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(Reuters) -Shyft Group and Switzerland-based Aebi Schmidt will merge in an all-stock deal, the companies said on Monday, sending the U.S. specialty vehicle maker’s shares up 13%. Michigan-based Shyft, which has a market value of about $439 million according to data compiled by LSEG, manufactures and assembles specialty vehicles such as work trucks and recreational …

US specialty vehicle maker Shyft to merge with Switzerland-based Aebi Schmidt Read More »

(Reuters) – Lockheed Martin said on Monday it had formed a subsidiary that will help U.S. defense companies incorporate artificial intelligence into their operations. Companies across sectors have leaned more on AI over the past few years to help optimize their workflow. However, defense companies have remained cautious given the sensitive data required to train …

Lockheed forms subsidiary to help defense companies adopt AI Read More »

By Alberto Chiumento and Andrea Mandala ROME (Reuters) – Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of Italian business, have until now bet …

Disaster insurance set to test Italy’s business backbone in 2025 Read More »

(Reuters) -Australia’s financial crime watchdog has launched legal proceedings against Ladbrokes owner Entain, alleging breaches of the country’s anti-money laundering (AML) and counter-terrorism financing (CTF) laws by its online betting platforms. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said on Monday that Entain Group Pty Ltd’s management failed to adequately oversee its AML and …

Aussie regulator sues Ladbrokes owner Entain over anti-money laundering breaches Read More »

By Anna Ringstrom and Maggie Fick STOCKHOLM/LONDON (Reuters) -Danish drugmaker Novo Nordisk will invest 8.5 billion crowns ($1.20 billion) in a new facility in Odense, Denmark, for the production of rare disease drugs, it said on Monday. The site will manufacture various types of rare disease drugs, including those for the treatment of haemophilia, Novo …

Novo Nordisk invests $1.2 billion in new rare disease drugs plant in Denmark Read More »

By Jessica DiNapoli NEW YORK (Reuters) – Procter & Gamble has promised a group of shareholders it will disclose more details about how it audits wood-pulp suppliers, the investors told Reuters, after shareholders pushed the maker of Charmin toilet paper for years to source forest products more sustainably. The world’s biggest consumer products maker has …

Exclusive-Procter & Gamble to disclose more details about wood-pulp audits, investors say Read More »