In a decisive move to maintain competition within the healthcare sector, the United States Department of Justice, in collaboration with attorneys general from Maryland, Illinois, New Jersey, and New York, filed a lawsuit on November 12, 2024, aiming to prevent UnitedHealth Group’s proposed $3.3 billion acquisition of Amedisys Inc. The lawsuit contends that this merger […]
In a bold move to redefine at-home dining, WECO Hospitality has announced the acquisition of EatMise, a New York-based meal kit company specializing in chef-curated kits with high-quality ingredients sourced from local eateries. This strategic acquisition aims to blend WECO’s chef-prepared meal delivery services with EatMise’s innovative pre-prepped meal kits, promising to make dinnertime easier […]
In a dramatic turn of events, former President Donald Trump has taken a commanding lead in the early stages of the 2024 U.S. Presidential Election, securing 198 electoral votes compared to Vice President Kamala Harris’s 99. This development has sent shockwaves through political circles and financial markets alike. Early leads in key states Trump’s early […]
Arthur J. Gallagher & Co., a leading global insurance brokerage and risk management firm, has announced its latest acquisition: American Matar International, Inc., doing business as Statewide Commercial Insurance Brokers, based in Altadena, California. While the financial details remain confidential, this strategic move is seen as part of Gallagher’s broader plan to fortify its foothold […]
In a concerning turn, Xerox Holdings has reported a substantial third-quarter loss alongside a lowered revenue forecast for 2024. Amid waning demand for traditional office copiers and heightened competition in the digital space, the document management giant has faced a turbulent year. The company reported a $1.21 billion net loss, driven largely by a steady […]
Arthur J. Gallagher & Co. has solidified its position in the insurance and financial services markets by announcing three strategic acquisitions: New York-based Filos Agency, Australia’s Via Financial Group, and the UK’s Redington Ltd. These acquisitions reflect Gallagher’s aggressive growth strategy to broaden its portfolio across diverse geographies, from property/casualty insurance in the U.S. to […]
Carborundum Universal Limited (CUMI), a leading materials sciences engineering solutions provider, has announced its decision to acquire a 100 percent stake in Silicon Carbide Products Inc. (SCP) based in Horseheads, New York, USA. The acquisition is valued at an enterprise price of USD 6.66 million (approximately INR 56 crore), with the transaction expected to close […]
AngloGold Ashanti has reached an agreement to acquire Centamin in a $2.5 billion cash and stock deal, positioning itself as the fourth-largest gold producer globally. This strategic acquisition gives AngloGold Ashanti control over Centamin’s flagship Sukari mine in Egypt, the largest gold mine in the country, boosting its annual production by around 450,000 ounces to […]
In a chilling reminder of the ongoing global terror threat, a Pakistani citizen, Muhammad Shahzeb Khan, has been charged with plotting a mass shooting at a Jewish center in Brooklyn, New York. This attack, planned for October 7, 2024, was intended to mark the one-year anniversary of a brutal terrorist attack by Hamas on Israel, […]
Heidelberg Materials North America is set to enhance its presence in Central New York with a definitive purchase agreement to acquire Carver Sand & Gravel, the leading aggregates producer in the Albany area. This acquisition, which includes four quarries, three sand and gravel pits, a trucking business, two asphalt plants, 70 million metric tons of […]