carterdayne/iStock Unreleased via Getty Images British luxury fashion brand Burberry (OTCPK:BURBY) on Monday named Michael Kors boss Joshua Schulman as its new chief executive officer and said it expects to post an operating loss in the first half after a “disappointing” first quarter performance. Burberry (OTCPK:BURBY) also scrapped its dividendContinue Reading
brunocoelhopt/iStock Editorial via Getty Images Chinese EV maker BYD Company (OTCPK:BYDDF) plans to build a massive $1B EV plant in Turkey with an annual capacity of 150,000 vehicles, Turkey’s state-run Anadolu news agency said on Monday. Production is expected to begin at the end of 2026. The plant would includeContinue Reading
Nova Lithium (OTCPK:NVLIF) changed its name from “Nova Lithium Corp.” to “Nova Pacific Metals Corp.” today. At the opening of the market on July 11, 2024, the Company’s common shares will trade on the Canadian Securities Exchange under the new name. In connection with the name change, the Company’s tradingContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Envestnet (NYSE:ENV) rose 2% on a report that buyout firm Bain Capital is in advanced talks to purchase the wealth-management software firm. The price for a deal is around Envestnet’s (ENV) current stock price of around $63 and could be announced as soon as thisContinue Reading
Wildpack Beverage (OTCPK:WLDPF) proposes to complete a debenture restructuring transaction with respect to its outstanding 8.00% convertible unsecured subordinated debentures of ~$45M. The debentures were issued pursuant to a convertible debenture indenture between the company and Computershare Trust Company of Canada dated as of June 30, 2021. The debenture repurchaseContinue Reading
Robert Way BYD (OTCPK:BYDDY) is set to acquire a 20% stake in Rever Automotive, its local distributor in Thailand, Reuters reported Saturday. The Southeast Asian country is the Shenzhen-based EV maker’s largest market outside China. Rever Automotive boasts a showroom network of more than 100, and the company launched BYDContinue Reading
RiverRockPhotos/E+ via Getty Images Lundin Mining (OTCPK:LUNMF) is considering a potential sale of two European zinc mines, as the company seeks to focus on copper in Latin America, Bloomberg reported Thursday. Lundin (OTCPK:LUNMF) reportedly is gauging interest in its Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, the company’sContinue Reading
Burcon NutraScience (OTCPK:BRCNF) on Wednesday announced that Robert Peets will be appointed Chief Financial Officer, effective July 1. Peets will act in a fractional capacity and succeeds Jade Cheng, who has decided to step down as CFO, effective June 30, for a personal hiatus and to pursue new opportunities. Peets currently holds theContinue 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
tomeng A union representing Hyundai Motor (OTCPK:HYMTF) automobile workers in South Korea said members approved a possible strike action. A vote was taken on Monday after negotiations broke down between the automaker and the union over wage increases and an extension of the retirement age. The union said almost 90%Continue Reading
