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X @Bloomberg
Bloomberg· 2025-07-01 13:19
Russia’s state-owned nuclear power company is in talks to sell a 49% stake in the $25 billion power plant it’s building in Turkey https://t.co/6IApdUnIOS ...
Update on closing timetable for sale of MacGregor
Globenewswire· 2025-07-01 09:15
Core Points - Hiab Corporation announced an update on the closing timetable for the sale of its MacGregor business to funds managed by Triton, with the transaction subject to regulatory approvals [1] - Regulatory approvals have been obtained from various jurisdictions, including the European Union, but approval from the Chinese State Administration for Market Regulation (SAMR) is still pending [2] - The closing of the transaction is now expected by 1 October 2025, which is later than the initially expected date of 1 July 2025 [2] - MacGregor has been reported as part of discontinued operations since the fourth quarter of 2024, and the updated closing timetable is not expected to have a significant financial impact on the company [3] Company Overview - Hiab is a leading provider of smart and sustainable on-road load handling solutions, with a commitment to delivering the best customer experience [3] - The company has a global presence with an extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries [3] - Hiab's continuing operations sales in 2024 totaled approximately EUR 1.6 billion, and the company employs over 4,000 people [3]
Oliveda International, Inc. (OLVI) Subsidiary Olive Tree People Canada Inc. Brings Its Waterless Beauty to Canada in July 2025
Globenewswire· 2025-07-01 00:39
Core Insights - Oliveda International, Inc. is experiencing rapid growth in the waterless beauty sector, with Olive Tree People USA Inc. achieving sales of up to $4 million per day in 2024 and expanding its consultant base to over 60,000 within two years [1][3] - The company is set to expand globally with the establishment of subsidiaries in Canada and Europe, starting with Olive Tree People Canada Inc. in July 2025 and Olive Tree People Europe AG in October 2025 [2] - Waterless beauty is identified as the fastest-growing segment in the beauty industry, valued at over $22 billion, with Oliveda's sales reaching $105 million in its second year, growing 600% faster than competitors like Beautycounter [3][4] Company Strategy - The CEO, Thomas Lommel, emphasizes a direct-to-consumer sales model as the key to success, allowing for better education and engagement with customers through Waterless Glow workshops [4] - The company aims to educate consumers about the benefits of waterless beauty, contrasting it with conventional cosmetics, and offers a 365-day satisfaction guarantee to encourage trial and repeat purchases [4] - Oliveda's valuation has surpassed $1 billion, with a focus on conservation and sustainability, having saved over 31,000 ancient olive trees [4][5] Product and Market Position - Oliveda International, Inc. and its subsidiaries have over 20 years of experience in organic certification and the production of waterless beauty products derived from olive trees [5] - The brand's unique treatment concepts have been validated by conventional medicine and have garnered attention from major publications, positioning waterless beauty as "The Next Big Thing" [8] - The company is also involved in social responsibility initiatives, providing water to communities in Africa through its foundation [6]
X @Bloomberg
Bloomberg· 2025-07-01 00:25
UK shop prices rose for the first time in almost a year, with supermarkets in particular hurt by higher taxes and wholesale costs https://t.co/dLSRKFd0bK ...
X @Bloomberg
Bloomberg· 2025-06-30 11:16
Nintendo pulled its products from Amazon's US site after a disagreement over unauthorized sales https://t.co/rCCFXfB1OH ...
X @Xeer
Xeer· 2025-06-30 11:05
'@LoshmiOnChain has made his bold prediction of 635M fdv at launch for @yapyo_arb on @arbitrum.If his prediction comes true:Top 100 - will make $635,000Top 1000 - will make $317,500FCFS - will make $105,833Easy 6 figs for anyone who is able to join the yapyo presale. You already know what happens next 😂. ...
X @Bloomberg
Bloomberg· 2025-06-30 07:42
Swedish retail sales fell the most in more than two decades last month, increasing pressure on the country’s central bank to lower rates again https://t.co/oZ6dnP2XDH ...
X @Bloomberg
Bloomberg· 2025-06-29 17:05
On this episode of the Big Take podcast, @AvatarRandall joins @davidgura to break down the Buss family's sale of the LA Lakers to Dodgers owner Mark Walter and why America’s wealthiest families seem to be getting out of the game https://t.co/b9hHfUuhMC https://t.co/wDb8IFe3yj ...
X @The Economist
The Economist· 2025-06-29 14:03
Job cuts, slumping sales, bankruptcies. Auto suppliers are struggling. But it’s not all doom and gloom https://t.co/lnEGzCdw9G ...
Jeff Bezos in monster multi-billion Amazon stock sale
Finbold· 2025-06-29 09:50
Core Points - Jeff Bezos plans to sell $5.4 billion worth of Amazon shares, specifically 25 million common shares, with the transaction scheduled for June 27, 2025 [1][4][5] - The sale is part of a broader trading strategy that will continue until May 29, 2026, and follows Amazon's first-quarter earnings report showing a 9% revenue growth to $155.7 billion and a profit of $17.1 billion [4][6] - Bezos currently holds approximately 9.6% of Amazon's outstanding shares and has sold over $13 billion worth of stock in 2024 alone to fund various ventures [5][6] Company Performance - Amazon's stock is performing well, remaining above the $200 mark, with a recent increase of 2.85% to $223 [7] - Year-to-date, Amazon's stock has risen approximately 1.4% [7] - Wall Street analysts are optimistic, with an average 12-month price target of $243.24, indicating a potential upside of 12.03% [7]