Yahoo Finance's Adam Shaprio breaks down how Nikola and Disney are faring on Wednesday.
Yahoo Finance's Adam Shaprio breaks down how Nikola and Disney are faring on Wednesday.
Division titles aren't worth much in New England, but right now that's probably the best they can hope for. So why shouldn't Bill Belichick seize this opportunity to recalibrate a title contender?
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Mexican President Andres Manuel Lopez Obrador said on Monday he is considering appealing to the United Nations for help securing the return to Mexico of pre-Hispanic artifacts held in museums abroad. "I am seriously considering presenting an initiative in the United Nations for the return of these heritage pieces to their original villages," said Lopez Obrador during his morning news conference. Lopez Obrador has asked European institutions to send pre-Hispanic artifacts to Mexico to be displayed during events to commemorate the 500th anniversary of the fall of the Aztec Empire to Spain next year.
A museum in Israel has sparked outrage with plans to sell dozens of rare Islamic antiquities, including centuries-old carpets, armaments and ceramics from across the Middle East, at a public auction. The L.A. Mayer Museum for Islamic Art in Jerusalem plans to put 190 pieces on the block at Sotheby's on Tuesday and to auction off more than 60 antique watches and timepieces later this week. The rare pieces are expected to fetch several million dollars.
(Bloomberg) -- China will impose unspecified sanctions on Boeing Co.’s defense unit, Lockheed Martin Corp. and Raytheon Technologies Corp. after the U.S. State Department approved $1.8 billion in arms sales to Taiwan last week.The sanctions will be imposed “in order to uphold national interests,” Chinese Foreign Ministry spokesman Zhao Lijian told reporters Monday in Beijing.The action follows the State Department’s approval last week of $1.8 billion in sales of new weapons for Taiwan and submission of the package to Congress for a final review. The deals, and an earlier one involving Lockheed F-16 fighters, are taking place amid rising tension between the superpowers ahead of the U.S. election next week.The new package includes 135 SLAM extended-range land attack missiles from Boeing, Himars mobile artillery rocket systems from Lockheed, and Raytheon surveillance and reconnaissance sensors to be mounted on aircraft.Boeing fell 3.7% to $161.11 at 11:32 a.m. in New York as the broader market slumped on concerns about rising coronavirus cases. Lockheed dropped 2.7% to $364.24, while Raytheon declined 3.7% to $60.23.Boeing’s 50-year relationship with China in aviation has helped the country’s “safe, efficient and profitable aviation system to keep pace with the country’s rapid economic growth,” the company said by email. Boeing sells civilian aircraft such as the 787 Dreamliner and 737 Max to Chinese airlines.“It’s been a partnership with long-term benefits and one that Boeing remains committed to,” Boeing said.Raytheon, which makes Pratt & Whitney jet engines and other aeronautics equipment, also touted its connections to China’s civil aviation industry. “We remain committed to its success,” the company said by email.Raytheon and Lockheed noted as well that foreign military sales are government-to-government transactions, made in cooperation with U.S. authorities. Lockheed said its presence in China is limited.‘One China’In August, the U.S. and Taiwan completed the sale of 66 new model F-16 Block 70 aircraft from Lockheed. Zhao, the Chinese foreign ministry spokesman, condemned it at the time, saying it violates the One China principle, interferes in China’s internal affairs and will have a “major impact” on U.S.-China relations.In July, China -- which considers Taiwan part of its territory and resists any recognition of its de facto independence -- had announced sanctions on Lockheed Martin for a previous arms sale to the island.QuickTake: Taiwan Walks Tightrope Between China and Not ChinaTaiwan will continue to urge the U.S. to fulfill its security pledge and sell weapons to the Asian country for defense needs, its foreign ministry spokeswoman, Joanne Ou, said in a statement delivered by text.U.S. arms manufacturers face strict limitations on what kind of business they can do with countries deemed by Washington to be strategic rivals, such as China. Lockheed generated 9.7% of its revenue in the Asia-Pacific region last year, according to data compiled by Bloomberg, though that’s not broken down by individual countries.China has previously threatened to sanction U.S. companies, including General Dynamics Corp. and Honeywell International Inc., on numerous occasions over arms sales to Taiwan. It also warned it could blacklist FedEx Corp., while Ford Motor Co.’s main joint venture partner in China was fined 162.8 million yuan ($24.3 million) last year, days after the U.S. put a ban on doing business with Huawei Technologies Co.While China has often invoked the threat of putting U.S. companies on a blacklist -- or list of “unreliable entities” -- in response to various actions by U.S. President Donald Trump’s administration over the past year, it has yet to name any, at least publicly.Delicate TimeFor Boeing, China’s action comes at a delicate time. The company, reeling from the hit to air travel from the coronavirus pandemic, is trying to get its besieged 737 Max plane back into the air after two fatal crashes saw it grounded around the world. China was the first place to ground the plane also has the world’s biggest 737 Max fleet.“There are a number of intangibles that could affect recertification of the Max in China and this could potentially add another dimension,” said John Strickland, director of JLS Consulting. “China took the lead in grounding the Max and it is very conscious of its role in aviation safety. There’s also the dimension of the trade tensions with the U.S., as well as the U.S. presidential election and how that turns out.”Europe’s top aviation regulator said earlier this month the plane will be safe enough to fly again before the end of this year. U.S. Federal Aviation Administration chief Steve Dickson flew the Max in September and said the controls were “very comfortable.”China, which had nearly 100 Max planes in operation prior to the grounding, doesn’t have a clear timetable for allowing the plane back into the air, Feng Zhenglin, director of the Civil Aviation Administration of China, told reporters in Beijing last week.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.
Shares fell across the globe on Monday as surging coronavirus cases in Europe and the United States clouded the world economic outlook, giving the dollar a safe-haven boost. The United States, Russia and France set new daily records for coronavirus infections as a resurgence of the virus swelled across parts of the Northern Hemisphere, forcing some countries to impose new curbs. The spreading pandemic, along with no clear progress on a U.S. stimulus package and caution ahead of the Nov. 3 U.S. presidential election dragged the MSCI world equity index down.
Ten people were shot, two fatally, during a post-funeral gathering in Mississippi over the weekend, police said. Jonathan Pitts, 42, and his sister Katrina Pitts, 41, died at the scene of the shooting late Saturday in Greenwood, the Greenwood Commonwealth reported. The siblings and other relatives from Chicago were in Greenwood to attend their grandmother’s funeral, investigators said.
KKR vs KXIP Live Score Updates: Kolkata Knight Riders are meeting Kings XI Punjab in the unofficial playoff of Indian Premier League (IPL) 2020. The encounter takes place at the iconic Sharjah Cricket Stadium on October 26. With Mumbai Indians, Delhi Capitals and Royal Challengers Bangalore set to take the top three spots in final team standings and Rajasthan Royals, Chennai Super Kings and Sunrisers Hyderabad all but out of the final four contentions. Either KKR or KXIP will most likely take the fourth spot, and the upcoming encounter could well decide the fate of both teams. Meanwhile, fans must stay tuned for the live commentary and updates of KKR vs KXIP match. KKR vs KXIP, IPL 2020 Match 46 Preview.With six wins from 11 games, KKR are placed at fourth position in the team standings with 12 points while KXIP are currently at the fifth spot with 10 points. However, Punjab’s net run rate is way better than that of Kolkata, which means they will finish higher even if both teams have equal points at last. Nevertheless, the net run rate will not even come into play if KKR defeat Punjab. All these factors make the upcoming contest crucial for both teams. KKR vs KXIP IPL 2020 Dream11 Team.Punjab are currently on a four-match winning streak and will take the field with a lot of confidence. With KL Rahul, Mayank Agarwal, Chris Gayle and Nicholas Pooran in the ranks, their batting line-up was already a spectacular job. However, their bowlers made a mark in their previous outing against Sunrisers Hyderabad. On the other hand, KKR are also coming off an emphatic victory against Delhi Capitals and will be determined to extend their winning run.Notably, KKR snatched a one-run victory from the jaws of defeat when these two sides met earlier in the tournament. However, a lot has changed since that game, and it will be interesting to see if KKR will again come on top or Punjab will topple them at the fourth position. SquadsKings XI Punjab: KL Rahul (WK/C), Mandeep Singh, Chris Gayle, Nicholas Pooran, Glenn Maxwell, Deepak Hooda, Chris Jordan, Murugan Ashwin, Ravi Bishnoi, Mohammed Shami, Arshdeep Singh, Mayank Agarwal, Karun Nair, Krishnappa Gowtham, James Neesham, Sheldon Cottrell, Sarfaraz Khan, Hardus Viljoen, Jagadeesha Suchith, Ishan Porel, Mujeeb Ur Rahman, Tajinder Singh, Darshan Nalkande, Simran Singh, Harpreet BrarKolkata Knight Riders: Shubman Gill, Nitish Rana, Rahul Tripathi, Dinesh Karthik (WK), Sunil Narine, Eoin Morgan (C), Pat Cummins, Lockie Ferguson, Kamlesh Nagarkoti, Prasidh Krishna, Andre Russell, Varun Chakravarthy, Kuldeep Yadav, Sandeep Warrier, Siddhesh Lad, Nikhil Naik, Tim Seifert, Chris Green, Rinku Singh, Ali Khan, Tom Banton, Shivam Mavi, Manimaran Siddharth
MONTREAL — Bombardier Inc. will receive less cash than it originally had agreed to in the sale of its aerostructures business to Spirit AeroSystems Holding Inc. The company said Monday it will receive US$275 million in cash in the amended deal, down from the US$500 million in cash that was first announced last year. Spirit will also assume liabilities, including government refundable advances and pension obligations, valued at US$824 million, up from US$700 million previously announced. “Today’s announcement marks another milestone towards achieving our strategic goal of repositioning Bombardier as a pure-play business jet company,” Bombardier CEO Eric Martel said in a statement. He said proceeds from the sale will strengthen its cash position as it reshapes its capital structure and address financial changes. The sale includes operations in Belfast, U.K., and Casablanca, Morocco, as well as a maintenance, repair and overhaul facility in Dallas. Concerns about the future of the deal were raised last month after Spirit said some closing conditions were unmet, injecting a degree of uncertainty into the deal. Bombardier said Monday the closing conditions have been met and the transaction is expected to close on Friday. Analyst Walter Spracklin of RBC Dominion Securities Inc. said the update was largely neutral with the sale of the aerostructures business mainly bridging the company until the sale of its railway division to France's Alstom. "Overall, while less than what investors had expected, we do see the successful sale of the aerostructures business (and the subsequent cash proceeds) as another step forward in BBD’s transition to a pure-play biz-jet company, and see the company as sufficiently funded (from a liquidity perspective) until the sale of BT to Alstom," he wrote in a report. This report by The Canadian Press was first published Oct. 26, 2020. Companies in this story: (TSX:BBD.B) The Canadian Press
Social media users are pretty sure they’ve found the “worst” cookbook of all time … or the best, depending on your perspective.
Meanwhile, Maharashtra deputy chief minister Ajit Pawar joined the list of ministers and politicians who have tested positive for COVID-19
KKR’s ace leg-spinner Varun Chakravarthy has been named in the Indian T20 squad for the upcoming tour of Australia.
The restructuring is expected to result in the closure of 50 Clarks stores and a switch to a ‘turnover rent’ model, putting hundreds of jobs on the line.
In response to COVID-19, Fitwel users continue to demonstrate their commitment to health with company-wide adoption of viral mitigation policies impacting diverse commercial and residential assetsNEW YORK, Oct. 26, 2020 /CNW/ -- Fitwel®, the healthy building certification system, is pleased to announce that QuadReal Property Group and The Tower Companies are among the first companies to certify their policies using the Viral Response (VR) module, further reflecting their leadership in advancing health and wellness through design and development practice.
Soothe your spots
Former NY Fed President Bill Dudley does not think Fed will move to negative interest rates. If they do it will scare people.
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
The Future Fund has provided more than £770 million to start-up businesses.
GREENWICH, Conn., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) announced today that it will hold a conference call to discuss its second fiscal quarter earnings on Monday, November 2, 2020 at 9:00 AM ET. The toll free dial-in number is 1-844-792-3730. There will be a recorded replay of the call available for 30 days after the call. If you are interested in hearing the recording, please dial 1-877-344-7529. The replay pass-code number is 10149626. About Oxford Lane Capital Corp. Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.Contact: Bruce Rubin 203-983-5280
FREDERICTON — The mother of Fredericton mass shooter Matthew Raymond says he constantly talked about conspiracy theories and she tried to convince him to see a doctor. Shirley Raymond took the stand today as a defence witness at the trial of her son on four counts of first-degree murder. The defence and Crown agree that Matthew Raymond killed Donnie Robichaud, Bobbie Lee Wright and Fredericton police constables Robb Costello and Sara Burns in August 2018 and that he had a mental illness. The defence is trying to prove he should be found not criminally responsible because of the mental illness. His mother told the court her son believed in demons and that the end of time was coming, but he refused to get help and said she was the one who was sick. She says that after hearing of the shootings the morning they happened, she tried calling him to tell him to stay safe, but it never crossed her mind that he was the suspect. This report by The Canadian Press was first published Oct. 26, 2020. The Canadian Press