Month: July 2022

Cartona, a B2B commerce marketplace platform, has announced the successful close of its $12 million Series A funding round. The round was led by Silicon Badia, the venture capital firm that invests in global technology entrepreneurs, together with the active participation of the SANAD Fund for MIPI, an impact investment fund dedicated to supporting entrepreneurs in the ‘Middle East and North Africa. Arab Bank Accelerator and Sunny Side Ventures also participated, along with existing investors – Global Ventures and Kepple Ventures – who joined Cartona’s journey last year, doubling down on this round. The proceeds will be used to turbocharge…

As mergers and acquisitions reached record levels last year, young dealmakers on Financial News’ Rising Stars of Investment Banking list made their mark, taking central roles in key deals. Here are the M&A bankers who rose to the challenge and moved on to the illustrious FN ranking: Jack Blomfield, Managing Director, William Blair Augustin D’Angerville, Managing Director, Head of M&A, France, JPMorgan Jonty Edwards, Executive Director, UK M&A, JPMorgan Sam Jackson, Director, European M&A, RBC Capital Markets Edward Joudrey, Managing Director, Emea sellside M&A, Bank of America Evelyn Phan, Executive Director, Financial Sponsors Group, Morgan Stanley Fariza Steel, Managing Director,…

US stock futures fell on Monday night after Walmart cut its profit forecast, sending the retailer’s shares lower after hours. Dow Jones Industrial Average futures fell 133 points, or 0.4%. S&P 500 and Nasdaq 100 futures declined 0.3% and 0.4%, respectively. An announcement late Monday by Walmart, which cut its quarterly and annual profit estimates due to rising food inflation, alarmed investors weighing the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to cut back on general merchandise spending, particularly on clothing. Walmart fell nearly 9% in extended trading, dragging other retailers down with…

JEFFERSONVILLE, Ind. (AP) _ First Savings Financial Group Inc. ( FSFG ) reported a fiscal third-quarter profit of $2.6 million on Monday. The Jeffersonville, Ind.-based company said it had net income of 37 cents per share. The bank holding company posted revenue of $28.5 million during the period. Its adjusted earnings were $25.9 million. _____ This story was generated by Automated statistics (using data from Zacks Investment Research. Access to Zacks Stock Report on FSFG at [ad_2] Source link

FRIENDSWOOD, Texas –(BUSINESS THREAD)–Castle Biosciences, Inc. (Nasdaq: CSTL), a company that improves health through innovative tests that guide patient care, today announced that it will release its financial results for the second quarter and six months ended June 30, 2022, after the close of the market on Monday, August 8, 2022. The company’s management will host a conference call and webcast to discuss its financial results at 4:30 p.m. ET on the same day. Conference call and webcast details A live webcast of the conference can be accessed here: or via the webcast link on the Company’s Investor Relations page…

Amid mass layoffs at startups, including several unicorns, TaCa Healthcare, a health-tech startup dedicated to providing advanced surgical care at affordable prices to people across the country, has laid out plans to hire more than 400 professionals in the next six months . It also plans to invest $12-15 million in the next 12-18 months to upgrade healthcare facilities in tier II and III cities and more skilled surgeons. Working with a large network of hospitals, specialist doctors and healthcare partners in different cities, TaCa Healthcare implements proven innovations and best practices to ensure better surgical outcomes, shorter hospital stays…

STAMFORD, Conn.–(BUSINESS THREAD)–Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the leading independent owner and operator of commercial-scale solar facilities, today announced that it will release second quarter 2022 financial results ahead of the market. opens on Monday, August 15, 2022. This launch will be followed by a conference call for investors at 8:30 AM ET on the same day. The call will feature prepared remarks by Lars Norell, Co-CEO, Dan Alcombright, Chief Platform Officer and Dustin Weber, CFO. Prepared remarks will be followed by a question-and-answer session that will also include Gregg Felton, Co-CEO of Altus Power. The conference call…

As a recognized industry leader specializing in wealth management for closely held companies and high net worth individuals and families, Weinstein has grown his practice to serve a diverse client base. It selected MassMutual and MMLIS for access to a best-in-class platform, greater flexibility, more efficient cost structures, a deep pool of experts, superior technology and an expanding pool of curated alternative investments. This also gave him the opportunity to affiliate with Piller Financial Group, a leader in the MMLIS investment platform to help meet the needs of his clients. owner, Grant Pilleradds: “We are delighted to join forces with…