Queensland Police have launched a murder investigation and are questioning a man located at a separate Gold Coast property.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of investors that purchased Franklin Wireless Corp. (NASDAQ: FKWL) securities between September 17, 2020 and April 8, 2021, inclusive (the "Class Period"). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Texas on behalf of investors that purchased Intrusion, Inc. (NASDAQ: INTZ) securities between January 13, 2021 and April 13, 2021, inclusive (the "Class Period"). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Credit Suisse Group AG (NYSE: CS) American Depositary Reciepts ("ADRs") between October 29, 2020 and March 31, 2021, inclusive (the "Class Period"). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
MyPillow CEO pushes debunked election fraud conspiracies during 48-hour ‘Frank-a-Thon’ for social media platform
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(Bloomberg) -- Chinese delivery giant Meituan has raised $9.98 billion from the sale of new stock and convertible bonds as it doubles down on efforts to fight the likes of Alibaba Group Holding Ltd. in newer areas such as online groceries.The nation’s third-largest internet company has sold 187 million shares in a top-up placement at HK$273.8 each, near the top end of its marketed range, and also raised $400 million from shareholder Tencent Holdings Ltd., according to terms of the deal obtained by Bloomberg News. The $7 billion new stock issuance is the largest-ever such sale by a Hong Kong-listed company, data compiled by Bloomberg show. Meituan has also sold $2.98 billion in zero-coupon convertible bonds.The price represents a discount of 5.3% to Monday’s closing price. The convertible bonds are divided in two tranches -- $1.48 billion six-year notes and $1.5 billion seven-year paper, the terms showed.The stock and bond sales come as Meituan grapples with the cost of competing against the likes of Alibaba and Pinduoduo Inc. in newer spheres such as community e-commerce and online groceries. The company has warned it will remain in the red for several more quarters despite record revenues as it spends heavily on new initiatives.“It makes sense to raise money to make more of a shift into autonomous delivery, seek to delve into more technology-focused areas especially under the backdrop of the anti-monopoly” drive, said Zhou Luyun, an analyst at Northeast Securities Co. in Shanghai. “The pricing shows that the market buys this blueprint.”Meituan intends to use the proceeds from the offerings for technology innovations, including the research and development of autonomous delivery vehicles, drones delivery, and other cutting-edge technology, and general corporate purposes, the terms showed.READ: Meituan Flags More Losses After Delving Into Hot Commerce Arenas“They are going into new areas including group purchases and those need a lot of capital and they need a war chest to compete,” said Kerry Goh, chief investment officer at Kamet Capital Partners Pte. “Valuations are still pretty decent compared to a year ago.”Community buying is one of Meituan’s chief expansion areas, where buyers in the same neighborhood enjoy bulk discounts on fresh produce. But the firm faces entrenched competition from other Internet giants.All three main ratings agencies lowered their outlook on Meituan after it reported earnings last month, with S&P Global Ratings and Moody’s Investors Service saying that its large investments in community e-commerce would come at a heavy cost, generate negative free cash flow and dampen earnings.Meituan’s focus on developing fast-growing new businesses comes as China’s economic recovery has helped the world’s largest meal-delivery service increase orders, while its hotels and travel businesses have benefited from a rebound in domestic travel when the country reined in the pandemic.The company has begun using self-driving vehicles for grocery delivery in the Chinese capital since the Covid-19 outbreak last year, with at least 15,000 orders being completed so far, Wang Xing, the company’s chief executive officer, told analysts during a conference call in March. Wang said Meituan is also experimenting with how to deliver food using drones in the southern Chinese city of Shenzhen.READ: Meituan Now Has More Cash Than PDD, JD to Fight Rivals: NomuraTencent is delving deeper into Meituan at a time global investors are souring on the Chinese tech sector due to heightened regulatory scrutiny. Meituan has lost some $123 billion of its value since a Feb. 17 high, pummeled by fears that Beijing’s crackdown on Jack Ma’s Internet empire will expand beyond Alibaba and Ant Group Co. to engulf other sector leaders like Tencent and Meituan.“After this placement, some short-term investors could sell the stock and shares could trade in a range of HK$250-HK$300 for a while,” said Paul Pong, managing director at Pegasus Fund Managers Ltd. “In the medium to longer term, online platform operators like Meituan and Tencent still have a solid growth outlook.”Bank of America Corp. and Goldman Sachs Group Inc. are joint global coordinators and joint bookrunners for both the bond and equity offerings. CLSA Ltd. and UBS Group AG are also joint bookrunners for the top-up placement.(Adds another analyst comment in the fifth 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.
Brazil's economic recovery is at crunch time for meeting lofty quarterly growth expectations just as a sudden inflation spike adds to worries about the coronavirus pandemic's devastation and unconvincing budget plans, a Reuters poll showed. Part of the recovery is due to President Jair Bolsonaro's opposition to lockdowns, a decision many blame for why Brazil has become the world's epicenter of the pandemic, with a healthcare system on the verge of collapse.
VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) announces that it has granted 2,100,000 options to acquire common shares to certain directors and officers of the Company. The options are exercisable at a price of $0.25 per share and are valid for a period of five years. ABOUT SCOTTIE RESOURCES CORP. Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Cambria Project properties and the Sulu property. Scottie Resources holds more than 25,000 ha of mineral claims in the Golden Triangle. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. Further information on Scottie can be found on the Company’s website at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902. Forward Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Boris Johnson has promised football fans he will do everything possible to give the “ludicrous” European Super League a “straight red”. The so-called Big Six of the English Premier League faced a furious backlash after the unveiling of proposals for a breakaway tournament. The Duke of Cambridge – who is the president of the Football Association – was among those who voiced his dismay at the “damage” the plan would do to the national game.
Chad Townsend appears set to join North Queensland as the NRL club seek to replace the retired Michael Morgan and Newcastle-bound Jake Clifford.News Corp has reported that the 30-year-old Townsend has verbally agreed to a three-year, $2 million deal with the Cowboys - as they look rebuild their squad after missing out of the finals the past three year and struggling again in 2021.
Ontario Premier Doug Ford said on Monday the province expects to face a delay in the supply of AstraZeneca Plc COVID-19 vaccine, as he faces significant blowback for his handling of the pandemic in Ontario. "The Premier was notified today by our officials to be prepared for delays to two shipments of AstraZeneca expected from the federal government later this month and next," a statement from Ford's office said. Ford has faced widespread criticism in recent days as Ontario's pandemic spirals out of control, and he has sought to shift the blame to the sluggish supply of vaccines coming from the federal government.
NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Leidos Holdings, Inc. (NYSE: LDOS) between May 4, 2020 and February 23, 2021, inclusive (the “Class Period”), of the important May 3, 2021 lead plaintiff deadline. SO WHAT: If you purchased Leidos securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Leidos class action, go to http://www.rosenlegal.com/cases-register-2035.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the purported benefits of Leidos’ acquisition of L3Harris’ Security Detection & Automation businesses were significantly overstated; (2) Leidos’ products suffered from numerous product defects, including faulty explosive detection systems at airports, ports, and borders; (3) as a result of the foregoing, Leidos’ financial results were significantly overstated; and (4) as a result of the foregoing, defendants’ positive statements about Leidos’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Leidos class action, go to http://www.rosenlegal.com/cases-register-2035.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org email@example.com www.rosenlegal.com
The following are the top stories on the business pages of British newspapers. - The Bank of England and the Treasury have announced that they are setting up a taskforce to explore the possibility of a central bank digital currency. Rishi Sunak, the chancellor, has asked the Bank of England to look at the case for a new "Britcoin", aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin.
Apr.19 -- Jay Barry, JPMorgan Head of USD Government Bond Strategy, discusses the Treasury yields slump amid strong economic data. He speaks with Bloomberg's Alix Steel and Guy Johnson on "Bloomberg Markets."
(Bloomberg) -- Asia stocks slipped at the open Tuesday after weakness in the technology sector pulled U.S. indexes from all-time peaks, with investors weighing corporate earnings and recent spikes in virus cases. The yen hit its strongest level since early March.Shares fell in Japan and Australia and futures pointed lower in Hong Kong. U.S. contracts edged higher. The tech-heavy Nasdaq 100 Index underperformed in the U.S. session, while the S&P 500 Index also fell. Tesla Inc. led the declines after concerns about a fatal crash of one of its electric vehicles, which appeared to have no driver.Treasury yields slipped back below 1.6% and the dollar dipped.Investors are awaiting further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace. The bright spot in the latest reports was the first revenue gain for International Business Machines Corp. in eleven quarters. Even with this latest pullback in major indexes, and the latest grim news on the spread of Covid-19, global stocks are trading near record highs.“We do think the market is a little overextended here,” Dave Sekera, chief U.S. market strategist at Morningstar Investment Services, told Bloomberg TV, adding that broad U.S. equities look about 5% overvalued. “Having said that we do still see value in a couple of areas, the value category being one.”Here are some key events to watch this week:Apple’s first product unveiling of the year on Tuesday.Reserve Bank of Australia releases minutes of its policy meeting on Tuesday.EIA crude oil inventory report on Wednesday.European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases new home sales dataThese are some of the main moves in markets:StocksS&P 500 futures were up 0.2% as of 9:05 a.m. in Tokyo. The S&P 500 fell 0.5%. The Nasdaq 100 fell 1%Japan’s Topix Index slid 1.5%Korea’s Kospi Index edged up 0.2%Australia’s S&P/ASX 200 Index slipped 0.4%Hong Kong’s Hang Seng Index futures retreated 0.5%CurrenciesThe yen extended overnight gains, rising 0.2% to 108.02 per dollarThe offshore yuan was at 6.5083 per dollarThe Bloomberg Dollar Spot Index fell 0.1%The euro was at $1.2044BondsThe yield on 10-year Treasuries slipped one basis point to 1.59%CommoditiesWest Texas Intermediate crude rose 0.2% to $63.50 a barrelGold was up 0.1% at $1,772.58 an ounceFor 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.
EXCLUSIVE: The Labour Party leader is also in favour of limiting ownership to reduce the amount of control clubs such as the current ‘Big Six’ occupy
A controversial decision to form a breakaway European Super League was taken “to save football” and in part motivated because “young people are no longer interested” in the game, Real Madrid president Florentino Perez said on Tuesday. Speaking for the first time since 12 top European clubs announced on Sunday that they would form a new elite league, the new chairman of the Super League said football needed to evolve and adapt to the times. "Whenever there is a change, there are always people who oppose it... and we are doing this to save football at this critical moment," Perez said on the Spanish TV show El Chiringuito de Jugones.
Angela Merkel's party early on Tuesday firmly backed Armin Laschet to be the conservative bloc's chancellor candidate at Germany's upcoming elections, hoping to draw a line under a bitter battle with challenger Markus Soeder.
(Bloomberg) -- Oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.West Texas Intermediate rose 0.2% in Asia after closing modestly higher on Monday. In the U.S., refinery runs climbed to the highest in over a year as economic activity picked up, but oil demand in India is suffering amid a brutal fresh wave of coronavirus infections. The dollar fell for a sixth straight session on Monday, boosting the appeal of commodities priced in the currency.Crude is up more than 30% in 2021 as investors bet the reopening of economies will stoke consumption and keep draining global inventories. As demand picks up, the Organization of Petroleum Exporting Countries and its allies are planning a cautious return of some supply from next month. The OPEC+ grouping may skip a full-scale ministerial meeting planned for next week, possibly indicating members don’t see much need to revise current strategy.Oil’s forward curve suggests growing confidence, with the widely watched spread between WTI’s contracts for December this year and 2022 at the widest backwardation in about a month. That’s a bullish pattern, with prices for the final month of 2021 more than $4 a barrel above those a year further out. Brent’s prompt spread is also backwardated, with a gap of 60 cents a barrel. At present, OPEC+ has decided to revive just over 2 million barrels a day of the 8 million it’s been keeping offline, with the supply to be returned in stages over the three months to July. If the ministerial gathering is scrapped, the coalition may go ahead with just a monitoring committee meeting on April 28.Later Tuesday, investors across markets will track a high-profile speech from China’s President Xi Jinping at the Boao Forum on Asia. The address is expected to touch on the risks and challenges that the world is facing, and what solutions China can offer to promote development and prosperity.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.