About Author
Pankaj Singh
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Contribution by Pankaj Singh
CVS sees COVID vaccine business drop up to 80% in 2022 as demand fades
Despite beating analyst expectations of Q4 earnings, CVS Health Corp reportedly left its 2022 earnings forecast unchanged as it anticipates the number of vaccines administered across its drugstores to witness a 70% to 80% decline this year. CVS reportedly administered COVID-19 vaccine booster dos... Read More
Facebook wins approval for Giphy acquisition deal from Austrian court
Facebook in its effort to expand its Instagram business bought animated images platform Giphy for USD 315 million in 2020. The UK competition regulator wanted the deal to be reversed over concerns of market monopoly. However, an Austrian count recently approved Giphy ‘s acquisition in what app... Read More
Frontier, Spirit merge to become the fifth largest airline in the U.S.
Frontier Group Holdings and Spirit Airlines recently announced a merger agreement which will result in the creation of one of the most competitive ultra-low fare airlines in the United States. Together, Spirit and Frontier expect to change the industry for consumers, introducing ultra-low fares t... Read More
James Hardie anticipates higher profit as U.S. housing sales soars
In view of the North America housing boom, leading producer and marketer of high-performance fiber cement and fiber gypsum building solutions, James Hardie, reportedly revised its annual profit forecast for the fourth time this fiscal year and is anticipating even higher revenue next year. It is ... Read More
ARENA invests USD 450,000 in eleXsys Energy’s DER innovation device
The ARENA (Australian Renewable Energy Agency) has reportedly invested USD 451,000 in power electronics firm eleXsys Energy to support the Brisbane-based company’s new distributed energy resources (DER) device that can potentially be connected to the grid. eleXsys Energy’s new technol... Read More
Apple rolls out its first daily local newsletter for Bay Area readers
Apple, Inc. is reportedly launching its first daily local newsletter for the Bay Area and is actively working to expand to other cities. The newsletter, similar to a daily newspaper, includes top stories from various segments such as local news, politics, sports, dining, and more. Rather than rel... Read More
Social commerce startup Brimore secures USD 25 Mn in Series A funding
Brimore, an Egyptian social commerce platform, has reportedly bagged USD 25 million during a Series A funding round which was led by investors like IFC (International Finance Corporation) and Endure Capital. The round also saw participation from Flourish, Fawry, and Endeavor Catalyst Fund, ... Read More
Pearson acquires certification company Credly in a USD 200 Mn deal
London-headquartered Pearson reportedly acquired certification company Credly in a deal valued at USD 200 million. The move is intended to empower businesses with more products and services to help them train and retain workers in the face of tightening labor markets and adapting to rapid technologi... Read More
Automotive sales in the U.S. expected to slip for January 2022: Study
According to analysts from J.D. Power-LMC Automotive, vehicle retail sales in the United States are likely to fall for January 2022. This can be attributed to the restricted manufacturing output over Omicron disruptions, global inflation, and supply chain bottlenecks which have led to high automotiv... Read More
Cowboy bags USD 80 Mn in Series C funding to expand its e-bike business
Cowboy, a Brussels-based e-bike startup, has reportedly raised USD 80 million in a Series C funding round which was led by Siam Capital, HCVC, and Exor. The fundraising also saw participation from existing investors including Index Ventures, Tiger Global, Isomer Opportunities Fund, Eothen, Triple Po... Read More