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By Kylie Madry MEXICO CITY () – Executives of Mexican lender Banorte said on Tuesday it would either sell or fuse year-old fintech Bineo, part of a larger overhaul of the bank’s digital strategy to cut costs and simplify operations. CEO Marcos Ramirez told journalists that Bineo, which lost 289 million pesos ($14.12 million) in…
CMB.Tech ( NYSE: CMBT ) said Tuesday it agreed to acquire Golden Ocean ( NASDAQ: GOGL ) in an all-stock deal that will create one of the world’s largest listed maritime groups with a combined fleet of more than 250 ships. Under the deal terms, the CMB.Tech ( NYSE: CMBT ) shipowning vehicle controlled by…
After sell-offs yesterday, Intel (NASDAQ: INTC) stock rallied in Tuesday’s trading. The semiconductor company’s share price gained 2.8% amid a 2.5% gain for the S&P 500 and a 2.7% gain for the Nasdaq Composite . The stock had been up as much as 4.8% before giving up some of its gains. Bloomberg reported today that…
() — Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter. The move is part of a bid to streamline management and rebuild an engineering-driven culture, the person said, asking…
() — Xiaomi Corp. pushed back the debut of its first sport utility vehicle following a fatal accident involving its marquee electric car, a blow to its ambitions to put pressure on Tesla Inc. and BYD Co. The Chinese company will not start selling the YU7 electric SUV in June or July, its original target,…
(3rd LD) SK hynix-Q1 earnings SEOUL, April 24 (Yonhap) — SK hynix Inc. said Thursday its first-quarter net profit more than quadrupled on rising demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM), exceeding market expectations. The world’s second-largest memory chipmaker said in a regulatory filing that its net income reached 8.1 trillion…
Water control and measure company Badger Meter (NYSE:BMI) in Q1 CY2025, with sales up 13.2% year on year to $222.2 million. Its non-GAAP profit of $1.30 per share was 23.1% above analysts’ consensus estimates. Is now the time to buy BMI? Find out in our full research report (it’s free). Badger Meter (BMI) Q1 CY2025…
HILLSBORO Ore. (KPTV) – Layoffs and cutbacks are reportedly on the horizon for one of Oregon’s largest companies. According to Bloomberg news , Intel is expected to show plans to cut more than 20 percent of its workforce. According to the plan, the layoffs are part of a broader strategy to refocus on engineering culture….
European shares fell on Tuesday as Danish drugmaker Novo Nordisk saw its shares drop 7% after rival Eli Lilly announced positive results from a trial of its obesity drug. The broader market sentiment was also weighed down by U.S. President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, adding pressure to an already jittery…
The revenue increased approximately 42% during the March quarter when compared to the corresponding period of the previous year, whereas the operating profit jumped by 158% year over year. Quarter over quarter, revenues decreased by 11%, with operating profits dropping by 8%. On Thursday, South Korea-based SK Hynix surpassed expectations for both quarterly revenue and…