financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
World >
Market >
Environment >
Technology >
KKR to invest $400 mln in Philippine telecoms tower business
KKR to invest $400 mln in Philippine telecoms tower business
Mar 12, 2024
MANILA, March 13 (Reuters) - Private equity firm KKR & Co ( KKR ) will invest $400 million in telecoms tower operations and expansion in the Philippines, the U.S. Department of Commerce said on Wednesday, among a slew of deals in a $1 billion investment announced in a landmark trade mission. KKR will develop and acquire roughly 2,000 telecoms towers...
Software Company Springbig Banks On Loyalty Programs, Reaps $28.1M Revenue, Shrinks Net Loss With EBITDA Revival
Software Company Springbig Banks On Loyalty Programs, Reaps $28.1M Revenue, Shrinks Net Loss With EBITDA Revival
Mar 12, 2024
In its latest financial disclosure on Tuesday, Springbig ( SBIG ) , a leader in SaaS-based marketing solutions and loyalty programs, reported a modest but noteworthy revenue increase to $6.8 million -1% year-on-year growth for the fourth quarter ending December 31, 2023. This period also saw a notable 10% rise in subscription revenue. The gross profit for the quarter stood at...
Exclusive-Samsung to use chip making tech favoured by SK Hynix as AI chip race heats up, sources say
Exclusive-Samsung to use chip making tech favoured by SK Hynix as AI chip race heats up, sources say
Mar 12, 2024
SEOUL (Reuters) - Samsung Electronics ( SSNLF ) plans to use a chip making technology championed by rival SK Hynix, five people said, as the world's top memory chipmaker seeks to catch up in the race to produce high-end chips used to power artificial intelligence. The demand for high bandwidth memory (HBM) chips has boomed with the growing popularity of...
SingTel looking to sell significant Optus stake to Brookfield - source
SingTel looking to sell significant Optus stake to Brookfield - source
Mar 13, 2024
March 13 (Reuters) - Singapore Telecommunications is in advanced talks with Canadian private equity Brookfield to sell a significant stake in its Australian telecom unit Optus, a source with direct knowledge of the matter told Reuters on Wednesday. SingTel in an exchange filing earlier denied a media report, which stated the telecom firm was in talks with Brookfield to sell...
Personal Finance >
Politics >
Retail >
Business >
Red Cat Wins $1.6 Million in Contracts for Military-Grade Drones
Red Cat Wins $1.6 Million in Contracts for Military-Grade Drones
Oct 10, 2024
08:16 AM EDT, 10/08/2024 (MT Newswires) -- Red Cat Holdings ( RCAT ) said Tuesday it has been awarded $1.6 million in contracts for the military-grade tricopter Edge 130 Blue drones. The contract was coordinated for procurement by the US Defense Logistics Agency on behalf of the US Customs and Border Protection, the company said. Price: 3.1300, Change: +0.03, Percent...
--Apollo Global Invests $1.6 Billion in SCI Capital Partners
--Apollo Global Invests $1.6 Billion in SCI Capital Partners
Oct 10, 2024
08:09 AM EDT, 10/08/2024 (MT Newswires) -- Price: 132.35, Change: -1.88, Percent Change: -1.40 ...
Biglari Capital Calls for Cracker Barrel to Replace Board of Directors
Biglari Capital Calls for Cracker Barrel to Replace Board of Directors
Oct 10, 2024
08:09 AM EDT, 10/08/2024 (MT Newswires) -- Cracker Barrel Old Country Store's ( CBRL ) board of directors needs to be replaced, due to an ongoing decline in the stock's value, according to a letter to shareholders from Biglari Capital, which said it owns 9.3% of the restaurant operator's stock. Cracker Barrel is in perilous times, the letter said. Not...
West Red Lake Gold Reports Latest Drill Results From South Austin Zone, Madsen Mine
West Red Lake Gold Reports Latest Drill Results From South Austin Zone, Madsen Mine
Oct 10, 2024
08:09 AM EDT, 10/08/2024 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) , which lost 2.5% yesterday, on Tuesday reported drill results from its Madsen Mine located in the Red Lake Gold District of northwestern Ontario. The company intersected 37.09 g/t gold over 3.12m and 18.11 g/t gold over 2.76m at South Austin. The results follow on...
Economy >
Cryptocurrency >
GBP/USD: Navigating the Uncertainty of US CPI and FOMC Releases
GBP/USD: Navigating the Uncertainty of US CPI and FOMC Releases
Jun 12, 2024
UK Growth Flatlines, Sterling Hesitant and FTSE Lifts: UK GDP stalls in April, adding to the misery of yesterday’s jobs routSterling Reveals a Slight Reprieve from Recent Bearish Pressure as All Eyes Turn to US CPI, FOMCThe FTSE provided a strong start to the day on news of Rentokil’s new investorsThe analysis in this article makes use of chart patterns...
Metaplanet’s Stock Surges by 10% After Third BTC Purchase
Metaplanet’s Stock Surges by 10% After Third BTC Purchase
Jun 11, 2024
Metaplanet, a Japanese company, announced on June 11 a purchase of 23.351 BTC worth about $1.59 million, elevating its BTC holdings to 141.07, worth $9.6 million. This pro-bitcoin move by Metaplanet triggered a remarkable 10.8% price surge in its publicly traded shares. Metaplanet Buys 23.351 BTC The Tokyo-based company, which has earned the nickname Asias MicroStrategy, announced that following the...
Bitfarms Outlines Defense Plan Against Rival Riot’s Ongoing Takeover Bid
Bitfarms Outlines Defense Plan Against Rival Riot’s Ongoing Takeover Bid
Jun 11, 2024
Bitfarms announced on Monday that its Board of Directors has unanimously approved a shareholder rights plan, effective immediately, to preserve the integrity of its strategic alternatives review process in response to an unsolicited takeover offer from Riot Platforms Inc. The plan, commonly known as a “poison pill,” is intended to prevent any party from gaining control of Bitfarms without providing...
These Two Major Meme Coins Explode Despite Market Dip
These Two Major Meme Coins Explode Despite Market Dip
Jun 12, 2024
TL;DR Despite the cryptocurrency market downturn on June 12, Pepe (PEPE) and Bonk Inu (BONK) saw significant gains, both increasing by 10%. PEPEs daily trading volume surpassed $1.2 billion, outpacing Dogecoin (DOGE) and all other meme coins on that front. Not Like the Rest The cryptocurrency market keeps bleeding today (June 12), with numerous leading digital assets, including Bitcoin (BTC),...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved