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POSCO E&C's KRW 1.5T Thai LNG Deal Win Showcases Design Expertise
ZACKS· 2025-07-17 13:56
Core Insights - POSCO's unit POSCO E&C has secured a KRW 1.5 trillion contract for the Gulf MTP LNG Terminal project in Thailand, enhancing its position in the global LNG sector [1][7] - The project involves constructing two 250,000 cubic meter LNG storage tanks, unloading facilities, and regasification systems with a capacity to process 8 million tons of LNG annually [1][7] - This terminal marks Thailand's first LNG terminal developed through a public-private partnership, led by Gulf Development and PTT Tank Terminal [2] Company Performance - POSCO E&C has a strong track record in Thailand, having executed over 20 projects since 2002, which distinguishes the company in the local construction industry [3] - The recent contract was won amid competition from major global firms from Japan, China, and Lebanon, highlighting POSCO E&C's extensive experience in LNG terminal projects [4] - In the past year, shares of POSCO (PKX) have decreased by 19.8%, while the industry as a whole has seen a decline of 25% [4]
X @Bloomberg
Bloomberg· 2025-07-17 13:49
An industry group that advocates for putting private assets in 401(k)s called for plan administrators to evaluate such investments with the same standards used for traditional ones like stocks and bonds https://t.co/HxB0OFYJRE ...
Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing
Newsfile· 2025-07-17 13:23
Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement FinancingJuly 17, 2025 9:23 AM EDT | Source: Maritime Resources Corp.Toronto, Ontario--(Newsfile Corp. - July 17, 2025) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced brokered "best efforts" private placement offering (the "Offering") of common shares in the capital of the Company ("Offered Securities") for aggregate gross proceed ...
PepsiCo(PEP) - 2025 Q2 - Earnings Call Transcript
2025-07-17 13:15
Financial Data and Key Metrics Changes - The company expects to deliver about 70% more productivity in the second half of the year compared to the first half, with a focus on optimizing cost structures across all business segments [12][14][36] - The North America market integration is anticipated to create significant efficiency and cost reduction opportunities, leveraging technology and data investments [10][11] Business Line Data and Key Metrics Changes - The food business is focusing on stabilizing the category and improving competitiveness within subsegments, with successful initiatives in brands like Cheetos and Doritos [20][21] - The away-from-home business is highlighted as a growth area, with high single-digit growth reported in the beverage segment [26][28] Market Data and Key Metrics Changes - International business is performing well, with mid-single-digit growth expected to continue, particularly in LATAM and parts of Europe, while China shows some weakness [49][50] - The company is seeing strong performance in no-sugar colas and energy drinks, with a focus on expanding these categories globally [74][75] Company Strategy and Development Direction - The company is investing in technology and innovation to enhance productivity and drive growth, particularly in the away-from-home segment [36][37] - There is a strategic focus on permissible snacks and healthier offerings, with a goal to increase market share in these categories [41][58] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in returning to the low end of the long-term growth algorithm, driven by sustained international growth and improvements in North America [54][56] - The company acknowledges challenges in the external environment but remains optimistic about productivity initiatives and market positioning [34][35] Other Important Information - The company is actively working on portfolio transformation, particularly in the permissible snacks category, which has grown to over $2 billion [41][42] - There is a commitment to eliminating artificial ingredients across both food and beverage segments, aligning with consumer preferences for cleaner labels [82] Q&A Session Summary Question: Insights on productivity initiatives and asset footprint - Management discussed multi-year productivity strategies, emphasizing technology investments and cost structure optimization across all business lines [9][10][12] Question: Key initiatives for North America top line improvement - The focus is on stabilizing the food category and improving competitiveness, with specific brand relaunches planned for Lay's and Tostitos [20][21][22] Question: Growth potential of the away-from-home business - Away-from-home is a significant growth opportunity, with higher margins compared to retail, and the company plans to invest more resources in this channel [28][29] Question: Visibility on full-year earnings and reinvestment strategy - Management expressed high confidence in productivity acceleration and outlined plans for reinvestment in technology and value initiatives [34][36] Question: Drivers of international beverage success - The beverage segment is performing well due to strong platforms in no-sugar colas and energy drinks, with a focus on leveraging partnerships and distribution [74][75] Question: Evolution of cleaner ingredients in beverages - The company is committed to following consumer trends towards natural ingredients and is actively working on eliminating artificial components from its products [82] Question: Satisfaction with energy drink strategy - Management sees energy drinks as a growing category and is participating through ownership and distribution strategies, with plans for future innovations [88]
Eco Wave Power Boosts Board Strength with Election of Renowned Risk & Sustainability Expert Hilary Ackermann, Strengthening U.S. Strategy Ahead of Port of LA Project Official Opening
Newsfile· 2025-07-17 13:00
Eco Wave Power Boosts Board Strength with Election of Renowned Risk & Sustainability Expert Hilary Ackermann, Strengthening U.S. Strategy Ahead of Port of LA Project Official OpeningJuly 17, 2025 9:00 AM EDT | Source: Eco Wave Power Global AB (publ)Stockholm, Sweden--(Newsfile Corp. - July 17, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to announce the election of Hilary E. Ackermann to ...
Climb Global Solutions Sets Second Quarter 2025 Conference Call for July 31, 2025 at 8:30 a.m. ET
Globenewswire· 2025-07-17 12:30
EATONTOWN, N.J., July 17, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, July 31, 2025 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025. The Company’s results will be reported in a press release prior to the call. Climb’s management will host t ...
William Hill and Inspired Extend Long-Term Partnership with Enhanced Virtual Sports Experience Through Expanded Retail Rollout
Globenewswire· 2025-07-17 12:30
Core Insights - Inspired Entertainment, Inc. has expanded its long-term partnership with William Hill, enhancing their collaboration in the UK retail betting market [1][5] - The contract extension includes a comprehensive upgrade to William Hill's Virtual Sports offerings, integrating new and upgraded events into their broadcast networks [2][4] - Approximately 300 new Virtual Sports events will be added daily, increasing entertainment and betting opportunities for retail customers [3] Company Overview - Inspired is a leading B2B provider of gaming content, technology, hardware, and services, operating in around 35 jurisdictions worldwide [6] - The company supplies gaming systems and associated terminals for approximately 50,000 gaming machines and virtual sports products through over 32,000 retail venues [6]
Clover Health Appoints Joseph Oldakowski as Vice President of Finance and Controller
Globenewswire· 2025-07-17 12:30
WILMINGTON, Del., July 17, 2025 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (Nasdaq: CLOV) (“Clover Health”), a physician enablement company bringing access to great healthcare to everyone on Medicare, today announced the appointment of Joseph (Joe) Oldakowski as Vice President of Finance and Controller. In this role, Mr. Oldakowski reports to Chief Financial Officer Peter Kuipers and will lead Clover’s corporate accounting, GAAP, SEC, and statutory financial reporting and tax function. Mr. Oldakow ...
Johnson & Johnson receives U.S. FDA Priority Review for TAR-200 NDA in high-risk non-muscle invasive bladder cancer
Prnewswire· 2025-07-17 12:00
New Drug Application supported by results from the Phase 2b SunRISe-1 studyRARITAN, N.J., July 17, 2025 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) today announced that the U.S. Food and Drug Administration (FDA) granted Priority Review to the New Drug Application (NDA) filed for TAR-200, an intravesical gemcitabine releasing system, for the treatment of patients with Bacillus Calmette-Guérin (BCG)-unresponsive high-risk non-muscle invasive bladder cancer (HR-NMIBC) with carcinoma in situ (CIS), with or w ...