SAN FRANCISCO: Modern Treasury, a U.S.-based payments infrastructure provider, said on Wednesday it has acquired Beam, a stablecoin and fiat payment platform, in a move aimed at expanding its capabilities across traditional and blockchain-based settlement systems. The deal brings Beam’s…
DALLAS: Artificial intelligence startup MythWorx said Tuesday it has raised $5 million in seed funding at a $100 million valuation, a figure the company attributes to its AI model’s superior speed, efficiency and reasoning capabilities. The funding round was led by…
SAN FRANCISCO: UnifyApps, a company building an enterprise operating system for artificial intelligence, announced Thursday it has raised a $50 million Series B funding round led by WestBridge Capital. The round included participation from ICONIQ and other investors. The new…
ASHEVILLE: HomeTrust Bancshares Inc (HTB.N) on Tuesday reported a slight dip in quarterly profit but raised its dividend, citing strong underlying performance and a solid capital position. The North Carolina-based bank holding company announced preliminary net income of $16.5 million,…
PARIS: Ipsen and ImCheck Therapeutics today announced they have entered into a definitive share purchase agreement in which Ipsen will acquire all issued and outstanding shares of ImCheck Therapeutics, a private French biotechnology company pioneering next-generation immuno-oncology therapies. The anticipated acquisition…
LONDON: Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces that it has entered into a strategic partnership with Topstep, a leading US-based trading education and evaluation platform, under which Plus500 will exclusively provide clearing and…
CAMDEN: New Jersey American Water Tuesday announced an agreement to acquire the privately held Gordon’s Corner Water Company, a move that would bring approximately 15,000 customers in Monmouth County under its service. The acquisition, which requires state regulatory approval, is…
CENTER VALLEY: Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has entered into exclusive negotiations to acquire Bambora Inc, Bambora Holding Corp, Bambora Corp, and Worldline SMB US, Inc (collectively “Bambora North America”), Worldline’s (Euronext: WLN) North…
ABU DHABI: First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, reported on Wednesday a 24% rise in nine-month net profit, driven by higher revenue across its businesses and lower impairment charges, putting it on track to meet…
LONDON: Barclays BARC.L raised its key profit target and announced a fresh 500 million pound ($639 million) share buyback on Wednesday, citing strong performance and cost savings delivered ahead of plan, despite setting aside more money for a UK motor…
CAMBRIDGE: GE Vernova Inc. (NYSE: GEV) will acquire the remaining 50% stake of Prolec GE, its unconsolidated joint venture with Xignux, further positioning GE Vernova as a global leader serving growing grid markets. The deal will accelerate GE Vernova’s Electrification…
WASHINGTON: A perfect storm of a severe skilled-worker shortage, restrictive immigration caps, and newly aggressive government enforcement is forcing U.S. companies to treat global talent recruitment as a primary strategic concern, rather than a peripheral administrative task, industry executives and…