Ritchie Bros. generated more than $79 million in gross transaction value at its recent auction in Fort Worth, TX. The three-day online auction attracted more than 14,700 bidders from 68 countries to compete for more than 4,600 items from more than 770 consignors. read more

MAR 22, 2022 - 6:20 am

Herc Rentals entered a purchase agreement to acquire Cloverdale Equipment Company. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in Q2/22. Terms were not disclosed. read more

MAR 21, 2022 - 6:13 am

Textron entered into an agreement to purchase Pipistrel, a provider of electrically powered aircraft based in Slovenia and Italy. read more

MAR 21, 2022 - 6:08 am

Spending on artificial intelligence in the United States will grow to $120 billion by 2025, representing a compound annual growth rate of 26% during the 2021 to 2025 forecast period, according to International Data Corporation. read more

MAR 18, 2022 - 6:34 am

On Wednesday, the Federal Reserve unveiled its plan to increase the federal funds rate to 0.25% to 0.5%. According to the Wall Street Journal, the Fed last increased interest rates in 2018. read more

MAR 17, 2022 - 6:08 am

Isabella Casillas Guzman, head of the U.S. Small Business Administration, directed the agency to provide additional deferment of payments for existing COVID Economic Injury Disaster Loan program borrowers for a total of 30 months from inception on all approved EIDL loans. read more

MAR 16, 2022 - 6:29 am

According to the Institute for Supply Management, economic activity in the hospital subsector grew in February for the 21st consecutive month despite a 7.2% drop in the Hospital PMI, putting February’s reading at its lowest mark in more than a year. read more

MAR 14, 2022 - 6:32 am

Airborne Capital, a specialist aircraft lease and asset manager, deployed LeaseWorks’ Aeris Asset management software to streamline its aircraft portfolio management. read more

MAR 14, 2022 - 6:30 am

Sunbelt Rentals, a North American equipment rental company, launched a new mobile app, which will allow customers to manager all aspects of their rental experiences. The new app is available on phones and tablets through the Apple App Store and Google Play. read more

MAR 14, 2022 - 6:27 am

TAB Bank launched a new online and mobile platform. The platform’s new external interface and back-end functionality were designed to create a consistent experience between mobile and online banking and to move TAB Bank toward a banking-as-a-service model. read more

MAR 10, 2022 - 6:38 am

Biz2Credit’s annual women-owned business study found that profits for women-owned businesses dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, which was the primary reason profits fell in 2021. read more

MAR 9, 2022 - 6:50 am

CIT reorganized its commercial services factoring business, with Marc Heller, president of CIT commercial services, now reporting directly to Peter Bristow, president of First Citizens Bank, and Michael Hudgens now leading commercial services as managing director and group head. read more

MAR 8, 2022 - 6:24 am

Ritchie Bros. attracted more than 26,250 combined bidder registrations and logged more than $95 million in combined gross transaction value at its recent multi-day online auctions in Edmonton, AB, and in the Rocky Mountain region. read more

MAR 8, 2022 - 6:21 am

Economic activity in the manufacturing sector grew in February, with the overall economy achieving a 21st consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

MAR 7, 2022 - 6:07 am

KeyBank became the latest institution to join the Risk Management Association’s Credit Risk Navigator, which is powered by Automated Financial Systems, a provider of software solutions and services to financial institutions. read more

MAR 4, 2022 - 6:30 am