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KVH Industries Confirms Brent Bruun As President And CEO

KVH Industries, Inc., (KVHI) announced Wednesday that its Board of Directors has appointed Brent Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.
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Bio-Techne To Acquire Namocell For Undisclosed Terms

Bio-Techne To Acquire Namocell For Undisclosed Terms

Life sciences company Bio-Techne Corp. (TECH) announced Wednesday it has reached an agreement to acquire Namocell, Inc., a provider of fast and easy to use single cell sorting and dispensing platforms that are gentle to cells, and preserve cell viability and integrity.
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FTSE 100 Declines As Inflation Hits New 40-year High

FTSE 100 Declines As Inflation Hits New 40-year High

U.K. stocks declined on Wednesday as a fall in oil and metal prices weighed on the commodity sector. Surging inflation also revived fears about aggressive monetary tightening and slowing growth.
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DAX Tumbles On Inflation Worries

DAX Tumbles On Inflation Worries

German stocks tumbled on Wednesday as inflation concerns returned to the fore ahead of Federal Reserve Chair Jerome Powell's testimony to Congress later in the day.
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Asian Shares Retreat Ahead Of Powell's Testimony

Asian Shares Retreat Ahead Of Powell's Testimony

Asian stocks fell broadly on Wednesday despite a jump in U.S. equities overnight. Inflation and interest-rate concerns took center stage ahead of congressional testimony by Federal Reserve Chair Jerome Powell.
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Australian, NZ Dollars Weaken Amid Rising Risk Aversion

Australian, NZ Dollars Weaken Amid Rising Risk Aversion

The Australian and NZ dollars fell against their major counterparts in the Asian session on Wednesday, as risk sentiment dampened on fears about a recession in the wake of aggressive rate hikes by the Federal Reserve to tame inflation.
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UK Inflation Strongest Since 1982

UK Inflation Strongest Since 1982

UK consumer price inflation rose further in May at the fastest pace in 40 years on rising energy and food prices, deepening the cost of living crisis. Consumer price inflation rose to 9.1 percent in May, in line with expectations, from 9.0 percent in April, data from the Office for National Statistics revealed on Wednesday.
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Pound Drops Following U.K. CPI, PPI

Pound Drops Following U.K. CPI, PPI

At 2.00 am ET Wednesday, the Office for National Statistics has published UK consumer and producer prices for May. The pound declined against its major counterparts after the data.
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