Author: Bella Hayes

LONDON – Tullow Oil (LON:) PLC, an independent oil and gas exploration company, has confirmed that it is engaged in preliminary discussions with Kosmos Energy Ltd (NYSE:) regarding a potential all-share takeover bid. This confirmation comes in response to recent media speculation about the possible offer. The company has emphasized that there is no certainty that any offer will be made, nor as to the terms of any potential offer. Investors are advised that these discussions are at an early stage, and further announcements will be made as appropriate. Under the rules of the City Code on Takeovers and Mergers,…

In a remarkable display of market confidence, Insulet (NASDAQ:) Corporation’s stock (PODD) has achieved a new 52-week high, with shares peaking at $279.42. According to InvestingPro analysis, the company maintains strong financial health with liquid assets exceeding short-term obligations and operates with moderate debt levels. This significant milestone underscores the company’s robust performance over the past year, which is further reflected in an impressive 1-year change, showing a 35.55% increase. The company’s strong financial position is evidenced by its sufficient cash flows to cover interest payments and consistent profitability over the last twelve months. Investors have responded positively to Insulet’s…

WILDLIGHT, FL / ACCESSWIRE / December 12, 2024 / Rayonier (NYSE:), a leading timberland real estate investment trust, is pleased to announce the award of $144,125 in grants to 46 local organizations serving Nassau County and North Florida. This year’s grants, distributed through the Rayonier Community Fund, will support a diverse range of impactful programs, including those focused on education, environmental conservation, cultural enrichment, civic engagement, and health and human services. “Rayonier is committed to strengthening the communities where we live and work,” said Rayonier Senior Vice President and Chief Financial Officer April Tice. “These organizations are the backbone of…

Investing.com — Uber Technologies Inc (NYSE:) is positioned for strong growth across its core businesses, helped by rising margins, expansion in delivery operations, and robotaxi partnerships, says TD (TSX:) Cowen. Shares up more than 3% premarket. Uber’s core Mobility business is projected to grow in the low- to mid-teens year-over-year on geographic expansion, especially into less dense markets with limited rideshare coverage. Uber noted that about half of the U.S. market remains underpenetrated. Delivery operation is growing helped by grocery and other verticals, which reached a $7 billion run-rate earlier this year, along with increased frequency, basket size, and membership in…

Gevo (NASDAQ:), with a mission to convert renewable energy and biogenic carbon into sustainable fuels and chemicals, operates one of the largest dairy-based renewable facilities in the U.S. and the first production facility for specialty alcohol-to-jet fuels and chemicals. While the company reported revenue growth of 16.59% in the last twelve months, InvestingPro analysis indicates challenges with profitability, showing negative EBITDA of $75.61 million. The company also tracks and verifies its carbon footprint through its subsidiary, Verity. For deeper insights into Gevo’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which…

Meta, the parent company of Facebook (NASDAQ:), has confirmed a $1 million donation to the inaugural fund of President-elect Donald Trump. This move comes on the heels of a meeting between Meta CEO Mark Zuckerberg and Trump at Mar-a-Lago two weeks prior. The Wall Street Journal was the first to report on this contribution. The donation marks a significant shift in Meta’s stance towards Trump, particularly in light of the company’s decision to ban him from its platforms nearly four years ago following the January 6, 2021, Capitol riot. This change in approach is seen as Zuckerberg’s effort to take…

(Reuters) – A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah. World Liberty Financial Inc, founded by the Witkoff family two months before November’s U.S. election with Trump as a financial beneficiary, presents concerns over ethics and conflicts of interest, say six specialists in U.S. government ethics. Among their biggest concerns is World Liberty’s new partner: Tron crypto platform. Quicker and cheaper than , the Tron…

Investing.com – The US dollar has been one of the main beneficiaries of the events of this year, but BCA sees the peaking in 2025, weighed by coordinated policies to limit its strength. At 06:05 ET (11:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 106.280. However, the index is over 5% higher so far this year, helped by US growth outperformance as well as the threat of tariffs in the wake of Donald Trump’s victory in the year’s presidential election. “However, odds are rising that the trade-weighted US dollar…

Hod Hasharon, Israel, Dec. 12, 2024 (GLOBE NEWSWIRE) — Allot Ltd. (NASDAQ: NASDAQ:) (TASE: ALLT), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, today announced that Asahi Net, a broadband provider in Japan, and Allot have signed an agreement for Asahi Net to  adopt the newly announced SG-Tera III multiservice platform. Asahi Net was the first Allot customer in the world to implement the SG-Tera II in 2021 and will be the first customer of Allot to implement the new SG-Tera III which, at 2.8 Tbps of traffic throughput,…

CAIRO – Orascom Investment Holding S.A.E. (OIH), a prominent investment company based in Cairo, has announced the approval of its consolidated financial statements for the period ending September 30, 2024. The decision was taken during a board meeting by circulation on December 11, 2024, under the leadership of Chairman Eng. Naguib Onsi Sawiris. The board, comprising members with various executive and non-executive roles, ratified the Audit Committee’s report alongside the Auditor’s report on the financial statements for the specified period. Additionally, the Board of Directors’ report on the company’s activity for the same period received approval. In the meeting, Mr.…