May 13, 2022 10:38 am
Vancouver, Canada-based ScreenPro Security Inc said on Friday that it had finalized the acquisition of Naturevan Nutrition Ltd, a privately-held British Columbia firm operating within the health and wellness industry and having 22 natural health supplement products. Under the terms of the deal, ScreenPro acquired all the issued and outstanding shares of Naturevan for an […]
Read moreMay 13, 2022 8:53 am
Deutsche Telekom’s (DTEGn) quarterly core profit and revenue, reported on Friday, exceeded a consensus of analyst estimates, driven by strength in its US division, T-Mobile, and business growth in Europe. The company also revised up its full-year outlook. Deutsche Telekom’s total revenue went up 6.2% year-on-year to EUR 28 billion during the first quarter, while […]
Read moreMay 12, 2022 10:14 am
Alphabet’s (GOOGL) Google has inked agreements to pay over 300 publishers located in Germany, France and several other EU countries for their news and it plans to introduce a tool to make it possible for others to join as well, Reuters reported. The move comes after landmark EU copyright rules were adopted 3 years ago, […]
Read moreMay 11, 2022 10:11 am
Ford Motor Co (F) said in a regulatory filing on Tuesday that it had sold 8 million shares of electric vehicle maker Rivian Automotive Inc for $214 million ($26.80 per share). The US auto maker currently holds a 10.5% stake (about 94 million shares) and is Rivian Automotive’s fourth-largest shareholder. T.Rowe Price Associates remains the […]
Read moreMay 11, 2022 7:56 am
Renault SA (RENA) said earlier this week it was expecting a double-digit margin for its new Mobilize brand, established around new mobility and data solutions, which should account for 20% of Renault’s total group turnover by 2030. Mobilize will provide services such as ride hailing, car sharing, subscription services as well as leasing, where customers […]
Read moreMay 10, 2022 10:32 am
Lockheed Martin Corp’s (LMT) Chief Executive Officer James Taiclet said in an interview with CBS News that the company intended to increase production of Javelin missiles, the anti-tank weapon that has aided Ukraine in the military confrontation with Russia, nearly twofold. The CEO added the weapons maker planned to bolster output to 4,000 units per […]
Read moreMay 9, 2022 10:30 am
Watermark Lodging Trust Inc said last Friday that it had entered into a definitive agreement with private real estate funds managed by Brookfield, under which Brookfield will purchase all of the outstanding shares of common stock of Watermark for $6.768 per Class A share and $6.699 per Class T share. The total value of the […]
Read moreMay 5, 2022 10:26 am
Germany’s Lufthansa (LHAG) on Thursday reported a larger-than-anticipated loss for the first quarter, as the positive effect on revenue from post-COVID travel demand boom has been offset by higher fuel costs. The company’s adjusted loss before interest and taxes (EBIT) shrank to EUR 591 million during the first quarter from EUR 1.05 billion in the […]
Read moreMay 4, 2022 10:20 am
Sweden-based Volvo Car Group (VOLCARb) said on Wednesday that its vehicle sales had slumped 24.8% in April compared to the same month of 2021, since production was hit by lockdowns in China and supply chain issues worldwide. Volvo Car Group’s sales in China plunged 47.8% last month, those in the United States dropped 9.2% and […]
Read moreMay 4, 2022 8:57 am
Paramount Global’s (PARA) quarterly revenue, reported on Tuesday, fell short of Wall Street estimates, but still, the media company said it had attracted streaming subscribers during the period. Paramount’s total revenue shrank 1% year-on-year to $7.33 billion during the first quarter, compared with market consensus of $7.38 billion. Revenue at Paramount’s TV media division dropped […]
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