HOUSTON, June 7, 2021 /PRNewswire/ — McDermott International, Ltd today announced that Lee McIntire, an independent director on the McDermott Board of Directors, will assume the responsibilities of interim Chief Executive Officer effective immediately. David Dickson, Chief Executive Officer, has decided to resign. “Lee is a strategic and pragmatic leader,” said Nils Larsen, Lead Director. “He… Continue reading McDermott Announces Leadership Change
Tag: Financial Results
Should India print more money to boost economy?
The RBI is also pumping in huge amounts of liquidity through various operations. The Covid pandemic has ravaged lives & livelihoods across India. The periodic lockdowns since March of 2020 have taken a toll on several sectors. The promising signs of economic recovery after the first wave ran into a brutal second wave and a… Continue reading Should India print more money to boost economy?
BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
BorgWarner Inc. BWA recently announced the completion of the tender offer for shares of AKASOL AG, making the company the owner of 89.08% of AKASOL’s outstanding shares. BorgWarner has paid roughly 648 million euros to settle the arrangement, with the purchase price being 120 euro per tendered AKASOL share. The transaction will be funded primarily… Continue reading BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
BorgWarner Completes Tender Offer For 89% Stake in AKASOL
Multinational automotive supplier BorgWarner (BWA) announced that it has completed the tender offer to buy 89.08% of the outstanding shares of AKASOL. AKASOL designs and manufactures customizable lithium-ion battery systems for buses, commercial, rail, and industrial vehicles, as well as for ships and boats. The company has paid approximately €648 million from its current cash… Continue reading BorgWarner Completes Tender Offer For 89% Stake in AKASOL
China EV Maker Betting on Cult Status to Sell a Million Cars
(Bloomberg) — Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500. The Hongguang Mini is the brainchild of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC Motor… Continue reading China EV Maker Betting on Cult Status to Sell a Million Cars
An asset manager nicknamed ’50 Cent’ made $1.1 billion on bitcoin in 5 months — and could place more crypto bets in the future
50 Cent. Money (Music Video) | 50 Cent Music An asset manager nicknamed “50 Cent” made a $1.1 billion profit on bitcoin in five months. Ruffer invested about $600 million in November and cashed out the last of its coins in April. The firm warned that younger people could lose interest in crypto once lockdowns… Continue reading An asset manager nicknamed ’50 Cent’ made $1.1 billion on bitcoin in 5 months — and could place more crypto bets in the future
Apptopia, Braze, and Skyscanner Release Trends and Predictions for Travel and Hospitality Industry
NEW YORK, June 7, 2021 /PRNewswire/ — Braze, a comprehensive customer engagement platform, today revealed findings from its newest data report, Ready for Takeoff: 2021 Travel Industry Trends, Insights, and Strategies. The research includes findings from a survey of 9,500 consumers across 13 global markets conducted by Wakefield Research, which explored COVID-19’s impact on consumer behavior,… Continue reading Apptopia, Braze, and Skyscanner Release Trends and Predictions for Travel and Hospitality Industry
Seamlessly Manage Your Company’s Apple Devices With Jamf Now
The benefits of providing smart devices for company employees are proven, even for small businesses. According to a 2016 Frost & Sullivan report, smartphone usage increases employee productivity by 34 percent. The even better news? The cost. A $500 device investment for an employee who earns $50,000 per year is roughly one work hour per… Continue reading Seamlessly Manage Your Company’s Apple Devices With Jamf Now
Wyndham Invites Travelers to Earn Up to Three Free Nights This Summer
“Enthusiasm for travel is shifting into high gear, with eager travelers mapping out a summer full of bucket-list getaways, weekend road trips and everything in between,” said Eliot Hamlisch, EVP, Loyalty and Revenue Optimization at Wyndham Hotels & Resorts. “As they do, they can count on Wyndham and our hotels to be ready to welcome… Continue reading Wyndham Invites Travelers to Earn Up to Three Free Nights This Summer
Magal Security Systems’ Senstar Division Awarded Integrated Perimeter Security at Major Asian Airport
YEHUD, Israel, June 7, 2021 /PRNewswire/ — Magal Security Systems, Ltd. (NASDAQ: MAGS), a leading international provider of comprehensive physical, video, and access control security products and solutions, as well as critical site management, announced today that its Senstar division, a world leader in perimeter intrusion detection and video management solutions, has been awarded a multi-million… Continue reading Magal Security Systems’ Senstar Division Awarded Integrated Perimeter Security at Major Asian Airport