The Latest Breaking News from Board of Directors

RedBird Capital Partners entered into a definitive agreement to acquire Associazione Calcio Milan (AC Milan) Club, newly crowned Champions of Serie A, from Elliott Advisors UK Limited, for 1.2 billion euros ($1.3 billion). The transition to new ownership will take place over the summer, with closing expected in September 2022. Elliott to retain a…

Todd Boehly and Chelsea can finally move on and aid Thomas Tuchel in planning for what is set to be a very busy summer transfer window and new season for the Blues

Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued on Sunday several royal orders. He relieved Dr. Tawfiq bin Fowzan bin Mohammed Al-Rabeeah, Chairman of the Board of Directors of Saudi Food and Drug Authority, of his post and appointed Fahd bin Abdulrahman bin Dahes Al-Jalajel in his…

Dick's Sporting Goods Inc (NYSE:DKS) reported a first-quarter FY22 sales decline of 7.5% year-over-year to $2.70 billion, beating the consensus of $2.59 billion. Comparable store sales decreased 8.4% versus 117.1% growth a year ago. The gross profit margin contracted 83 basis points Y/Y to 36.47%. The operating margin contracted 273 basis points to…

Dole PLC (NYSE:DOLE) reported first-quarter FY22 sales growth of 113.5% year-on-year, to $2.25 billion, missing the consensus of $2.32 billion. On a pro-forma comparative basis, revenue decreased marginally, primarily due to a decrease in Fresh Vegetables resulting from the Value Added salads product recall in January and February 2022 and negative foreign currency…

The Saudi Export-Import Bank (EXIM) launched a new strategy to facilitate national non-oil exports to reach global markets for the next five years. The strategy enables Saudi non-oil exports to reach global markets by closing financing gaps and reducing export risks. It focuses on maximizing the economic impact of the…

Suphan Mongkolsuthee, former chairman of the Board of Directors of the Federation of Thai Industries (FTI), was on Monday named leader of the Thai Sang Thai Party's economics team.

Verde AgriTech Plc (TSX:NPK) (OTCQB:AMHPF) announces the results of the Pre-Feasibility Study for the Cerrado Verde Project, which replaces the December 2017 Pre-Feasibility Study. Verde operates Plant 1 with a capacity of 0.6 million tonnes per year (Mtpy), Plant 2 is set to open in Q3 2022 with an additional capacity of…

Amid rising raw material costs, supply chain constraints, and labor shortages, the engineering and construction industry took a hit over the past few months. However, with a steady increase in spending across the construction sector and rising federal investments, the industry is expected to rebound soon. Given this growth prospect,…

SeaWorld Entertainment Inc (NYSE:SEAS) said its Board of Directors approved a $250.0 million share repurchase program. Under the program, the company is authorized to repurchase shares through open market purchases, privately-negotiated transactions, or otherwise. During 1Q22, the company repurchased 1.5 million shares, and subsequent to March 31, 2022, it repurchased an additional 2.0 million…

Builders FirstSource Inc (NYSE:BLDR) reported first-quarter FY22 sales growth of 36.1% year-on-year to $5.68 billion, beating the consensus of $4.60 billion. Double-digit core organic growth, commodity inflation, and acquisitions drove the top-line growth. The gross profit rose 71.3% to $1.8 billion and the gross profit margin expanded by 670 basis points to 32.3%.…