NEW YORK: Columbia Property Trust and WeWork announced that they have mutually agreed to terminate WeWork’s lease at Columbia’s 149 Madison Avenue. This decision is part of WeWork’s plan to seek profitable growth and optimize the company’s real estate portfolio,…
SANTA CLARITA: A coalition of tenants’ rights advocates that include Housing Is A Human Right (HHR), the housing advocacy division of AIDS Healthcare Foundation (AHF) have staged several socially-distant protests calling out corporate landlord and other bad actors for fueling…
SINGAPORE: Global rating agency AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a” of General Insurance Corporation of India (GIC Re). The…
COPENHAGEN: 5th Planet Games announced the launch of Nyjah Huston casino style game. The game is developed and distributed in cooperation with the Swedish slot game supplier Play’n GO. “With regards to the Vikings game, we are still waiting on…
TOKYO: In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake…
DUBAI: Due to the COVID-19 pandemic and the Javits Center turning into a makeshift hospital Messe Frankfurt has decided to take the Texworld summer edition show to a virtual platform with the aim to support the sourcing community through these…
BEIJING: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, will host this year’s SAMENA Council Leaders’ Summit for the seventh consecutive year. The 2020 event, which is organized by SAMENA Telecommunications Council, is…
MOSCOW: Mail.ru Group Limited announced that its Global Depositary Receipts (GDRs) have started trading on the Moscow Exchange, having been included in the Level 1 List. Commenting on the event Boris Dobrodeev, CEO (Russia) of Mail.ru Group, said: “Today’s listing…
NEWARK: Logitech International outlined a number of proposals, approved and recommended by its board of directors, on which it will ask shareholders to vote at the Company’s 2020 annual general meeting (AGM). Logitech also announced a new director nominee and…
FAIRMONT: MVB Mortgage and Intercoastal Mortgage have become one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region: Intercoastal Mortgage, LLC (ICM). MVB Financial Corp. and its wholly-owned subsidiary MVB Bank announced that the Bank’s subsidiary…
WESTMINSTER: Maxar Technologies announced that it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing. Vricon is a global leader in…
MIAMI: C&W Communications announced the acquisition of IT Outsource Ltd. (ITO), a leading Managed Service Provider (MSP) in the Cayman Islands. Founded in 2004, IT Outsource provides IT managed and support services, cloud back-up, security services and enterprise hardware and…