HAIFA: MeMed Ltd., a leader in host response-based solutions, announced that it has received a CE Mark in Europe for use of its diagnostic test MeMed BVand point-of-need platform MeMed Key. “At its core, MeMed is about decoding the signals of the host-immune response to help physicians make better informed decisions that improve patients’ lives,”…
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Laurent C. Therivel appointed President & CEO of U.S. Cellular
CHICAGO: U.S. Cellular announced that Laurent C. Therivel will be appointed President and Chief Executive Officer, effective July 1, 2020. Kenneth R. Meyers will be appointed to “Senior Advisor to the CEO” until his retirement on September 4, 2020. Meyers and Therivel will work closely to ensure a smooth transition period. Therivel will also be…
Hawaii American Water acquires Waimea Wastewater Company
HAWAII: Hawaii American Water acquired the assets and operations of the Waimea Wastewater Company Inc., and is the new wastewater service provider for those customers. Located on the Big Island of Hawaii, Waimea Wastewater Company is a regulated wastewater utility that serves approximately 217 residential and commercial connections, including North Hawaii Community Hospital and the…
Bombardier concludes sale of the CRJ Series Regional Jet Program to Mitsubishi Heavy Industries
MONTREAL: Bombardier confirmed the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries for a cash consideration of approximately $550 million, subject to post-closing adjustments and the assumption of liabilities by MHI related to credit and residual value guarantees and lease subsidies amounting to approximately $200 million. Through…
Yeahka Limited commences trading on the Hong Kong stock exchange
HONG KONG: Yeahka Limited, China’s leading payment and business service technology platform commences trading on the Main Board of Stock Exchange of Hong Kong Limited on June 1st 2020, under the stock code of 9923. CLSA, Nomura and ABCI are the joint sponsors. The total number of offer shares under the global offering amounts to…
Home décor retailer Pier 1 to wind down business operations
FORT WORTH: Pier 1 Imports Inc. has received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia for the Company’s planned wind-down of operations. Pier 1 intends to initiate store closing efforts and liquidation sales once store locations can reopen, in compliance with COVID-19 guidelines from local government and health officials. The…
AHF slams Trump administration for abandoning World Health Organization during pandemic
WASHINGTON: AIDS Healthcare Foundation (AHF) sharply criticized the Trump administration for its announcement earlier that it is withdrawing U.S. membership in the World Health Organization (WHO) after cutting hundreds of millions in funding to the global organization in recent weeks. Despite the fact that WHO badly bungled its global COVID-19 response and abetted China’s cover…
AT&T announces settlement of Euro and USD bond issuances and early repayment of debt
DALLAS: AT&T Inc. continues to actively de-risk its capital structure, extending debt maturities at historically low coupons. On May 27, 2020, AT&T closed its sale of €3 billion combined principal amount of its Global Notes due 2028, 2032 and 2038. Additionally, the company announced today the settlement of $12.5 billion combined principal amount of its…
ACBJ creates small biz backer platform for small businesses to share their stories
CHARLOTTE: The fight to slow the spread of the coronavirus across America has created many economic hardships for thousands of small businesses across the nation, especially restaurants, retailers and service agencies. Many business owners have been forced to close their doors temporarily and put employees out of jobs and paychecks, while others pivoted their businesses…
Vivint Smart Home wins Gold Halo Award for outstanding corporate social responsibility
PROVO: Engage for Good, a premier social good and cause-related marketing professional organization, recognized Vivint Smart Home with the 2020 Gold Halo Award in its Group Volunteerism category. The Engage for Good Halo Awards program, now in its 18th year, is North America’s highest honor for corporate social initiatives and cause marketing. Last year, the…
Exabeam invests for across Asia Pacific, Japan to meet increasing demand
FOSTER CITY: Exabeam, the Smarter SIEM company, announced a significant investment in its operations across the Asia Pacific and Japan (APJ) region to meet growing demand for its cybersecurity solutions and capitalize on record momentum, with over 100% year-over-year growth for fiscal year ending January 2020. The company tripled its workforce in the region through…
Unit corporation files Chapter 11; enters into restructuring support agreement with creditors
TULSA: Unit Corporation, a Tulsa-based, publicly held energy company, has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code to effectuate a pre-negotiated Chapter 11 plan of reorganization that will reduce the Company’s funded debt obligations by more than $650 million and right-size the Company’s balance sheet for go-forward operations. The Company…