SOUTHFIELD: Eaton Corp announced its eMobility business has launched a new and improved line of Eaton OMNEX Trusted Wireless mobile control solutions for heavy machinery and field operations. The 900 MHz two-way remote-control units allow for the wireless control of high-value machinery in harsh environments, including mining, construction, agriculture, locomotive and marine markets. “Our next…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
Full Circle Fiber acquires Noble Resources
TAMPA: Noble Resources Corporation has been acquired by Full Circle Fiber Partners, an affiliate of Mill Point Capital. Noble will continue to operate independently under its new name, Noble Broadband LLC, a news release said. Under Full Circle, Noble will continue to expand its leadership in communications and utility infrastructure services, specializing in aerial and…
Facedrive partners with Russell Wilson and Jason LeeKeenan founded Tally Technology
TORONTO: Facedrive Inc., a Canadian tech ecosystem, has completed a sign-and-close definitive agreement to partner and invest in Tally Technology Group Inc., a white-label, free-to-play sports predictions platform founded by Superbowl-winning quarterback Russell Wilson and Jason LeeKeenan. Tally’s sports prediction platform was spun out of TraceMe, a celebrity social media company founded by Wilson and…
Chevron makes investment in nuclear fusion start-up, Zap energy
HOUSTON: Chevron Corporation has announced a Series A investment in Zap Energy Inc., a Seattle-based start-up company developing a next-generation modular nuclear reactor with an innovative approach to advancing cost-effective, flexible, and commercially scalable fusion. Chevron Technology Ventures’ investment in fusion is an opportunity to enhance the company’s focus on a diverse portfolio of low-carbon…
G-III Apparel Group and Levi Strauss & Co. renew U.S. licensing agreements for outerwear
NEW YORK: G-III Apparel Group Ltd. announced that it has renewed its license agreements with Levi Strauss & Co. for the Levi’s and Dockers brands. These licenses have been renewed through November 30, 2024 and cover men’s and women’s outerwear under the Levi’s brand and men’s outerwear for the Dockers brand. Ron Finestone, G-III Divisional…
Moderna announces supply agreement with U.S. government for 100 million doses of mRNA vaccine
CAMBRIDGE: Moderna Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, announced that the U.S. government has secured 100 million doses of mRNA-1273 as part of the U.S. government’s goal of securing early access to safe and effective COVID-19 vaccines for the American…
FDA Approves initiation of IGC’s cannabinoid trial on Alzheimer’s patients
POTOMAC: India Globalization Capital announced that on July 30, 2020, the U.S. Food and Drug Administration (FDA) notified IGC that it has authorized the Company to initiate a Phase 1 human trial study for the Company’s investigational cannabinoid formulation for the treatment of patients suffering from mild to severe dementia due to Alzheimer’s disease. After…
Moody’s acquires stake in Islamic rating agency, strengthening presence in key ASEAN market
NEW YORK: Moody’s Corporation has acquired a minority stake in Malaysian Rating Corporation Berhad (MARC), a credit rating agency serving the Malaysian domestic bond and sukuk markets, a news release said. The investment strengthens Moody’s presence in Southeast Asia and across domestic bond markets globally, and advances its position as a leader in Islamic finance….
P97 Networks to enable contactless mobile payments for Asia-Pacific’s leading oil companies
SINGAPORE: P97 Networks Inc., has been selected by Mobil Oil New Zealand Limited, an affiliate of ExxonMobil Asia Pacific Pte Ltd, to enable mobile payments across its Mobil-branded retail network in New Zealand. ExxonMobil Asia Pacific is the downstream and chemical business hub for the region with over $15 billion of assets under affiliate management….
Majesco signs agreement to be acquired by Thoma Bravo in a $729mn deal
MORRISTOWN: Majesco, a global leader of cloud insurance software solutions for insurance business transformation, has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction,…
ON Semiconductor evaluates sale of its manufacturing facility in Japan
PHOENIX: ON Semiconductor Corporation, driving energy efficient innovations, announced it is exploring a sale of its manufacturing facility in Niigata, Japan. The intended sale of Niigata facility is part of the company’s plan to optimize its manufacturing footprint and sharpen its focus on highly differentiated power, analog and sensor products. The company will begin searching…
Global commercial aircraft market to grow by over 3.0% during 2020-25
DUBLIN: The commercial aircraft market is expected to register a cumulative average growth rate (CAGR) of over 3.0%, during 2020-25, a report prepared by ResearchAndMarkets.com notes. The growth in air travel, especially in the emerging economies, is expected to remain as the key driver for the market growth during the forecast period. The introduction of…