(This Aug. 31 story has been corrected to clarify Silicon Valley Bank exited its China join venture, not that it was bought out by a local partner, in the headline and paragraph 3) BEIJING (Reuters) - Silicon Valley Bank's Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to...

04:44 PM EDT, 08/29/2024 (MT Newswires) -- IPG Photonics ( IPGP ) sold its entire interest in Russian subsidiary IRE-Polus for $51 million, marking the company's exit from the country amid trade sanctions in the wake of the invasion of Ukraine. The purchaser was a group led by Softline Projects LLC and current management of IRE-Polus, IPG Photonics ( IPGP...

04:38 PM EDT, 08/29/2024 (MT Newswires) -- Elastic (ESTC) reported fiscal Q1 non-GAAP earnings Thursday of $0.35 per diluted share, up from $0.25 a year earlier. Analysts polled by Capital IQ expected $0.25. Revenue for the quarter ended July 31 was $347.4 million, up from $293.8 million a year earlier. Analysts surveyed by Capital IQ expected $344.6 million. The company...

04:17 PM EDT, 08/29/2024 (MT Newswires) -- Joseph Michael Fitzgerald, Executive Vice President and Group President, Cardiology, on August 28, 2024, sold 14,132 shares in Boston Scientific ( BSX ) for $1,130,560. Following the Form 4 filing with the SEC, Fitzgerald has control over a total of 181,249 shares of the company, with 176,355 shares held directly and 4,894 controlled...