latest news in companies
Aerospace 3D Printing Market Set for $8 Billion Surge by 2030
Berlin, Friday, 15 November 2024.
The global aerospace 3D printing market is poised for remarkable growth, projected to reach $17.2 billion by 2030. This surge is driven by the industry’s push for lightweight components and waste reduction, revolutionizing aircraft and spacecraft manufacturing with innovative materials and processes.
TEAM Software Data Breach Exposes 99,525 Individuals' Personal Information
New York, Friday, 15 November 2024.
A significant data breach at TEAM Software has compromised sensitive data of nearly 100,000 individuals, including names, Social Security numbers, and driver’s license details. The incident, detected on July 26, 2024, has triggered legal investigations and raised concerns about data security in the software industry.
ADENTRA Boosts Dividend: A Sign of Financial Strength
New York, Friday, 15 November 2024.
ADENTRA Inc. raises its quarterly dividend by 7% to C$0.15 per share, payable January 31, 2025. This increase, announced alongside solid Q3 2024 results, reflects the company’s robust financial performance and commitment to shareholder value despite market challenges.
Sanford Health Expands Footprint with $194 Million Acquisition
Sioux Falls, Friday, 15 November 2024.
Sanford Health is set to acquire Black Hills Surgical Hospital for $194 million, marking a significant expansion in rural healthcare. The strategic move aims to enhance surgical care access and create job opportunities in the Black Hills region.
Advance Auto Parts to Slash Over 700 Stores in Major Restructuring
Raleigh, Thursday, 14 November 2024.
Advance Auto Parts announces plans to close more than 700 locations by mid-2025 as part of a strategic overhaul. The move, aimed at improving business performance, includes shuttering 523 corporate stores and 204 independent locations. This significant reduction represents about 15% of the company’s current footprint.
Safe Pro Group's AI-Driven Growth Soars with 102% Revenue Surge
Ukraine, Thursday, 14 November 2024.
Safe Pro Group reports a 102% revenue increase in Q3 2024, fueled by AI-powered drone services and enhanced ballistic solutions. The company’s SpotlightAI platform has processed over 840,000 images, identifying nearly 11,000 landmines in Ukraine, showcasing the potential of AI in critical safety applications.
Spotify Hits 252 Million Premium Subscribers, Eyes First Full Year of Profit
Stockholm, Thursday, 14 November 2024.
Spotify’s Q3 2024 results show impressive growth with 252 million premium subscribers, up 12% year-over-year. The company reported record operating income of €454 million, putting it on track for its first full year of profitability. This milestone underscores Spotify’s successful strategy in the competitive music streaming market.
D-Wave Quantum Reports 41% Surge in QCaaS Revenue
Palo Alto, Thursday, 14 November 2024.
D-Wave Quantum Inc. announced a 41% year-over-year increase in QCaaS revenue for Q3 2024, reaching $1.6 million. Despite overall revenue declining 27% to $1.9 million, the company’s quantum computing services show strong growth potential in commercial applications.
Historic Kansas City Star Building Set for Digital Transformation
Kansas City, Thursday, 14 November 2024.
Patmos announces plans to convert the iconic Kansas City Star building into a cutting-edge 100 MW data center. This $1 billion retrofit project symbolizes a shift from print media infrastructure to meeting digital demands, with the first 40 MW expected to be operational within 18 months.
Lindt's Dark Chocolate Under Fire: Lead Content Sparks Legal Battle
Zurich, Thursday, 14 November 2024.
Swiss chocolatier Lindt faces a U.S. lawsuit over lead in dark chocolate, challenging its ‘finest ingredients’ claim. The company’s defense, labeling marketing statements as ‘puffery’, raises questions about product quality and consumer trust in premium brands.