22nd Century Group Names Hugh Kinsman As CFO
(RTTNews) - Agricultural biotechnology firm 22nd Century Group Inc. (XXII) announced Thursday the appointment of Hugh Kinsman as Chief Financial Officer. Kinsman is currently CFO of GVB Biopharma, which 22nd Century acquired effective May 13, 2022.
Kinsman has extensive experience as a senior executive in roles ranging from acting CFO of a publicly-traded battery manufacturer with operations in the U.S., Switzerland, and Italy to the CFO of West World Media, a private data aggregation company that was acquired for $60 million.
He also worked at GE Capital where he oversaw over a billion dollars in infrastructure, energy, and communications investments. He began his career at Asher & Company, CPAs (now BDO).
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22nd Century Group Initiates Process To Evaluate Strategic Alternatives For Its Tobacco Portfolio
Agricultural biotechnology company 22nd Century Group, Inc. (XXII) announced Tuesday that its Board of Directors, after consultation with its financial and legal advisors, has initiated a process to evaluate strategic alternatives with respect to the Company's tobacco assets.
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European Shares Struggle For Direction Ahead Of Holiday Break
European stocks were subdued on Monday in the run-up to Christmas.
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FTSE 100 Subdued As GDP Figures Revised Down
U.K. stocks were flat to slightly lower on Monday after official data showed the U.K. economy stalled in the third quarter.
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Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Monday.
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CAC 40 Drifts Lower In Cautious Trade
French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.
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DAX Dips Ahead Of Holiday Break
German stocks edged lower in cautious trade on Monday ahead of upcoming Christmas holidays.
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Asian Shares Follow Wall Street Higher On US Inflation Relief
Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.
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UK Economy Flatlines In Q3
The UK economy stalled in the third quarter as the services sector posted nil growth and the moderate expansion in construction was offset by the fall in industrial production, the Office for National Statistics reported Monday. Real gross domestic product remained flat in the third quarter, which was revised down from the 0.1 percent rise estimated initially. This follows a 0.4 percent expansion.
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