latest news in companies
Canadian REITs Announce Stable November Distributions
Toronto, Saturday, 16 November 2024.
RioCan and CT Real Estate Investment Trusts have declared their November 2024 distributions, payable in December. This move signals stability in the Canadian real estate market and offers reassurance to investors amid economic uncertainties.
Flux Power Faces Investor Lawsuit Over Financial Misstatements
New York, Saturday, 16 November 2024.
Investors in Flux Power Holdings, Inc. are urged to seek legal counsel before a December 31, 2024 deadline in a class action lawsuit. The suit alleges the company overstated financial figures and misrepresented internal controls, leading to significant stock price drops following disclosures of accounting errors.
Breakthrough in Prostate Cancer Treatment: Blood Test Predicts Therapy Response
United States, Saturday, 16 November 2024.
Precede Biosciences unveils a groundbreaking blood test that accurately measures tumor PSMA expression in prostate cancer patients. This non-invasive method could revolutionize treatment selection for Lutetium-PSMA therapy, potentially improving outcomes for thousands of men with advanced metastatic prostate cancer.
Predictive Maintenance Market Set for Explosive Growth by 2033
Global, Saturday, 16 November 2024.
The predictive maintenance market is poised for remarkable expansion, projected to surge from $10.1 billion in 2023 to $162.1 billion by 2033. This staggering growth, driven by technological advancements and increasing demand for efficient maintenance solutions, represents a compound annual growth rate of 32.2%.
Alibaba's AI-Driven Cloud Growth Boosts Q2 Earnings
Alibaba, Friday, 15 November 2024.
Alibaba’s Q2 earnings surpassed expectations, driven by robust AI-related revenue growth in its cloud business. Despite slower overall sales, the tech giant’s strategic focus on AI infrastructure and international expansion signals a promising trajectory in a challenging economic landscape.
LuxUrban Hotels Announces Reverse Stock Split to Boost Nasdaq Compliance
Nasdaq, Friday, 15 November 2024.
LuxUrban Hotels Inc. will execute a 1:70 reverse stock split on November 20, 2024, reducing shares from 151.85 million to 2.17 million. This strategic move aims to enhance the company’s position on Nasdaq and drive shareholder value in the urban lodging market.
Disney's Streaming Success Propels Stock to Six-Month High
Burbank, Friday, 15 November 2024.
Disney’s stock surged to a six-month high following robust Q4 earnings and optimistic multi-year forecasts. The company’s streaming division turned profitable, reversing previous losses. Disney’s successful box office performances and theme park revenues contributed to the positive outlook, despite challenges in linear TV and international parks.
Palantir's Strategic Move to Nasdaq Sparks Stock Rally
New York, Friday, 15 November 2024.
Palantir Technologies announced a shift from NYSE to Nasdaq, effective November 26, 2024. The move positions the company for potential inclusion in the Nasdaq-100 index, driving investor enthusiasm and boosting stock value. Palantir retains its ‘PLTR’ ticker symbol.
Digitalage Aims to Reshape $550 Billion News and Social Media Landscape
Los Angeles, Friday, 15 November 2024.
Hop-on’s subsidiary Digitalage is launching an innovative platform targeting hyper-local news and social media, with industry veteran Jeff Lerner joining the advisory board. The company seeks to capture a significant share of the $550 billion market by addressing unmet needs in content creation and distribution.
Poland's Energy Grid Gets €800 Million Boost for Green Transition
Warsaw, Friday, 15 November 2024.
Orlen secures major EIB loan to modernize Poland’s electricity network, focusing on renewable energy connections and smart grid technology. The investment aims to address grid limitations and support the country’s growing renewable energy sector.