MONTREAL: Berkshire Hathaway HomeServices Québec celebrated its first full year of operation. Berkshire Hathaway HomeServices Québec is an independently owned and operated franchise of Berkshire Hathaway HomeServices, one of the world’s fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, in 1,500 offices throughout the U.S., Europe, the Middle East…
Experts predict bright path for U.S. commercial real estate in 2021
WASHINGTON: Speakers at Commercial Economic Issues and Trends Forum, held as part of the 2021 REALTORS Legislative Meetings & Trade Expo, discussed historic shifts in the nation’s economy over the past 12 months while projecting a favorable outlook for the commercial real estate market in the coming year. The U.S. economy experienced one of the…
FCPT acquire portfolio of National Tire and Battery properties for $11.6 million
MILL VALLEY: Four Corners Property Trust (NYSE:FCPT) announced the acquisition of six NTB (National Tire and Battery) branded properties for $11.6 million. The properties are located in highly trafficked retail corridors in Mississippi and Ohio and are corporate-operated under triple net leases with approximately three years of weighted average term remaining. The portfolio was priced…
PSO launches digitally integrated oil storage and dispatch terminal
KARACHI: Pakistan State Oil (PSO) has launched country’s first digitally integrated oil storage and dispatch terminal at PSO’s Keamari Terminal (KTA) in southern port city. Special Assistant to Prime Minister for Power & Petroleum Tabish Gauhar accompanied by Managing Director & CEO PSO Syed Muhammad Taha inaugurated the facility. This new milestone profoundly enhances the…
NYSE to delist ADRs of China Mobile, China Unicom (Hong Kong) and China Telecom
HONG KONG: China Mobile, China Unicom (Hong Kong) and China Telecom notified to the Hong Kong Stock Exchange that they expect the New York Stock Exchange (NYSE) to delist their American Depositary Shares (ADSs). The move will be effective 10 days after the exchange files a Form 25 to the U.S. Securities and Exchange Commission,…
What is an acquisition?
The act of obtaining or beginning to have something, or something obtained is acquisition. In business terms, something that is bought by a company, such as another company, a building, or a piece of land is acquisition. Purchasing more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions…
Philip Morris appoints Jacek Olczak as CEO, André Calantzopoulos as Executive Chairman
NEW YORK: Philip Morris International (NYSE: PM) announced that Jacek Olczak was appointed Chief Executive Officer following the company’s 2021 Annual Shareholders Meeting earlier today. Mr. Olczak—most recently the company’s Chief Operating Officer—was also elected to the Board of Directors. André Calantzopoulos, who served as Philip Morris International (PMI) Chief Executive Officer from 2013, was…
Partnership between CEA and Roctool to create photovoltaic panels of tomorrow
PARIS: Roctool SA (EPA: ALROC) is selected as part of the EasyPOC program to develop the photovoltaic panels of tomorrow with CEA, a news release said. Roctool SA (EPA: ALROC), specialists in mold heating and cooling technologies for plastics and composites, were As part of the EasyPOC system, financed 100% by the Region Auvergne-Rhône-Alpes with…
MGC Pharmaceuticals gives update on its drug for COVID-19 and post COVID-19 syndrome
LONDON: MGC Pharmaceuticals Ltd (ASX: MXC), a European based bio-pharma company specialising in the production and development of phytocannabinoid-derived medicines, announced further results from the Phase II clinical and preclinical studies on ArtemiC, evaluating the efficacy on anti-inflammatory agents for increased cytokine, which is found in different variants and mutations of COVID-19 and post COVID-19…
Belluscura plc announces intention to float on AIM of London Stock Exchange
LONDON: Belluscura plc, a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announced its intention to list entire issued and to be issued ordinary share capital of the Company to the AIM market of the London Stock Exchange. Belluscura’s first product, the X-PLO2 RTM, is a lightweight FDA cleared portable oxygen…
Ericsson and Samsung sign global patent license and technology cooperation agreement
STOCKHOLM: Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021. Furthermore, Ericsson (NASDAQ: ERIC) and Samsung have agreed on technology cooperation projects to advance the…
Taylor Maritime Investments launches initial public offer to raise $250 million
LONDON: Taylor Maritime Investments Limited announced the launch of its initial public offering (IPO) on the Premium Segment of the Main Market of the London Stock Exchange, a news release said. Taylor Maritime Investments is offering approximately 250 million ordinary shares at an initial issue price of US$1.00 per ordinary share. The Company is an…