Illumina, a leading biotech company, announced on Sunday that CEO Francis deSouza has resigned from his position. This development comes just weeks after activist investor Carl Icahn’s attempt to oust deSouza from the company was unsuccessful. The board of directors at Illumina has accepted deSouza’s resignation and has initiated a search for a new CEO….
Labor Dispute Escalates as Port of Seattle Shuts Down Amidst Ongoing West Coast Strife
The labor strife plaguing the West Coast has reached a critical point, as the Port of Seattle announced a complete shutdown due to the International Longshore and Warehouse Union (ILWU) refusing to dispatch labor to work at the container terminals. The Pacific Maritime Association (PMA), representing the port terminals, made this announcement, further exacerbating the…
Cargo worth billions stuck as West Coast ports and terminals grind to a halt
West Coast ports are facing severe disruptions as union workers orchestrate a work slowdown in response to failed negotiations with port management. The International Longshore and Warehouse Union (ILWU) workforce’s deliberate reduction in productivity has brought ground port operations to a crawl, leading to a significant backlog of containers waiting outside port limits. Supply chain…
Exchange rates for GBP against major currencies on June 10, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1695 Pounds to Euros GBP-USD 1.2571 Pounds to Dollars GBP-NZD 2.0538 Pounds to New Zealand Dollars GBP-AUD 1.8651 Pounds to Australian…
Exchange rates for GBP against major currencies on June 9, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1674 Pounds to Euros GBP-USD 1.2574 Pounds to Dollars GBP-NZD 2.0517 Pounds to New Zealand Dollars GBP-AUD 1.8675 Pounds to Australian…
Binance.US Faces Setback as USD Fiat Channels Suspended, Impacting Crypto Trading
Binance.US, the American arm of cryptocurrency exchange Binance, is set to face operational challenges as it announced that customers will no longer be able to utilize U.S. dollars to purchase cryptocurrencies on the platform starting from June 13. The decision comes after Binance’s payment and banking partners expressed their intention to pause USD fiat channels,…
WebMD to acquire Limeade, creating a powerful combination of culture and well-being
SYDNEY, AUSTRALIA: Limeade (ASX: LME), an immersive employee well-being company, announced today that it has entered into a definitive merger agreement with WebMD, a leading provider of health information services. The merger agreement, unanimously approved by Limeade’s board of directors, will result in WebMD acquiring Limeade through a merger of a wholly-owned subsidiary of WebMD…
CMC Markets acquires stake in StrikeX Technologies, boosting blockchain solutions
LONDON, UK: CMC Markets Plc , a leading global provider of online retail and institutional platform technology, has announced a significant investment in StrikeX Technologies Ltd, a customer-centric blockchain solutions company. With the acquisition of a 33% stake in StrikeX, CMC Markets solidifies its position in the digital asset industry and gains access to cutting-edge…
Brookfield agrees to takeover Network International Holdings for £2.2 billion
LONDON, UK: BCP VI Neptune Bidco Holdings Limited reached agreement on the terms of a recommended cash acquisition of Network International Holdings Plc at the rate of 400 pence in cash for each Network International share. BCP VI Neptune Bidco is an entity indirectly owned by Brookfield Business Partners together with private equity funds managed…
Oberon Investments completes acquisition of majority stake in Logic Investments
LONDON, UK: Oberon Investments Group plc (AQSE: OBE), a boutique investment management, wealth planning, and corporate broking group, is pleased to announce the successful completion of its acquisition of a majority stake in Logic Investments Ltd (‘Logic’). The Financial Conduct Authority (FCA) has granted approval for the change of control, allowing Oberon to proceed with…
Tesco Media and Insight Platform partners with Pinterest to offer personalised ads to CPG brands
Tesco Media and Insight Platform, powered by dunnhumby, has announced a new offsite media partnership with Pinterest, the world’s largest visual discovery engine. This partnership will allow the UK’s leading CPG brands to connect with Tesco customers who are looking for inspiration on Pinterest, using Tesco Clubcard data and dunnhumby’s analytical expertise to deliver highly…
EvenUp Secures $50.5 Million in Series B Funding to Revolutionize Personal Injury Law with AI-driven Support
EvenUp, a leading AI-driven company specializing in providing support for personal injury lawyers, announced today that it has successfully raised $50.5 million in Series B funding. The funding round was led by Bessemer Venture Partners, a prominent venture capital firm, with participation from other notable investors including Bain Capital Ventures, Scott Belsky, Clio, SignalFire, DCM,…