*Stockholm—*Swedish hybrid-electric airplane manufacturer Heart Aerospace has successfully raised $107 million in Series B funding. This latest round of financing brings the company's total funding to $145 million as it continues to develop its first aircraft, the ES-30. The ES-30 is expected to be certified and ready for service by 2028. A Sustainable Airplane Solution Heart … [Read more...] about Heart Aerospace Raises $107 Million in Series B Funding
Forex News
Clorox Co. Reports Strong Recovery and Sales Growth
Clorox Co. experienced a significant boost in its shares, climbing 6.7% in extended trading on Thursday. The bleach and cleaning products manufacturer has successfully rebounded from last year's cybersecurity attack, which had caused widespread disruption to its operations. Impressive Sales Growth In the fiscal second quarter, Clorox reported sales of $1.99 billion, reflecting … [Read more...] about Clorox Co. Reports Strong Recovery and Sales Growth
Public Property Invest Plans for IPO and Listing in Oslo
Public Property Invest, a Norwegian property owner, is currently preparing for a potential initial public offering (IPO) and listing in Oslo. This move comes as Sweden's SBB holds a significant 44.8% stake in the company. SBB, also known as Samhallsbyggnadsbolaget i Norden, acquired an extensive portfolio of public property including social housing, healthcare facilities, … [Read more...] about Public Property Invest Plans for IPO and Listing in Oslo
Investment Banks Remain Optimistic About U.S. Retail Fuel Margins in 2024
Investment banks are expressing confidence in the strength of U.S. retail fuel margins this year. According to analysts at Raymond James, the average gross rack-to-retail margin in the U.S. was 37 cents per gallon (cts/gal) in January, based on data from OPIS. Although this is a slight decrease from December's 42 cts/gal, the drop is primarily attributed to recent wholesale … [Read more...] about Investment Banks Remain Optimistic About U.S. Retail Fuel Margins in 2024
Tentative Agreement Reached with Four Hotel-Casinos in Downtown Las Vegas
LAS VEGAS — Amidst the excitement of Super Bowl week in Las Vegas, the Culinary Workers Union has made progress in negotiations with several hotel-casinos. A tentative agreement has been reached with Binion's, Four Queens, Fremont, and Main Street, securing the rights of approximately 1,000 workers. However, discussions with the Golden Nugget, Downtown Grand, and Virgin Las … [Read more...] about Tentative Agreement Reached with Four Hotel-Casinos in Downtown Las Vegas
