US apparel and footwear giant VF has agreed to sell its Dickies brand to Bluestar Alliance for $600m in cash. Owner of brands such as The North Face and Vans, VF has been working to stabilise its business after experiencing difficulties across several of its brands. The transaction, expected to close by the end of 2025, is expected to reduce VF's debt levels and support its growth on a pro-forma basis, according to VF president and CEO Bracken Darrell. He stated: "Dickies is an iconic American workwear ...

Norwegian energy company Equinor has secured two permits from the Norwegian Offshore Directorate (NOD) to drill wildcat wells in the North Sea. The permits cover wellbore 34/4-19 S in production licence 057 and wellbore 34/6-9 S in production licence 554, with planned spud dates in September for the latter and October 2025 for the former. Production licence 057, awarded in 1979, is operated by Equinor with a stake of 31%. Other partners in this licence include Petoro (30%), Harbour Energy Norge (24.5%), ...

TSS, Inc. (NASDAQ: TSSI ) has benefited from a partnership with one of the largest technology companies to address the excess demand for data center rack assembly. This business has low added value, reflected in itsMy name is María Fernanda and I'm currently studying an MBA. My inspiration investors are Warren Buffett, Peter Lynch and Terry Smith, so I look for quality companies at a reasonable valuation. I believe that, in the long term, fundamentals are what drive the share price, so I look to predict wha ...

Thunes, a global payments network, has announced the rollout of real-time cross-border payments into Saudi Arabia. The company noted that using its Direct Global Network, Thunes’ members can now facilitate instant payouts directly to bank accounts and wallets in the Kingdom in Saudi Riyals (SAR), enhancing transaction efficiency for both individuals and businesses. This development aligns with Saudi Arabia's financial sector transformation under Vision 2030, responding to the increasing demand for rapid ...

The U.S. government’s recent investment in Intel Corp. INTC could lead to unintended inefficiencies in the global semiconductor industry, according to a report by Fitch Ratings.US Stake In Intel May Create Inefficiencies, Boost Chip ToolmakersThe U.S. government’s equity investment in Intel could potentially create “unintended inefficiencies” for the semiconductor industry, Fitch Ratings warned in a recent report. The report, however, suggested that this might not have a broad negative impact on the credit ...

Shares of Webtoon Entertainment Inc WBTN rose sharply in pre-market trading after announcing a partnership with The Walt Disney Co. DIS to build a digital comics platform that will bring together decades of Marvel, Star Wars, Pixar and Disney titles.Webtoon Entertainment shares jumped 47.8% to $22.12 in the pre-market trading session.Here are some other stocks moving in pre-market trading.GainersFGI Industries Ltd FGI shares gained 185.2% to $11.32  in pre-market trading.Conifer Holdings Inc CNFR gained 136 ...

The Australia and New Zealand (ANZ) Banking Group has been subjected to a substantial penalty of A$240m ($160m) after acknowledging significant regulatory breaches within its government bond operations and retail banking services. This fine is part of a settlement with the Australian Securities and Investments Commission (ASIC) that addresses multiple investigations into the bank's conduct. The penalties include A$85m related to ANZ's function as duration manager during a 2023 issuance of ten-year Treasu ...

Google has inaugurated a new data centre in Waltham Cross, Hertfordshire, as part of a £5bn ($6.8bn) investment in the UK, aimed at bolstering its AI infrastructure. The facility, which was opened by UK Chancellor Rachel Reeves, is set to enhance the capacity of Google's AI-driven services, including Cloud, Search, Workspace, and Maps. Its construction involved more than 250 companies, predominantly local. Google’s investment encompasses spending on capital projects, research, and engineering over two ye ...

Vietnamese airline VietJet is set to take delivery of its first Boeing 737 MAX aircraft more than nine years after placing an order, company and state documents show, as Hanoi continues talks with the... ...

These factors could lead to a rising stock price sooner rather than later.Realty Income (O -0.32%) has stood out for its business model. The real estate investment trust (REIT) specializes in single-tenant, net-leased properties. This means the tenant assumes responsibility for maintenance, insurance, and property taxes, providing the company with steady revenue streams.It leases such properties to some of the country's best-known companies, helping to bolster its nearly 99% occupancy rate on approximately ...