LOS ANGELES: U.S. defense manufacturing startup Hadrian announced on Thursday the close of a $260 million Series C funding round, led by Founders Fund and Lux Capital, to significantly expand its production facilities aimed at bolstering American naval defense capabilities….
LONDON: easyJet Plc (EZJ.L) reported a 21% year-on-year rise in third-quarter headline profit before tax, reaching £286 million, driven by robust demand and strong performance from its holiday unit. The budget airline saw a 2% growth in passenger numbers and…
Earnings surprises, falling jobless claims & robust retail sales fuel market gains; PepsiCo, United Airlines lead rally U.S. stocks advanced solidly Thursday as encouraging corporate earnings reports and robust economic data bolstered investor confidence. The S&P 500 rose 0.5 percent….
SACRAMENTO: Inszone Insurance Services, a national provider of commercial, personal and benefits insurance, has acquired Snell-Nelson Insurance Agency, Inc., expanding its footprint in Kansas and Oklahoma. Founded in Ashland, Kan., in 1985 by Monica Meininger, Snell-Nelson Insurance built its reputation…
LONDON: Axis Bank Ltd. on Thursday reported an 18% year-over-year decline in its consolidated net profit for the fiscal first quarter, as increased provisions offset gains from robust income growth. The private-sector lender posted a net profit of ₹6,243.7 crore…
LONDON: Natural resources investment firm Ajax Resources has completed the acquisition of a major gold and copper asset in Argentina, marking a transformative step in its evolution from a listed cash shell to an active exploration company. The company signed…
JOHANNESBURG: AECI Ltd. has announced the sale of substantially all assets and certain liabilities of its U.S.-based subsidiary Schirm U.S.A., Inc. to Liberation Chem-Toll LLC, a newly formed Texas company backed by Schirm USA’s senior management. The transaction marks a…
TAIPEI: Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a 61% surge in second-quarter profit, setting a quarterly record as strong demand for artificial intelligence chips continued to drive sales. The world’s largest contract chipmaker posted net income of NT$398.27…
DUBAI: NEP Group, a global media services provider for live sports and entertainment, announced Thursday that Waleed Isaac will join the company as President of its Middle East and Asia operations, effective Aug. 1. Isaac, a seasoned executive with more…
LONDON: British advanced materials and packaging group James Cropper Plc (AIM: CRPR) reported a higher annual adjusted profit before tax on Thursday, supported by cost discipline and a strategic shift under new CEO David Stirling. For the year ended March…
SINGAPORE: Conrad Asia Energy (ASX:CRD) has signed a binding Gas Sales Agreement (GSA) with PT PLN Energi Primer Indonesia (PLN EPI) for the full output from its Mako Gas Field in Indonesia, marking a key milestone in the company’s regional…
MELBOURNE: CAR Group Limited (ASX:CAR) announced Thursday that CEO Cameron McIntyre will step down on Aug. 15 after nine years leading the automotive marketplace giant, with Chief Financial Officer William Elliott named as his successor. The transition coincides with preliminary…