Category: News
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Intel declares no plans to divest Mobileye majority stake
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Advanced Driving Assistance Systems (ADAS) Stock Price Mobily International Company Intel (NASDAQ: MBLY) shares rose 8% in premarket trading after Intel Corp. (NASDAQ: INTC) said it has no plans to sell its majority stake in the Israeli company. “As the majority shareholder of Mobileye, Intel remains focused on creating value…
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Astria Therapeutics to Present at Upcoming European Academy of Dermatology and Venerology Congress By Investing.com
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BOSTON–(BUSINESS WIRE)–Asteria Therapeutics, Inc. (Nasdaq: ATXS), a biopharmaceutical company focused on developing life-changing therapies for allergic and immune diseases, today announced that it will present preliminary data for nafinibart alfa-star at the upcoming European Academy of Dermatology & Venereology (EADV) Congress in Amsterdam, the Netherlands on September 26, 2024. Dr.…
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Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy
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Plug Power Supports Sales Growth with $150+ Million Equipment Leasing Strategy – What’s the Benefit? Plage Power Company (NASDAQ:PLUG) shares are trading higher today. The hydrogen solutions provider has launched Equipment Leasing Financing Platform. The company aims to raise over $150 million in the near to medium term through a…
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Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy
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Plug Power Supports Sales Growth with $150+ Million Equipment Leasing Strategy – What’s the Benefit? Plage Power Company (NASDAQ:PLUG) shares are trading higher today. The hydrogen solutions provider has launched Equipment Leasing Financing Platform. The company aims to raise over $150 million in the near to medium term through a…
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Tom Steyer of Galvanize Climate Solutions is funding technology to save the planet
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On this episode of Fortune’s Leadership Next podcast, host Diane Brady talks to Tom Steyer, co-executive chair of Galvanize Climate Solutions. A former hedge fund manager and candidate for president in the 2020 race, Steyer is now focused on investments in innovations in the climate space. The conversation ranges over topics from China, electric…
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Mbadi taskforce to verify claims of Sh90bn unremitted county pension cash
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Treasury Minister John Mbadi is setting up a team to investigate allegations that an estimated Sh90.3 billion in county employees’ retirement savings have not been transferred to directors’ schemes. The Australian Superannuation Commission, the industry regulator, said the accumulated money was deducted from the payrolls of workers in decentralised units…
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Government targets large firms in crackdown on late payments to small businesses
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The UK government is set to introduce new measures aimed at tackling the problem of late payments by large companies to small businesses, which contributes to the collapse of 50,000 small and medium-sized businesses every year. On average, late payments cost small businesses £22,000 a year, according to research by…
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ILA opens tenders for 4,600 Sde Dov homes
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Two weeks after the Israel Land Authority published tenders for the construction of 7,100 housing units in the Sde Dov area of Tel Aviv, three tenders were opened yesterday for developers to build 4,613 housing units. Two of the tenders are located in the central part of Sde Dov and…
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Abbott Labs stock ‘attractive entry’ amid NEC litigation overhang
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On Thursday, Piper Sandler began covering Abbott Laboratories (NYSE:NYSE:) stock, assigning an Overweight rating and a $131 price target. The company highlighted the company’s strong performance, but noted that the stock has underperformed year-to-date, largely due to ongoing litigation related to necrotizing enterocolitis (NEC). However, the company believes that the…
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Bitcoin Climbs With US Equity Futures as Traders Digest Fed Cut
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(Bloomberg) — Bitcoin hit a three-week high alongside a jump in U.S. stock futures as a sharp interest rate cut by the Federal Reserve rattled markets. Most Read from Bloomberg The digital currency rose about 3.9% before trading at $61,900 as of 7:11 a.m. Thursday in London. S&P 500 futures…
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Cathay Pacific Airbus defect risked ‘extensive damage’: HK probe
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A faulty engine on an Airbus A350 that led to the cancellation of dozens of Cathay Pacific flights in early September may have led to “serious damage,” according to the results of a Hong Kong investigation published on Thursday. Hong Kong-based Cathay Airlines has briefly grounded its fleet of Airbus…
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Cathay Pacific Airbus defect risked ‘extensive damage’: HK probe
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A faulty engine on an Airbus A350 that led to the cancellation of dozens of Cathay Pacific flights in early September may have led to “serious damage,” according to the results of a Hong Kong investigation published on Thursday. Hong Kong-based Cathay Airlines has briefly grounded its fleet of Airbus…
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KQ targets up to Sh1bn savings as carrier switches to digitised passenger services
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The national carrier, Kenya Airways, is looking to achieve savings of up to Ksh1 billion by switching to digital passenger management systems. Kenya Airways Chief Information and Data Officer Frederick Gitonga revealed that the airline saved Sh300 million in 2023, by deploying technology solutions in key areas such as travel…
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The Shadow Fleet Transporting Sanctioned Gas for Russia
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Breadcrumb Trail Links PMN Business A network stretching from Dubai to China is involved in a multi-billion dollar effort to ship gas from Russia’s Arctic LNG facility. Author of the article: Bloomberg News Stephen Stapczynski, Rakesh Sharma and Christopher Udemans Published Sep 18, 2024 • 11 minute read You can save this…
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The Shadow Fleet Transporting Sanctioned Gas for Russia
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Breadcrumb Trail Links PMN Business A network stretching from Dubai to China is involved in a multi-billion dollar effort to ship gas from Russia’s Arctic LNG facility. Author of the article: Bloomberg News Stephen Stapczynski, Rakesh Sharma and Christopher Udemans Published Sep 18, 2024 • 11 minute read You can save this…
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Israeli startup Mine appoints 5 top execs in major expansion
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Israeli startup specializing in data privacy royal Mine has announced the appointment of five senior executives to its leadership team. Mine, which raised $30 million in a Series B funding round last December, develops privacy and data protection solutions for businesses and consumers. The new appointments are aimed at accelerating…
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Israeli startup Mine appoints 5 top execs in major expansion
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Israeli startup specializing in data privacy royal Mine has announced the appointment of five senior executives to its leadership team. Mine, which raised $30 million in a Series B funding round last December, develops privacy and data protection solutions for businesses and consumers. The new appointments are aimed at accelerating…
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US says Iran emailed stolen Trump campaign material to Biden camp By Reuters
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Written by Costas Pitas and Kanishka Singh Iranian hackers sent emails containing stolen material from former Republican President Donald Trump’s campaign to people involved in then-Democratic President Joe Biden’s re-election campaign, U.S. agencies said on Wednesday, part of an alleged broader effort by Tehran to influence the U.S. election. “Furthermore,…
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Asian Equities Brace for Fed Effect, Yen Slips: Markets Wrap
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(Bloomberg) — Asian stocks braced for tailwinds from a half-percentage-point interest-rate cut by the U.S. Federal Reserve and signs of more monetary policy easing in the coming months. Most Read from Bloomberg Japanese stock futures rose, while U.S. index futures rose, largely erasing Wednesday’s losses. The S&P 500 initially hit…
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FTC slaps GameStop CEO with $1 million fine over Wells Fargo shares
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Gamestop Corp. CEO Ryan Cohen is set to pay a nearly $1 million fine for allegedly violating antitrust law by acquiring shares in Wells Fargo & Co. Cohen failed to file a form he was required to submit to antitrust agencies under the Hart-Scott-Rodino Act after his purchases of Wells…