Intel Corp executives have raised the possibility of licensing chipmaking technology from outside firms, a move that could see it exchanging manufacturing secrets with rival Taiwan Semiconductor Manufacturing Co Ltd (TSMC) or Samsung Electronics Co Ltd. Intel is one of the few remaining semiconductor firms that both designs and manufactures its own chips, but the business model has come into question in recent years as the company lost its manufacturing lead to the Taiwanese and Korean companies. But licensing technology could help Intel avoid major investments in rivals' factories that outsourcing deals would likely entail.
SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against 9F Inc.
Image source: The Motley Fool. CSX Corp (NASDAQ: CSX)Q4 2020 Earnings CallJan 21, 2021, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood afternoon, ladies and gentlemen and welcome to the CSX Corporation Q3 [Phonetic] 2020 Earnings Call.
(Bloomberg) -- Shiseido Co. is in advanced talks to sell its shampoo and affordable skincare business to CVC Capital Partners for 150 billion to 200 billion yen ($1.45 billion-$1.9 billion), as the Japanese cosmetics maker shifts its focus to premium beauty products, people with knowledge of the matter said.The board of Shiseido is preparing to vote on the divestment soon, said the people, who asked not to be identified because the information isn’t public. The operations targeted for sale includes the company’s Tsubaki hair-care products and is mainly active in Japan, China and other parts of Asia.The shares of Shiseido jumped as much as 6.5% in Tokyo on Friday, the biggest intraday climb since November. The company confirmed it was in discussions with CVC Capital to sell the unit, and that “no formal decisions have been made as of yet.” An external representative for CVC declined to comment.Shiseido, founded more than 140 years ago as a pharmacy in Tokyo’s Ginza district, has been revamping its portfolio as the coronavirus outbreak has changed up cosmetic and personal care routines, dealing a blow to beauty companies. The lifestyle and personal care business represented about a 10th of Shiseido’s revenue in 2019, with annual sales of about 100 billion yen.The potential deal includes some of Shiseido’s domestic and overseas operations, the people said. Negotiations are ongoing and could still be delayed or even fall apart, the people said.Japanese companies have started looking closely at the domestic market and the health of their balance sheets as the pandemic put a stop to international travel. That means more companies are offloading non-core assets as part of their strategic review. Hitachi Ltd. in December agreed to sell a partial stake in its overseas home appliance business.Shiseido has been seeking to exit non-core businesses by the end of 2021 as part of a revamp as well. Shiseido Chief Executive Officer Masahiko Uotani has said in the past year that asset sales may be necessary as the company prioritizes cash.Read More: Shiseido Falls Most Since March as It Sees Worst Loss in DecadesFor 2020, Shiseido’s latest fiscal year, the company is projected to post an operating loss of 4.7 billion yen, compared with a profit of 114 billion yen a year earlier, according to the average of analysts’ estimates compiled by Bloomberg. Revenue is predicted to decline by 19% to 917 billion yen. Shiseido is set to report results on Feb. 9.In recent years, Shiseido has shifted its focus to its high-end prestige beauty portfolio — which includes Cle de Peau, NARS and its eponymous Shiseido brand — and done acquisitions to augment their portfolio. The beauty company paid $845 million in 2019 for Drunk Elephant, a prestige skincare brand popular with millennial and Generation Z consumers that’s known for its nontoxic ingredients and Instagram-friendly packaging.CVC’s participation adds to a trend that private equity firms are more active in eying the non-core business of Japanese companies.Last year, Blackstone Group agreed to buy Takeda Pharmaceutical Co.’s over-the-counter drug business for about $2.3 billion in the buyout firm’s largest acquisition in Japan. Carlyle Group in March 2020 raised 258 billion yen for its fourth Japan buyout fund, more than double the size of its predecessor.Read more: Cash Piles, Hostile Bids Set Stage for a Wild Japan M&A Year(Adds details of other deals in Japan from sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Stocks dipped Friday from all-time highs as restrictions to curb escalating coronavirus infections dented some of the optimism around earnings and the prospect of additional stimulus. The dollar edged higher.Equities in Hong Kong extended losses after a report that an area of the city would go into lockdown. Japanese stocks were modestly lower, but shares rose in South Korea. S&P 500 and Nasdaq 100 futures slipped after U.S. shares eked out another record high Thursday as tech stocks advanced. Treasury yields were steady.President Joe Biden, who is pushing for nearly $2 trillion in additional fiscal spending, unveiled a national strategy to combat the coronavirus while warning the pandemic will worsen before it improves.“Hong Kong headlines have fuelled a bit of a risk-off tone in markets” and drove bids for haven greenbacks, said Mingze Wu, currency trader at StoneX Group in Singapore. “Now that the party is over with Joe Biden’s inauguration, we’re back to looking at reality again, with the virus spread dominating headlines.”Malaysia extended restrictions and the Straits Times reported Singapore is considering implementing further measures to restrict the spread. Hong Kong will for the first time lockdown tens of thousands of residents in a bid to contain a worsening outbreak, the South China Morning Post reported.This week’s global equity rally on expectations of more economic support and the rollout of vaccines is pausing as traders weigh still troubling Covid-19 trends. European Central Bank President Christine Lagarde warned the virus continues to pose a serious risk after policy makers voted to keep pumping unprecedented amounts of stimulus into the economy.“While the recent rally clearly suggests that some of this recovery is already priced in, we see plenty of scope for investment flows to rotate from cash and other assets toward equities, once the recovery becomes more visible,” said Paul O’Connor, head of multi-asset at Janus Henderson Investors.Biden warned that another 100,000 lives could be lost over roughly the next month in the U.S. The nation’s infectious-disease chief Anthony Fauci said the seven-day average of new U.S. infections suggests the virus “might actually be plateauing.” Germany’s coronavirus fatalities passed 50,000 while the U.K. suffered its worst day in the pandemic.Elsewhere, Bitcoin tumbled below $30,000 as the controversial boom in digital coins fizzles. The world’s largest cryptocurrency reached a record of almost $42,000 in early January.These are the main moves in markets:StocksS&P 500 futures lost 0.3% as of 12:28 p.m. in Tokyo. The gauge closed little changed on Thursday.Japan’s Topix index slipped 0.2%.Hang Seng index declined 1.4%.Shanghai Composite lost 0.8%.South Korea’s Kospi added 0.4%.Euro Stoxx 50 futures dropped 0.4%.CurrenciesThe Bloomberg Dollar Spot Index climbed 0.1%.The yen was at 103.52 per dollar.The offshore yuan was at 6.4719 per dollar.The euro bought $1.2171 up 0.1%BondsThe yield on 10-year Treasuries held at 1.10%.CommoditiesWest Texas Intermediate crude was at $52.51 a barrel, down 1.2%.Gold dropped 0.4% to $1,862 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Asian markets fell Friday as investors took a breather following a strong week for global equities as Joe Biden took up residence in the White House, though there are concerns about the outlook for his new stimulus proposal.
Jennifer King spent last season as a full-year intern under Ron Rivera in Washington.
No adverse findings have been made against the NSW premier's office over the shredding of documents relating to a controversial government grants scheme.
CALGARY, Alberta, Jan. 21, 2021 (GLOBE NEWSWIRE) -- SmartBe Wealth Inc. (“SmartBe”) announces that, as at January 8, 2021 it has filed and obtained a receipt for a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for the issuance of units of four new ETFs, being: SmartBe Canadian Quantitative Momentum Index ETF, SmartBe Canadian Quantitative Value Index ETF, SmartBe U.S. Quantitative Momentum Index ETF and SmartBe U.S. Quantitative Value Index ETF (collectively, the “New ETFs”). The New ETFs are anticipated to launch in February 2021. SmartBe is launching the New ETFs to provide Canadian investors with access to long-only quantitative value and momentum strategies focused on Canadian and United States equity securities. “Value” is a strategy that focuses on the common stock of companies with low prices relative to fundamentals. A “value” investment style emphasizes investing in securities that, based on quantitative analysis, are considered undervalued compared to other securities. “Momentum” is a strategy that focuses on the common stock of companies that have strong relative past performance. A “momentum” style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities. The strategies for the New ETFs were chosen based on feedback from the market indicating the need for multiple solutions with a singular factor focus. Management believes the New ETFs represents a positive evolution of SmartBe’s services to Canadian investors. A preliminary prospectus containing important information relating to the units and the New ETFs has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from www.sedar.com or from SmartBe. There will not be any sale or acceptance of an offer to buy units of the New ETFs until a receipt for the final prospectus has been issued. Information contained in the preliminary prospectus may not be complete and may have to be amended. No securities regulatory authority has either approved or disapproved of the contents of this press release. This news release does not constitute an offer of securities for sale in the United States and the securities referred to in this news release may not be offered or sold in the United States absent registration or an exemption from registration. Closure of SmartBe Global Value Momentum Trend Index ETF SmartBe also announced that it will be terminating the SmartBe Global Value Momentum Trend Index ETF (“SBEA”) (ticker symbol: SBEA) effective at the close of business on or before March 30, 2021 (the “Termination Date”). The decision to terminate SBEA reflects a thorough product review and evaluation process to better serve investors through SmartBe’s suite of investment solutions in Canada. The timing of this termination notice was intended to coincide with the filing of the preliminary prospectus and anticipated launch for the New ETF’s in order to facilitate a smooth transition for SBEA unit holders. Effective immediately, no further direct subscriptions for units of the SBEA will be accepted, including any purchases made through a pre-authorized purchase plan. Units of the SBEA are expected to be de-listed from the NEO Exchange Inc., at the request of SmartBe, at the close of business on or about March 30, 2021, with all units still held by investors being subject to a mandatory redemption as of the Termination Date. Any remaining unitholders of the SBEA as at the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the SBEA, on a pro rata basis. If you hold units of the SBEA, there may be tax implications to any disposition of your holdings. We strongly urge you to contact your financial advisor to discuss the financial and tax implications associated with a redemption of units and the termination of the SBEA in your particular circumstances. SmartBe welcomes any unit holder or advisor impacted by the termination to reach out to us directly for any assistance we might provide as the Fund Manager. Certain statements included in this news release constitute forward-looking statements, including, but not limited to, the launch date of the New ETFs, the delisting date of the SBEA and those statements identified by the expressions “anticipate”, “expect”, “intend”, “will” and similar expressions to the extent they relate to the New ETFs, the SBEA or SmartBe. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although SmartBe believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. SmartBe undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. About SmartBe SmartBe Wealth Inc. is a wealth management firm and the manager of exchange-traded funds. The company partners with international and academically published index providers to construct and deliver Canadian exchange-traded funds for widespread public distribution. SmartBe is dedicated to brining new quantitative approaches to Canadian investors interested in affordable alternatives to sophisticated investment strategies. Further information can be found at www.smartbewealth.com. Contact Information SmartBe Wealth Inc. Suite 680, 330 5th Ave SW Calgary, Alberta, T2P 0L4Attention: Cecilia Chen403 930 firstname.lastname@example.org
The Twitter account of Iran's Supreme Leader on Friday carried the image of a golfer resembling former President Donald Trump apparently being targeted by a drone, vowing revenge over the killing of a top Iranian general in a U.S. drone attack. The post carried the text of remarks by Ayatollah Ali Khamenei in December, in which he said "Revenge is certain", renewing a vow of vengeance ahead of the first anniversary of the killing of top military commander General Qassem Soleimani in the attack in Iraq.
Amazon Senior Vice President of Global Corporate Affairs Jay Carney, who announced the plan in a news conference with Washington Governor Jay Inslee, said a company executive will be working with Washington State's Vaccine Command Center. The clinic will be hosted in partnership with Virginia Mason Franciscan Health.
The Japanese government has privately concluded what some believe to have been inevitable.
Murray Deakin has been found not guilty of the murder of his grandmother and a former police officer because of his schizophrenia.
The Reserve Bank of New Zealand is postponing most of its statistics releases as it investigates a cyber attack.
The German airline Lufthansa has asked the Argentine government for permission to overfly its country en route to the Falklands, Argentina said on Thursday, adding that the request implies recognition of Falklands "as part of Argentine territory," the Foreign Ministry said. Lufthansa, separately, said it made the request for two flights supporting a polar research expedition because the normal route via Cape Town has been suspended due to the coronavirus pandemic. Argentina and Britain have long disputed ownership of the Falklands, with Argentina for decades claiming sovereignty over the British-run islands it calls the Malvinas.
Star Australian pitcher Liam Hendriks says being cut five times has helped define who he is today.
Fortescue Metals founder Andrew Forrest has revealed a plan to start building an environmentally-friendly steel pilot plant in Australia, doing away with coal.
Brandon Smith is fighting to wear Melbourne's No.9 jersey this year but is prepared to leave the club at the end of the NRL season if he loses out.
PITTSBURGH, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (the “Company”) announced today the pricing of its initial public offering of 3,047,015 shares at a price of $8.50 per share. 2,350,000 of the shares are being offered by the Company and 697,015 of the shares are being offered by Montauk Holdings Limited, the selling stockholder. The shares will be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “MNTK” beginning on January 22, 2021. The shares will have a secondary listing on the Johannesburg Stock Exchange and trade under the ticker symbol “MKR” beginning January 25, 2021. The offering is subject to customary closing conditions and is expected to close on January 26, 2021. The Company expects to use the proceeds to fund the identification of, and diligence activities with respect to, potential new projects, which include evaluating new project sites, project conversions and strategic acquisitions. Roth Capital Partners is acting as sole manager of the offering. The Company has granted the underwriter a 30-day option to purchase up to an additional 352,500 shares at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 21, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus. When available, copies of the final prospectus relating to this offering may be obtained from Roth Capital Partners, 888 San Clemente, Newport Beach, CA 92660, Attn: Prospectus Department, telephone: 800-678-9147, or email email@example.com or by accessing the SEC’s website, www.sec.gov. Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and expectations regarding the use of proceeds of the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. CONTACT: Contacts Company IR firstname.lastname@example.org John Ciroli Vice President, General Counsel and Secretary
Japan's prime minister said he was "determined" to hold the Tokyo Olympics as organisers on Friday brushed off a report claiming officials think cancellation is inevitable.