OSLO: The Board of Directors of Swedbank has decided not to file claims for damages against its former Chairs and CEO for the time they were employed in the fiscal year 2019. Last year, the Board of Directors decided not to initiate legal proceedings against Birgitte Bonnesen and Michael Wolf for the fiscal years prior…
Air New Zealand renews NZ government air travel contract
AUCKLAND: Air New Zealand has reached an agreement to continue supplying air travel services to New Zealand government agencies for a further two years as part of a panel of airline carriers, a news release said. The renewal will see Air New Zealand continue to partner with government agencies to match their specific needs for…
Facebook to spend $1 billion to license material from news publishers
HOUSTON: Social media giant, Facebook would spend at least $1 billion to license material from news publishers over the next three years. Facebook is facing scrutiny from governments around the world over paying for news content that appears on their platforms, WSJ reported. The spending plans are in addition to $600 million that Facebook paid…
Emerald Organic Products announces corporate name change to Healixa
NEW YORK: Emerald Organic Products Inc. has embarked on an extensive rebranding effort in response to accelerated Company growth and a refined corporate vision and changed corporate name to Healixa. The adoption of the Healixa name reflects the company’s emphasis on developing “healing technology” solutions intended to meet the needs of the Company’s diverse customer…
Shanghai Electric Insurance Limited assigned A-, a- credit ratings
HONG KONG: Global insurance sector agency, AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Shanghai Electric Insurance Limited (SEIL). The outlook assigned to these Credit Ratings is stable, a news release said. Incorporated in 2018 in Hong Kong, SEIL is a single-parent captive…
Core One Labs to acquire Ketamine Infusions Centers of Texas, USA
VANCOUVER: Core One Labs Inc. has entered into a definitive agreement to acquire Ketamine Infusion Centers of Texas Inc. (KICT), a US based health and wellness Ketamine Clinic. The Transaction is the first health and wellness operation for the Company in the United States. The acquisition of KICT allows the company to establish a roster…
Belated drill program at East Preston Uranium Project commences
VANCOUVER: Delayed due to a minor weather related issue, the 2021 winter drill program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada, has commenced. Azincourt Energy Corp. currently controls a 70% interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources…
Golar LNG Partners LP unitholders approve merger
OSLO: Unit holders of Golar LNG Partners LP (GMLP) voted on and approved the Agreement and Plan of Merger among GMLP, Golar GP LLC, New Fortress Energy Inc. (NFE), Lobos Acquisition LLC and NFE International Holdings Limited. Pursuant to the Merger Agreement NFE has agreed to acquire all of the outstanding common units and general…
Cyviz partners Microsoft to deliver solutions to Microsoft Technology Centers worldwide
OSLO: Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTCs) worldwide, a news release said. The Microsoft Technology Centers (MTCs) are collaborative environments that provide access to innovative technologies and world-class expertise, enabling Microsoft customers and partners to envision, design, and experience products. Microsoft…
David Kornberg named President and CEO of maurices
DULUTH: David Kornberg has been named President and Chief Executive Officer of maurices effective March 15, 2021. maurices announced that long time CEO George Goldfarb will transition to Chairman Emeritus, and serve on the maurices Board of Directors. “Though George’s shoes will be hard to fill, we are confident that David is the right successor….
Figure Acquisition Corp. I raises $287.5 million through initial public offering
SAN FRANCISCO: Figure Acquisition Corp. I closed its initial public offering of 28.75 million units, which included the full exercise of the underwriters’ over-allotment option, a news release said. The offering was priced at $10 per unit, generating total gross proceeds of $287.5 million. Each unit consists of one share of Class A common stock…
Emmanuel Lakios appointed President & CEO of CVD Equipment Corporation
CENTRAL ISLIP: CVD Equipment Corporation, a leading manufacturer of chemical vapor deposition systems and materials, has announced the appointment of Emmanuel Lakios to President & CEO. “Emmanuel Lakios has more than 30 years’ experience in the industry, and we believe he will lead our company to profitability, sustainability and growth” non-executive Chairman of the Board,…