Wendel is a French multinational private equity firm founded in 1704 and headquartered in Paris, France. It manages a diverse portfolio of companies across various industries. According to reports, Wendel has announced plans to acquire Monroe Capital, in a deal valued at $1.13 billion USD for 75% of the company’s shares to benefit from the…
Honda To Recall Over 720,800 Vehicles In The U.S.
Honda has issued a recall of over 720,800 vehicles in the United States due to concerns about a high-pressure fuel pump that may crack and leak fuel, increasing the risk of a fire. According to reports, affected vehicles include 2023-2025 Accord, CR-V Hybrid, and Civic models. Dealers will inspect and replace the high-pressure fuel pump…
Honeywell & Google Data Integration Partnership
Honeywell International Inc. is an American multinational conglomerate corporation founded in 1906 and headquartered in Charlotte, North Carolina. It specializes in aerospace, building automation, performance materials and technologies (PMT), and safety and productivity solutions (SPS). According to reports, Honeywell and Google have announced a partnership to connect artificial intelligence technology with its industrial data to…
Atlantic Union: $1.6 Billion Sandy Spring Acquisition Deal
Atlantic Union Bankshares Corporation is a bank holding company founded in 1900 and headquartered in Richmond, Virginia. It offers various personal and business financial services, including checking and savings accounts, credit cards, wealth management, and more. According to reports, Atlantic Union has announced plans to acquire Sandy Spring Bancorp in an all-stock transaction valued at…
Volkswagen Financial Services To Pay $7 million Fine
Volkswagen Financial Services is a business unit of Volkswagen AG founded in 1994 and headquartered in Braunschweig, Germany. It offers a range of products and services to support the company’s brands. According to reports, the UK’s financial services unit has been fined $7 million USD by the UK’s Financial Conduct Authority (FCA) for failing to…
Nokia To Layoff 2,000 In China
Nokia has announced plans to lay off 2,000 employees in China, which amounts to about 20% of its workforce in the country as part of a cost-cutting initiative. According to reports, the company also plans to cut an additional 350 jobs across Europe. The layoffs are part of Nokia’s plan to cut up to 14,000…
Flagstar Bank To Layoff 1,900
Flagstar Bank is an American commercial bank founded in 1993 and headquartered in Troy, Michigan. It is a subsidiary of New York Community Bank (NYCB) and one of the largest residential mortgage servicers in the United States. According to reports, Flagstar has announced plans to lay off 1,900 employees as part of a restructuring plan…
Ferrari Unveils F80 The $3.9 Million SuperCar
Ferrari, the luxury sports car manufacturer, has unveiled the F80, a $3.9 million USD supercar with cutting-edge technology and performance features. It is the company’s most expensive road car. According to reports, the F80 features a six-cylinder, three-liter twin-turbo full-hybrid engine, totaling 1,200 horsepower, with a top speed of 217 MPH and going from 0-60…
PPG Industries To Layoff 1,800
PPG Industries, Inc. is an American multinational company founded in 1883 as Pittsburgh Paints & Glass and is headquartered in Pittsburgh, Pennsylvania. It specializes in paints, coatings, and specialty materials. According to reports, PPG has announced plans to lay off 1,800 employees in the United States and Europe as part of a cost-cutting initiative after…
McKinsey To Layoff 500 In China
McKinsey, also known as McKinsey & Company, is an American multinational strategy and management consulting firm founded in 1926 and headquartered in New York City. It offers professional services to corporations, governments, and other organizations. According to reports, the company has announced plans to lay off 500 employees in China as part of a restructuring…