Magnachip CEO steps down amid strategic overhaul; Camillo Martino named interim chief

SEOUL: Magnachip Semiconductor Corporation (NYSE: MX) announced Monday that CEO YJ Kim has stepped down from his role and from the Board of Directors, effective immediately. Camillo Martino, Chairman of…

NNR August 12, 2025

Wire

Pennington Creek Capital acquires majority stake in Rite in the Rain

DALLAS: Pennington Creek Capital, LLC, a Dallas-based private equity firm wholly owned by the Chickasaw Nation, announced Tuesday a majority equity investment in Rite in the Rain, a Tacoma, Washington-based…

NNR August 12, 2025

Wire

Datasite acquires Blueflame AI

MINNEAPOLIS: Datasite, a global SaaS provider of AI-powered workflow collaboration and automation solutions for mergers and acquisitions (M&A), investment, and strategic projects, has acquired Blueflame AI, a leading developer of…

NNR August 12, 2025

Wire

Ford to invest $2 billion in Kentucky plant for affordable EVs

LOUISVILLE: Ford Motor Co. said Monday it will invest $2 billion in its Louisville Assembly Plant to accelerate production of affordable electric vehicles, marking a major step in the automaker’s…

NNR August 11, 2025

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Xpand raises $6 million to launch AI-powered autonomous retail stores

TEL AVIV: Xpand, a retail technology startup developing autonomous, AI-powered stores, announced Monday it has raised $6 million in a funding round led by Ibex Investors and Emerge. The company’s…

NNR August 10, 2025

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Datasite acquires Sourcescrub to expand AI-powered M&A platform

MINNEAPOLIS: Datasite, a global software-as-a-service provider specializing in artificial intelligence-powered solutions for mergers and acquisitions, announced today it has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows. The…

NNR August 9, 2025

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Yango Group makes first investment in Pakistan, backs logistics fintech Trukkr

Yango Group, a UAE-based technology company, has entered the Pakistani startup ecosystem with its first investment in the country, acquiring a stake in Trukkr, a fintech platform focused on digitizing…

NNR August 9, 2025

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International Bancshares Corporation posts higher Q2 earnings on strong loan growth, interest income

For the six months, net income rose to $197.0 million compared to $194.3 million last year LAREDO: International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in…

NNR August 7, 2025

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Honda’s Q1 operating profit plunges 50% amid U.S. tariffs, strong yen

TOKYO: Honda Motor Co. reported a 50% drop in first-quarter operating profit on Wednesday, missing analyst expectations as U.S. auto tariffs and a stronger yen weighed on earnings. The Japanese…

NNR August 6, 2025

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Douglas Emmett swings to Q2 loss, announces plan for major office-to-residential conversion

REIT reports higher revenue but lower funds from operations, narrows 2025 guidance Douglas Emmett Inc. (DEI.N) on Wednesday reported a net loss of $6 million for the second quarter of…

NNR August 6, 2025

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Nine Energy Service reports Q2 revenue at upper end of guidance despite market headwinds

The company posted a net loss of $10.4 million HOUSTON: Nine Energy Service, Inc. (NYSE: NINE) reported second-quarter 2025 revenue of $147.3 million, landing at the upper end of its…

NNR August 6, 2025

Wire

AMD Misses Earnings Estimates Despite Strong AI and Gaming Growth

SAN FRANCISCO: Advanced Micro Devices Inc. reported second-quarter earnings Tuesday that narrowly missed Wall Street expectations, sending shares down about 4% in after-hours trading. The chipmaker posted adjusted earnings per…

NNR August 5, 2025