General Electric (GE) announced the completion of its management team for its power generation business, which is set to be spun out as a separate company in the coming months. Ken Parks Joins as CFO of GE Vernova Ken Parks has been appointed as the Chief Financial Officer (CFO) of GE Vernova, the company's power-generation business. Parks, who previously held the position of … [Read more...] about General Electric Completes Management Team for Power Generation Business
Forex News
Instacart Files for IPO
Maplebear, operating under the brand name Instacart, has officially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. As a leading online grocery shopping company, Instacart connects consumers with their retail partners, serving 7.7 million monthly active orderers. The company offers various services such as Instacart Marketplace, … [Read more...] about Instacart Files for IPO
Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
European Central Bank President, Christine Lagarde, emphasized the commitment to combat inflationary pressures in the eurozone during her speech at the annual symposium in Jackson Hole, Wyo. She stressed the need to adjust monetary policy in the face of a changing and uncertain global environment. In light of these challenges, Lagarde highlighted the importance of adopting an … [Read more...] about Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
3M Co. Close to $5.5 Billion Settlement over Defective Earplugs
3M Co. is reportedly nearing a $5.5 billion settlement in relation to defective combat earplugs, as reported on Sunday. The company is close to resolving more than 300,000 lawsuits related to earplugs that failed to adequately protect military veterans from hearing loss. Experts had predicted that 3M could be held liable for approximately $10 billion, so the proposed settlement … [Read more...] about 3M Co. Close to $5.5 Billion Settlement over Defective Earplugs
Hawaiian Electric Shares Surge After Preemptively De-Energizing Power Lines Prior to Maui Wildfire
Shares of Hawaiian Electric experienced a significant surge in premarket trading on Monday following the company's announcement that its power lines were de-energized hours before the devastating Maui wildfire, which tragically claimed the lives of over 100 individuals. The utility company, based in Honolulu, revealed that their records indicate a power outage of more than six … [Read more...] about Hawaiian Electric Shares Surge After Preemptively De-Energizing Power Lines Prior to Maui Wildfire
