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
winhorse SoftBank Group (OTCPK:SFTBY) acquired British artificial intelligence chip manufacturer — Graphcore as Japanese tech enthusiast Masayoshi Son accelerates into the AI space. Graphcore was established in 2016 by UK semiconductor veterans and will be included in SoftBank’s (OTCPK:SFTBY) portfolio alongside chip designer Arm. Graphcore’s acquisition will be funded byContinue 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
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
SimonSkafar/iStock via Getty Images Third time’s the charm. London-listed soft drinks maker Britvic (OTCQX:BTVCY) has agreed to a takeover by Danish brewer Carlsberg (OTCPK:CABGY), creating a beverage giant “with a strong platform for continued success.” The move will help Carlsberg (OTCPK:CABGY) diversify outside of the beer market, with an expansionContinue 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
Bjoern Wylezich/iStock Editorial via Getty Images Airbus’s (OTCPK:EADSF) (OTCPK:EADSY) deliveries of commercial planes rose 2% in the first half of the year as compared with a year earlier, Reuters reported Tuesday, citing industry sources. The figure includes about 67 planes handed off to customers in June, lifting the year-to-date totalContinue Reading
Olivier Le Moal Atos’s (OTCPK:AEXAF) (OTCPK:AEXAY) reached an agreement in principle with its bondholders and banks to restructure, according to an announcement. The deal will give creditors control of the French tech company. The company will work with relevant parties to formalizing the agreement, including the lock-up provisions. Atos (OTCPK:AEXAF)Continue 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
