Strategic Investments increases stake in Nexcom to 57.28 percent
Strategic Investments now owns 57.28 percent of technology company Nexcom. The increased ownership stake follows financial support, including the debt conversions Nexcom announced on September 9. According to the company, the conversions have strengthened the capital structure and improved the conditions for continued development.
Sources: Ternus wants to speed up Apple’s product development – BN
Newly appointed Apple CEO John Ternus is planning changes to increase the pace of product development, broaden the product range and create a more engineering-driven organisation. Bloomberg News reports, citing sources. The plans include more product launches spread throughout the year, fewer middle managers and a greater appetite for experimentation to strengthen competitiveness in artificial […]
L3Harris wins THAAD contract worth more than 6 billion dollars
Defense technology company L3Harris has secured a seven-year contract from Lockheed Martin worth more than 6 billion dollars, excluding price adjustments, to significantly increase production of propulsion systems for the THAAD air defense system. The company will build a new rocket motor plant and expand other THAAD capacity. The agreement follows earlier plans to quadruple […]
Aira launches Fortnox service
Aira, AI Revenue Assistant Software Stockholm, is launching Aira for Fortnox in November following ongoing tests at selected companies. The service, which costs SEK 699 per license per month, provides, among other things, automated lead generation, news monitoring and updated customer registers. It will be available to Fortnox’s more than 600,000 customer companies. Aira estimates […]
BofA repeats Buy rating on Apple, sees company as long-term AI winner
Bank of America repeats its Buy rating on Apple and sees the company as a long-term winner as more AI moves directly into users’ devices, according to an analysis. However, the bank points to a growing risk from more autonomous AI platforms such as Meta Muse, which could take over parts of the search, referral […]
Related party buys shares in Lemonsoft for 2.6 million euros
Rite LS SPV, related to board members Christoffer Häggblom and Michael Richter, purchased 563,578 shares in the Finnish business software company Lemonsoft on 25 September. The price was 4.53 euros per share, corresponding to a total value of approximately 2.6 million euros. The transaction was carried out on First North Growth Market Finland.
DNB Carnegie raises the price target for Magnora Data Center to NOK 20 (17), reiterates Buy
DNB Carnegie raises the price target for Magnora Data Center to NOK 20 (17), reiterates Buy
Airbus confident of meeting delivery target despite quality problems
Airbus remains highly confident in its target of around 870 commercial aircraft deliveries this year, despite a quality issue that has affected the A321neo. Lars Wagner, head of the company’s aircraft manufacturing division, told Reuters. The problem with fuselage sections has, according to industry sources, contributed to slower-than-expected deliveries in September. Wagner is also optimistic […]
Report: OpenAI’s annual revenue is nearing $70 billion – Axios
OpenAI’s annual recurring revenue is nearing $70 billion following a sharp increase in enterprise sales. Axios reports this, citing sources with insight into the company’s finances. The annualized revenue run rate has increased by more than 70 percent since the beginning of the third quarter, while revenue from enterprise customers has more than doubled. On […]
Carnival beat expectations in third quarter – stock rises
Cruise specialist Carnival reported adjusted earnings per share of $1.43 in the third quarter, above FactSet consensus of $1.35. Revenue increased 3.5 percent to a record $8.44 billion, versus the expected $8.39 billion. Net profit rose to a record $1.92 billion from $1.85 billion a year earlier. At the same time, bookings for 2027 are […]
