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The Canadian government has signed a contract with General Motors Canada to produce 10 million masks, Prime Minister Justin Trudeau announced Tuesday.
(Bloomberg) -- SoftBank Group Corp. is exploring a sale of a minority stake in OSIsoft LLC that could be worth more than $1.5 billion, according to people familiar with the matter.SoftBank is working with a financial adviser to sell the stake in the industrial software company, which is held by its Vision Fund, said the people, who asked to not be identified because the matter isn’t public. The move is part of SoftBank’s new focus on raising cash, they said.The Japanese firm’s plans aren’t final and it could opt to keep the stake, the people said.Representatives for the Vision Fund and OSIsoft declined to comment.SoftBank Chief Executive Officer Masayoshi Son has said he would sell off about $42 billion in assets to finance stock buybacks and pay down debt. SoftBank disclosed it’s selling shares in Alibaba Group Holding Ltd. and it’s in talks to sell about $20 billion of T-Mobile US Inc., Bloomberg News reported.SoftBank’s Vision Fund has unwound some investments, including dumping its entire stake in chipmaker Nvidia Corp. in February 2019. The fund, which has made bets on companies like WeWork that have cratered, sold a nearly 50% stake in dog walking startup Wag Labs back to the company last year.San Leandro-California based OSIsoft sells software into sectors including oil and gas, utilities and pharmaceutical development, according to its website.SoftBank acquired a “significant minority stake” in the company in 2017 from backers including Kleiner Perkins Caufield & Byers and TCV, according to a statement. Its investment was worth a bit less than $1 billion, a person familiar with the matter said at the time.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
What happened Shares of several global automakers were rising on Tuesday, as auto factories around the world continued to ramp up after shutting down in March amid the COVID-19 pandemic. Here's where things stood for these three companies' stocks as of 2:30 p.
Staying connected is more important than ever, and smartphone shoppers shouldn’t have to choose between quality and price. So, today T-Mobile (NASDAQ: TMUS) announced a lineup of new, affordable, feature-packed smartphones coming soon to T-Mobile, Sprint and Metro stores — the LG Stylo 6, LG K51 and the Motorola moto g stylus, all priced under $260.
T-Mobile is typing… Five years ago, Un-carrier customers were the first in the U.S. to enjoy enhanced texting capabilities with Rich Communications Services (RCS), so they could share high-res pics and videos, see when someone’s typing a response (and know when they’ve been left on ‘read’), and more. Since then, RCS has evolved to include advanced group message capabilities and other upgrades. Today, T-Mobile (NASDAQ: TMUS) and Google announced they’ve teamed up to expand RCS for T-Mobile and Metro by T-Mobile Android customers, so they now get that same upgraded RCS experience when texting with Android users on other networks across the globe.
The markets continue to move northwards. Who needs geopolitical risk, when you have hope? The big question must be whether it can continue…
According to Warren Buffett, diversification is only needed if you don't know what you're doing.
It’s “risk-on” this morning as the markets continue to brush aside U.S – China tensions. Economic data later in the day will garner some attention, however.
Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation's automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases. Mexican officials in mid-May said the automotive industry could exit the coronavirus lockdown before June 1 if approved safety measures were in place. Toyota Motor Corp and Nissan Motor Co Ltd told Reuters on Monday that they were preparing to gradually resume operations, and Honda Motor Co Ltd last Friday said it had begun a gradual return to operations.
Economic data puts the EUR in focus, while geopolitics and COVID-19 news and numbers will also influence on the day.
SpaceX is launching astronauts into space Wednesday. That’s a really big deal for the country. But is it a big deal for Tesla stock?
In this article we will take a look at whether hedge funds think T-Mobile US, Inc. (NASDAQ:TMUS) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
Canadian soldiers helping to manage the coronavirus outbreak in seniors' residences have witnessed some "deeply disturbing" scenes, Prime Minister Justin Trudeau said on Tuesday, adding he was shocked and angry. The situation is particularly bad in Ontario and Quebec, the two most populous provinces, where around 1,400 soldiers are working. Trudeau told a daily briefing the armed forces had compiled a report on their observations in Ontario.
USD/CAD breached the major support level at 1.3850 and settled closer to 1.3800.
The commodity-linked Canadian dollar strengthened to a two-month high against its U.S. counterpart on Tuesday as steps to reopen the world economy boosted investor sentiment and some investors that were short the loonie covered their positions. World shares forged ahead and commodity markets drove higher as investors disregarded Sino-U.S. tensions to focus on the easing of lockdowns and a potential coronavirus vaccine. "You have all the components of CAD strength kicking-in, risk appetite, big dollar and oil," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets.
PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its second quarter 2020 (ending June 13) financial results and other related information on Monday, July 13, 2020 by posting the following materials and links on the company's website at www.pepsico.com/investors.
McDonald's (NYSE: MCD) and Coca-Cola (NYSE: KO) are two of the most iconic brands in America. Over the past decade, McDonald's and Coca-Cola generated total returns of about 265% and 140%, respectively, making them sound long-term investments. McDonald's and Coca-Cola are evolving to attract new consumers.
E-commerce veteran Amazon.com (NASDAQ: AMZN) has carved out a similar space for itself in the booming market for cloud computing services. Amazon Web Services is the first name on everybody's lips in that sector. "You can't beat the real thing," which is exactly what Coke has been calling itself since 1969.
It was a solid start for European stocks this morning as growing optimism around the reopening of economies outweighed fears over escalating U.S.-China tensions.
USD/CAD fell back below 1.4000 as oil managed to rebound after sell-off on Friday.
Japan’s Asahi Group Holdings said it has signed a 1.185 trillion yen ($11 billion) loan with Sumitomo Mitsui Banking Corp (SMBC) to finance the acquisition of Anheuser-Busch InBev’s (BUD) Australian subsidiary Carlton & United Breweries.Back in July, Anheuser-Busch, the world’s largest beermaker said it entered into an agreement for the Japanese beer maker to buy its Australian operations for an enterprise value of A$16 billion ($10.4 billion). The deal has received regulatory approvals and is expected to close on June 1.The brewer of Budweiser, Corona and Stella Artois said it will use the proceeds of the sale to reduce debt.Shares in Anheuser-Busch have this year seen their value cut in half as global lockdown orders tied to the coronavirus pandemic have curtailed beer and other alcohol sales as restaurants and bars remained closed and some countries like Mexico were forced to shut down beer production.The stock declined 0.6% to $40.90 as of Friday’s close in U.S. trading.Last week J. P. Morgan analyst Celine Pannuti upgraded Anheuser Busch’s stock rating to Hold from Sell due to valuation, while keeping the $39 price target intact.At the same time, the analyst cautioned investors to stay defensive in the European beverages sector amid expectations of a “much worse” second quarter following the worst quarter in recent history for the sector due to the fast spread of the coronavirus pandemic.Overall, Wall Street analysts are cautiously optimistic about the stock’s outlook. It scores 3 Buy ratings and 6 Hold ratings from analysts, which add up to a Moderate Buy consensus. Analysts do see some recovery in the shares with the $60.02 average price target indicating 47% upside potential over the coming year. (See Anheuser-Busch stock analysis on TipRanks). Related News: Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises KKR Invests $1.5 Billion in Reliance’s Jio Platforms In Biggest Deal In Asia Beleaguered Hertz Sinks 36% In After-Market On Bankruptcy Protection Filing More recent articles from Smarter Analyst: * Macy’s Spikes 17% On Refinancing Plan To Weather Coronavirus Crisis * Redfin Brings Back Employees as Housing Market Heats Up * Eli Lilly, Junshi Biosciences To Start Human Testing Of Covid-19 Antibodies By Q2 * Merck Joins Race For Covid-19 Vaccine; Shares Rise 4.4% In Pre-Market Trading