and IBM said on Tuesday they had inked a strategic agreement to drive adoption of artificial intelligence in the carbon capture and industrial domains across Saudi Arabia. The first use case under the agreement will be in collaboration with the Ministry of Energy in Saudi Arabia, the entities […]
Read moreSeptember 27, 2022 7:18 am
Paysafe, a leading specialized payments platform, said this week it had made an entry into the new Kansas online sports-betting market. With this move, Paysafe will support multiple online sportsbooks in the state with players’ credit and debit card deposits plus ACH payments, it said. Meanwhile, Paysafe’s marketing technology and services provider Income Access will […]
Read moreSeptember 26, 2022 8:00 am
Ford Motor Co (F) said last week that it had initiated construction of BlueOval City, the largest and most advanced auto production complex in its 119-year history. The facility will build a revolutionary all-new electric truck and advanced batteries for future Ford and Lincoln vehicles in West Tennessee, the company said. The nearly 6-square-mile, $5.6 […]
Read moreSeptember 23, 2022 6:20 am
Toyota Motor Corp (7203) said on Thursday that it aimed to produce about 800,000 vehicles globally next month, as semiconductor shortages continued to persist. In August, the Japanese auto maker had said it sought to produce about 900,000 vehicles per month from September through November. According to Toyota’s October production plan, production will be suspended […]
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