gorodenkoff June Survey of Business Uncertainty: Sales revenue growth (smoothed) uncertainty over the next four quarters retreated to 3.77% from 3.82% in May. Sales revenue growth expectations have returned to their pre-pandemic average, though “firms remain more uncertain about future sales growth than before the pandemic,” the Atlanta Fed said.Continue Reading
phototechno Consumer healthcare company Haleon (NYSE:HLN) announced an agreement on Wednesday to sell its nicotine replacement therapy (NRT) business outside the U.S. to a subsidiary of the Indian drugmaker Dr. Reddy’s Laboratories (NYSE:RDY). Per the terms, Dr. Reddy’s Laboratories SA, a unit of Dr. Reddy’s (RDY), will buy Haleon’s (HLN)Continue Reading
Amcomri Entertainment (OTCPK:AMNNF) said it has entered into an agreement to sell certain assets of the company utilized for the sale and distribution of television productions through television, streaming and other platforms. The aggregate consideration under the deal is $24.6 million, which consists of cash in the amount of $18.3Continue Reading
vittaya25 American International Group (NYSE:AIG) has agreed to sell its global travel insurance and assistance business to Zurich Insurance Group (OTCQX:ZURVY) for $600 million, including the Travel Guard business and its servicing capabilities, excluding Japan and our AIG joint venture arrangement in India. The total consideration will be paid inContinue Reading
Twelve Seas Investment Company II (OTC:TWLVU) announced that its merger agreement with Crystal Lagoons U.S. Corp and CL Newco and together with Original Crystal was terminated due to the conditions to the closing of the initial business combination not being satisfied or waived by the outside date of May 31, 2024. TheContinue Reading
AdrianHancu Morgan Stanley thinks Tesla (NASDAQ:TSLA) will be an even more important player in the U.S. energy market due to power needs from the AI boom. The firm’s analysis indicates that U.S. data center power usage may be equivalent to the power used by 150 million electric cars by 2030.Continue Reading
Nidar Infrastructure and special purpose acquisition company Cartica Acquisition (NASDAQ:CITE) on Monday said they have entered into a definitive agreement and plan of merger for a business combination. Nidar is India’s data center provider for artificial intelligence and high-performance compute. The pre-transaction equity value of Nidar implied by the businessContinue Reading
MOZCO Mateusz Szymanski/iStock Editorial via Getty Images CBRE Group (NYSE:CBRE) said on Monday that the commercial real estate services and investment company plans to combine its project management business with the unit Turner & Townsend. Turner & Townsend provides program management, cost consultancy and project management services. CBRE is setContinue Reading
Amazon Q is a new generative artificial intelligence (AI)-powered assistant designed for work that can be tailored to your business. Amazon Q can help you get fast, relevant answers to pressing questions, solve problems, generate content, and take actions using the data and expertise found in your company’s information repositoriesContinue Reading
