Kevin Porter Jr. reportedly had an outburst in the Cavs' locker room last week, which prompted the team to find a way to deal him.
Google and Facebook Inc have granted an Australian local government news provider status, drawing questions about the internet giants' efforts to curate news media. Bundaberg Council, a regional government, told Reuters a website it runs received classification as a Google "news source", making it the country's first local government with that accreditation. Bundaberg also has the country's only confirmed council-run Facebook page tagged as a "News & Media Website".
One Facebook user has found a way around the issue of leaves getting into her trampoline and has shared it online.
Indonesia's air accident investigator is probing whether a problem with the autothrottle system, that controls engine power automatically, contributed to the Sriwijaya Air crash on Jan. 9 that killed all 62 people on board, an official said on Friday. National Transportation Safety Committee (KNKT) investigator Nurcayho Utomo said a problem with the Boeing 737-500's autothrottle system was reported after a flight a few days earlier. "There was a report of malfunction on the autothrottle a couple of days before to the technician in the maintenance log, but we do not know what kind of problem," he told Reuters.
Martin Mayhew returns to the franchise where he won a Super Bowl while Marty Hurney will take on a different executive role.
Australian government ministers have been hit with questions about climate targets after Joe Biden committed America to reaching net zero emissions by 2050.
The Automotive On-board Power Inverter Market will grow by $ 23.61 mn during 2020-2024
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.
Western Sydney Wanderers forward Simon Cox will remain with the A-League club rather than returning to the UK for the birth of his first child next month.
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.
Queensland Labor MP Les Walker has apologised for his pub fight on the weekend that led to him being banned from Townsville's Safe Night Precinct for 10 days.
A cross-party committee examining the national redress scheme for abuse survivors has been told some groups have been given seven years to join.
The mercury will pass the 40C mark across large swathes of NSW, Victoria and the ACT as southeast Australia cops a weekend heatwave.
Germany is moving to rid itself of a cluster of laws introduced by the Nazis, still lingering on its books 75 years after World War II.
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.
The Western Harbour Tunnel project in Sydney has received planning approval, with early construction works to begin before April.
Jennifer King spent last season as a full-year intern under Ron Rivera in Washington.