DALLAS: Artificial intelligence startup MythWorx said Tuesday it has raised $5 million in seed funding at a $100 million valuation, a figure the company attributes to its AI model’s superior speed, efficiency and reasoning capabilities. The funding round was led by Eagle Venture Fund along with its affiliated Eagle Freedom Funds. Other angel investors also participated….
UnifyApps raises $50 million Series B funding to scale its enterprise AI operating system
SAN FRANCISCO: UnifyApps, a company building an enterprise operating system for artificial intelligence, announced Thursday it has raised a $50 million Series B funding round led by WestBridge Capital. The round included participation from ICONIQ and other investors. The new capital brings UnifyApps’ total funding to $81 million. The company also announced that Ragy Thomas,…
HomeTrust Bancshares quarterly profit edges lower to $16.5 million but dividend rises 8%
ASHEVILLE: HomeTrust Bancshares Inc (HTB.N) on Tuesday reported a slight dip in quarterly profit but raised its dividend, citing strong underlying performance and a solid capital position. The North Carolina-based bank holding company announced preliminary net income of $16.5 million, or $0.95 per diluted share, for the third quarter ending September 30, 2025. This compares…
Ipsen will acquire ImCheck Therapeutics for up to 1 billion euros
PARIS: Ipsen and ImCheck Therapeutics today announced they have entered into a definitive share purchase agreement in which Ipsen will acquire all issued and outstanding shares of ImCheck Therapeutics, a private French biotechnology company pioneering next-generation immuno-oncology therapies. The anticipated acquisition is focused on the lead Phase I/II program ICT01 in first line acute myeloid leukemia…
Plus500 partners with Topstep to power US Futures brokerage expansion
LONDON: Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces that it has entered into a strategic partnership with Topstep, a leading US-based trading education and evaluation platform, under which Plus500 will exclusively provide clearing and technology infrastructure for Topstep Brokerage and Topstep’s broader Enterprise. Through this partnership, Topstep’s large and…
New Jersey American Water to acquire Gordon’s Corner Water Company
CAMDEN: New Jersey American Water Tuesday announced an agreement to acquire the privately held Gordon’s Corner Water Company, a move that would bring approximately 15,000 customers in Monmouth County under its service. The acquisition, which requires state regulatory approval, is expected to be completed by mid-2026. Gordon’s Corner serves customers in portions of Colts Neck,…
Shift4 to acquire Bambora North America
CENTER VALLEY: Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has entered into exclusive negotiations to acquire Bambora Inc, Bambora Holding Corp, Bambora Corp, and Worldline SMB US, Inc (collectively “Bambora North America”), Worldline’s (Euronext: WLN) North American subsidiaries. The contemplated transaction is expected to close in the first quarter of 2026,…
First Abu Dhabi Bank posts record nine-month profit of $4.36 billion, confident on 2025 targets
ABU DHABI: First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, reported on Wednesday a 24% rise in nine-month net profit, driven by higher revenue across its businesses and lower impairment charges, putting it on track to meet its full-year guidance. Net profit after tax for the first nine months of 2025 reached…
Barclays lifts profit target, kicks off early $639 million share buyback
LONDON: Barclays BARC.L raised its key profit target and announced a fresh 500 million pound ($639 million) share buyback on Wednesday, citing strong performance and cost savings delivered ahead of plan, despite setting aside more money for a UK motor finance probe. The British bank now expects to deliver a return on tangible equity (RoTE)…
GE Vernova to acquire remaining 50% stake of Prolec GE
CAMBRIDGE: GE Vernova Inc. (NYSE: GEV) will acquire the remaining 50% stake of Prolec GE, its unconsolidated joint venture with Xignux, further positioning GE Vernova as a global leader serving growing grid markets. The deal will accelerate GE Vernova’s Electrification segment’s growth trajectory, the company’s fastest-growing segment, by expanding its presence in and support for…
U.S. talent gap widens as H-1B lottery and heightened enforcement squeeze employers
WASHINGTON: A perfect storm of a severe skilled-worker shortage, restrictive immigration caps, and newly aggressive government enforcement is forcing U.S. companies to treat global talent recruitment as a primary strategic concern, rather than a peripheral administrative task, industry executives and data show. Immigration Service Issues Guidance On Who Pays The $100,000 H-1B Fee The scale…
OVHcloud breaks €1 billion revenue mark; Founder Klaba takes helm
PARIS: European cloud computing services provider OVHcloud reported on Tuesday full-year revenue that broke through the symbolic one-billion-euro barrier, with its core profit margin exceeding 40%, and announced the appointment of its founder Octave Klaba as Chairman and Chief Executive Officer. The French company said the governance change was made to “align vision, strategy, and…