DETROIT, July 25 (Reuters) – General Motors (GM.N) lifted its full-year profit guidance on Tuesday, in large part because it plans to invest less in new products and cut operating costs by an additional $1 billion through the end of next year. GM said net income for the second quarter rose by nearly 52% to… Continue reading GM puts profit ahead of growth, veering away from Tesla
Tag: Strategy
Great Rock Capital Closes $31.7 Million Term Loan Facility with SMG Industries, Inc.
Capital to support strategic acquisition WESTPORT, Conn., July 25, 2023 /PRNewswire/ — Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced today the closing of a $31.7 million senior secured term loan facility with SMG Industries, Inc. (“SMGI”), a publicly traded company (OTCQB: SMGI). SMGI is a growth-oriented transportation services… Continue reading Great Rock Capital Closes $31.7 Million Term Loan Facility with SMG Industries, Inc.
Wyndham Signs 60 New ECHO Suites Hotels Across the U.S. and Canada
New multi-unit deals with established developers expand ECHO Suites’ presence in Alabama, Iowa, Nebraska and South Dakota while launching the brand in Canada PARSIPPANY, N.J., July 25, 2023 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels across more than 95 countries, today announced 60 new hotels for… Continue reading Wyndham Signs 60 New ECHO Suites Hotels Across the U.S. and Canada
United’s Sustainable Flight Fund Grows to Nearly $200 Million and Adds Strategic Partners
In just five months, the United Airlines Ventures Sustainable Flight Fund SM increased in size to nearly $200 million and welcomes American Express Global Business Travel, Aramco Ventures, Aviation Capital Group, Bank of America, Boston Consulting Group, Groupe ADP, Hawaiian Airlines, and JetBlue Ventures Fund was launched in February to rally businesses and consumers to support the supply… Continue reading United’s Sustainable Flight Fund Grows to Nearly $200 Million and Adds Strategic Partners
Jet Support Services, Inc. (JSSI) Appoints Ben Hockenberg to Chief Operating Officer
JSSI Parts & Leasing President Brings Full Integration to All Maintenance Support Areas CHICAGO, July 25, 2023 /PRNewswire/ — Jet Support Services, Inc. (JSSI), the largest independent provider of maintenance support and financial tools to the business aviation industry, today announced the appointment of Ben Hockenberg as Chief Operating Officer. In his new role, Hockenberg will… Continue reading Jet Support Services, Inc. (JSSI) Appoints Ben Hockenberg to Chief Operating Officer
LAZYDAYS ANNOUNCES ACQUISITION OF BUDDY GREGG RVS
TAMPA, Fla., July 25, 2023 /PRNewswire/ — Lazydays (NasdaqCM: LAZY) has completed the acquisition of Buddy Gregg RVs & Motor Homes in Knoxville, Tennessee. This acquisition strengthens our presence in the Knoxville market and more than offsets the loss of our Maryville store which will be closed due to the expansion of the Alcoa Highway… Continue reading LAZYDAYS ANNOUNCES ACQUISITION OF BUDDY GREGG RVS
Europa Wire: Bentley Advancing Life Chances Strategy: Over 150 Grants Donated to UK Charities and Plans for Further Community Investments 000695
Bentley’s Advancing Life Chances Strategy: Over 150 Grants Donated to UK Charities and Plans for Further Community Investments (IN BRIEF) Bentley, as part of its new Advancing Life Chances (ALC) strategy, has launched a community investment programme to support charities and good causes across the UK. Through the Small Grants Programme, Bentley has already donated… Continue reading Europa Wire: Bentley Advancing Life Chances Strategy: Over 150 Grants Donated to UK Charities and Plans for Further Community Investments 000695
Pertamina, Petronas to pay up to $650m for Shell’s Masela gas stakePertamina Hulu Energi will take 20% and Petronas Masela will take 15% in the projec…
Indonesia’s Pertamina and Malaysia’s Petronas signed an agreement with Shell on Tuesday to buy its 35% stake in the Masela natural gas fields for up to $650 million, moving the project forward after years of delay. Pertamina Hulu Energi will take 20% and Petronas Masela Sdn Bhd will take 15% in the project, the companies… Continue reading Pertamina, Petronas to pay up to $650m for Shell’s Masela gas stakePertamina Hulu Energi will take 20% and Petronas Masela will take 15% in the projec…
Malaysia’s COPE PE acquires stake in business services firm CC International
Kuala Lumpur-based COPE Private Equity has acquired a stake in professional services company CC International Bhd for a consideration of approximately RM30 million ($6.55 million), according to the latter’s filing with Bursa Malaysia. The private equity firm has acquired 93.5 million shares of CC International as part of the transaction, per the filing. In a… Continue reading Malaysia’s COPE PE acquires stake in business services firm CC International
@Tata-JLR: JLR PROFITABILITY CONTINUES TO IMPROVE WITH ITS BEST Q1 CASHFLOW ON RECORD
JLR’s Reimagine strategy is delivering a sustainability-rich vision of modern luxury by design. We are transforming our business to become carbon net zero across our supply chain, products, and operations by 2039. We have set a roadmap to reduce emissions across our own operations and value chains by 2030 through approved, science-based targets. Electrification is… Continue reading @Tata-JLR: JLR PROFITABILITY CONTINUES TO IMPROVE WITH ITS BEST Q1 CASHFLOW ON RECORD