Market Watch

Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Feb 9 (Reuters) – Globus Medical Inc (GMED.N) said on Thursday it would acquire peer NuVasive Inc (NUVA.O) in an all-stock deal valued at about $3 billion to build scale in the competitive market for spinal devices. NuVasive shareholders will receive 0.75 of Globus shares, implying a per-share offer of $57.72 and a premium of about 26% to Wednesday’s close. Shares of Globus Medical fell more than 17%, with analysts raising concerns around deals in spinal device space. NuVasive traded much lower than the offer price at $46.53. Similar deals in the spinal device market, such as Stryker (SYK.N) acquiring K2M Group and several others, have had more revenue "dis-synergies and loss of integration" than other areas of medtech over the years, said Baird analyst Jeffrey Johnson. There were also some added concerns about how the deal is of value for Globus. "To double-down on spine is somewhat surprising in our view and adds a lower growth organization," said BTIG analyst Ryan Zimmerman. The companies said there was minimal overlap among the geographies and customers that they cater to, and the complementary nature of their […]

Click here to view original web page at www.reuters.com

The James F. Dicke College of Business Administration at Ohio Northern University has received full five-year extension of accreditation from the Association to Advance Collegiate Schools of Business (AACSB). AACSB-accredited schools have the highest quality faculty, relevant and challenging curriculum and provide educational and career opportunities that are not found at other business schools. Of the more than 16,000 business programs in the world, less than 6% have earned AACSB accreditation. “This full extension of accreditation is a tribute to the talented Dicke College faculty and staff. Our College provides a very focused high-impact educational experience that is based on experiential learning and prepares our students for success in their careers,” College of Business Dean John C. Navin, Ph.D., says. “Beyond helping students understand the theory of business, we emphasize the importance of developing the analytical skills that allow our graduates to apply these theories in an ever-changing workplace,” Navin continues. “We stress the importance of developing interpersonal and teamwork attributes that employers value. Further, the Dicke College of Business offers students a range of experiential-learning opportunities, such as internships, study abroad, and live cases with business clients that connect the classroom with the workplace.” This focused approach yields […]

Click here to view original web page at www.onu.edu

WASHINGTON (AP) — House Republicans made the first official requests Thursday for documents from Hunter and James Biden regarding their foreign business dealings, further escalating a wide-ranging investigation into the president’s family. Rep. James Comer, chairman of the House Oversight Committee, sent letters to President Joe Biden’s son, Hunter; the president’s brother, James; and their former business manager seeking documents and communications related to foreign business pursuits “with individuals who were connected to the Chinese Communist Party.” “If President Biden is compromised by deals with foreign adversaries and they are impacting his decision making, this is a threat to national security,” Comer said in a statement. The letters are the most recent action by Republicans in pursuit of the Biden family for what they have alleged is “influence peddling,” but have so far failed to produce evidence supporting those claims. The broad requests include any record “designated classified” and communications between the president or James Biden and his wife, Sara Jones Biden, and Hunter Biden from Jan. 20, 2009, regarding travel and financial activity. A lawyer for Hunter Biden dismissed the request Thursday as an effort by Comer to peddle his own “inaccurate and baseless conclusions under the guise […]

Click here to view original web page at www.pbs.org

Inside of the Berkeley County Library in Moncks Corner, the library is working to encourage Black History Month themed events.(Live 5) MONCKS CORNER, S.C. (WCSC) – In honor of Black History Month, the Berkeley County Library Systems are hosting a Black Business Extravaganza on Saturday. Any local Black-owned businesses are encouraged to sign up and attend to meet other professionals in the industry and to share and brainstorm ideas. The event organizer, Romoma Shahe, says that many community members do not know these businesses exist and that Saturday can hopefully shine a light on them. “We hope that it can bring people to the library and that the library is more than just checking out books,” Shahe says. “We offer all kinds of services, and we hope to be a beacon or even a partner with other businesses here in Berkeley County.” Eight businesses have signed up so far, but the library is hoping for even more to enroll. The event takes place from 2 p.m. to 4 p.m. at the Berkeley County Library in Moncks Corner. “Hopefully, if all goes well, we can do it again, and we can do it outside of Black History Month and shine […]

Click here to view original web page at www.live5news.com

Left to right: Ryan Dovel, Sharon Turner, Judge Mike Robinson, Nina Poe, Sabrina Greer Driving back from a hearing in Raleigh one January morning, North Carolina Business Court Judge Michael Robinson and Term Law Clerk Sabrina Greer struck up a conversation about how they might give back to the community through volunteering. As luck would have it, their route took them past the Second Harvest Food Bank’s warehouse in Winston-Salem . Given its proximity to the North Carolina Business Court’s chambers, the two decided that the Food Bank would be a worthy place for the Business Court team to volunteer using their community service leave hours. Community Service Leave is credited to Judicial Branch employees in positions eligible to accrue leave in recognition of both the State’s diverse needs for volunteers to support schools, communities, citizens, and non-profit organizations, and the commitment of Judicial Branch employees to engage in child involvement and volunteer service. Volunteering connects us to the places we live and reminds us how fortunate we are. Plus, a change of scenery keeps us refreshed during our workweek. Judge Robinson The Business Court team, which includes Judge Robinson, Court Coordinator Sharon Turner, Term Law Clerks Greer and […]

Click here to view original web page at www.nccourts.gov

Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/ Feb 9 (Reuters) – Exxon Mobil Corp (XOM.N) said on Thursday it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from 2019 levels. The move follows the restructuring of Exxon’s top businesses disclosed last year, and addresses a second layer of management. The changes include combining into a global trading desk all of Exxon’s trading activities, from oil to power and freights. Shares in the company, which posted a record $56 billion net profit in 2022, rose 1.5% following the report. The U.S. oil company last year said it would reorganize the company into three businesses, Upstream, Low Carbon Solutions, and Product Solutions, which combined refining and chemical activities. Exxon now says it will combine smaller units to concentrate decisions related to supply chain, procurement and the acquisition of raw materials, among others. The change is aimed at giving more negotiating power to Exxon on deals with third parties, for instance by removing the possibility of more than one Exxon unit negotiating separate deals with the same […]

Click here to view original web page at www.reuters.com

Tracy Mack, LCU Dean of School of Business(Lubbock Christian University) LUBBOCK, Texas (NEWS RELEASE) – Lubbock Christian University is pleased to announce the appointment of the new Dean of their School of Business. Following a three-year hiatus, Tracy Mack is returning to lead the School of Business as Dean. During his previous tenure at LCU, Mack led the transition of the Department of Business to establish the School of Business, partnered with the Advancement Office to complete fundraising and construction on the Christa Dobbs Center for Business building, and masterminded the creation of the Master of Accounting program. Mack was selected from a field of exceptional finalists for the position. LCU President Scott McDowell expressed the following thoughts, “While Tracy Mack brings an obvious expertise and business acumen to this role as well as a level of seasoning as a teacher who connects well with our students and really all our key stakeholders, the thing that impresses me most about Tracy is his remarkable character. He embodies our mission and is the kind of person we want to hold up as a role model of what a Christian businessperson looks like.” Mack possesses a spirit of innovation that is […]

Click here to view original web page at www.kcbd.com

‘The capabilities of the APEX console, the insights, the ease of management that comes with it, make Dell a player in that space,’ VirtuIT CEO Gary McConnell says. ARTICLE TITLE HERE VirtuIT Systems CEO Gary McConnell said the year is off to a strong start for the Dell Titanium Partner which expects to see significant APEX business in 2023, in addition to more VMware opportunities. The job of seizing those opportunities begins at the office, where customers are turning to VirtuIT for increasingly sophisticated technology solutions, he said. “Customers come to us with much more now. Looking to us as experts across the board, from their end user machines, to their compute storage all the way up to the security realm as well,” McConnell said. “So, it’s a much different conversation, there’s much more opportunity. But again, there has to be the ability to evolve and the skill set to to fulfill.” To deliver that technology VirtuIT has invested in training employees in-house, and it has managed to navigate the labor crunch happening across the solution provider market by relying on that bench of talent, he said. Advertisement “We’ve been able to hire tier-one resources, get them under our […]

Click here to view original web page at www.crn.com

LAREDO, Tx. (KGNS) -Several Laredo law enforcement officers were seen at a local eight liner business at the 2300 block of Saunders at around 8 p.m. Thursday evening. A KGNS camera crew was at the scene while officers were searching the business. No word what they were searching for at this time. This is a developing story and we’ll provide more information as it becomes available. For more headlines. click here . Copyright 2023 KGNS. All rights reserved.

Click here to view original web page at www.kgns.tv

The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/Files BENGALURU, Feb 10 (Reuters) – India’s Zomato Ltd (ZOMT.NS) fell nearly 7% on Friday after it reported a larger-than-expected quarterly loss on Thursday, flagging slow growth in the food delivery business due to an industry-wide slowdown. Shares of the food delivery firm fell to 50.70 rupees, after closing marginally higher on Thursday ahead of the results.

Click here to view original web page at www.reuters.com