Andover, Massachusetts, April 4th, 2019 – TransMedics, Inc., a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart and liver failure, announced the final results of the OCS™ Heart EXPAND Trial were presented at the 39th annual meeting of the International Society for Heart…
Dubai is in the top 10 cities in the world in terms of government efficiency
Dubai ranks first in the Arab world in terms of government budget-to-GDP ratio and seventh in the world in terms of government efficiency, according to the 2018 Competitiveness Report issued by the Center for International Competitiveness of the International Institute for Management Development (IMD). Commenting on this achievement, Director General…
In a unicorn IPO race, Pinterest is run down at the wire by longshot Zoom
Pinterest Inc. should have been the story on Thursday. It had the name that consumers knew, the eight-figure private valuation and a co-founder who has been a Silicon Valley superstar since the service first hit the internet. In the end, though, Pinterest’s PINS, +28.42% initial public offering was overshadowed by “something that IT…
Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the…
Asia relieved as China data point to recovery
Asian share markets swung higher on Wednesday as a raft of Chinese data easily beat expectations in a sign Beijing’s policy stimulus may finally be gaining traction in the world’s second-largest economy. Investors were hoping for better news from China and were not disappointed with first-quarter economic growth pipping forecast…
Biggest risk to US market is a surprise Fed rate hike as economy improves
The best investment opportunities may be thousands of miles away, according to a major Wall Street firm. That is, the upside potential is larger in Europe and Asia than in the United States, Medley Global Advisors’ Ben Emons told CNBC. That assessment is not coming because he sees the American…
Chevron to buy Anadarko Petroleum for $33 billion
Chevron Corp said on Friday it would buy smaller rival Anadarko Petroleum Corp for $33 billion in cash and stock to strengthen its presence in the Permian basin and beef up its LNG business. The offer of $65 per share represents a 39 percent premium to Anadarko’s Thursday close. Anadarko’s…
Pagerduty to Raise $218 Million in Above-Range U.S. IPO
Pagerduty Inc., which makes tools for software developers, raised $218 million in its U.S. initial public offering, a person familiar with the matter said. San Francisco-based Pagerduty and current investors sold 9.07 million shares at $24 each on Wednesday, said the person, who asked not to be identified because the…
Levi Strauss swings to profit in its first earnings release since IPO
Shares of Levi Strauss & Co. rose in extended trading Tuesday after the world’s biggest jeans seller reported its first quarterly earnings since its initial public offering on the New York Stock Exchange last month. For the first quarter, Levi said it swung to earnings of $146.6 million, or 37 cents per…
Investments to UAE expected to rise by 20% in 2019
The UAE Government’s new foreign direct investment, FDI, law passed in 2018 could accelerate FDI flows by up to 20 percent this year, from the eight percent average growth rate, as per the recent estimates of the Ministry of Economy. The landmark law is predicted to further strengthen the already…