BEIJING, June 05, 2025 (GLOBE NEWSWIRE) -- Yuanbao Inc. (“Yuanbao” or the “Company”) (NASDAQ: YB), a leading technology-driven online insurance distributor in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial and Operational Highlights Total revenues in the first quarter of 2025 were RMB970.1 million (US$133.7 million), representing a 43.8% increase from RMB674.5 million in the same period of 2024.Net income in the first quarter o ...

Core Insights - Duluth Trading Company reported a net loss of $15.3 million for the fiscal first quarter ended May 4, 2025, compared to a net loss of $7.9 million in the same period last year, indicating a significant decline in profitability [7][28] - The company is focusing on business simplification and enhancing brand awareness to drive shareholder value and return to profitable growth [8][5] Financial Performance - Net sales decreased by 12.0% to $102.7 million from $116.7 million in the prior year [9] - Direct-to-consumer net sales fell by 17.1% to $62.6 million, while retail store net sales decreased by 2.6% to $40.2 million [9] - Adjusted EBITDA decreased by $5.6 million to $(3.8) million, representing (3.7%) of net sales [7] - Gross profit margin decreased by 80 basis points to 52.0%, with gross profit declining to $53.4 million from $61.6 million [10] Cost Management - Selling, general and administrative expenses decreased by 6.9% to $65.7 million, but as a percentage of net sales, these expenses increased to 64.0% from 60.5% [11] - The company has initiated expense savings measures to right-size its business [7] Balance Sheet and Liquidity - The company ended the quarter with cash and cash equivalents of $8.6 million and net liquidity of $44.6 million [12] - Total current liabilities increased to $156.9 million from $128.6 million in the prior year [26] Management Strategy - The new CEO, Stephanie Pugliese, emphasized the need for decisive actions to simplify the business and focus on core strengths, including product innovation and customer service [8] - The company is committed to optimizing its product sourcing and fulfillment center network [8] Fiscal Outlook - Duluth Trading is maintaining its previously issued fiscal 2025 financial guidance, with updates to be provided as the macroeconomic environment changes [13]

Core Points - AS Silvano Fashion Group proposed a resolution to shareholders for an extraordinary general meeting without convening the meeting [1] - The notice of the general meeting was published on May 13, 2025, across multiple platforms including NASDAQ OMX Tallinn and the Warsaw Stock Exchange [2] Voting Summary - The extraordinary general meeting was eligible to pass resolutions as 9 shareholders voted, representing 21,357,414 votes or 59.33% of the total share capital [3] - The resolution passed included the appointment of Ernst & Young Baltic AS as the auditor for the economic activities of AS Silvano Fashion Group for 2024 [3] - The voting results were as follows: For: 20,452,955 votes (56.81%), Against: 15,547,045 votes (43.19%), Impartial: 0 votes (0.00%) [4]

Core Viewpoint - LyondellBasell (LYB) has entered into an agreement for the sale of select olefins and polyolefins assets in Europe to AEQUITA, marking a significant step in its strategic transformation towards value creation and focus on circular and renewable solutions [1][2]. Group 1: Transaction Details - The assets to be sold include integrated and non-integrated sites located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain) [1][2]. - The agreement is structured as a put option deed, allowing AEQUITA to enter into a purchase agreement if LyondellBasell exercises its option after certain consultation processes [3][4]. - The closing of the transaction is expected in the first half of 2026, pending completion of employee consultation processes and regulatory approvals [4]. Group 2: Strategic Implications - The transaction is part of LyondellBasell's strategy to "Grow and Upgrade our Core," emphasizing safe and reliable operations while supporting stakeholders [2]. - LyondellBasell aims to maintain its presence in Europe with a focus on profitable leadership in circular and renewable solutions post-transaction [2]. - AEQUITA views the acquisition as a means to expand its industrial footprint, leveraging the operational foundation and experienced workforce of the acquired sites [3]. Group 3: Company Backgrounds - LyondellBasell is a leader in the global chemical industry, focusing on sustainable living solutions and enabling a circular economy [6]. - AEQUITA is a Munich-based industrial group with a portfolio generating over EUR 3.5 billion in revenues, specializing in corporate carve-outs and transformational situations [7][8].

Transaction finalized with issuance of 125,000 preferred MEME Coin shares; token transfer confirmed on BSCScanMesquite, June 05, 2025 (GLOBE NEWSWIRE) -- June 5, 2025 – Mesquite, NV — Dogecoin Cash Inc. (OTC: CBDS) announced today that its wholly owned subsidiary, MEME Coins Inc., has successfully closed the acquisition of 1 billion DogeCoin Cash (CRYPTO:DOG) from Tipestry Inc., a social blockchain company. The transaction, which was completed yesterday, involved the issuance of 125,000 preferred shares of ...

Dassault Aviation partners with Tata Advanced Systems to manufacture Rafale fighter aircraft fuselage for India and other global markets First-ever Rafale fuselage production in IndiaDedicated manufacturing facility to be set up in Hyderabad (Saint-Cloud, Mumbai, June 5, 2025) - Dassault Aviation and Tata Advanced Systems Limited have signed four Production Transfer Agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country’s aero ...

Core Insights - Capgemini has become the Official Technology Partner for the Tour de France and Tour de France Femmes avec Zwift until 2029, focusing on driving innovation in professional cycling through technology and AI [2][5][8] Group 1: Partnership Details - The partnership includes 14 international cycling events, such as La Vuelta, Paris-Roubaix, and five standalone women's races, enhancing the global cycling community [2][4] - Capgemini will leverage its expertise in digital innovation and AI to support these events over the next five years, aiming to enhance performance insights and engage fans [5][6] Group 2: Impact on Fan Engagement - In 2024, the Tour de France achieved over 1 billion TV viewed hours across 190 countries, with nearly 100 million website visits and 1.6 billion social media impressions, indicating a strong fan engagement potential [5] - The partnership aims to promote new digital solutions to enhance the fan experience and engage new communities [8][9] Group 3: Capgemini's Broader Strategy - This partnership expands Capgemini's sports sponsorship portfolio, emphasizing technological innovation and high performance [6][7] - Capgemini operates in over 50 countries, targeting regions with strong cycling fanbases, which will help promote the cycling events internationally [6][10]

Core Points - Wolters Kluwer has repurchased 225,452 of its own ordinary shares for €35.2 million at an average price of €155.93 during the period from May 29 to June 4, 2025 [2] - The total cumulative shares repurchased in 2025 to date amount to 2,750,306 shares, with a total consideration of €427.5 million and an average share price of €155.43 [3] - The company plans to repurchase shares up to €1 billion during 2025 as part of its share buyback program announced on February 26, 2025 [2][3] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion for 2024 and operates in over 40 countries, employing approximately 21,600 people [6] - The company provides professional information solutions, software, and services across various sectors including healthcare, tax, accounting, legal, and corporate compliance [5] - Wolters Kluwer is listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [7]

Core Points - Oculis Holding AG held its 2025 Annual General Meeting on June 4, 2025, where all agenda items were approved by shareholders [1] - The company reported a standalone statutory financial loss of CHF 5,179,000 for the financial year ended December 31, 2024, with an accumulated balance sheet loss of CHF 46,577,000 to be carried forward [2] - The Board of Directors and Executive Committee received discharge for their activities in 2024 [2] Board and Compensation - Anthony Rosenberg was re-elected as chairperson of the Board of Directors, along with the re-election of other board members and the Compensation Committee [3] - PricewaterhouseCoopers SA was re-elected as Statutory Auditors, and PST Legal AG was re-elected as Independent Proxy [3] - Shareholders approved the compensation for non-executive members of the Board of Directors and the Executive Committee, along with a non-binding advisory vote on the 2024 Compensation Report [4][8] Capital and Share Issuance - A capital band of 27,266,837 registered shares was approved, resulting in a capital band between CHF 545,336.74 and CHF 818,005.11 [5] - Conditional share capital for employees and individuals in comparable positions was approved, allowing for the issuance of 12,480,000 registered shares with a maximum amount of CHF 124,800 [6] Company Overview - Oculis is a global biopharmaceutical company focused on innovations for ophthalmic and neuro-ophthalmic diseases, with a pipeline including OCS-01 for diabetic macular edema, OCS-05 for acute optic neuritis, and OCS-02 for dry eye disease [7]

Group 1 - Royal Philips announced a dividend exchange ratio of 1 new common share for every 23.6353 existing common shares, based on a volume weighted average price of EUR 20.0600, resulting in a gross dividend in shares of approximately EUR 0.85 [1] - A total of 22,980,748 new common shares will be issued as part of the dividend distribution [1] - Shareholders had the option to choose between a dividend in shares or cash, with 41.4% opting for cash, which is below the 50% maximum threshold [2] Group 2 - The delivery of new common shares and payment of cash dividends will occur from June 6, 2025, with the total issued share capital reaching EUR 192,584,026, equivalent to 962,920,132 common shares [3] - Royal Philips generated sales of EUR 18 billion in 2024 and employs approximately 67,200 people across more than 100 countries [5] - The company is a leader in health technology, focusing on diagnostic imaging, ultrasound, image-guided therapy, monitoring, and personal health solutions [5]