Smart For Life To Acquire Purely Optimal Nutrition For Undisclosed Terms
(RTTNews) - Health & Wellness firm Smart for Life, Inc. (SMFL) announced Monday that it has executed a definitive agreement to acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America. The terms of the deal were not disclosed.
The profitable acquisition is expected to contribute more than $8 million of annualized revenue and over $1 million of adjusted EBITDA.
The acquisition is expected to close within the next eight weeks and is subject to financing and customary closing conditions.
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SEC Fines Seven Companies With Whistleblower Violation
The U.S. Securities and Exchange Commission announced that it has settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC. The companies agreed to pay more than $3 million combined in civil penalties to settle the SEC's charges.
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122 days ago
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
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5h 20min ago
U.S. Job Growth Far Exceeds Estimates In December
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to climb by 160,000 jobs.
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6h 2min ago
U.S. Employment Surges Much More Than Expected In December
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December.
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7h 10min ago
Higher Commodity Prices Point To Positive Start On Bay Street; Jobs Data In Focus
Higher crude oil prices and steady bullion market point to a positive start for Canadian stocks on Friday. However, the focus is on jobs data from Canada and the U.S., and any disappointment on that front could render the market a bit volatile.
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7h 57min ago
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Friday.
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10h 17min ago
Sensex, Nifty Extend Losses For Third Day; IT Stocks Climb After TCS Results
Indian shares ended slightly lower on Friday to extend their losing streak for a third day running due to concerns over a weakening rupee, rising oil prices and continued FII outflows amidst global uncertainties.
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10h 26min ago
FTSE 100 Down Marginally As Market Awaits U.S. Jobs Data
U.K.'s benchmark stock index FTSE 100 is down marginally Friday morning with stocks moving in a narrow range as investors largely refrain from making significant moves while awaiting the crucial U.S. jobs data due later in the day.
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10h 46min ago
