latest news in companies

Altair Shows Strong Financial Growth and Optimistic Projections for 2025

Altair Shows Strong Financial Growth and Optimistic Projections for 2025

Troy, Thursday, 20 February 2025.
Altair’s Q4 2024 software revenue grew by 15%, reaching $179.4 million, and total revenue increased by 12.3%, with strategic innovations fueling an optimistic outlook for 2025.

Lundin Mining Announces Significant Board Changes

Lundin Mining Announces Significant Board Changes

Toronto, Thursday, 20 February 2025.
Lundin Mining Corporation appoints Victoria McMillan to its Board, replacing Juliana Lam who retires. McMillan’s financial expertise aims to steer the company’s strategic growth.

Walmart Increases Annual Dividend by 13% to $0.94 Per Share

Walmart Increases Annual Dividend by 13% to $0.94 Per Share

Bentonville, Arkansas, Thursday, 20 February 2025.
Walmart boosts its annual dividend to $0.94 per share, marking the 52nd consecutive year of increases, underscoring financial stability and commitment to shareholder returns.

Nikola Files for Bankruptcy Amid Financial Turmoil

Nikola Files for Bankruptcy Amid Financial Turmoil

Phoenix, Thursday, 20 February 2025.
On February 18, 2025, Nikola filed for Chapter 11 bankruptcy, burdened by $1-10 billion in liabilities and $47 million in cash, aiming to sell assets to fund operations.

Palantir Stock Plummets Amid CEO's Share Sale Plan and Pentagon Cuts

Palantir Stock Plummets Amid CEO's Share Sale Plan and Pentagon Cuts

Washington, D.C., Thursday, 20 February 2025.
Palantir’s stock fell by 10% on February 19, 2025, after CEO Alex Karp announced a plan to sell 10 million shares, alongside anticipated 8% annual Pentagon budget cuts.

Teekay Tankers Declares Dividend Amidst Strong Q4 Performance

Teekay Tankers Declares Dividend Amidst Strong Q4 Performance

Bermuda, Wednesday, 19 February 2025.
Teekay Tankers Ltd. reports robust Q4 profits, announcing a $0.25 per share dividend payable March 14, 2025, reflecting resilience in a challenging shipping market.

Applied Materials Enhances Chip Inspection with Advanced eBeam System

Applied Materials Enhances Chip Inspection with Advanced eBeam System

Santa Clara, Wednesday, 19 February 2025.
Applied Materials has launched the SEMVision™ H20 to improve semiconductor defect review, using AI and advanced imaging for faster results, potentially transforming chip manufacturing processes.

Prime Mining Corp. Suspends Drilling at Los Reyes Project Amid Security Concerns

Prime Mining Corp. Suspends Drilling at Los Reyes Project Amid Security Concerns

Vancouver, Wednesday, 19 February 2025.
Prime Mining Corp. eyes a substantial 2025 drilling program despite temporary suspension due to security concerns at its Los Reyes project in Sinaloa, aiming to expand gold and silver resources.

Devon Energy's Q4 Profit Surge Signals Strategic Growth through Share Buybacks

Devon Energy's Q4 Profit Surge Signals Strategic Growth through Share Buybacks

Oklahoma City, Wednesday, 19 February 2025.
Devon Energy reports substantial Q4 2024 profit fueled by strategic share repurchases and dividends, highlighting strong financial performance and indicating potential positive trends for the energy sector.

Microsoft's Majorana 1 Chip Sets New Benchmark in Quantum Computing

Microsoft's Majorana 1 Chip Sets New Benchmark in Quantum Computing

Redmond, Wednesday, 19 February 2025.
Microsoft’s Majorana 1 chip introduces topological qubits for enhanced performance, aiming for one million qubits on a compact, palm-sized chip, signaling advancements in industrial-scale quantum solutions.