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CytoSorbents Says CFO Kathleen Bloch Plans To Retire In March 2023
(RTTNews) - CytoSorbents Corp. (CTSO) announced Friday that its Chief Financial Officer Kathleen Bloch plans to retire on March 31, 2023 at age 68, following a distinguished decade-long career at the Company.
A search has been initiated for Bloch's replacement. Meanwhile, following her retirement next year, Bloch will continue as a consultant of the Company to provide, among other services, continuity during the transition of her successor.
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CytoSorbents Announces Reappointment Of Kathleen Bloch As Full-time CFO
CytoSorbents Corp. (CTSO) announced Tuesday the re-appointment of Kathleen Bloch as full-time Chief Financial Officer, effective retroactively to September 2, 2023. She served as the Company's Chief Financial Officer for 10 years until her retirement in March 2023, when she became Interim CFO as a consultant.
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Fed Minutes Reveal Details Behind Split Interest Rate Decision
The minutes of the Federal Reserve's latest monetary policy meeting revealed most officials still see the upside risk to inflation as the bigger threat to the economic outlook, although a couple were more worried about the downside risk to employment.
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TSX Modestly Higher As Materials, Energy Stocks Gain
The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors.
The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.
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Swiss Market Ends On Firm Note
After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note.
Optimism about a potential peace deal between Russia and Ukraine supported the market.
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European Stocks Closed On Mixed Note
European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.
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Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit
Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
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Indonesia Unexpectedly Cuts Interest Rate
Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
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Bay Street Likely To Open On Subdued Note
Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
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