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By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup presses ahead with the first major artificial intelligence listing in New York this year. The filing lays the groundwork for what could be one of the biggest stock market flotations in recent years and comes as the IPO market springs into action after the seasonal February lull. Roseland, New Jersey-based CoreWeave, along with some existing shareholders, will sell shares in the proposed offering. The company is likely to target raising…
(Reuters) -Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported on Sunday, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said. Shell and Morgan Stanley declined to comment. Potential buyers could include private equity firms and Middle Eastern entities seeking to expand their Western presence, according to the newspaper. The review is in its early stages and Shell has not yet made any definitive decisions regarding a potential sale, the Journal reported,…
(Reuters) – Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. Prada and Capri – also owner of brands including Jimmy Choo and Michael Kors – could finalise a deal for Versace in March, the report said, citing unnamed sources. Talks between the two companies are progressing after initial due diligence did not show any risks, Bloomberg reported, adding that the timing and deal value could change and discussions could still fall apart.…
PARIS, March 13, 2025–(BUSINESS WIRE)–Regulatory News: Carmila (Paris:CARM) acknowledges the decision of the French Competition Authority, which brings an end to the exemption period regarding the takeover of Galimmo’s shopping galleries, finalised today. In accordance with the conclusions of the Competition Authority, Carmila will initiate discussions with potential buyers to proceed with the disposal of the Villers Semeuse shopping gallery in 2025. This site, covering an area of 4,761 sqm and comprising 20 units, represents less than 0.2% of the Group’s asset portfolio and rental income. This decision is in line with the Group’s expectations and will have no significant…
30,000 tons a year of green hydrogen supplied to TotalEnergies’ Leuna refinery 300,000 tons a year of CO2 emissions prevented at the Leuna refinery The largest green hydrogen contract with an electrolyzer in Germany PARIS, March 12, 2025–(BUSINESS WIRE)– In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for fifteen years, beginning in 2030. The green hydrogen will be produced by a 300 MW electrolyzer, built and operated by RWE…
Park Hospitality Holdings Receives Award Honoring Corry Oakes, OTO Development’s Co-Founder and CEO; Additional Owners, Operators and Developers Received Honors CHICAGO, March 10, 2025–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) announced the renaming of its Strategic Partner award to The Corry Oakes Strategic Partner Award, honoring the legacy of OTO Development’s co-founder and CEO who passed away unexpectedly in 2022. This award, as well as additional honors including two new categories, Purpose & Care and Operational Excellence, were presented at Grand Hyatt Baha Mar during Hyatt’s 2025 Americas Owners Conference. The theme of the conference, Business is Personal, was reflected throughout…
NTT’s annual summit to cover what it means to innovate in a new reality shaped by AI News Highlights: Upgrade 2025 to explore the impact of AI on a range of technologies transforming our present and future under the overarching event theme of “Innovation for the New Reality.” The two-day event to be held on April 9-10, 2025, at the Metreon City View in San Francisco will feature multiple keynotes and panel discussions, anchored by an EXPO showcasing more than 25 exhibits. Topics to be covered during presentations at Upgrade 2025 include IOWN (Innovative Optical and Wireless Network), photonic devices…
SAN ANTONIO, March 10, 2025–(BUSINESS WIRE)–ArchPoint Group, Inc., the parent company of Acadian Crossing Consumer Products, LLC, is pleased to announce it has entered into definitive agreements to acquire a 50% equity interest in NatureStar North America, LLC, an innovative company renowned for its Matter® brand portfolio of environmentally friendly compostable and regenerative consumer products. This strategic acquisition adds the Matter® portfolio of products to Acadian Crossing’s offerings and provides Acadian Crossing with access to NatureStar North America’s cutting-edge material science innovation, research and development of globally certified biopolymers and biofiber technology, a vertically integrated supply chain, established operations, and…
TOKYO, March 10, 2025–(BUSINESS WIRE)–Kaname Capital (“We,” “Our,” “Us”) submitted an open letter on February 18th with eight questions of concern regarding the MBO announced by PROTO Corporation (“PROTO Corporation” or “the Company”) by its founder, Chairman Yokoyama. In the spirit of “fair disclosure,” we requested PROTO Corporation publish its response to our questions by 5 p.m. on February 28. Although a response was sent directly to us by the deadline, we have not publicly confirmed the Company’s reply until today.1 Despite our intention to make any new information contained on the Company’s reply to our open letter available to…
Tour 2025 Presented by Snapdragon, will see Manchester United return to the US for the third consecutive year, joining Premier League Summer Series for the first time The round-robin series features three fixtures, with United set to face West Ham in New Jersey (26 July), AFC Bournemouth in Chicago (30 July) and Everton in Atlanta (3 August) MANCHESTER, England, March 09, 2025–(BUSINESS WIRE)–Manchester United plc (NYSE: MANU), will return to the US for pre-season preparations this July and August as part of the Premier League’s Summer Series. The announcement of United’s participation in the Summer Series was delivered live…