Finance

Alfred Beers, Associate Vice President for Finance Alfred Franklin Beers, a former administrator at Penn who served in a variety of positions, including business manager of the School of Medicine, university comptroller, and associate vice president for finance, passed away peacefully on July 8 from complications of Alzheimer’s disease. He was 87.  Born in East […]

Manama, Bahrain: BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, hosted a delegation from Brunei last month to get acquainted with BENEFIT’s successful payment infrastructure framework. BENEFIT presented their core features and implementation method, including key success factors and challenges, when it comes to instant payments to Brunei’s delegation. This […]

Google’s parent company Alphabet will start trading at a split-adjusted price when markets open Monday morning, July 18, after the tech giant completed its 20-for-1 stock split at market close Friday. Investors who held shares at market close on July 1 were issued an additional 19 shares for each share owned — a onetime “share […]

Inspire Investing LLC purchased a new position in shares of Semtech Co. (NASDAQ:SMTC – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,370 shares of the semiconductor company’s stock, valued at approximately $234,000. A number of other hedge funds and […]

Wirecard forged client data and lied about internal records to secure a €900mn investment from SoftBank that was seen as a vote of confidence in the German payments group after the Financial Times started to raise questions about its business in 2019. Details of the deception, which is central to Munich prosecutors’ criminal case against […]

welcomeinside During the last year and a half, I have written many articles regarding dry bulk shipping companies, especially about Star Bulk Carriers (SBLK) and Diana Shipping (DSX). So far, I hadn’t written anything on another dry bulk industry behemoth, Golden Ocean Group Ltd (NASDAQ:GOGL), which is something that even myself can’t explain. Today, I […]

Shares of Artis Real Estate Investment Trust (OTCMKTS:ARESF – Get Rating) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in […]

In Florida and elsewhere, GOP leaders have sued to tap pandemic funds for tax cuts, defying the Biden administration July 5, 2022 at 6:00 a.m. EDT Florida Gov. Ron DeSantis (R) after signing a $109.9 billion state budget bill that includes pay raises for state workers and law enforcement, as well as tax suspensions on […]

Kuwait: Kamco Invest, a regional non-banking financial powerhouse, acted as the Partial Purchase Offer Manager to Qurain Petrochemical Industries Company (QPIC) in purchasing a 9% stake in Advanced Technology Company’s (ATC). This transaction marks the first acquisition by way of Partial Purchase Offer completed in Kuwait pursuant Module 9 (Merger and Acquisition) of the Executive […]

The founder of ride-sharing group Ola said granting special incentives to Tesla in India was not be in the best interests of the country, as New Delhi works to accelerate the growth of homegrown champions in the electric vehicle sector. Bhavish Aggarwal, the chief executive of SoftBank-backed Ola, is pushing into the country’s nascent electric […]