Rytoriacap acquires ASC Engineered Solutions’ Blossburg Foundry

BLOSSBURG: Rytoriacap Inc. ("Rytoria"), a North American leader in circular metal processing and recycling, has acquired ASC Engineered Solutions' foundry and associated facilities in Blossburg, Pennsylvania, the companies announced Thursday.…

NNR June 27, 2025

Wire

US inflation rate rose to 2.7% in May, more than expected

Fed eyes summer trajectory as inflation cools, consumption contracts WASHINGTON: Inflation crept higher in May but showed further signs of deceleration, reinforcing expectations that the Federal Reserve may keep interest…

NNR June 27, 2025

Wire

UK production of new cars and commercial vehicles dropped 32.8% in May

LONDON: U.K. vehicle production fell sharply for a fifth consecutive month in May, reaching its lowest level since 1949 outside of the COVID-19 pandemic, as trade pressures and factory changes…

NNR June 27, 2025

Wire

SWARM Biotactics raises €13 million to deploy AI-driven insect swarms for mission-critical operations

KASSEL: SWARM Biotactics, a developer of insect-based bio-robotic systems, has raised €10 million ($10.7 million) in seed funding to scale its intelligent swarm technology for use in defense, security and…

NNR June 24, 2025

Wire

Middle east aviation crisis: Airlines reroute flights amid U.S.-Iran tensions

With Hormuz in jeopardy, flight paths shift and policymakers face new economic headaches Aviation networks across the Middle East are navigating a volatile new normal as U.S. illegal strikes on…

NNR June 23, 2025

Wire

Which markets are opening up? MSCI’s 2025 accessibility report uncovers critical trends

Ireland, Greece, and Korea show progress, while China and Turkey face persistent barriers MSCI Inc. has released its 2025 Global Market Accessibility Review, highlighting a year marked by significant reforms…

NNR June 19, 2025

Wire

Canada threatens escalated counter-tariffs on U.S. steel and aluminum imports

Canada weighs stronger trade retaliation as U.S. steel and aluminum imports face 50% tariffs, industry braces for impact OTTAWA: Canada may impose higher counter-tariffs on U.S. steel and aluminum imports…

NNR June 19, 2025

Wire

CloudKeeper hits $200m revenue, expands cloud cost optimization leadership

SAN FRANCISCO: CloudKeeper, a top cloud cost optimization and FinOps firm, reported $200 million in annualized revenue and $20 million in EBITDA for the last fiscal year, marking 50% year-over-year growth. The milestone solidifies its position…

NNR June 19, 2025

Wire

Fox Corp acquires Mexico’s Caliente TV

NEW YORK: Fox Corp. said Thursday it has acquired Caliente TV, a Mexican sports broadcasting platform, in a move aimed at strengthening its sports content and expanding its streaming footprint…

NNR June 19, 2025

Wire

Worthington Enterprises acquires Elgen Manufacturing for $93 million

COLUMBUS: Worthington Enterprises (NYSE: WOR) announced Wednesday it has acquired Elgen Manufacturing, a New Jersey-based producer of HVAC components, for approximately $93 million in cash. Elgen, headquartered in Closter, specializes…

NNR June 19, 2025

Wire

QXO proposes $5 billion all-cash acquisition of GMS Inc. at 27% premium

NEW YORK: QXO, Inc. (NYSE: QXO) announced Thursday it has submitted a proposal to acquire all outstanding shares of GMS Inc. (NYSE: GMS) in an all-cash transaction valued at approximately…

NNR June 19, 2025

Wire

Buss Family agrees to sell majority stake in Los Angeles Lakers for $10 billion

https://youtube.com/shorts/rbByku9S6qA?si=k1gydloRU8q9jNVL LOS ANGELES: The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to businessman Mark Walter in a deal that values the storied NBA…

NNR June 19, 2025