Results for: Business

Reveal Technology, Inc. announced today that they have received a Strategic Funding Increase (STRATFI) award from the US Air Force AFVentures Program. This award will support continued research, development, testing, and evaluation efforts with US Special Operations Command (USSOCOM) Program Executive Office (PEO) SOF WARRIOR, the Headquarters Air Force Special Operations Command (HQ AFSOC) A5-8-9/Gunship Requirements Office (A5KG), and the US Air Force Research Laboratory Center for Rapid Innovation (AFRL/RSC). The selected scope will continue the development, integration, and scaling of Farsight, Reveal’s near real-time 3D modeling software, to better meet mission requirements of the tactical warfighter. At the completion of the 36-month period of performance, leaders at every echelon will have an enhanced solution that allows them to rapidly exploit, evaluate, and distribute edge-processed intelligence to support rapid decision-making in dynamic operational environments.

Reveal Technology, Inc. (Reveal) has been awarded a $33.6 million Strategic Funding Increase (STRATFI) by the US Air Force AFVentures Program. This funding will support the continued development, testing, and evaluation of Reveal’s Farsight software, which provides real-time 3D modeling and actionable intelligence in network-constrained environments. Farsight is a receive-only software solution that processes sensor-collected imagery to create 3D models in near real-time, enabling warfighters to better meet mission requirements and gain a tactical edge. By working closely with joint force customers, Reveal will enhance the capabilities of Farsight to deliver the next generation of situational awareness tools for operations in denied areas and at the tactical edge.

The ProLift Rigging Company, a leading provider of industrial construction services, has been recognized for its outstanding safety practices by the Specialized Carriers & Rigging Association (SC&RA). The company has been awarded both the SC&RA Crane & Rigging Group Safety Award and the SC&RA Crane & Rigging Group Safety Improvement Award.

U.S. equities closed higher on Tuesday, driven by strong gains in the technology, telecommunications, and industrials sectors. The Dow Jones Industrial Average rose 0.69%, the S&P 500 index gained 1.20%, and the NASDAQ Composite index climbed 1.59%. Major contributors to the rally included Verizon Communications, American Express, and Caterpillar. However, Walmart, UnitedHealth Group, and Boeing lagged behind, posting losses.

EQT Corporation (NYSE: EQT) reported its financial and operational results for the first quarter of 2024. The company’s strong performance and operational momentum were demonstrated by its exceptional drilling team and record-breaking completions. EQT also reported lower LOE, below its forecast, as the benefits of their strategic water infrastructure investments become more tangible. Notably, the company announced the transformational acquisition of Equitrans Midstream, a move that will create America’s first large-scale integrated natural gas business. This acquisition is expected to provide a well-to-watt solution that will meet growing baseload demand associated with the data center and AI boom. EQT’s clean, reliable, and affordable natural gas will play a crucial role in meeting the growing power needs domestically and internationally.

TikTok has submitted a risk assessment report on its new app, TikTok Lite, to the European Commission, thereby averting a potential fine. The EU had raised concerns about the app’s reward program and its potential addictive nature for children. The Commission had set a 24-hour deadline for TikTok to provide the report, and has now confirmed its receipt.

Chubb’s (NYSE: CB) first-quarter financial results exceeded analysts’ expectations, with EPS of $5.41, surpassing the estimate of $5.31, and revenue reaching $12.22 billion against the consensus estimate of $11.75 billion. The company’s stock price closed at $249.60. Over the past year, Chubb’s stock has experienced a 24.45% gain, and in the last three months, it has increased by 3.47%. Notably, Chubb has received 10 positive EPS revisions and 5 negative revisions within the last 90 days. InvestingPro assesses Chubb’s financial health as demonstrating ‘great performance.’

Chervine Naamani has joined ColorCreative, the management and production company co-founded by Issa Rae, Deniese Davis, and Talitha Watkins, as a manager and producer. Naamani joins from the management company Rain, where he spent four and a half years building a diverse, multicultural list of next-generation filmmakers and writers. In his new role, he will continue to help spearhead the development of diverse emerging talent in the entertainment industry, reporting to ColorCreative President Talitha Watkins.

Visa (NYSE: V) reported strong financial results for its fiscal Q2 2024, surpassing Wall Street’s expectations for earnings and revenue. The company’s earnings per share (EPS) of $2.51 exceeded the projected $2.44, while revenue reached $8.78 billion, outpacing the estimated $8.62 billion.

Seagate Technology Holdings plc (NASDAQ: STX) announced solid third-quarter fiscal results, surpassing analyst earnings expectations and projecting a positive outlook for the upcoming quarter. Adjusted earnings per share (EPS) reached $0.33, exceeding the consensus estimate of $0.29, while revenue amounted to $1.66 billion, slightly below the anticipated $1.68 billion. CEO Dave Mosley attributed the strong performance to improved cloud demand, operational efficiency, and effective pricing strategies. Despite a revenue decline compared to the same quarter last year, Seagate anticipates a promising fiscal fourth quarter with an adjusted EPS forecast of $0.70 and revenue projections exceeding analyst estimates. The company remains committed to shareholder returns, declaring a quarterly cash dividend of $0.70 per share.