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Despite big raises and contracts, a tech training giant lays off staffers and loses its CEO

When he joined a major local workforce development company nearly two years ago, Matt Derella was adamant that the company wasn’t abandoning its Baltimore roots. “I’m sure some readers will say, ‘Is he really going to make Baltimore still an important part of what Catalyte is?’” Derella told Technical.ly back when he became Catalyte’s new […]

Eli Lilly stock tumbles 10% after drug giant misses estimates and slashes profit guidance

Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Wednesday fell short of profit and revenue expectations for the third quarter, weighed down by disappointing sales of its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro, and slashed its full-year adjusted profit guidance. […]

Chinese retail giant revives IPO ambitions

KEY CUSTOMERS: The bulk of MDL’s business comes from the group’s own stores. Cici Cao MDL Wholesale, a food and fast moving consumer goods supply chain provider controlled by China’s retailing conglomerate Wumart Group, has applied for an initial public offering in Hong Kong, underscoring the IPO ambitions of Wumart founder Zhang Wenzhong. Zhang […]