Latest news with #Board of Directors
Yahoo
2 days ago
- Business
- Yahoo
Viomi Technology (VIOT) Announces Approval of a Special Dividend
Viomi Technology Co., Ltd (NASDAQ:VIOT) is one of the . On July 14, Viomi Technology Co., Ltd (NASDAQ:VIOT) announced that its Board of Directors approved a special dividend of $0.0293 per ordinary share ($0.0880 per American depositary share, or ADS). The aggregate amount of the special dividend is expected to be approximately $6 million. A customer in an offline experience store testing out a new small appliance. The dividend will be paid on or around August 18, 2025, to the holders of Viomi Technology Co., Ltd.'s (NASDAQ:VIOT) ordinary shares, of record, as of the close of business on July 31. The special dividend payment to holders of ADSs is subject to the terms of the deposit agreement. The dividend will be paid to holders of ADSs on or around August 21, of record, as of the close of business on July 31. Based in China, Viomi Technology Co., Ltd (NASDAQ:VIOT) operates an IoT Home platform and sells IoT-fitted smart home products. These include its flagship line of water purification systems, smart kitchen products, and other offerings. The company also offers complementary consumable products such as water purifier filters, water quality meters, and water filter pitchers. While we acknowledge the potential of VIOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
BofA Lifts PT on US Bancorp (USB) to $54 From $49, Maintains a Buy Rating
US Bancorp (NYSE:USB) is one of the best . On July 13, BofA raised the firm's price target on US Bancorp (NYSE:USB) to $54 from $49, keeping a Buy rating on the shares. An experienced banker on the trading floor, monitoring financial markets in real time. The firm told investors that it adjusted its price targets on regional banks as part of a preview of the Q2 earnings season. On June 18, US Bancorp's (NYSE:USB) Board of Directors announced a regular quarterly dividend of $0.50 per common share to stockholders of record at the close of business on June 30, 2025. The annual dividend at this quarterly dividend rate comes up to $2.00 per common share. US Bancorp (NYSE:USB) is a bank holding company that offers financial services including cash management, lending and depository services, foreign exchange, and trust and investment management. It also offers refinance, mortgage, boat, and RV loans, credit card services, credit lines, auto, merchant, checking, and savings accounts, ATM processing, debit cards, insurance, and more. While we acknowledge the potential of USB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
3 days ago
- Business
- Globe and Mail
Geron Corporation Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Geron Corporation (Nasdaq: GERN), a commercial stage biopharmaceutical company, today reported that it has granted equity awards covering an aggregate of 342,000 shares of its common stock, consisting of stock options to purchase an aggregate of 228,000 shares of common stock, and restricted stock units ('RSUs') representing an aggregate of 114,000 shares of common stock, to five newly hired employees as an inducement material to their acceptance of employment with Geron. The stock options and RSUs were granted on July 17, 2025. The stock options have an exercise price of $1.29 per share, which is equal to the closing price of Geron common stock on the grant date, have a ten-year term and vest over four years, with 12.5% of the shares underlying the options vesting on the six-month anniversary of commencement of employment of each employee and the remaining shares vesting over the following 42 months in equal installments of whole shares, subject to continued employment with Geron through the applicable vesting dates. 25% of the RSUs vest on each anniversary of the grant date, subject to continued employment with Geron through the applicable vesting dates. The equity awards were granted by the Compensation Committee of Geron's Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to the terms and conditions of Geron's 2018 Inducement Award Plan and the forms of stock option and RSU agreements under the plan. About Geron Geron is a commercial-stage biopharmaceutical company aiming to change lives by changing the course of blood cancer. Our first-in-class telomerase inhibitor RYTELO® (imetelstat) is approved in the United States and the European Union for the treatment of certain adult patients with lower-risk myelodysplastic syndromes (LR-MDS) with transfusion dependent anemia. We are also conducting a pivotal Phase 3 clinical trial of imetelstat in JAK-inhibitor relapsed/refractory myelofibrosis (R/R MF), as well as studies in other myeloid hematologic malignancies. Inhibiting telomerase activity, which is increased in malignant stem and progenitor cells in the bone marrow, aims to reduce proliferation and induce death of malignant cells. To learn more, visit or follow us on LinkedIn.
Globe and Mail
4 days ago
- Business
- Globe and Mail
LTIMindtree Delivers an All-Round USD Growth of 2% QoQ
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the first quarter ended June 30, 2025, as approved by its Board of Directors. 'We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened our ability to scale for the future. While the macroeconomic environment remains challenging, I'm confident that our disciplined execution and unwavering client focus will continue to drive our performance.' - Venu Lambu, Chief Executive Officer and Managing Director Key financial highlights: Quarter ended June 30, 2025 In USD: - Revenue at $1,153.3 million (+2.0% Q-o-Q / +5.2% Y-o-Y) - Operating Margin (EBIT) at 14.3%, expands by 50 bps Q-o-Q - Net profit at $147.0 million (+12.6% Q-o-Q / +8.0% Y-o-Y) In INR: - Revenue at Rs. 98,406 million (+0.7% Q-o-Q / +7.6% Y-o-Y) - Net profit at Rs. 12,546 million (+11.2% Q-o-Q / +10.5% Y-o-Y) Other highlights: Clients: - 741 active clients as of June 30, 2025 - $1 million+ clients increased by 14 on a Y-o-Y basis, total 404 - $5 million+ clients increased by 11 on a Y-o-Y basis, total 159 - $10 million+ clients increased by 3 on a Y-o-Y basis, total 90 - $50 million+ clients increased by 2 on a Y-o-Y basis, total 14 People: - 83,889 professionals as of June 30, 2025 - Trailing 12-month attrition was 14.4% - Utilization (ex-trainees) at 88.1% Deal Wins A global agribusiness leader selected LTIMindtree to implement an AI-driven model for application management, infrastructure support, and cybersecurity services. This suite of IT services includes SAP S/4HANA, ServiceNow, Microsoft Azure, and AI frameworks and focuses on efficiency and growth, driven by vendor consolidation. A global leader in professional services has chosen LTIMindtree as part of their supplier consolidation initiative spanning Client Technology, Enterprise Technology, and Information Security. A major European financial institution chose LTIMindtree as its long-term transformation partner to migrate from a legacy system to a flagship Transaction Processing Platform, integrating Gen AI and automation in the solution to accelerate delivery. Selected as a strategic partner by a leading digital company in the Middle East to manage their supply chain and digital landscape. A major utility company has engaged LTIMindtree to support the management and integration of applications across multiple ERP systems. A foreign government organisation has entrusted LTIMindtree with implementing a digital transformation initiative to overhaul its tax system and modernize the tax administration process. A leading recycling organisation in the Nordics has chosen LTIMindtree for a Managed service deal. A leading US-based Oil & Gas major has entrusted LTIMindtree with a multi-delivery contract to cater across Cloud, Data, SAP, and AI services. Partnerships LTIMindtree was honored with the 'Diversity in Security' award at the 2025 Microsoft Security Excellence Awards event, organized by the MISA. This award emphasizes the company's dedication to promoting inclusive security teams and providing innovative security solutions seamlessly integrated with Microsoft technology for clients around the world. LTIMindtree was honored to be named 'Google Partner of the Year 2025 for Industry Solutions in Manufacturing' for the second year in a row. LTIMindtree has been named a premier partner for AWS's RAPID GenAI assessment program. The program covers use case validation, data security, performance testing, migration, and integration, enabling faster deployment and co-investment in pre-sales. LTIMindtree has been named the '2025 Databricks Business Transformation Partner' of the Year. Presented at the annual Data + AI Summit, the award highlights LTIM's exceptional contributions to driving data and AI-led transformation across industries. LTIMindtree is recognized as the 'FY25 India Partner of the Year' by Boomi. As a valued Boomi partner, LTIMindtree has been instrumental in assisting joint customers in optimizing their business operations through Agentic AI, intelligent connectivity, and automation solutions. At the annual Snowflake Summit 2025, LTIMindtree was honored with the 'Manufacturing & Industrials Data Cloud Services Partner of the Year' award by Snowflake, the AI Data Cloud company. Recognitions LTIMindtree positioned as a Leader in ISG's Provider Lens™ SAP Ecosystem 2025 for 'RISE with SAP Implementation' and 'SAP Business AI & BTP services' globally. LTIMindtree positioned as a Leader in ISG's Provider Lens™ Evaluation for Duck Creek Services Ecosystem 2025. LTIMindtree recognized as a Leader in HFS Horizons: Energy & Utilities Service Providers, 2025. LTIMindtree recognized as a Leader in Everest Group: Talent Readiness for Next-Gen Application Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Microsoft Modern Work Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Intelligent Process Automation Solutions PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Enterprise Platform Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Healthcare Data, Analytics and AI Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as Major Contenders in Everest Group: Life Sciences Digital Services PEAK Matrix® Assessment 2025. LTIMindtree recognized as a Disruptor in HFS Horizons: Insurance Services, 2025. About LTIMindtree LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 83,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit
Yahoo
5 days ago
- Business
- Yahoo
Citi sees FY25 revenue approximately $84B, consensus $83.81B
Sees non-interest income ex-markets up 4% year-over-year. Sees expenses approximately $53.4B, subject to volume and other revenue-related expenses. Sees Branded Cards NCL range: 3.50%-4.00%; Retail Services NCL range: 5.75%-6.25%. Says ACL will be a function of macroeconomic environment and business volume. Says Board of Directors authorized a $20B common share repurchase program in January. Says repurchased $2B of common shares in 2Q25, $3.75B of repurchases YTD. Says remains committed to continuing to improve returns over time. Targets 10-11% RoTCE in 2026. Comments taken from Q2 earnings conference call slides. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on C: Disclaimer & DisclosureReport an Issue C Earnings: Citigroup Smashes Q2 Expectations, Stock Jumps Morning Movers: Wells Fargo falls following second quarter results Options Volatility and Implied Earnings Moves Today, July 15, 2025 Citi confirms quarterly dividend of 60c per share Citigroup (C) Is About to Report Q2 Earnings Tomorrow. Here's What to Expect Sign in to access your portfolio
