Category: News
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Ceylon Graphite Provides Default Status Report
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Article Content VANCOUVER, British Columbia, Aug. 27, 2024 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Celon” or the “Company”) (TSX: CYL) (OTX: CYLYF) (Virginia Stock Exchange: CCY) is filing this Default Status Report in accordance with National Policy 12-203 – Administrative Stop Trading Orders (“NB 12-203On July 30, 2024, the Company…
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Benny Landa’s GenCell to implement streamlining plan
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Israeli clean tech company Gensel Energy (TASE: GNCL), whose largest shareholder is businessman Benny Lando, is implementing a simplification plan, “in order to improve its capital flow position and financial strength.” The company announced further reductions in its workforce, cuts in administrative and general expenses, cuts in research and development…
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Adma Biologics CEO Grossman trades over $13M in company stock By Investing.com
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ADMA Biologics, Inc. (NASDAQ: ) has seen significant trading activity from its CEO Adam S. Grossman, according to recent filings. Grossman was involved in acquisitions and stock disposals on Aug. 26 and 27, totaling more than $13 million in transactions. On the purchase side, Grossman acquired approximately $2.9 million worth…
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Nvidia Will Beat Wall Street’s Earnings Estimate by 10% or More on Wednesday
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AI Giant Nvidia (NASDAQ: NVDA) Saudi Telecom Company (SABIC) is scheduled to announce its results for the second quarter of fiscal year 2025 (ending July 28, 2024) on Wednesday, August 28, after market close. Nvidia’s upcoming earnings release is widely seen as the most anticipated of this quarterly earnings season,…
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Medicare coverage of Novo Nordisk’s Wegovy could cost up to $145B annually
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aprott/iStock via Getty Images Novo Nordisk’s (NVO) weight-loss drug Wegovy (semaglutide), which can be prescribed to Medicare beneficiaries with obesity and cardiovascular disease, could cost the system up to $145 billion a year. If all eligible beneficiaries receive Wegovy If achieved, it would cost Medicare between $34 billion and $145…
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Flame Tree slumps to Sh91m loss on high debt service costs
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Listed Flame Tree Group posted a loss of Sh90.6 million in the first half of the year ended June 2024, as higher debt servicing costs erased a Sh6.7 million profit from last year. The company’s financing costs rose by 48.1 per cent to Sh181.3 million from Sh122.4 million previously, as…
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Should Business Owners Be Worried About Rachel Reeves’ First Budget?
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As the leaves turn golden in October, businesses across the country are bracing for a political event that could redefine their futures: the unveiling of Rachel Reeves’ first budget as Chancellor of the Exchequer. A figure who rose through the Labour Party ranks on her reputation as a sharp-witted figure,…
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Chipotle may have violated workers’ unionization rights, US labor board says
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Dee Ann Durbin Published on August 27, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content Chipotle Mexican Grill may have violated federal…
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Check Point acquires Israeli co Cyberint for $200m
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Israeli Cyber Security Check Point Software Technologies Co., Ltd. (NASDAQ: CHKP) announced the acquisition of an Israeli company specializing in threat intelligence and digital protection. Cyber IntNo financial details were disclosed, but market sources estimate the acquisition is for about $200 million in cash — a reasonable return for investors…
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Check Point acquires Israeli co Cyberint for $200m
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Israeli Cyber Security Check Point Software Technologies Co., Ltd. (NASDAQ: CHKP) announced the acquisition of an Israeli company specializing in threat intelligence and digital protection. Cyber IntNo financial details were disclosed, but market sources estimate the acquisition is for about $200 million in cash — a reasonable return for investors…
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Aid struggles to reach survivors as Sudan dam collapse, floods wreak havoc By Reuters
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Written by Tayeb Siddiq ARBAT, Sudan (Reuters) – Emergency teams were racing against time on Tuesday to find out how many people were missing after a dam in eastern Sudan burst its banks, unleashing the worst flooding to devastate a country already ravaged by 500 days of war. The collapse…
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US stocks tread water with Nvidia, rate cuts in focus
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Consumer confidence rose more than expected in August, although consumers’ assessment of the labor market remained weak. the Last indicator reading The U.S. manufacturing purchasing managers’ index came in at 103.3, up from 101.9 in July and above the 100.7 forecast by economists surveyed by Bloomberg. “Consumer confidence rose overall…
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HP Q3 2024 Earnings Preview: In-line expectations on seasonal demand (NYSE:HPQ)
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HP (NYSE:HPQSaudi Telecom Company (SABIC) is scheduled to announce its third-quarter earnings results on Wednesday, August 28, after the market closes. Analysts expect earnings of $0.86 per share (flat year-over-year) on revenue of $13.36 billion (+1.2% year-over-year). The company is expected to post consistent results. With the onset of seasonal…
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Walmart recalls apple juice sold in 25 states due to elevated arsenic levels
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Walmart has recalled nearly 10,000 cases of apple juice sold in stores across the United States that were found to contain potentially harmful levels of inorganic arsenic. The FDA gave the recall a more urgent designation on Friday after originally announcing it on Aug. 15. The new designation said the…
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Manufacturers now seek stimulus package as weak demand cuts sales
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Manufacturers are proposing a government stimulus package to revive their fortunes after sales mostly fell in an environment of weak demand for goods and high borrowing costs. A survey of corporate chief executives by the Central Bank of Kenya showed that 69.2% of manufacturing firms reported a decline in sales…
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Rent remains a pain point for small businesses even as overall inflation cools off
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press May Anderson Published on August 27, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content NEW YORK (AP) — While many costs have…
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US demands Israeli recognition of its standards
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The Knesset recently passed a series of import reforms under the title “What’s Good for Europe is Good for Israel,” but what about what’s good for the United States? The reform, which recognizes European regulations and standards for a wide range of products, including food, cosmetics, and electrical goods, in…