Workflow
Globenewswire
icon
Search documents
Vow ASA: Contract of EUR 27 million awarded for equipment deliveries to four newbuilds
Globenewswire· 2026-02-23 16:05
Oslo, 23 February 2026: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship have received a purchase order from a major European shipyard of EUR 27 million. This order covers equipment for four new build Cruise vessels. The vessels are a continuation of an existing platform. Equipment deliveries have been agreed for four confirmed vessels under the contract. Deliveries will start in April 2027 for the first vessel and continue for sister vessels throughout 2029. The first vessel is scheduled to enter ope ...
Walmart Warns of “Hiring Recession” as Michael S. Eisenga, CEO of First American Properties, Highlights Deepening Cracks in a K-Shaped U.S. Economy
Globenewswire· 2026-02-23 16:04
COLUMBUS, Wis., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Mounting evidence suggests the U.S. economy is entering a more fragile and bifurcated phase, as major corporations, institutional investors, and market insiders signal rising concern over consumer strength, labor market stability, and equity valuations. Walmart, a company that has benefited from high-income consumers trading down during the recent difficult economy, has now raised concerns about what it calls a “hiring recession.” The unusual corporate use o ...
PriDe IV Exceeds Expectations, Becoming Cohen & Company Asset Management's Largest European Vintage to Date at €481.5 Million
Globenewswire· 2026-02-23 16:00
PARIS, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) today announced that its controlled subsidiary, Cohen & Company Financial (Europe) S.A. (“CCFESA”), has successfully completed the second and final closing of its PriDe IV funds, with total commitments of €481.5 million. PriDe IV is the latest vintage in a series of funds focused on investing in Tier II capital instruments issued by small and mid-sized insurance companies with limited access to capital markets. The PriDe Pro ...
FLSmidth announces changes to the Executive Leadership Team; Qasim Abrahams appointed President, Products Business Line
Globenewswire· 2026-02-23 16:00
PRESS RELEASE FLSmidth & Co. A/S 23 February 2026 Copenhagen, Denmark FLSmidth & Co. A/S (FLSmidth) today announces that Qasim Abrahams has been appointed President, Products Business Line, effective immediately, succeeding Julian Soles, who will leave the company. In addition, Alanas Kraujalis is appointed interim President, Service Business Line.This announcement follows the recent appointment of Toni Laaksonen as CEO of FLSmidth. Under Toni’s leadership the company is set to leverage its strengthened fou ...
OKYO Abstract Selected for Presentation at Premier Global Ophthalmology Congress
Globenewswire· 2026-02-23 16:00
LONDON and NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- OKYO Pharma Limited (Nasdaq: OKYO), a clinical-stage biopharmaceutical company developing investigational therapies for the treatment of neuropathic corneal pain (NCP) and for inflammatory eye diseases, today announced that its abstract has been accepted for presentation at the Association for Research in Vision and Ophthalmology (ARVO) 2026 Annual Meeting, taking place May 3-7, 2026, in Denver, Colorado. Chief Scientific Officer Raj Patil, Ph.D., will ...
CAVU Consumer Partners Promotes Jared Jacobs to Managing Partner
Globenewswire· 2026-02-23 16:00
LOS ANGELES, Feb. 23, 2026 (GLOBE NEWSWIRE) -- CAVU Consumer Partners (“CAVU”), a leading investment firm focused on the branded consumer sector, today announced the promotion of Jared Jacobs to Managing Partner. Jacobs, who joined the firm in 2017, will join Co-Founders Brett Thomas and Rohan Oza as Managing Partners of the firm. In this expanded role, he will continue to lead investments across the pet, human nutrition, and wellness verticals while helping shape CAVU’s investment strategy as the firm ente ...
Akamai Secures Critical Infrastructure with Agentless Zero Trust Segmentation Powered by NVIDIA
Globenewswire· 2026-02-23 16:00
Akamai Guardicore Segmentation and NVIDIA BlueField integration ends the long-standing trade-off between advanced security and system performance for energy, manufacturing, and transportation sectorsCAMBRIDGE, Mass., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Akamai (NASDAQ: AKAM) has announced a new solution powered by NVIDIA to protect most vital systems from increasingly sophisticated cyberattacks. By combining Akamai Guardicore Segmentation software with NVIDIA BlueField Data Processing Units (DPU), the companie ...
Photronics Reschedules First Quarter 2026 Earnings Conference Call to February 27, 2026
Globenewswire· 2026-02-23 15:42
BROOKFIELD, Conn., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, today announced that because of inclement weather affecting logistics, its previously scheduled earnings conference call for the first quarter of fiscal 2026, originally set for 8:30 a.m. Eastern time on Wednesday, February 25, 2026, will be rescheduled to 8:30 a.m. Eastern time on Friday, February 27, 2026. The Company will release its financial results for the f ...
Kyndryl Holdings Sued For Securities Fraud; Investors Should Contact Block & Leviton to Recover Losses
Globenewswire· 2026-02-23 15:26
Core Viewpoint - A securities fraud lawsuit has been filed against Kyndryl Holdings, Inc. and certain executives following a significant drop in share price due to internal accounting issues and executive departures [1][2]. Group 1: Company Issues - Kyndryl Holdings' shares fell over 50% in intraday trading on February 9, 2026, after the company announced an internal accounting review and a delay in filing its quarterly report [2]. - The internal review focuses on cash management practices, related disclosures, and internal control over financial reporting, prompted by document requests from the SEC [2]. - Kyndryl does not expect a restatement of its financials but anticipates reporting material weaknesses in internal control over financial reporting for FY25 and the first three quarters of FY26 [2]. Group 2: Lawsuit Details - The lawsuit alleges that Kyndryl made false and misleading statements regarding its financial statements, internal controls, and the timely filing of its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. - It is claimed that Kyndryl lacked adequate internal controls and materially understated issues related to them, leading to misleading statements about the company's business and prospects [3]. Group 3: Investor Information - Investors who purchased Kyndryl Holdings common stock between August 7, 2024, and February 9, 2026, may be eligible to participate in the lawsuit, regardless of whether they have sold their shares [4]. - The deadline to seek appointment as lead plaintiff is April 13, 2026, and a class has not yet been certified [5]. Group 4: Whistleblower Information - Individuals with non-public information about Kyndryl Holdings are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [6]. Group 5: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
Rubico Inc. Announces Agreement to Acquire an ECO MR Product Tanker Newbuilding with Time Charter Employment and Potential Gross Revenue Backlog of about $75 million
Globenewswire· 2026-02-23 15:24
Core Viewpoint - Rubico Inc. has announced an agreement to acquire 100% of a Marshall Islands company that is a counterparty to a shipbuilding contract for a new medium-range oil tanker, with delivery scheduled for 2029 [1][2]. Group 1: Acquisition Details - The acquisition involves a purchase price of approximately $4.2 million for the shares of the Special Purpose Vehicle (SPV) [4]. - The transaction was approved by a special committee of independent board members, and a fairness opinion was obtained from an independent financial advisor [4]. Group 2: Financing Arrangements - The effectiveness of the shipbuilding contract is contingent upon the issuance of a customary refund guarantee and the conclusion of financing arrangements [2]. - The SPV is finalizing a lease financing agreement with ABC Financial Leasing Co., Ltd., which will cover the majority of the shipbuilding contract's price [2]. Group 3: Revenue Potential - A time charter employment has been secured with a major oil trader for the vessel, starting from its delivery for a firm duration of seven years, with an option to extend for four additional years [3]. - The total potential gross revenue backlog from this charter contract, including optional years, is estimated to be around $75 million [3]. Group 4: Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in vessel ownership and operation [5]. - The company operates two modern, fuel-efficient Suezmax tankers and is incorporated in the Marshall Islands with executive offices in Athens, Greece [5].