Business

BEIJING, Aug. 8, 2022 /PRNewswire/ — Geek+, the global leader in autonomous mobile robot technologies, announced it has closed a new, $100 million series E1 funding series, with the company valued at over $2 billion. Investors in the round include Intel Capital, Vertex Growth, and Qingyue Capital Investment. The company will use this funding to accelerate its global market expansion and invest in its AMR technology research and development for key product innovation.
In early 2021, Geek+ closed a previously undisclosed series D financing round led by CPE.

On July 25, the Commerce board voted to shift most of its previously-approved funding for the Tidewater Landing project to the stadium itself, after the developer faced cost inflation. Behind the scenes was a tangled web of seemingly only-in-Rhode Island connections. One raises legal conflict-of-interest questions, while two others serve as simple familial and political curiosities that did not escape the notice of people in that crowded boardroom.Legal mattersThe connection: Tom Carlotto, an attorney at the law firm DarrowEverett, has served as outside counsel on the Tidewater deal since 2019, a role he’s played on other Commerce matters for a decade.

NEW YORK, Aug. 04, 2022 (GLOBE NEWSWIRE) — Roxe ( www.roxe.io/), a blockchain infrastructure company powering the next generation of payments and digital commerce solutions, today announced a new partnership with the Philippines’ micro financial services provider champion, Cebuana Lhuillier. The partnership will facilitate seamless cross-border remittance payments for clients in the Philippines by utilizing Cebuana Lhuillier’s diverse fund delivery methods via the Roxe blockchain network.

Blockchain technology is becoming a growing force and mechanism for driving the next generation of global finance solutions.

An entity set up by China to deepen ties with Latin America is delivering an aquaculture training program in Guyana.The China-Caribbean Development Center is coordinating the program, taking place online, which seeks to offer training in marine cage aquaculture to Guyanese fisheries officials.The center’s director, Liu Ruiling, attending the launch of the program, along with officials from the Chinese province of Shandong and the city of Jinan. The 12-day training program will cover species selection, pen construction, disease control, and feeding among other topics.

LOS ANGELES (AP) — General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North America.GM late Tuesday reported net income of $2.94 billion, or $1.35 per share, versus a profit of $3.02 billion, or $2.03 per share, in the same quarter last year. Excluding one-time items, such as costs related to its Cruise autonomous vehicle subsidiary, GM’s earnings amounted to $2.09 per share. Analysts’ consensus estimate was for $1.

CHICAGO (AP) _ Tootsie Roll Industries Inc. (TR) on Tuesday reported net income of $12 million in its first quarter.The Chicago-based company said it had profit of 17 cents per share. The confectionary products maker posted revenue of $139.3 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TR at https://www.zacks.com/ap/TR

MILL VALLEY, Calif. (AP) _ Four Corners Property Trust Inc. (FCPT) on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Mill Valley, California, said it had funds from operations of $32.8 million, or 41 cents per share, in the period.

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LUBBOCK, Texas (AP) _ South Plains Financial, Inc. (SPFI) on Tuesday reported net income of $14.3 million in its first quarter. The Lubbock, Texas-based bank said it had earnings of 78 cents per share. The company posted revenue of $56.8 million in the period. Its revenue net of interest expense was $53.6 million, which beat Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPFI at https://www.