Shivani Kumaresan | March 7, 2025
Shield AI, a deep-tech firm focused on autonomy software and defense aircraft, has successfully closed a $240 million strategic funding round, raising its valuation to a high of $5.3 billion. The round saw backing from key industry players, such as L3Harris Technologies Inc (NYSE:LHX) and Hanwha Aerospace, along with continued investment from firms like Andreessen […]
Shivani Kumaresan | March 5, 2025
Adidas AG (OTC:ADDYY) has reported fourth-quarter FY24, currency-neutral revenues growth of 19%. In euro terms, the sportswear and sneaker company saw a 24% increase in revenue. It reached 5.97 billion euros ($6.38 billion) — up from 4.81 billion euro in the same quarter in 2023. Robust performances in both footwear and apparel categories boosted sales. […]
Shivani Kumaresan | February 24, 2025
Fresh Del Monte Produce Inc (NYSE:FDP) shares are trading lower in premarket on Monday. The company reported fourth-quarter sales growth of 0.4% year-on-year to $1.01 billion, missing the analyst consensus estimate of $1.03 billion. The increase in net sales was driven by higher net sales in the company’s fresh and value-added products segment, primarily due […]
Shivani Kumaresan | February 5, 2025
3M Company (NYSE:MMM) has declared a dividend of $0.73 per share for the first quarter of 2025, set to be distributed on March 12, 2025. Shareholders on record by the close of business on February 14, 2025, will be eligible to receive the dividend. The dividend is a 4.3% increase from the dividend of $0.70 […]
Shivani Kumaresan | July 15, 2024
BYD Company (OTC:BYDDY), a Chinese new energy vehicle (NEV) manufacturer, reportedly sold 1,084 vehicles in Japan during the first half of 2024. This represents an 88% year-on-year increase, placing BYD at No. 14 in Japan’s automobile import sales rankings, up from No. 19 last year. Despite these gains, BYD’s sales figures remain modest in Japan, […]
Shivani Kumaresan | July 10, 2024
Honeywell International Inc (NASDAQ:HON) has agreed to acquire Air Products And Chemicals, Inc.’s (NYSE:APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This acquisition, which is approximately 13 times the estimated 2024 EBITDA, will significantly enhance Honeywell’s energy transformation offerings. The acquisition will enable Honeywell to offer […]
Shivani Kumaresan | May 6, 2024
TreeHouse Foods Inc (NYSE:THS) shares are trading lower after the company’s first-quarter revenue declined 3.9% and the adjusted EPS missed the consensus. The company reported a first-quarter FY24 sales of $820.70 million, beating the analyst consensus estimate of $797.18 million. The revenue decrease was primarily driven by unfavorable volume/mix due to planned distribution exits primarily in coffee and in-store bakery categories, as […]
Shivani Kumaresan | April 10, 2024
eBay Inc (NASDAQ:EBAY) has entered into a definitive agreement for a series of transactions with Collectors, the parent company of PSA, the third-party authentication and grading provider in the collectibles industry. The agreements include a commercial agreement, the sale of Goldin from Collectors to eBay, and the sale of the eBay vault from eBay to PSA. The financial […]
Shivani Kumaresan | April 4, 2024
Uber Technologies Inc (NYSE:UBER) has entered into a new nationwide partnership with The Vitamin Shoppe, bringing the New Jersey-based health and wellness retailer’s selection to the Uber Eats app. About 700 locations of The Vitamin Shoppe and Super Supplements are now available for ordering on Uber Eats across the U.S. The Vitamin Shoppe and Super Supplements stores offer […]