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New York
281 posts
EnerSys targets $20m in savings from $320m Ultralife deal as tender deadline approaches
EnerSys has launched its $16-per-share cash tender offer for Ultralife Corporation, pursuing a $320 million acquisition designed to expand its defence battery and specialised power systems business. The buyer expects $15 million to $20 million in annual cost savings, a significant target relative to Ultralife's existing earnings, while regulatory clearances and shareholder participation remain outstanding.
Shutterstock’s Getty merger failed and revenue fell. Why is founder Jon Oringer returning now?
Shutterstock founder Jon Oringer has returned to the CEO role as artificial intelligence, falling revenue and the collapse of the planned Getty Images merger force a deeper strategic reset.
Weil Gotshal plans closure after 95 years despite $2.1bn revenue as partner exodus exposes Big Law business model
Weil, Gotshal & Manges is preparing for a potential dissolution after partner departures, succession uncertainty and unsuccessful merger discussions destabilised its operations. Its proposed closure raises questions about the resilience of large law firms whose revenue depends heavily on retaining senior partners and client relationships.
EnerSys bets $320m on Ultralife’s military batteries and drone power systems as defence demand grows
EnerSys has agreed to acquire Ultralife for approximately $320 million in enterprise value, offering shareholders $16 per share in cash. The transaction will expand EnerSys's position in military batteries, unmanned systems and specialized power technologies, with management targeting $15 million to $20 million in annual cost synergies and adjusted earnings accretion within approximately 18 months of closing.
Verizon (NYSE: VZ) adds 406,000 phone lines. Why is the stock falling?
Verizon delivered its strongest third-quarter wireless subscriber growth in five years, raised earnings guidance and announced a US$2 billion-plus Amazon Web Services agreement. Yet its shares declined as investors weighed weaker equipment revenue, the timing of AI infrastructure income and the emerging competitive challenge from SpaceX.
CSTS brings PremierX to Pier 17 with Lil Xan and DJ Soda, but can one New York event become a global entertainment brand?
CSTS Enterprises will introduce its PremierX live entertainment brand through an October 30 Halloween weekend event at The Rooftop at Pier 17, combining hip-hop, electronic music and cross-cultural programming as the company seeks to establish recurring entertainment properties across international markets.
Micron invests in New York minerals processing to secure AI memory chip supply chain
Micron Technology is financing an expansion of Indium Corporation's high-purity materials operations in New York, supporting the proposed restoration of domestic processing capabilities required by semiconductor manufacturers. The agreement creates a new supply-chain link near Micron's planned memory manufacturing complex, but the investment amount and production timetable remain undisclosed.
Confido Health secures $22.5m Series A funding as CareOS moves beyond voice AI
Confido Health is expanding CareOS from voice-based patient communication into an integrated administrative AI platform, backed by $22.5 million in Series A financing and growing adoption among multi-site medical groups.
Italian wine exports rebound 17% in the U.S., but Vinitaly.USA arrives as actual sales remain weak
Vinitaly.USA will bring 300 exhibitors and more than 1,000 pre-registered buyers to New York on October 26–27, creating a major trade platform as Italian wine producers confront a recovering import market but persistently weak American retail and hospitality demand.
Empire Steak House is coming to Delray Beach, but the former CUT 432 location presents a different challenge
Empire Steak House is preparing to enter South Florida at 432 East Atlantic Avenue, replacing the former CUT 432 restaurant and bringing its New York steakhouse model into a competitive downtown dining market.