Companies
Raiffeisen ex-CEO Vincenz seeks acquittal in Zurich court
Former Raiffeisen Schweiz CEO Pierin Vincenz and business partner Beat Stocker denied harming the bank in closing statements. Prosecutors sought six-year prison terms.
Vishay unveils miniature proximity sensor for wearables and AR/VR devices
VCNL36829UM integrates VCSEL, photodiode and ASIC in a 1.6mm x 1.0mm package, offering 44% smaller volume and 14-bit proximity resolution for consumer and industrial applications.
Amazon raises Louisiana data center investment to $18 billion
Tech giant expands commitment from $12 billion to $18 billion, funding power and water infrastructure while creating up to 750 full-time jobs.
Boards urged to consider exits when companies are strongest
Founders and directors often delay sale talks until distress sets in, but market conditions and buyer interest peak when performance is robust. Strategic advisers outline key signals to watch.
DocMorris raises 2026 outlook after H1 Rx revenue growth accelerates
Swiss online pharmacy posts 38% H1 revenue growth as prescription volumes surge, lifting full-year guidance and targeting EBITDA breakeven by year-end.
Neuenburger Kantonalbank posts flat half-year profit as costs rise
Swiss regional lender beats 2025 decline with higher credit volumes and risk release, but warns on second-half outlook amid margin pressure.
SolvChem secures expanded credit facility from Amegy Bank
The $14 billion-asset Amegy Bank unit boosts SolvChem’s revolving and term-loan capacity to fund new production lines and organic expansion. Westlake Securities acted as sole financial adviser.
L3Harris showcases defense tech at U.S. Army’s Project Convergence
L3Harris demonstrated multi-domain communications, electronic warfare and counter-drone systems during the Army’s Capstone 6 exercise in California. The company’s technologies were tested alongside ARX Robotics’ CORVUS-RAVEN system.
Mondelez named official snacking partner of Kansas City Chiefs
Global snack giant Mondelez secures NFL deal to supply Arrowhead Stadium and retail displays in three states. Brands including OREO and RITZ to feature in game-day promotions starting October.
Mark Walter’s insurer to divest $6.5 bln in related-party investments
Delaware Life Insurance Co will reduce $6.5 billion in Mark Walter-linked holdings to comply with regulatory scrutiny and rating agency concerns over related-party transactions.
Comcast unveils Xfinity Shield cybersecurity platform with AI-driven home monitoring
New subscription service integrates malware protection, motion detection and family controls. Shield Select adds smart sensors and emergency response for $15 per month.
Crexendo integrates vCon standard into cloud communications platform
Version 46 release adds native support for IETF vCon standard, enabling standardized conversational data capture across voice, video and text channels. Over 250 licensees and eight million end users to benefit.
Square, OpenTable deepen integration to unify restaurant reservations and payments
Partnership expands to link reservation data with Square’s transaction and guest analytics across six countries, aiming to streamline operations for 70,000+ venues.
Daimler Truck ordered to pay manager €210,000 in gender pay dispute
A female manager at Daimler Truck won a legal battle over alleged gender pay discrimination, securing back pay for 2018-2022. The court ruled in her favor after Daimler failed to disprove bias claims.
HASI commits structured equity to Washington wastewater project
HA Sustainable Infrastructure Capital invests in Pasco Resource Recovery Center, a 30-year wastewater treatment facility with annual water recycling capacity exceeding one billion gallons. The deal aligns with HASI's $17 billion sustainable infrastructure portfolio.
AirJoule, Net Zero Data Center Hub to test heat-to-water tech
Partners plan 2026 pilot to convert data center waste heat into usable water at commercial scale. Collaboration includes Google, Microsoft, Schneider Electric and others.
Commvault expands Azure protection coverage to 62% of enterprise resources
Cloud Rewind add-on now covers three times as many Azure resource types, adding policy-based protection and recovery simulations. Expansion targets availability in coming months.
Alphabet to acquire Spirit Airlines data for $10 million
Google parent Alphabet outbids AI firm Mercor in bankruptcy auction for Spirit Airlines' internal business data, excluding customer information. Court approval sought Wednesday.
Disney’s ABC sues FCC over broadcast license review process
Network alleges regulator’s probe into DEI programs and early license renewals are retaliation for political speech on its shows. FCC denies claims of bias.
Disney, ABC sue FCC over broadcast license review threat
Media giant files lawsuit to block early license reviews for eight ABC stations, alleging regulatory retaliation over editorial decisions. FCC cites diversity policy investigation as justification.
Home Depot rolls out nationwide three-hour express delivery service
Flat-fee service leverages 2,200+ U.S. stores for rapid fulfillment of hardware, tools and paint to doorsteps and job sites. No subscription required.
Stratasys, Limbitless Solutions extend 12-year 3D-printing prosthetic partnership
Expanded collaboration focuses on sustainability, education and global access to 3D-printed prosthetics for children with limb differences. Stratasys donates a refurbished F370 printer to support operations.
Academic Alpha appoints Harald Reczek as Partner and Head of Business Development
Reczek brings over two decades of asset and wealth management experience from EFG International, Credit Suisse and Deutsche Bank to Academic Alpha’s Bern-based team.
Morgan Stanley tracks pet food and cat litter sales trends amid shifting consumer demand
Pet category growth edged higher in the latest four-week period, with branded players gaining share while private labels cooled. Morgan Stanley cites NielsenIQ data covering major retailers and e-commerce platforms.