David Ramos/Getty Images News Microsoft (NASDAQ:MSFT) reached a €20M (~$21.7M) settlement with cloud association CISPE in Europe, sparing the tech giant from a hefty fine and further EU investigation, Reuters reported, citing people with knowledge of the matter. Cloud Infrastructure Service Providers in Europe (CISPE) accused Microsoft (MSFT) of usingContinue Reading
Joe Hendrickson/iStock Editorial via Getty Images The Consumer Financial Protection Bureau ordered Fifth Third Bank (NASDAQ:FITB) to pay $20M in penalties in addition to compensating ~35,000 harmed consumers, including ~1,000 who had their cars repossessed, for a range of alleged illegal practices, the regulator said on Tuesday. Fifth Third (FITB)Continue Reading
Sean Anthony Eddy Insurance products distributor in China — Fanhua (NASDAQ:FANH) board of directors authorized the expansion share repurchase program by an additional $20M, bringing total authorized repurchase to $40M. As of June 30, 2024, ~726,616 ADS had been repurchased at an aggregate purchase price of ~$5.4M since the inceptionContinue Reading
CytoSorbents (NASDAQ:CTSO) said it has entered into a new $20 million credit facility with Avenue Capital. The proceeds are expected to provide non-dilutive working capital to support the company’s ongoing global CytoSorb franchise in critical care and cardiac surgery. The agreement has an initial term of three years, provides up toContinue Reading
RHJ/iStock via Getty Images Lithium Ionic’s (OTCQX:LTHCF) wholly owned subsidiary, Lithium Ionic Bandeira Corp, has executed a definitive royalty agreement with ANRF LI, an affiliate of Appian Capital Advisory, granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of $20 million. Lithium Ionic (OTCQX:LTHCF) intends to useContinue Reading
