CleanGo Innovations Inc. Subsidiary Kubera Black Technology to Acquire European Pharmaceutical Leader Freia Farmaceutici Srl, Targeting the Global Health Market
Thenewswire· 2025-12-17 08:00
VANCOUVER, BC — December 17th, 2025 — TheNewswire - CleanGo Innovations Inc. (CSE: CGII; OTCQB: CLGOF; FRA: APO) (the "Company" or "CleanGo"), a publicly traded Canadian issuer, is pleased to announce that its wholly-owned subsidiary, Kubera Black Technology Inc. ("Kubera"), on December 16th, 2025 has entered into an arms length non-binding Letter of Intent (LOI) to acquire Freia Farmaceutici Srl ("Freia"). This Proposed Transaction is a significant strategic move intended to expand CleanGo's market presenc ...
iRobot Co-Founder Questions Lack of Outcry Over Company's Sale to China
Youtube· 2025-12-17 07:54
Since its 22 debut, iRobot has sold over 50 million units of the Roomba and remains a household name. For years, though, the company failed to compete effectively on technology and pricing mainly against Chinese rivals and lost market share. Regulators blocked Amazon's $1.7% billion acquisition in 2024 and losses mounted as President Trump's recent tariffs on Vietnam added more pressure. iRobot, the maker of the Roomba robotic vacuum, has filed for a prepackaged Chapter 11 bankruptcy, and the fallout has re ...
Publication of financial reports in 2026
Globenewswire· 2025-12-17 07:52
The annual general meeting of shareholders is scheduled for 30 April 2026. Tiit Atso Chairman of the Management Board +372 674 7400 | 2025 interim report 4Q results | 19.02.2026 | | --- | --- | | 2026 interim report 1Q results | 23.04.2026 | | 2026 interim report 2Q results | 23.07.2026 | | 2026 interim report 3Q results | 22.10.2026 | AS Harju Elekter Group informs that in the year 2026, the consolidated financial results will be published as following: ...
US software firm Freshworks eyes acquisitions with $800 million cash pile, AI in focus
Reuters· 2025-12-17 07:51
U.S. software company Freshworks is exploring acquisitions, including AI firms, backed by more than $800 million in cash, as it aims to boost revenue in the coming years, CEO Dennis Woodside told Reut... ...
UK's EnQuest expects to surpass its 2025 production targets
Reuters· 2025-12-17 07:45
North Sea-focussed oil producer EnQuest said on Wednesday it expects to meet or exceed the upper end of its 2025 output forecast of 40,000–45,000 barrels of oil equivalent per day (boepd) as it steps up expansion in Southeast Asia. ...
Volkswagen battery business PowerCo looking more intensively at external funding
Reuters· 2025-12-17 07:36
Core Insights - Volkswagen's PowerCo is exploring external financing options due to reduced investment from its struggling German parent company [1] Group 1 - PowerCo's CEO indicated that the company is looking more closely at external financing options [1] - The decision comes as the parent company, Volkswagen, reins in its investment [1]
Diageo: Built For Premiumization, With A New CEO And A Clear Path To Recovery
Seeking Alpha· 2025-12-17 07:36
Group 1 - Diageo is currently trading at its lowest levels since early 2012, indicating a potential investment opportunity [1] - The company may recover due to market improvements, accelerated cost savings, and the appointment of a new CEO [1]
CNBC Daily Open: Beauty is in the eye of the U.S. jobs report beholder
CNBC· 2025-12-17 07:30
Core Insights - The November jobs report presents mixed signals about the U.S. economy, with both positive job growth and a higher unemployment rate [1][2][4] Economic Indicators - The unemployment rate increased, attributed to a growing labor force, while job growth in November exceeded estimates [2][4] - The CME FedWatch tool indicates that the probability of interest rate cuts in January remains at 25.5%, reflecting a slight increase from prior to the jobs report [3] Market Reactions - Major U.S. stock indexes showed mixed performance: S&P 500 and Dow Jones fell by 0.24% and 0.62% respectively, while the Nasdaq Composite gained 0.23%, driven by Tesla's stock reaching an all-time high [4]
Alvotech Successfully Places USD 108 Million Senior Unsecured Convertible Bonds in a Significantly Oversubscribed Offering
Globenewswire· 2025-12-17 07:30
Core Viewpoint - Alvotech successfully placed USD 108 million in senior unsecured convertible bonds due 2030, significantly oversubscribed, to fund ongoing R&D investments and support global product launches [2][3][4]. Company Overview - Alvotech is a global biotech company focused on developing and manufacturing biosimilar medicines, with a current pipeline of 30 products under development [2][11]. - The company aims to be a leader in the biosimilar market by providing high-quality, cost-effective products and services [11]. Financial Details - The proceeds from the bond offering will be used to continue investing in R&D, with an expected R&D budget of around USD 250 million in 2026 [2][4]. - The convertible bonds carry a coupon of 6.875%, payable semi-annually, and have a conversion premium set at 25% over USD 4.7379 per share, with an initial conversion price of USD 5.9224 per share [4][5]. Market Position and Strategy - Alvotech is scaling up its production capacity to support four new global product launches through 2026 [2][3]. - The company has formed strategic partnerships to enhance its global reach and leverage local expertise in various markets, including the US, Europe, and Asia [11]. Transaction Timeline - The offering was launched on December 16, 2025, with settlement of the convertible bonds scheduled for December 22, 2025 [6].
Appointment of Laetitia Brun as Chief Human Resources Officer of the Eramet Group, member of the Executive Committee
Globenewswire· 2025-12-17 07:30
Core Viewpoint - Eramet has appointed Laetitia Brun as the new Chief Human Resources Officer, effective February 9, 2026, succeeding Anne-Marie Le Maignan, who is retiring after 22 years with the company [1][6]. Group 1: Leadership Transition - Laetitia Brun brings over 20 years of international HR experience across various industries, including chemicals, metallurgy, infrastructure, and transportation [3][4]. - Anne-Marie Le Maignan joined Eramet in 2003 and held several HR leadership roles, culminating in her position as Group Chief Human Resources Officer in 2020 [2]. Group 2: Laetitia Brun's Background - Brun's most recent role was as Group Chief Human Resources Officer at Seqens, where she was also part of the Executive Committee [4]. - She has held significant HR leadership positions at Rhodia and Solvay, focusing on learning & development, career management, and industrial relations [4][5]. - Brun has experience in leading transformation programs and developing HR strategies in complex, multicultural organizations [5]. Group 3: Company Statements - Paulo Castellari, CEO of Eramet, expressed gratitude to Anne-Marie Le Maignan for her contributions to the company's HR function and talent development [6]. - The company is optimistic about Brun's capabilities in driving transformation and enhancing performance and talent development within the organization [7]. Group 4: Company Overview - Eramet focuses on transforming mineral resources to provide sustainable solutions for industry growth and energy transition challenges [8]. - The company is involved in the recovery and development of essential metals such as manganese, nickel, lithium, and cobalt, contributing to sustainable infrastructure and technology [9].