November 2, 2023 2:37 pm
PayPal Holdings Inc said on Thursday that it had appointed Archie Deskus as its next Chief Technology Officer. As CTO, she will oversee the company’s global technology, engineering and information organizations. Deskus has been Executive Vice President and Chief Information Officer (CIO) of PayPal since March 2022. Prior to joining PayPal, Deskus was Senior Vice […]
Read moreNovember 2, 2023 10:53 am
ITT Inc said on Wednesday that it had signed an agreement to buy privately held Svanehøj Group A/S in a deal valued at approximately $395 million. Based in Svenstrup, Denmark, Svanehøj Group is a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. The company’s product portfolio […]
Read moreNovember 1, 2023 3:34 pm
Zynex Inc, an innovative medical technology company, said on Wednesday that its board of directors had approved a program to buy back up to $20.0 million of its own common stock. The program is to begin on November 1st and is slated to end on the earlier of November 1st 2024, or when the $20.0 […]
Read moreNovember 1, 2023 10:07 am
Bristol Myers Squibb said on Tuesday that Christopher Boerner, Ph.D. had been unanimously elected to serve as Chair of the company’s Board of Directors. The appointment is to take effect on April 1st 2024. Boerner is to succeed Giovanni Caforio, who will step down as Chair and retire from the firm after 23 years of […]
Read moreOctober 31, 2023 2:20 pm
AMETEK Inc said on Tuesday that it had entered into a definitive agreement to buy Paragon Medical, a provider of highly engineered medical components and instruments, from affiliates of American Securities LLC. The all-cash transaction is valued at nearly $1.9 billion and is subject to customary closing conditions. Based in Pierceton, Indiana, Paragon Medical has […]
Read moreOctober 30, 2023 2:37 pm
Ontario-based Canadian Solar Inc said on Monday that it planned to establish a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The state-of-the-art solar photovoltaic cell manufacturing plant represents a projected investment of over $800 million and is expected to create nearly 1,200 skilled high-tech jobs. The […]
Read moreOctober 29, 2023 3:15 pm
According to UniCredit’s Chief Executive Officer Andrea Orcel, the bank returns capital to its shareholders mostly in the form of share buybacks rather than dividends, as this is what investors prefer. “This is what shareholders tell us when we speak with them,” the CEO was quoted as saying by Reuters. At a shareholders’ meeting on […]
Read moreOctober 27, 2023 1:36 pm
Kingsway Financial Services Inc said on Friday that it had acquired Digital Diagnostics Imaging Inc, a provider of fully managed outsourced cardiac monitoring telemetry services, in an $11.0 million all-cash deal. The transaction has been funded with $5.4 million in cash on hand and $5.6 million in debt financing, the company said. “The DDI business […]
Read moreOctober 26, 2023 3:04 pm
illumin Holdings, a leader in innovative advertising solutions, on Thursday announced the planned retirement of its Chief Executive Officer – Tal Hayek. Once a new CEO is appointed, Hayek will transition from his current role to Non-Executive Vice Chairman on the board of directors. illumin’s board has already begun a search for the company’s next […]
Read moreOctober 26, 2023 11:48 am
Barclays has been downgraded to “Underperform” by BofA Global Research on Thursday due to uncertainty regarding the financial group’s restructuring and near-term risks to capital distributions. The UK bank said earlier this week it would initiate another restructuring round in the upcoming months, as it seeks to alleviate the effects of margin pressure from competition […]
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