NORDSTROM BUSINESS

Pareto Securities Expects Further Consolidation in the Seafood Industry

Oslo, Norway – Investment bank Pareto Securities anticipates increased consolidation within the seafood sector, following several major mergers and acquisitions in recent years. Analysts...

Equinor Executive Pushes DNB Out of Key Role in Billion-Dollar Project Deal

A high-ranking Equinor executive played a decisive role in removing DNB from a central position in a multi-billion kroner project, according to recent reports....

NEL Faces Revenue Collapse: Analysts Warn of Tough Times Ahead

Introduction Norwegian hydrogen company NEL ASA is facing significant financial challenges, with analysts predicting a steep decline in revenue. As market conditions become increasingly difficult...

Experts Divided on Kongsberg Gruppen Stock: Buy or Caution?

Kongsberg Gruppen, one of Norway’s leading defense and technology companies, has been at the center of investor debates as analysts remain split on its...

Norse Atlantic Airways Reports $135 Million Loss for 2024 Amid Industry Challenges

Norse Atlantic Airways has reported a significant financial loss of $135 million for 2024, highlighting ongoing challenges in the competitive aviation industry. Despite efforts...

Maritime Entrepreneur Reaps Billion-Dollar Fortune from Ship Management

Strategic Divestment Yields Significant Returns For the second time since 2018, entrepreneur Bjørn Tore Larsen has reduced his stake in the ship management company OSM,...

Rivian Reports First-Ever Gross Profit in Q4, Predicts Narrowing Losses

EV Maker Shows Progress as Cost Reductions Take Effect Rivian (NASDAQ: RIVN) has reached a major milestone, posting its first-ever gross profit of $170 million...

CapMan Acquires Midstar in Record-Breaking Nordic Hotel Deal

Stockholm, Sweden – In a landmark transaction, American investment firm CapMan Hotels II has acquired Swedish hotel property company Midstar Fastigheter, marking the largest...

John Fredriksen’s Rig Company Reports $26 Million in Revenue

NorAm Drilling Achieves Strong Financial Performance Amid Market Uncertainty Oslo, Norway – John Fredriksen’s drilling company, NorAm Drilling, has reported a revenue of $26.6 million...

Carvana Reports Strong Q4 Sales and Profit, But Stock Drops—Here’s Why

Carvana Beats Estimates But Faces Market Pressure Carvana (NYSE: CVNA) reported better-than-expected Q4 earnings, surpassing both sales and profit forecasts. However, despite the strong results,...
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Manila, Philippines – The International Criminal Court has advanced...