latest news in companies
Thermo Fisher Unveils $4 Billion Stock Buyback Plan
Waltham, Friday, 15 November 2024.
Thermo Fisher Scientific’s board approves a new $4 billion stock repurchase program, replacing the previous $1 billion authorization. This strategic move, aimed at enhancing shareholder value, reflects the company’s strong financial position and confidence in future growth prospects.
Applied Materials Faces Headwinds as China Sales Decline
Santa Clara, Friday, 15 November 2024.
Applied Materials reports mixed Q4 results with revenue up but profits down. The company’s Q1 forecast falls short of expectations, largely due to a 28% drop in China sales. This highlights the semiconductor industry’s vulnerability to Chinese market fluctuations.
Kona Gold Beverage Reports Strong Q3 Growth Amid Merger Talks
Florida, Friday, 15 November 2024.
Kona Gold Beverage, Inc. posted Q3 revenues exceeding $1.2 million and reported progress on a multi-million dollar merger. Despite regulatory delays, the company maintains a positive outlook, emphasizing transparency with shareholders during this transformative period.
Azuria Water Solutions Expands Reach with Strategic Acquisition
New York, Friday, 15 November 2024.
Azuria Water Solutions acquires North American Pipeline Management, bolstering its presence in the Carolinas and Georgia. The move enhances Azuria’s capabilities in complex sewer rehabilitation and trenchless solutions, marking a significant expansion in the water infrastructure sector.
Bloom Energy Secures Record 1GW Fuel Cell Deal for AI Data Centers
San Jose, Friday, 15 November 2024.
Bloom Energy signs landmark agreement with AEP for up to 1GW of fuel cells to power AI data centers. The deal, largest of its kind globally, offers 34% lower CO2 emissions and 100MW/acre power density, addressing rapid deployment needs in the tech sector.
UPS Faces Investor Lawsuit Over Alleged Misleading Statements
New York City, Friday, 15 November 2024.
Faruqi & Faruqi, LLP is investigating claims against United Parcel Service for potential securities law violations. Investors who lost over $100,000 between January and July 2024 are urged to contact the firm before the December 9 deadline. The lawsuit alleges UPS misled investors about its 2024 financial outlook.
Baltic Horizon Fund Reports Slight Dip in Net Asset Value
Tallinn, Friday, 15 November 2024.
The Baltic Horizon Fund’s October 2024 report reveals a minor decrease in net asset value, dropping to €0.7080 per unit from €0.7099 in September. This slight decline offers insights into the current investment climate in the Baltic region, highlighting subtle shifts in the real estate market.
SMS360 Launches Spanish Office to Bolster Latin American Safety Compliance
Spain, Friday, 15 November 2024.
Environmental and safety compliance leader SMS360 opens a new office in Spain, aiming to enhance support for Latin American businesses. The expansion offers Spanish-language services at no extra cost, addressing regional regulatory challenges and promoting workplace safety culture.
AI Revolution in Oil & Gas: Boosting Efficiency and Safety
Blin, Friday, 15 November 2024.
Artificial intelligence is reshaping the oil and gas industry, with market projections showing a CAGR of 23.12% from 2024 to 2029. AI solutions are enhancing safety, optimizing extraction, and automating drilling operations, while processing vast amounts of data for improved decision-making.
Battery Recycling Knowledge Gap Exposed on America Recycles Day
United States, Friday, 15 November 2024.
New research reveals alarming trends in lithium battery disposal, with 54% of consumers admitting to trashing these batteries. Despite owning an average of nine lithium-powered devices, 53% are unaware of proper recycling methods, posing environmental and safety risks.