AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 34.57% shares climbed as much as 46% to an … Read more

Opinion: AMD will finally give investors its data-center data as business soars

Advanced Micro Devices Inc.’s data-center business will finally get its own spotlight. After reporting record sales Tuesday and predicting another record this quarter, AMD AMD, + 1.44% Chief Financial Officer Devinder Kumar said that beginning in the second quarter, the chip maker will delineate sales specifically from the division that has boosted its stock in … Read more

Selling a company? A financial advisor can help you.

Many business owners have most of their wealth locked up in their business. But they do not always have a firm plan for what will happen when they want to back down. This is where financial advisors can play an important role. Most business owners wait too long to consider leaving, and many do not … Read more

Iluka Separates Sierra Rutile Business – Update

Author: Rhiannon Hoyle Iluka Resources Ltd. she said on Wednesday she intended to unbundle the mineral sand business in Sierra Leone, which she had bought five years ago, to focus on her Australian operations, including the rare earths raid. Iluka acquired its business in Sierra Rutile in December 2016 in an effort to expand its … Read more

Lush’s CEO expects Russia’s business to sell out and close

Cosmetics manufacturer Lush Ltd. has stopped sending supplies to Russia and expects its business in the country to fiasco. However, it will not force the closure of local stores, which illustrates the many complications that multinational companies face when trying to sever their ties with Russia. Lush, a privately held company based in Poole, England, … Read more

The Schepplers Mackinac Island ferry was sold to the Hoffman family after 77 years

Mackinac Island is becoming a long-standing major arm of transportation. The Sheplers Mackinac Island Ferry, which has been a family-owned business for over 77 years, has been sold to another family. Schepler announced that the Hoffmans, who belong to the Hoffman Family of Companies, would be the majority owners of the company. Jerry and David … Read more

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