Category: loss
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Equity seeks fraud busters to counter loss of client deposits
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Equity Group names top fraud busters just a month after losing millions of shillings to fraudsters, signaling a move by Kenya’s most profitable lender to strengthen its anti-fraud team. The bank, which recently raided the Central Bank of Kenya (CBK) and PricewaterhouseCoopers (PwC) in search of talent to strengthen its…
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Analytics co Glassbox sold at 57% loss to TASE investors
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Another company from the 2020-2021 technology flotation wave reached the end of the road on the stock exchange with a painful loss for investors. The company in question this time is Glass box (TASE:GLBX), which provides browsing data analytics for websites and smartphone applications. The company stated that it will…
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Dollar steadies, but on track for sharp weekly loss By Investing.com
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Investing.com – The U.S. dollar rose in European trade on Friday, but was on track for a big weekly decline after slowing inflation and weak retail sales led to a renewed focus on Federal Reserve interest rate cuts. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the greenback…
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Allurion Announces Three Scientific Presentations at the European Congress on Obesity, Including Study on Lean Mass Preservation for Sustainable, Healthy Weight Loss
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New data shows significant loss of fat mass while maintaining lean mass NATICK, Mass.–(BUSINESS WIRE)–Allurion Technologies, Inc. today announced… (NYSE: ALUR), a company dedicated to eliminating obesity, announced three scientific presentations at the 31st European Congress on Obesity (ECO) in Venice, Italy. , on May 12-15, 2024. The presentations include…
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SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters
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(This May 10 story has been corrected to determine this arm is a subsidiary, but not a wholly-owned subsidiary, of SoftBank (TYO:) Group, per paragraph 3) Written by Anton Bridge TOKYO (Reuters) – Japanese technology investment group SoftBank Group is expected to dip back into the red when it reports…
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Teva loss narrows as revenue grows
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With the recovery of the generic drug market in the United States Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa) It ended the first quarter of 2024 with revenues of $3.81 billion, an increase of 4.3% from the first quarter of 2023, and above analysts’ expectations of…
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Oil adds to week’s sharp loss as rollover of OPEC output cuts may meet resistance
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Slavko Sereda/iStock via Getty Images Oil prices recorded their biggest weekly loss in three months, as the market, already concerned about weak demand, dealt with growing speculation that an OPEC meeting in June could expose cracks in the alliance, with the United Arab Emirates saying it would… Increasing production capacity.…
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Denmark’s Novo Nordisk expects 27% sales surge this year but faces price pressure for weight loss drug Wegovy amid Eli Lilly competition
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Novo Nordisk A/S raised its earnings forecast as the drugmaker now ships five times more introductory doses of the weight-loss drug Wegovy in the US than at the end of last year. More than 25,000 patients are now starting treatment each week in the United States, CEO Lars Frørgaard Jørgensen…
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A Closer Look At Their Continued Accumulation Amidst A $53 Million Loss
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MicroStrategy, a major player in the technology sector, has been making headlines in the cryptocurrency space with its strategic investments in Bitcoin. Despite a net loss of $53.1 million in the first quarter of 2024, the company, led by CEO Michael Saylor, remains steadfast in its Bitcoin strategy, and continues…
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NYCB CEO predicts a ‘clear path to profitability’ after disclosing first-quarter loss
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Struggling regional lender New York Community Bancorp (NYCB) lost $327 million in the first quarter, but its shares rose in pre-market trading as its new CEO outlined a “clear path to profitability over the next two years.” The net loss was due in part to increased provisions for future loan…