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Excel Corporation Reports 2017 First Quarter Results

May 15, 2017 21:40 pm UTC| Business

IRVING, Texas, May 15, 2017 -- Excel Corporation (OTCQB:EXCC), a leading provider of integrated financial and transaction processing services to merchants throughout the United States today reported its consolidated...

Excel Corporation Reports 2017 First Quarter Results

May 15, 2017 21:40 pm UTC| Business

Hemispherx Biopharma Announces Financial Results for the Three Months Ended March 31, 2017

May 15, 2017 21:24 pm UTC| Business

PHILADELPHIA, May 15, 2017 -- Hemispherx Biopharma (NYSE MKT:HEB) announced its financial results for the three months ended March 31, 2017. The net loss was approximately $2,821,000 or ($0.11) per share as compared to...

Former Midland National CEO William Rigsbee Passes Away

May 15, 2017 21:18 pm UTC| Business

SIOUX FALLS, S.D., May 15, 2017 -- Former Midland National® Life Insurance Company President and Chief Executive Officer William A. Rigsbee passed away on May 1, 2017. Rigsbee joined Midland National in 1961, retiring...

Flux Power Doubles Sales of Lithium-Ion Forklift Batteries in Q3 ‘17; Posts Updated Presentation to Website

May 15, 2017 21:16 pm UTC| Business

VISTA, Calif., May 15, 2017 -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground support equipment, today...

Accelerate Diagnostics Announces Closing of $79.3 Million Upsized Offering

May 15, 2017 21:14 pm UTC| Business

TUCSON, Ariz., May 15, 2017 -- Accelerate Diagnostics, Inc. (Nasdaq:AXDX) announced the closing of its previously announced underwritten public offering of 2,750,000 shares of its common stock today, upsized from the...

Financial Institutions, Inc. Announces Commencement of Common Stock Offering

May 15, 2017 21:14 pm UTC| Business

WARSAW, N.Y., May 15, 2017 -- Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), the parent company of Five Star Bank, Scott Danahy Naylon, LLC and Courier Capital, LLC, today announced that it has commenced an...

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Economy

Mother of All Deals: India & EU Seal Historic FTA After 20 Years

India and the European Union have agreed on January 27, 2026, a historic free trade agreement (FTA) covering almost two decades of on-and-off negotiations starting in 2007 and failing in 2013 due to market access and...

Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated

The Bank of England is widely expected to keep its benchmark interest rate unchanged at 3.75% during its February policy meeting, according to a recent Reuters poll of economists. All but two of the 56 economists surveyed...

OCBC Raises Gold Price Forecast to $5,600 as Structural Demand and Uncertainty Persist

OCBC Bank has revised its gold price forecast higher, projecting that bullion could reach $5,600 per ounce by the end of 2026, up from its earlier estimate of $4,800 per ounce. The updated outlook reflects the banks...

Thailand Economy Forecast Holds Steady as Exports, Tourism Face Global Pressures

Thailand Economy Forecast Holds Steady as Exports, Tourism Face Global Pressures Thailands economy is expected to grow by 2.0% this year, according to the finance ministry, which maintained its previous economic growth...

China’s Lending to Developing Countries Declines as Debt Repayments Rise, New Data Shows

Chinas position as a major financier to developing nations has undergone a significant shift over the past decade, according to new analysis released by the ONE Data initiative. Once a dominant source of development...

Politics

UK Politicians Call for Full Competition Review of Netflix’s Warner Bros Discovery Deal

More than a dozen UK politicians and former policymakers have urged the countrys competition watchdog to carry out a full and detailed review of Netflixs proposed acquisition of Warner Bros Discovery, according to a report...

EU-India Trade Deal Offers European Carmakers a New Opening in India’s Competitive Auto Market

European carmakers facing mounting pressure from U.S. tariffs and intense price competition in China are set to gain modest relief from a landmark EU-India trade deal that significantly reduces import duties on cars. The...

Trump Raises Tariffs on South Korean Autos, Escalating Trade Tensions Despite Prior Deal

U.S. President Donald Trump announced a sharp increase in tariffs on South Korean autos and other goods, intensifying trade tensions with one of Washingtons closest allies. The move, revealed on Monday, raises tariffs from...

Philippines and U.S. Conduct Joint Naval Exercises at Scarborough Shoal Amid South China Sea Tensions

The Philippine and United States militaries conducted a joint sail and maritime exercises this week at the disputed Scarborough Shoal in the South China Sea, underscoring the growing defense cooperation between the two...

Israel Recovers Remains of Last Gaza Hostage, Advancing U.S.-Backed Plan to End War

Israel announced on Monday that it has recovered the remains of Ran Gvili, the last remaining Israeli hostage held in Gaza, marking a major milestone in ongoing efforts to end the war in the Palestinian territory. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Alibaba-Backed Moonshot AI Unveils Kimi K2.5 to Challenge China’s AI Rivals

Alibaba-backed Chinese artificial intelligence startup Moonshot AI has officially released Kimi K2.5, the latest iteration of its flagship large language model, marking a significant step forward in Chinas fast-growing AI...

ASML’s EUV Monopoly Powers the Global AI Chip Boom

As artificial intelligence companies race to secure Nvidia chips to fuel the AI boom, Dutch semiconductor equipment maker ASML has cemented its position as one of the most critical players in the global chip supply chain....

California Governor Gavin Newsom Launches Review Into Alleged TikTok Content Suppression After U.S. Ownership Deal

California Governor Gavin Newsom has accused TikTok of suppressing content critical of President Donald Trump, prompting a state-level review into the platforms content moderation practices to determine whether they...

Micron to Expand Memory Chip Manufacturing Capacity in Singapore Amid Global Shortage

U.S. memory chip maker Micron Technology is preparing to announce a major new manufacturing capacity investment in Singapore, signaling an aggressive expansion to meet surging global demand for memory chips. According to...

Microsoft Wins Approval to Build 15 New Data Centers in Wisconsin

Microsoft Corporation (NASDAQ: MSFT) has taken another major step in expanding its data center footprint after receiving unanimous approval from local officials in Mount Pleasant, Wisconsin, to build 15 additional data...