Pacific Brands was an Australian consumer products company. On Tuesday, 28 June 2016, the company suspended trading on the ASX in order to be acquired by Hanesbrands. Corporate changes/details were to be announced thereafter. This acquisition was completed and Pacific Brands was consumed by HanesBrands. Founded: 1893 (1985 as “Pacific Brands”), listed on ASX and…
GE Healthcare’s Voluson SWIFT receives 510(k) clearance from the FDA
LONDON: Intelligent Ultrasound, the artificial intelligence (AI) based ultrasound software and simulation company, announced that GE Healthcare’s Voluson SWIFT ultrasound machine that incorporates GE Healthcare’s SonoLyst software with Intelligent Ultrasound’s ScanNav Assist AI technology, has received 510(k) clearance from the FDA for sale in the USA. SonoLyst is the world’s first fully integrated AI tool…
Ofgem has issued the electricity suppliers with final orders compelling them to pay £15 million
LONDON: Ofgem, Britain’s independent energy regulator, has issued three suppliers with final orders compelling them to pay £15 million in outstanding payments to comply with the Renewables Obligation (RO) scheme and in Feed-in Tariff (FIT) levelisation payments by 31 October 2020. The three suppliers are Nabuh Energy Limited, Robin Hood Energy Limited and Symbio Energy…
Group CEO Totin Holdings, David Ruffell to step down on April 30, 2021
LONDON: Titon Holdings Plc announced that after 33 years, David Ruffell, Group CEO, has agreed with the Board that he will step down from his role as CEO and leave Titon on 30 April 2021. David will remain as CEO and carry out his usual responsibilities until this date to ensure a smooth transition for…
AstraZeneca agrees to sell commercial rights to Atacand to Cheplapharm Arzneimittel GmbH
LONDON: AstraZeneca has agreed to sell the commercial rights to Atacand (candesartan cilexetil) and Atacand Plus (a fixed-dose combination of candesartan cilexetil and hydrochlorothiazide) in around 70 countries globally to Cheplapharm Arzneimittel GmbH (Cheplapharm). Cheplapharm will pay AstraZeneca a total of $400m in non-contingent consideration, of which the present value will be recognised as Other…
TUI Group sings further aircraft sale and leaseback agreement with BOC Aviation
HANNOVER: TUI Group has confirmed the signing of a further sale and leaseback (SLB) agreement with BOC Aviation Limited for two new Boeing 737 MAX-8 aircraft for the aggregate sum of $90 million (~€76m). The two new aircraft are expected to be delivered during Winter 20/21, in line with our newly agreed deferred re-fleeting programme…
Five9 to acquire Intelligent Virtual Agent Platform, Inference Solutions
SAN RAMON: Five9 Inc. announced the execution of a definitive agreement to acquire Inference Solutions, the most widely deployed Intelligent Virtual Agent (IVA) platform. “Intelligent and personalized self-service has become the preferred approach to service for customers,” said Donna Fluss, President, DMG Consulting, LLC. “IVAs, which are AI-enabled omni-channel self-service solutions, are going to play…
Three Pillars Capital Completes $100 million multi-property acquisition next to NRG Stadium
HOUSTON: Three Pillars Capital has completed a massive 3-property multifamily portfolio acquisition reported to be valued at $100 million, a news release said. Combined, the NRG Portfolio comprises of three properties totaling almost 700 units and are located in an opportunity zone, that of the rapidly growing Texas Medical Center, directly neighboring the iconic NRG…
Columbia Sportswear announces senior leadership changes as part of transition plans
PORTLAND: Columbia Sportswear Company has announced a series of senior leadership changes executing on transition plans, supporting the Company’s omni-channel plans for growth and unlocking digital opportunities. Thomas B. Cusick has announced his intention to retire from the Company. In February 2021 Mr. Cusick will step down from his role as Executive Vice President and…
California Leafy Greens Marketing Agreement appoints Tim York as New CEO
SACRAMENTO: Tim York was named as the new Chief Executive Officer of the California Leafy Greens Marketing Agreement (LGMA) during today’s Board of Directors meeting. York will replace Scott Horsfall who is retiring in early 2021. York will begin his work with the LGMA on December 1. “Tim has been an influential presence when it…
SGX welcomes Nanofilm Technologies International Limited to Mainboard
SINGAPORE: Singapore Exchange (SGX) welcomed the listing of Nanofilm Technologies International Limited on its Mainboard under the stock code “MZH”. Nanofilm Technologies International Limited opened at S$2.77 today. Founded in 1999 as a high-tech spin-off from the Nanyang Technological University, Nanofilm Technologies International Limited is a leading provider of nanotechnology solutions in Asia. Their key…
Samsung reclaims top spot as worldwide smartphone shipments clocked in at 353.6 million
FRAMINGHAM: With the re-opening of economies around the globe as COVID-19 restrictions were gradually relaxed, worldwide mobile shipments clocked in at 353.6 million during third quarter of the year ended September 30, 2020, preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker suggests. The worldwide smartphone market showed signs of improvement…