Volvo Cars shares plummet as Geely Holding initiates massive stock sale

Volvo Cars shares witnessed a sharp decline, plummeting by as much as 14% on Friday morning. The reason was the initiation of a substantial sale of approximately 100 million shares…

NNR November 17, 2023

Wire

Alibaba’s restructuring plan hits a snag as cloud and grocery units shelve listing plans

Alibaba has scrapped its plans to list its cloud and grocery businesses separately, citing regulatory and market uncertainties. The Chinese ecommerce giant reported disappointing earnings on Thursday, with revenue missing…

Ali Mirza November 16, 2023

Wire

Immervision welcomes new CEO Michel Van Maercke

MONTREAL: Immervision, a company that creates solutions that see beyond human vision, has announced the appointment of Michel Van Maercke as its new CEO, effective from November 20, 2023. Van…

NNR November 16, 2023

Wire

Mark Willis appointed CEO of Keller Williams

TEXAS: Keller Williams (KW), the global leader in residential real estate franchising based on agent count, has announced the immediate appointment of Mark Willis as CEO. Gary Keller, Co-founder, and…

NNR November 16, 2023

Wire

Core & Main to buy Lee Supply Company, expanding its HDPE pipe business

Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, announced on Wednesday that it has agreed to acquire Lee Supply Company Inc. (Lee…

NNR November 15, 2023

Wire

MCCi has acquired GovBuilt

FLORIDA: MCCi, a prominent business process automation company and a Century Park Capital Partners portfolio company, has successfully acquired GovBuilt. This acquisition aims to elevate citizen experiences through a unified,…

NNR November 15, 2023

Wire

IMF and Pakistan Reach Agreement on First Review of Stand-By Arrangement, Unlocking Access to $700 Million

ISLAMABAD: The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review under Pakistan's Stand-By Arrangement (SBA). The agreement, subject to approval by the…

NNR November 15, 2023

Wire

AIT Worldwide Logistics launches Middle Mile Network, a faster and safer way to U.S.

AIT Worldwide Logistics, a global leader in supply chain solutions, has announced the launch of its Middle Mile Network, a new service that offers a faster, more secure, and cost-effective…

NNR November 14, 2023

Wire

MindLeaf Technologies to spinoff its life sciences division as CliniLink Health

MASSACHUSETTS: MindLeaf Technologies, a company that provides medical and compliance support services to healthcare organizations, has announced the spinoff of its life sciences division as CliniLink Health. CliniLink Health is…

NNR November 14, 2023

Wire

Securonix Inc appoints Mark Stevens as vice president of strategic alliances

TEXAS: Securonix Inc., a leading provider of Unified Defense SIEM, has named Mark Stevens as its Vice President of Strategic Alliances. With over two decades of experience in cultivating OEM…

NNR November 14, 2023

Wire

AIS appointment Kim Pack as the new President of Federal unit

AIS, a leading Azure and GenAI solutions provider, has announced the appointment of Kim Pack as the new President of its Federal unit. Kim Pack will lead the company's efforts…

NNR November 14, 2023

Wire

Acacia Research buys majority stake in Benchmark Energy

NEW YORK: Acacia Research Corporation, a publicly traded company that invests in intellectual property and other assets, has announced that it has acquired a majority stake in Benchmark Energy II,…

NNR November 14, 2023