The two-time CEO of leading hotel chains will accelerate RateGain’s efforts to drive deeper into the enterprise market of the Americas DALLAS, Aug. 7, 2023 /PRNewswire/ — RateGain Travel Technologies Limited, a global provider of SaaS solutions for travel and hospitality, today announced the appointment of Peter Strebel as its new President to lead the Americas… Continue reading RateGain announces the appointment of Peter Strebel as its New President for the Americas
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Garmin signs purchase agreement to acquire JL Audio, a highly regarded audio solutions manufacturer
Acquisition brings premium audio integration across a broad range of Garmin markets and products OLATHE, Kan., Aug. 7, 2023 /PRNewswire/ — Garmin Ltd. (NYSE: GRMN), today announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and… Continue reading Garmin signs purchase agreement to acquire JL Audio, a highly regarded audio solutions manufacturer
Tesla names insider Taneja CFO as Kirkhorn steps down
A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File Photo Aug 7 (Reuters) – Tesla (TSLA.O) finance chief Zachary Kirkhorn has stepped down after four years in the role, the world’s most valuable automaker said on Monday and appointed accounting head Vaibhav Taneja in his… Continue reading Tesla names insider Taneja CFO as Kirkhorn steps down
Hospital PMI® at 53.3%; July 2023 Hospital ISM® Report On Business®
TEMPE, Ariz., Aug. 7, 2023 /PRNewswire/ — Economic activity in the hospital subsector grew in July for the second consecutive month after one month of contraction preceded by 35 consecutive months of growth, say the nation’s hospital supply executives in the latest Hospital ISM® Report On Business®. The report was issued today by Nancy LeMaster, MBA,… Continue reading Hospital PMI® at 53.3%; July 2023 Hospital ISM® Report On Business®
BetMGM Announces Kentucky Market Access Agreement with Revolutionary Racing
Sports betting leader to expand to 27th market with mobile and retail offerings JERSEY CITY, N.J., Aug. 7, 2023 /PRNewswire/ — BetMGM, a leading sports betting and iGaming operator, and Revolutionary Racing Kentucky (RRKY) announced today a new market access agreement allowing BetMGM to bring its online and retail sports betting platform to Kentucky once… Continue reading BetMGM Announces Kentucky Market Access Agreement with Revolutionary Racing
HK’s de facto ‘sovereign wealth fund’ seeks talent to manage its $7.9b capital poolHKIC is still said to be in search of a CEO to helm the company.
The Hong Kong Investment Corporation Limited (HKIC), wholly owned by the Hong Kong government, is looking for investment professionals, including a chief executive officer (CEO), to lead its capital pool of approximately HK$62 billion ($7.9 billion). HKIC, which is viewed by many as the special administrative region’s parallel to Singapore’s Temasek Holdings, recently posted the… Continue reading HK’s de facto ‘sovereign wealth fund’ seeks talent to manage its $7.9b capital poolHKIC is still said to be in search of a CEO to helm the company.
India: After Zomato, SoftBank-backed Meesho turns profitable
Indian social commerce player Meesho on Monday said it has turned profitable, helped by a rise in order value and a drop in expenses. The company said it has attained profitability at a consolidated PAT (profit after tax) level, encompassing all costs (including ESOP), across all its divisions and categories. In the last 12 months,… Continue reading India: After Zomato, SoftBank-backed Meesho turns profitable
Private equity firm KKR reports lower-than-expected 23% drop in Q2 earnings
Private equity firm KKR & Co Inc said on Monday its second quarter after-tax distributable earnings fell 23% year-on-year as growth in management and transaction fees could not offset a slump in asset sales. After-tax distributable earnings fell to $652.6 million from $851.2 million a year earlier. That translated to after-tax distributable earnings per share… Continue reading Private equity firm KKR reports lower-than-expected 23% drop in Q2 earnings
Viasat Receives Over $80M in Development Awards for Multi-Function AESAs Across Warfighting Domains
CARLSBAD, Calif., Aug. 7, 2023 /PRNewswire/ — Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it has received awards totaling over $80 million to develop Active Electronically Scanned Array (AESA) systems for ground, maritime, and space applications. AESA, a type of phased array antenna that offers greater flexibility and resilience to support military platforms, is… Continue reading Viasat Receives Over $80M in Development Awards for Multi-Function AESAs Across Warfighting Domains
RateGain announces results for Q1FY24; Records its Biggest Quarter in Revenue Growth and Triples PAT YoY
DALLAS, Aug. 7, 2023 /PRNewswire/ — RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the hospitality and travel industry, today announced its financial results for Q1 FY24 ending on June 30, 2023, reporting robust revenue growth and improving profitability as the companies continue to build on a record year last… Continue reading RateGain announces results for Q1FY24; Records its Biggest Quarter in Revenue Growth and Triples PAT YoY