Money
Analog Devices to acquire Maxim Integrated for $21B
- July 13, 2020
If the chipmakers' proposed combination goes through, Analog Devices will pay a 17 percent premium to snap up Maxim. The overall price is higher than Maxim's $ 17 billion valuation at the close of trading Friday. All three companies focus in analog and embedded computing factors. Once a sleepy backwater of the industry, this segment has enjoyed a resurgence as the list of uses and customers has grown in recent years. (more...)
- July 13, 2020
If the chipmakers' proposed combination goes through, Analog Devices will pay a 17 percent premium to snap up Maxim. The overall price is higher than Maxim's $ 17 billion valuation at the close of trading Friday. All three companies focus in analog and embedded computing factors. Once a sleepy backwater of the industry, this segment has enjoyed a resurgence as the list of uses and customers has grown in recent years. (more...)
Anthem Wrestling Received PPP Loan From The Government
- July 13, 2020
Almost three weeks after the loan was approved, the Ohio Democratic Party criticized the Paycheck Protection Program for granting an outsized amount of aid to larger companies while leaving smaller companies behind. Small-business owners face challenges re-opening and operating their business as the pandemic continues, with 59% saying it's very or moderately hard to stock up on hand sanitizer and 40% having trouble getting enough face coverings, according to the survey. (more...)
- July 13, 2020
Almost three weeks after the loan was approved, the Ohio Democratic Party criticized the Paycheck Protection Program for granting an outsized amount of aid to larger companies while leaving smaller companies behind. Small-business owners face challenges re-opening and operating their business as the pandemic continues, with 59% saying it's very or moderately hard to stock up on hand sanitizer and 40% having trouble getting enough face coverings, according to the survey. (more...)
Sundar Pichai announces Google's Rs 75,000 crore fund for India's digital economy
- July 13, 2020
He also explored the idea of virtual labs that can be used by students as well as farmers. " Sundar Pichai briefed the PM about new products and initiatives by Google in the country", the Prime Minister's office said in a statement. "I was delighted to know more about the efforts of Google in several sectors, be it in education, learning, Digital India , furthering digital payments and more", he said in another tweet. (more...)
- July 13, 2020
He also explored the idea of virtual labs that can be used by students as well as farmers. " Sundar Pichai briefed the PM about new products and initiatives by Google in the country", the Prime Minister's office said in a statement. "I was delighted to know more about the efforts of Google in several sectors, be it in education, learning, Digital India , furthering digital payments and more", he said in another tweet. (more...)
Oil falls before OPEC meeting to discuss future of output cuts
- July 13, 2020
The coalition cut even more than promised in June as the Saudis made additional reductions to speed up the recovery process, the IEA said. In point of fact, according to the IEA (International Energy Agency) crude oil demand forecast for 2020 that released on Friday, the Paris-based intergovernmental autonomous organization that was formed in 1974, a year after the great oil crisis of 1973, in order to maintain global co-operation on supply and demand of energies and related by-products, ... (more...)
- July 13, 2020
The coalition cut even more than promised in June as the Saudis made additional reductions to speed up the recovery process, the IEA said. In point of fact, according to the IEA (International Energy Agency) crude oil demand forecast for 2020 that released on Friday, the Paris-based intergovernmental autonomous organization that was formed in 1974, a year after the great oil crisis of 1973, in order to maintain global co-operation on supply and demand of energies and related by-products, ... (more...)
Reliance closes deal with 4 investors, gets ₹30,062 crore
- July 13, 2020
On July 9, Jio Platforms received the investment amount from Facebook for Rs43,574 crore against a 9.99% stake - highest among the investments. A person familiar with the matter at one of the 12 firms that has backed Reliance Jio Platforms said that the Indian firm is also enticing as globally companies are trying to cut down their reliance and exposure on China. (more...)
- July 13, 2020
On July 9, Jio Platforms received the investment amount from Facebook for Rs43,574 crore against a 9.99% stake - highest among the investments. A person familiar with the matter at one of the 12 firms that has backed Reliance Jio Platforms said that the Indian firm is also enticing as globally companies are trying to cut down their reliance and exposure on China. (more...)
Wayfair Says There's "No Truth" to Human Trafficking Claims
- July 13, 2020
So, it's a little sketchy that Wayfair is slinging utility cabinets for upwards of $20,000. Some of the names were the same as children who went missing in recent years. That post, like so many other conspiracy theories, offered this notion as a mere possibility and said that it would be stomach churning "if ... true". (more...)
- July 13, 2020
So, it's a little sketchy that Wayfair is slinging utility cabinets for upwards of $20,000. Some of the names were the same as children who went missing in recent years. That post, like so many other conspiracy theories, offered this notion as a mere possibility and said that it would be stomach churning "if ... true". (more...)
United States stocks rise as financial shares rally
- July 12, 2020
The increases follow two pieces of good coronavirus-related news on the medical front. The USA registered the biggest single-day improve in new Covid-19 infections globally for the second day in a row on Thursday. Analysts expect profits for S&P 500 companies to plunge about 44%, the steepest drop since the 2008 financial crisis, according to IBES Refinitiv data. (more...)
- July 12, 2020
The increases follow two pieces of good coronavirus-related news on the medical front. The USA registered the biggest single-day improve in new Covid-19 infections globally for the second day in a row on Thursday. Analysts expect profits for S&P 500 companies to plunge about 44%, the steepest drop since the 2008 financial crisis, according to IBES Refinitiv data. (more...)
Harley Davidson Cutting 700 Jobs As Manufacturer Rewires Its Motorcycle Business
- July 12, 2020
Harley-Davidson announced it will lay off 500 employees this year as part of efforts to revive the struggling US motorcycle maker. Harley-Davidson said Chief Financial Officer John Olin, a company veteran who held that role since 2009, has departed the company as part of the changes. (more...)
- July 12, 2020
Harley-Davidson announced it will lay off 500 employees this year as part of efforts to revive the struggling US motorcycle maker. Harley-Davidson said Chief Financial Officer John Olin, a company veteran who held that role since 2009, has departed the company as part of the changes. (more...)
Electric Truck Maker Rivian Raises Another $2.5 Billion, Its Biggest Investment Yet
- July 12, 2020
Existing investors Amazon and BlackRock also participated in the round. Rivian has done pretty well in terms of attracting investors to help with the development of its R1T and R1S electric pickup and sport-utility vehicle. A universal chassis also provides certain manufacturing efficiencies. Competitor Tesla is known worldwide and though Rivian has not achieved that status as of yet, the company has slowly worked its way up. (more...)
- July 12, 2020
Existing investors Amazon and BlackRock also participated in the round. Rivian has done pretty well in terms of attracting investors to help with the development of its R1T and R1S electric pickup and sport-utility vehicle. A universal chassis also provides certain manufacturing efficiencies. Competitor Tesla is known worldwide and though Rivian has not achieved that status as of yet, the company has slowly worked its way up. (more...)
Windsor's unemployment rate drops, but recovery remains slow
- July 12, 2020
Even with the increase in jobs in June, StatCan said there were nearly 44,000 fewer people working in Saskatchewan than the same period a year ago. "June estimates suggest improvements in the region's labour market conditions with renewed growth in the labour force". (more...)
- July 12, 2020
Even with the increase in jobs in June, StatCan said there were nearly 44,000 fewer people working in Saskatchewan than the same period a year ago. "June estimates suggest improvements in the region's labour market conditions with renewed growth in the labour force". (more...)
Birthday food run leads to big virus fines
- July 12, 2020
That's why paramedics, who had stopped off at a KFC in Dandenong for some food, were surprised to hear a vehicle in drive-thru place an order for 20 meals. Worryingly, however, police also issued fines to four sex workers in Glen Waverley, in what stands as a troubling precedent for people in the industry. (more...)
- July 12, 2020
That's why paramedics, who had stopped off at a KFC in Dandenong for some food, were surprised to hear a vehicle in drive-thru place an order for 20 meals. Worryingly, however, police also issued fines to four sex workers in Glen Waverley, in what stands as a troubling precedent for people in the industry. (more...)
Aston Martin's first SUV rolls off production line
- July 12, 2020
Quite whether it will reach those targets now is unclear, but let's celebrate the good news while it's here: Aston Martin's new SUV is in production, and it's being put together in Wales. It also speaks volumes for the dedication and skills of the world class work force we have right here in Wales'. Customer deliveries are scheduled to begin later in July, the company said. (more...)
- July 12, 2020
Quite whether it will reach those targets now is unclear, but let's celebrate the good news while it's here: Aston Martin's new SUV is in production, and it's being put together in Wales. It also speaks volumes for the dedication and skills of the world class work force we have right here in Wales'. Customer deliveries are scheduled to begin later in July, the company said. (more...)
AirAsia in talks to secure funding of over $230 million
- July 12, 2020
His statement comes amidst emphasis of matter by auditor Messrs Ernst & Young on material uncertainty relating to going concern in respect of the company's audited financial statements for the financial year ended 31 December 2019. Khazanah, which holds stakes in the country's top companies Axiata Group Bhd. and IHH Healthcare Bhd., plans to keep increasing the proportion of its assets invested overseas from less than 20% now, he said. (more...)
- July 12, 2020
His statement comes amidst emphasis of matter by auditor Messrs Ernst & Young on material uncertainty relating to going concern in respect of the company's audited financial statements for the financial year ended 31 December 2019. Khazanah, which holds stakes in the country's top companies Axiata Group Bhd. and IHH Healthcare Bhd., plans to keep increasing the proportion of its assets invested overseas from less than 20% now, he said. (more...)
Barbados Is Considering Offering A 12-Month Visitor Stamp For Remote Workers
- July 11, 2020
Prime Minister Mia Amor Mottley is looking at plans to introduce a "12-month Barbados welcome stamp" that would allow visitors the option to work remotely from the Caribbean island for a year at a time. It is also excluded from the Foreign Office warning against all but essential overseas travel. Virgin Atlantic, the other airline that runs a direct service from the United Kingdom, is set to restart flights from Heathrow on August 1, again with a weekly service. (more...)
- July 11, 2020
Prime Minister Mia Amor Mottley is looking at plans to introduce a "12-month Barbados welcome stamp" that would allow visitors the option to work remotely from the Caribbean island for a year at a time. It is also excluded from the Foreign Office warning against all but essential overseas travel. Virgin Atlantic, the other airline that runs a direct service from the United Kingdom, is set to restart flights from Heathrow on August 1, again with a weekly service. (more...)
Coinbase Is Reportedly Eyeing An IPO
- July 11, 2020
The cryptocurrency exchange is preparing to go public, Reuters reported yesterday. The firm is in talks with banks and law firms about going public in late 2020 or early 2021, says Reuters , citing sources. Reuters have confirmed that Coinbase has already started the listing process. This means that underwriters will not be able to underquote a share price to make the biggest return once the shares begin trading. (more...)
- July 11, 2020
The cryptocurrency exchange is preparing to go public, Reuters reported yesterday. The firm is in talks with banks and law firms about going public in late 2020 or early 2021, says Reuters , citing sources. Reuters have confirmed that Coinbase has already started the listing process. This means that underwriters will not be able to underquote a share price to make the biggest return once the shares begin trading. (more...)
Powerball $80 million winning numbers are revealed
- July 11, 2020
One mystery Australian has woken up a multi-millionaire after winning the $80 million Powerball jackpot last night, they just don't know it yet! 'We're standing by able to crown our sixth Powerball division one victor of 2020, ' The Lott spokesperson Matt Hart stated. (more...)
- July 11, 2020
One mystery Australian has woken up a multi-millionaire after winning the $80 million Powerball jackpot last night, they just don't know it yet! 'We're standing by able to crown our sixth Powerball division one victor of 2020, ' The Lott spokesperson Matt Hart stated. (more...)
Coronavirus: Boots to axe 4,000 staff as sales tumble
- July 11, 2020
The job losses come after the announcement of almost 9,000 high street redundancies last week, with cuts at retailers ranging from Harrods to the Topshop owner Arcadia group and SSP, the company behind hundreds of railway and airport eateries including Upper Crust . (more...)
- July 11, 2020
The job losses come after the announcement of almost 9,000 high street redundancies last week, with cuts at retailers ranging from Harrods to the Topshop owner Arcadia group and SSP, the company behind hundreds of railway and airport eateries including Upper Crust . (more...)
Vodafone and BT Need Five Years Minimum to Remove Huawei
- July 11, 2020
Britain will decide by July 22 whether to impose a total ban on superfast 5G telecom equipment made by China's Huawei Technologies, Prime Minister Boris Johnson's spokesman said on July 6. The British government has said new USA sanctions on chip technology could damage Huawei's ability to supply crucial networking equipment. In a different session of the same hearing, Telecom companies Vodafone and BT also spoke of the high cost of removing Huawei. (more...)
- July 11, 2020
Britain will decide by July 22 whether to impose a total ban on superfast 5G telecom equipment made by China's Huawei Technologies, Prime Minister Boris Johnson's spokesman said on July 6. The British government has said new USA sanctions on chip technology could damage Huawei's ability to supply crucial networking equipment. In a different session of the same hearing, Telecom companies Vodafone and BT also spoke of the high cost of removing Huawei. (more...)
Toyota Corolla Cross compact SUV makes global debut
- July 11, 2020
It has also been confirmed that the Corolla Cross will be introduced in other markets in the near future. Corolla series has become a best-seller with cumulative sales of about 48 million cars in some 150 countries worldwide. It measures 4,460 mm in length, 1,825 mm in width and 1,620 mm in height. It's unclear what powertrains New Zealand may get, like the current 2.0-litre 125kW/200Nm petrol engine. (more...)
- July 11, 2020
It has also been confirmed that the Corolla Cross will be introduced in other markets in the near future. Corolla series has become a best-seller with cumulative sales of about 48 million cars in some 150 countries worldwide. It measures 4,460 mm in length, 1,825 mm in width and 1,620 mm in height. It's unclear what powertrains New Zealand may get, like the current 2.0-litre 125kW/200Nm petrol engine. (more...)
Boohoo surges after agencies find no modern slavery
- July 11, 2020
The Boohoo group chief executive, John Lyttle, said the board is taking the matters seriously, adding: "We will not hesitate to terminate any relationships where noncompliance with our code of conduct is found". It said it has already canceled contracts with two suppliers that were in breach of its policies. Boohoo issued a statement on Wednesday, saying it was "shocked and appalled" by the claims in The Sunday Times . (more...)
- July 11, 2020
The Boohoo group chief executive, John Lyttle, said the board is taking the matters seriously, adding: "We will not hesitate to terminate any relationships where noncompliance with our code of conduct is found". It said it has already canceled contracts with two suppliers that were in breach of its policies. Boohoo issued a statement on Wednesday, saying it was "shocked and appalled" by the claims in The Sunday Times . (more...)
Latest news
Google reportedly tells employees to keep working from home until July 2021