World’s largest retailer posted revenue of $177.4 billion for the quarter ended July 31 BENTONVILLE: Walmart Inc (NYSE: WMT) raised its full-year sales and earnings guidance on Thursday after reporting a 4.8% rise in second-quarter revenue, driven by strong performance in eCommerce and advertising across its global operations. The world’s largest retailer posted revenue of…
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Community Management Holdings expands national footprint with acquisitions of HOAMCO and AMG
PHOENIX: Community Management Holdings (CMH) announced Thursday the acquisitions of HOAMCO, based in Phoenix, and Alamo Management Group (AMG), headquartered in San Antonio, marking a significant expansion of its national platform for community association management. The move follows CMH’s November 2024 acquisition of CCMC and brings the company’s reach to nearly 500,000 households across 1,000…
Basic Capital secures $25 million Series A to modernize 401(k) investing
NEW YORK: Basic Capital, a retirement platform pioneering asset financing within 401(k) plans, has raised $25 million in a Series A funding round led by Forerunner and Lux Capital. The round drew participation from existing backers SV Angel and Box Group, as well as financial icon Henry Kravis. New investors included HOF Capital and Inspired…
Accenture acquires Highlands Consulting to expand public sector reach in California
SACRAMENTO: Accenture (NYSE: ACN) has acquired The Highlands Consulting Group, a Sacramento-based management consulting firm with deep expertise in healthcare, transportation, social services and environmental solutions, bolstering its public sector capabilities across California. Founded in 2002, Highlands Consulting has built a reputation for delivering strategic business and digital planning, organizational change, and IT analysis to…
Samsung gains ground in U.S. smartphone market as foldables spark consumer buzz
Samsung narrows gap as Apple’s U.S. smartphone market share slips to 49% Samsung is making a bold comeback in the U.S. smartphone market, fueled by a surge in shipments and the launch of cutting-edge foldable devices that are turning heads—and flipping expectations. According to new data from Canalys, Samsung’s market share in the U.S. jumped…
Eledon Pharmaceuticals reports narrowed Q2 loss; Advances tegoprubart across transplant programs
Company posted a net loss of $11.2 million, or $0.13 per basic common share IRVINE: Eledon Pharmaceuticals, Inc. (Nasdaq: ELDN) on Thursday reported a significantly reduced net loss for the second quarter of 2025, alongside key clinical and operational milestones for its lead investigational candidate, tegoprubart. The company posted a net loss of $11.2 million,…
Duos Technologies reports record Q2 revenue, reaffirms full-year guidance
Net operating loss for the quarter widened slightly to $3.44 million from $3.22 million a year earlier JACKSONVILLE: Duos Technologies Group, Inc. (Nasdaq: DUOT) on Thursday reported a 280% year-over-year increase in second-quarter revenue, driven by strong performance in its energy services and edge computing segments. The Jacksonville, Florida-based company said it remains on track…
Eli Lilly to raise UK price of diabetes drug Mounjaro amid U.S. pressure to cut costs
LONDON: Eli Lilly & Co (LLY.N) said on Thursday it will raise the list price of its diabetes drug Mounjaro in the United Kingdom starting Sept. 1, as former U.S. President Donald Trump intensifies pressure on pharmaceutical companies to lower domestic drug prices and offset costs abroad. The U.S. drugmaker said it reached an agreement…
Fundwell acquires EveryStreet to boost business cash flow tools
NEW YORK: Fundwell, a leading fintech platform for business financing, announced Thursday it has acquired EveryStreet, an innovator in accounts receivable and payable technology. The acquisition brings EveryStreet’s founders and team into the Fundwell organization, expanding its platform to provide businesses with more comprehensive tools for managing cash flow. The deal, which closed on Aug….
Vellox Group acquires ADSoftware to create unified aviation operations platform
NEW YORK: Vellox Group, a leader in aviation operations software, announced Thursday it has acquired French-based ADSoftware, a provider of CAMO and maintenance software. The acquisition expands Vellox’s platform into the maintenance domain, creating a single solution for aviation operators to manage flight operations and airworthiness. The company said this integration will eliminate operational silos…
AleraCare and PURE Healthcare announce merger agreement
DALLAS: AleraCare and PURE Healthcare, two leading providers of infusion and specialty pharmacy services, announced Thursday that they have entered into a definitive merger agreement. The merger aims to expand access to high-quality patient care and lower the overall cost of healthcare for individuals with complex chronic and autoimmune conditions. Terms of the transaction were…
UK economy grows 0.3% in Q2, beating forecasts but showing signs of cooling
LONDON: Britain’s economy expanded by a stronger-than-expected 0.3% in the second quarter, preliminary data from the Office for National Statistics (ONS) showed on Thursday, as resilient services activity offset weakness in production and lingering trade uncertainty. Economists polled by Reuters had forecast a modest 0.1% rise in gross domestic product (GDP) for the April-June period,…