Economics News
Zimmer Biomet Reports Positive First Quarter Financial Results
Zimmer Biomet Holdings, Inc. has announced its financial results for the first quarter of 2024, with net sales reaching $1.889 billion, marking a 3.2% increase over the previous year period. The company also reported a 4.4% increase on a constant currency basis. Diluted earnings per share for the first quarter were $0.84, with adjusted diluted earnings per share at $1.94.In a statement, Ivan Tornos, Zimmer Biomet's President and Chief Executive Officer, expressed satisfaction with the team's performance, stating, "We are very pleased with the execution, progress, and...
By Globe Banner | May 2, 2024
ATI Names Netta Washington to Lead HPMC Segment
ATI Inc. (NYSE: ATI) has appointed Netta Washington as the new Executive Vice President to lead the company's High Performance Materials and Components (HPMC) segment, as reported on May 2, 2024.In an official statement, ATI President and Chief Operating Officer Kimberly A. Fields expressed confidence in Washington's abilities, stating, "Through Netta's leadership, we'll continue to drive growth, earnings and cash flow in Forged Products and Specialty Materials." Fields also highlighted Washington's impressive track record in operational performance and revenue growth...
By Globe Banner | May 2, 2024
Latest News
Futuristic AI Requires Futuristic Data Centers, Experts Urge Investment Surge
By Globe Banner | May 2, 2024
Experts in the tech industry are urging for a surge in investment towards futuristic data centers to support the growing demand for AI-powered technologies. William Hisey, CEO of Avant Technologies Inc., emphasized the importance of integrating AI with Zero Trust Architecture for robust data center security, stating, "By integrating AI with Zero Trust Architecture, we are creating a robust and future-proof security framework for our data centers."Hisey, who recently took on the role of CEO at Avant, expressed his enthusiasm for the company's advancements in the AI space,...
Enterprise AI Market Projected to Reach $171.2 Billion by 2031
By Globe Banner | May 2, 2024
The Enterprise AI market is set to reach a value of $171.2 billion by the year 2031, according to an exclusive report by Meticulous Research®. The report provides valuable insights into the growth and trends of the industry, indicating a promising future for AI technology in enterprise settings.As stated by Meticulous Research®, "The Enterprise AI market is expected to witness significant growth in the coming years, reaching a value of $171.2 billion by 2031."This projection highlights the increasing adoption and integration of AI solutions in various sectors and...
VULCAN REPORTS FIRST QUARTER 2024 RESULTS
By Globe Banner | May 2, 2024
BIRMINGHAM, Ala., May 2, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended March 31, 2024.Financial Highlights Include:Tom Hill, Vulcan Materials' Chairman and Chief Executive Officer, expressed satisfaction with the company's performance, stating, "Our teams' solid execution helped us overcome challenging weather conditions throughout much of the first quarter." He highlighted that despite lower aggregates shipments, margins expanded, demonstrating the...
Jones Walker Expands Healthcare Industry Team
By Globe Banner | May 2, 2024
NEW ORLEANS, May 2, 2024 /PRNewswire/ -- Jones Walker LLP has announced the addition of Greg Schafer and Valerie Fontenot as special counsel in the firm's Litigation Practice Group and members of the firm's growing Healthcare Industry Team in the New Orleans office.Bill Hines, the managing partner of Jones Walker, expressed enthusiasm about the new additions, stating, "Greg's vast experience in litigation and Valerie's deep knowledge of the intricately involved medical industry will strengthen the firm's ability to support our clients in the healthcare sector."Greg...
MikeWorldWide Named Agency of the Year in 2024 American Business Awards
By Globe Banner | May 2, 2024
NEW YORK, May 2, 2024 /PRNewswire/ -- MikeWorldWide, a NYC-based public relations agency, has been honored with the Silver Stevie® Award in the Public Relations Agency of the Year category at The 22nd Annual American Business Awards®.The American Business Awards, known as the U.S.A.'s premier business awards program, received over 3,700 nominations this year from organizations of all sizes and industries. Among the categories, MikeWorldWide stood out in the Public Relations Agency of the Year category.The agency was recognized by the American Business Awards jury for...
Edible® Welcomes Tech Strategist Faraz Iqbal as Chief Technology Officer
By Globe Banner | May 2, 2024
ATLANTA, May 2, 2024 /PRNewswire/ -- Edible®, an innovative e-commerce hub uniquely supported by locally owned brick-and-mortar locations across the globe, today announced the appointment of Faraz Iqbal as Chief Technology Officer (CTO). With more than 25 years of experience and expertise in technology, operations, and franchise growth, Iqbal is poised to amplify Edible's dynamic e-commerce platforms and in-store retail technology to create memorable experiences for customers.Faraz Iqbal, the new Chief Technology Officer at Edible, will leverage his extensive experience...
Liberty Bankers Insurance Group Wins Gold Stevie® Award for Innovative Digital Tool
By Globe Banner | May 2, 2024
Liberty Bankers Insurance Group (LBIG) has been honored with a Gold Stevie® Award in the New Product and Services, Insurance Solutions category at The 22nd Annual American Business Awards®. The prestigious award was given in recognition of LBIG's innovative digital tool, the Intelligent Plan Designer, which was launched in conjunction with Liberty Bankers Life Insurance Company's Hospital Indemnity Plus insurance product in July 2023.Eric Johansson, the executive vice president and chief operating officer of Liberty Bankers Insurance Group, highlighted the purpose of the...
Chunghwa Telecom Reports Positive First Quarter Results in 2024
By Globe Banner | May 2, 2024
TAIPEI, May 2, 2024 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) announced its un-audited operating results for the first quarter of 2024, with a focus on financial performance and strategic outlook.According to the report, Chunghwa Telecom's total revenue increased by 1.4% to NT$ 54.94 billion in the first quarter of 2024. Mr. Shui-Yi Kuo, Chairman and CEO of Chunghwa Telecom, expressed satisfaction with the company's performance, stating, "Chunghwa Telecom has embarked on 2024 with a strong start. Our robust first quarter results have once again...
Enlyte and Mitchell Receive Prestigious Stevie Awards for Excellence
By Globe Banner | May 2, 2024
SAN DIEGO, May 2, 2024 /PRNewswire/ -- Enlyte and Mitchell, an Enlyte company, have been recognized by the American Business Association with two prestigious Stevie awards for excellence. The awards, presented annually, highlight outstanding achievements in various categories within the business world.Enlyte was honored with a Silver Stevie Award for Achievement in Thought Leadership, while Mitchell received a Silver Stevie Award for Best eBook in the Publications category. These accolades reflect the organizations' dedication to utilizing their wealth of data and market...
EnerCom Announces Mike Wirth as Keynote Speaker at Energy Investment Conference
By Globe Banner | May 1, 2024
EnerCom, Inc. has announced that Mike Wirth, Chairman and Chief Executive Officer of Chevron, will be the keynote speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference. The event is scheduled to take place on August 20, 2024, at The Westin Denver Downtown.Wirth's participation in the conference was confirmed by EnerCom, emphasizing his significant role in the energy industry. According to the announcement, institutional investors, portfolio managers, financial analysts, CIOs, and other industry professionals are encouraged to register for the...
BillingPlatform Wins Silver Stevie® Award in 2024 American Business Awards
By Globe Banner | May 1, 2024
BillingPlatform, a leading enterprise revenue lifecycle management platform, has been honored as a Silver Stevie® Award winner in the Company of the Year - Computer Software category at the 22nd Annual American Business Awards®. This marks BillingPlatform's fourth consecutive win at the ABAs.Judges praised BillingPlatform for its innovation and leadership in the billing and revenue management space. They highlighted the company's flexibility and cutting-edge cloud-based platform, which allows businesses to customize billing solutions to their specific needs. Dennis Wall,...
BBB National Programs Applauds Launch of Global CBPR Forum
By Globe Banner | Apr 30, 2024
MCLEAN, Va. , April 30, 2024 /PRNewswire/ -- BBB National Programs has commended the U.S. Department of Commerce's initiative to establish the Global Cross Border Privacy Rules (CBPR) Forum, marking a significant step in enhancing international collaboration on cross-border data flows.Dona Fraser, Senior Vice President, Privacy Initiatives at BBB National Programs, emphasized the pivotal role of data privacy in international business operations, stating, "In an economy where businesses extend operations across borders, data privacy is the cornerstone of trust and...
Impartner Continues Winning Streak, Securing Prestigious Industry Accolades
By Globe Banner | Apr 30, 2024
SALT LAKE CITY, April 30, 2024 /PRNewswire/ -- Impartner, the fastest-growing and most award-winning provider of reseller and partner management technologies, has recently added to its list of accolades, showcasing its dedication to innovation and excellence in the industry.The company was honored with the Gold Stevie® Award in the Business-to-Business Product category at the 22nd Annual American Business Awards® for its Google for the Channel and Partner Marketing Automation solutions. According to Impartner's Vice President of Product, Gary Sabin, "It's truly rewarding...
Hybrid Integration Platform Market Projected to Reach $20.49 billion by 2030
By Globe Banner | Apr 30, 2024
A report by 360iResearch has projected that the Hybrid Integration Platform (HIP) market is set to grow from $9.98 billion in 2023 to $20.49 billion by 2030, at a CAGR of 10.82% over the forecast period. The rise of HIPs is transforming the business landscape, enabling seamless integration across various services, data, and applications. This innovative approach allows organizations to enhance their IT infrastructure and embrace the efficiency of cloud services, driving digital transformation efforts worldwide.Governments globally are leveraging HIPs to spearhead digital...
International Monetary Fund launches regional office in Riyadh, Saudi Arabia during regional conference
By Globe Banner | Apr 25, 2024
The International Monetary Fund (IMF) has announced the establishment of a new regional office in Riyadh, Saudi Arabia. The inaugural director of this office will be Abdoul Aziz Wane, a Senegal national with prior experience at the IMF.
Healthmark Services Limited partners with JFCRx as supplier of pharmacy adherence technologies
By Globe Banner | Apr 24, 2024
Canadian pharmacies are set to enhance patient safety and adherence through the introduction of new automation equipment and software. This development is a result of a partnership between JFCRx and Healthmark Services Limited, as disclosed in a recent news release.
International Monetary Fund selects Kristalena Georgieva for a second term as Managing Director
By Globe Banner | Apr 18, 2024
The International Monetary Fund's (IMF) Executive Board announced last week that Kristalena Georgieva has been selected to serve a second term as IMF Managing Director. Georgieva's second term will commence in October and span five years.
Why India Could Soon Dethrone China as World’s Top Consumer Market
By Globe Banner | Apr 17, 2024
India's rapid growth in consumerism is positioning it to potentially surpass China as the world's top consumer market. According to a recent analysis, "The speed of India’s rise in consumerism is outpacing China’s as the gap between the two countries’ markets continues to narrow."To retain its position as the leading consumer market globally, China is advised to adapt its strategies. The need to broaden its focus to include rural areas and cater to often-overlooked consumer bases is emphasized, as stated, "If it wants to maintain its lead as the world’s top market, China...