August 15, 2023 10:36 am
Rogers Corporation said on Monday that it had appointed Griffin Gappert as Vice President and Chief Technology Officer. Gappert will head Rogers’ global Research and Development organization and partner with business unit leaders in order to drive innovation and commercialization of next-gen material solutions, the company said. Gappert, who holds a PhD in Chemical Engineering […]
Read moreAugust 14, 2023 12:25 pm
Royal Philips and Exor N.V. said in a joint statement on Monday that they had entered into a relationship agreement, under which Exor has acquired a 15% stake in Philips. The agreement includes Exor’s commitment to be a long-term minority investor and the right to nominate one member to the Supervisory Board of Philips, the […]
Read moreAugust 10, 2023 12:28 pm
POSaBIT Systems Corp, a financial technology firm that offers payment processing and point-of-sale systems to cash-only businesses, said on Wednesday that Chris Baker had been appointed as its next Chief Operations Officer with immediate effect. At present, Baker assumes the role of Chief Strategy Officer of POSaBIT Systems. In the new role, Baker will oversee […]
Read moreAugust 9, 2023 9:44 am
Clearwater Paper Corp said on Tuesday that it had appointed Sherri Baker as its next Senior Vice President and Chief Financial Officer, effective August 14th. In her last two roles, Baker served as CFO at PGT Innovations and at Hyliion Holdings, both NYSE-listed companies. Between 2010 and 2019, Baker was part of Dean Foods’ team, […]
Read moreAugust 8, 2023 12:34 pm
According to a Reuters report, citing sources with knowledge of the matter, Carlyle Group has agreed to acquire a minority stake in Singapore-based Quest Global Services, which values the latter at $2 billion. The transaction is to be funded by equity from Carlyle’s Asia funds along with bank financing. Yet, the private equity firm did […]
Read moreAugust 4, 2023 12:25 pm
EV maker Fisker Inc on Friday revised down its full-year production forecast, citing supply chain issues. The company now expects to assemble between 20,000 and 23,000 EVs this year, compared with a range of 32,000 to 36,000 vehicles it forecast in May. The electric SUV maker reported its first quarterly revenue from sales, as it […]
Read moreJuly 31, 2023 12:37 pm
Elbit Systems (ESLT) said that it had been awarded a contract worth nearly $60 million to supply 155mm artillery shells to the Israeli Defense Forces’ Artillery Corps. “The expansion and the upgrade of our production infrastructure enables the provision of rapid production of a range of high quality solutions to the Israel Ministry of Defense,” […]
Read moreJuly 31, 2023 8:04 am
Britain’s Senior on Monday reported a surge in its profit for the first half of the year, as plane makers increased production to satisfy air travel demand boom. Strong demand in the company’s flexonics business has offset weaker performance in aerospace due to supply chain issues. The auto and aircraft parts supplier reported profit before […]
Read moreJuly 27, 2023 12:34 pm
Spain’s Repsol on Thursday reported a sharp decline in its second-quarter adjusted earnings mostly due to lower energy prices. The result, however, outstripped market expectations. The company’s adjusted profit came in at EUR 827 million in the latest quarter, down from EUR 2.16 billion in the year-ago period, when oil and gas prices along with […]
Read moreJuly 25, 2023 12:41 pm
TotalEnergies announced on Tuesday that it would increase its stake in renewable energy company Total Eren from 30% to full ownership. As part of the transaction, Total Eren will be valued on an enterprise value basis at EUR 3.8 billion, the energy giant said. “With the acquisition and integration of Total Eren, we are now […]
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