December 8, 2021 11:50 am
Pinterest said earlier this week it had acquired Vochi, a video creation and editing app focused on democratizing quality tools for creators, established in 2019. The acquisition of Vochi comes as part of Pinterest’s commitment to helping creators bring more quality video content to the site, it said. Financial details of the acquisition, however, were […]
Read moreDecember 8, 2021 9:52 am
Air New Zealand Ltd could expand its domestic business by between 20% and 30% from pre-COVID 19 levels over the upcoming several years, according to the company’s CEO. Air New Zealand’s domestic capacity, which is currently running at almost 40% of pre-pandemic levels, should start to recover from next week, with travel restrictions on Auckland […]
Read moreDecember 7, 2021 10:05 am
Renault SA (RENA) announced yesterday that it had revised down its forecast for engineering and support jobs cuts in France for the period 2022-2024 to 1,700 from 2,000, as previously expected. Those reductions came on top of the 4,600 positions the French auto maker announced last year would be cut as part of a cost-cutting […]
Read moreDecember 6, 2021 9:59 am
Amgen Inc (AMGN) said last week that its Board of Directors had declared a $1.94 per share dividend for the first quarter of 2022, or a 10% increase. The dividend is to be paid on March 8th 2022 to all stockholders of record as of the close of business on February 15th 2022, the company […]
Read moreDecember 5, 2021 6:11 pm
Toyota Motor Corp (7203) said on Friday that it expected all new vehicle sales in Western Europe to be zero-emission models by 2035, while by 2030, at least 50% of the company’s model mix is expected to be zero-emission, including electric vehicles and hydrogen fuel cell cars. Similar to other vehicle makers, Toyota is introducing […]
Read moreDecember 2, 2021 12:39 pm
Scientific Games Corporation (SGMS) has strengthened its original iGaming content offering and production capabilities with the acquisition of innovative games developer ELK Studios. Based in Stockholm, ELK Studios has a long history of producing carefully crafted games with ground-breaking mathematics, superb artwork and a mobile-first focus. Hit releases from this digital studio include Wild Toro […]
Read moreDecember 2, 2021 10:29 am
Blackstone Group (BX) said on Wednesday that Blackstone Energy Partners had agreed to acquire Irth Solutions, a leading provider of cloud-based software-as-a-service solutions that automate processes for damage prevention and asset protection across critical network infrastructure assets. After the acquisition closes, Irth Solutions will retain its name and will continue to operate independently as a […]
Read moreDecember 2, 2021 10:02 am
Renault SA (RENA) said earlier this week it expected to generate an extra EUR 1 billion ($1.13 billion) in revenue by the end of the decade from its new recycling business. “These activities will generate 200 million (euros) in turnover from 2025”, Renault’s Chief Executive Officer Luca de Meo told reporters at a former vehicle […]
Read moreDecember 1, 2021 12:14 pm
Ericsson on Tuesday revised up its global 5G mobile subscription forecast to 660 million by the end of 2021, as it cited stronger than anticipated demand in North America and China, driven in part by lower prices of 5G devices. The telecom equipment maker also said it projected 4.4 billion 5G subscriptions by the end […]
Read moreDecember 1, 2021 10:13 am
ViacomCBS Inc said yesterday that it had entered into a definitive agreement to sell CBS Studio Center and its related operating business to a partnership formed by Hackman Capital Partners LLC and Square Mile Capital Management LLC for nearly $1.85 billion. The property is located on a 55-gross-acre site in Studio City and consists of […]
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