Delivers Double-Digit Percentage Revenue Growth In Each Operating Segment; On Track To Deliver Record Annual Revenues in 2022 Third quarter 2022 revenue of $1.4 billion increased 33.0 percent over third quarter 2021. Net income improved to $88.8 million, or $3.50 per diluted share. On a non-GAAP basis, third quarter 2022 net income was $96.4 million,… Continue reading ArcBest Announces Solid Third Quarter 2022 Results
Tag: M and A
Construction machinery giant Kobelco selects IFS Cloud for greater agility and customer responsiveness
Global construction equipment manufacturer opts for IFS solution to transform business performance of entire supply chain LONDON, Nov. 1, 2022 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that Kobelco Construction Machinery CO., LTD. (Kobelco Construction Machinery), the global leader in construction equipment, has selected IFS Cloud™ to improve their ability to respond… Continue reading Construction machinery giant Kobelco selects IFS Cloud for greater agility and customer responsiveness
Construction machinery giant Kobelco selects IFS Cloud for greater agility and customer responsiveness
Global construction equipment manufacturer opts for IFS solution to transform business performance of entire supply chain LONDON, Nov. 1, 2022 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that Kobelco Construction Machinery CO., LTD. (Kobelco Construction Machinery), the global leader in construction equipment, has selected IFS Cloud™ to improve their ability to respond… Continue reading Construction machinery giant Kobelco selects IFS Cloud for greater agility and customer responsiveness
Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round
BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ — Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182 million in the second signing of its Series E funding round. NEOM – the Red Sea’s smart, cognitive region project – and GLy Capital Management of Hong Kong have joined Volocopter’s diverse investor base. This… Continue reading Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round
@niche: INEOS signs agreement with Plastic Energy for its largest plant to produce 100,000 tonnes of raw materials from plastic waste002285
The agreement follows a collaboration between both companies to explore the construction of a commercial scale plant which began in 2020. The recycled material has already been successfully converted into virgin-quality polymer through the INEOS cracker at Köln, Germany, and used by selected customers and brands. As well as reducing the risk of plastic pollution… Continue reading @niche: INEOS signs agreement with Plastic Energy for its largest plant to produce 100,000 tonnes of raw materials from plastic waste002285
Microsoft now implies that it will support Call of Duty on PlayStation forever
Earlier this year, Sony PlayStation boss Jim Ryan said that Microsoft’s promise to support Call of Duty on PlayStation for three more years was “inadequate on many levels.” Now in comments to the gaming podcast SameBrain, Xbox chief Phil Spencer appears to have extended that timeframe to forever, or at least as long as PlayStation… Continue reading Microsoft now implies that it will support Call of Duty on PlayStation forever
Q3 Takes: Ford, GM Address Supply Chain, Production & Inventory
SECTION 45W of IRA offers tax credits for the purchase of EVs such as the Ford Lightning Pro. Those credits are distinguished from consumer credits. Photo: Chris Brown Parts availability, component production, semiconductor shortages, and supply chain logistics continue to affect vehicle output, but these dynamics aren’t getting worse. That was one of the takeaways… Continue reading Q3 Takes: Ford, GM Address Supply Chain, Production & Inventory
SaaS unicorn Icertis secures $150m funding from Silicon Valley BankIt has raised the money through a revolving credit facility and convertible financi…
SaaS startup Icertis, which develops cloud-based software to help large companies manage contracts, has raised $150 million through a revolving credit facility and convertible financing from US-based Silicon Valley Bank, it announced on Monday. In a statement, Icertis said the funds will enable it to accelerate the application of transformational technologies like artificial intelligence, machine… Continue reading SaaS unicorn Icertis secures $150m funding from Silicon Valley BankIt has raised the money through a revolving credit facility and convertible financi…
Asia Digest: Singapore, India set to introduce digital currencies
The Singapore government has partnered with DBS to create digital Singapore dollars, while India’s central bank has launched a pilot for digital rupees for the wholesale market. SG Govt, DBS launch digital currency DBS, in partnership with Open Government Products (OGP), a Singapore government initiative, is creating programmable digital Singapore dollars (DSGD). The banking behemoth… Continue reading Asia Digest: Singapore, India set to introduce digital currencies
GM CEO Mary Barra details the ‘tremendous opportunity’ in China – Yahoo Finance
Despite hiccups with supply shortages and COVID-related shutdowns, General Motors (GM) CEO Mary Barra is bullish on the China marketplace. “We still think there’s tremendous opportunity there,” Barra said at Yahoo Finance’s All Markets Summit in an interview with Editor-in-Chief Andy Serwer. GM reported a bounceback in China sales for Q3 of this year, where… Continue reading GM CEO Mary Barra details the ‘tremendous opportunity’ in China – Yahoo Finance