Discover Financial Services (NYSE: DFS) announced today that Michael G. Rhodes, a veteran financial industry executive, will be its new Chief Executive Officer and President, effective on or before March 6, 2024. He will also serve as President of Discover Bank and join the boards of both the Company and the Bank. Michael Rhodes, who…
Vegard Wollan to succeed Svenn-Tore Larsen as Nordic Semiconductor CEO
OSLO, NORWAY: Nordic Semiconductor, a global leader in connectivity solutions, has announced that Vegard Wollan will take over as the new CEO of the company from January 1, 2024. Wollan is a serial entrepreneur and a co-inventor of the AVR microcontroller technology, which he developed into a billion-dollar business at Atmel and later at Microchip…
Norwegian insurance companies, Fremtind Forsikring and Eika Forsikring to merge in 2024
OSLO, NORWAY: Two Norwegian insurance companies, Fremtind Forsikring AS and Eika Forsikring AS, have agreed to merge in 2024, creating a new entity called Fremtind Forsikring. The merger is subject to regulatory approval and the signing of a final transaction agreement. The deal involves the owners of the two companies, SpareBank 1 Gruppen AS, DNB…
Everfuel collaborates with ITOCHU and Osaka Gas for green hydrogen production
HERNING, DENMARK: Everfuel A/S has entered into a strategic collaboration with HyVC ApS (the Japanese consortium), a joint venture between ITOCHU Corporation and Osaka Gas Co., Ltd., with the ambition of accelerating development of green hydrogen production and sharing of related technology, know-how and best-practices. The agreement includes a commitment by the Japanese consortium to…
Incitec Pivot Limited appoints Mauro Neves as CEO and MD
SYDNEY, AUSTRALIA: Incitec Pivot Limited (ASX:IPL) announced that Mr Mauro Neves de Moraes has been appointed as Chief Executive Officer & Managing Director of IPL, following a comprehensive search process. Mauro will assume the CEO & Managing Director role effective 22 January 2024. Incitec Pivot LimitedChairman Mr Greg Robinson said: “We are very pleased to…
Altice USA may sell Cheddar News to Regent LP
Altice USA, the fourth-largest U.S. cable provider, is in talks to sell its financial news streaming service Cheddar News to a private equity firm, Regent LP, CNBC reported. The deal could be worth up to $50 million, depending on Cheddar’s future performance. Cheddar, which targets millennials, was acquired by Altice USA for $200 million in…
Marel appoints Arni Sigurdsson as Chief Executive Officer
AMSTERDAM: Marel today announced that Arni Sigurdsson has been appointed as Chief Executive Officer with immediate effect. Marel (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software, and services to the poultry, meat and fish industries. Arni Sigurdsson took over the role of Chief Business Officer and Deputy…
HP’s RTX 4060 gaming PC: A beast of a machine for a bargain price
If you are a gamer looking for a new PC that can handle the latest and greatest games, you might want to check out HP’s RTX 4060 gaming PC. This is a powerful machine that offers a lot of bang for your buck, and it comes with some impressive features that will make your gaming…
Macy’s gets $5.8 billion takeover bid from Arkhouse and Brigade
Macy’s, the iconic American department store chain, is facing a potential buyout from a consortium of real estate and asset management firms. Arkhouse Management and Brigade Capital Management have offered to acquire Macy’s for $5.8 billion, or $21 per share, in a letter sent to the company’s board on Dec. 1. The Wall Street Journal…
Abrdn to reinvest £30m in UK investment trusts
Abrdn, the third-largest manager of investment trusts in the UK, announced that it will reinvest an amount equal to six months’ worth of management fees into all of its UK-listed investment companies. The move, which is subject to regulatory approval, will cover 17 trusts across equity, real estate and multi-asset classes, and is expected to…
TikTok invests $1.5bn in Tokopedia to revive e-commerce in Indonesia
TikTok, the social media giant, has announced a $1.5bn investment in Tokopedia, Indonesia’s largest e-commerce platform, in a bid to reopen its online shopping business in the country. The deal will merge TikTok’s popular Indonesian shop with Tokopedia, giving TikTok a 75% stake in the joint venture. The partnership, which will start with a pilot…
Lenovo Legion Go Review: A Powerful Handheld Gaming PC with Windows 11
If you are looking for a handheld gaming device that can run any Windows game or program, you might want to check out the Lenovo Legion Go. It is a new entrant in the handheld gaming market, competing with the likes of Steam Deck and Asus ROG Ally. It has a lot of impressive features,…