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Activist Toshiba directors selected to serve as directors
... firm, to split in two, was voted down by stock owners in March. Toshiba is looking at other strategic options and has a deadline on May 30 for non-binding proposals from investors, including bids to go private. People familiar with the matter told Bloomberg News that Japan Investment Corp. , a government-backed fund, is considering making an offer. Among the buyout firms that are considering bids are Bain Capital , Blackstone Inc. , CVC Capital Partners and KKR Co., according to Bloomberg. Read ...
Updated: 05/26/2022
IndiGo shares up 10% after Q4 loss
... loss. Fuel expenses of the airline increased by 68 per cent to Rs 3,220. In Q4 there were 58 crore from 1,914 p.a. In the same period last year, 45 crore were spent. The loss was more than the average estimate of Rs 830 crore from analysts tracked by Bloomberg . In Q3 the company had reported a small but surprise profit of 128 crore. The airline earned 29 per cent higher revenue of Rs 8,020. 75 crore at a better yield of Rs 4.24 per kilometer, compared to Rs 3.76 a year ago. As the airline manages ...
Updated: 05/26/2022
New Luna token will be launched on the Binance network
... to push the success of the new blockchain in a bet to recoup their previous losses. The prices of Luna and UST have gone down to virtually zero at some point, and thousands of investors have lost money because of the collapse of Terra. According to Bloomberg, the price of Luna went up about 18% on Wednesday, though it was less than a fraction of a cent. It traded for more than $100 in April. The price of the new Luna token isn't known. The new blockchain will need support from major exchanges, as ...
Updated: 05/26/2022
Apple raises pay for workers to combat inflation
In order to combat rising inflation in a tight labor market, Apple Inc. has raised salaries for workers in the US.State of the Fed Saw Aggressive Hikes Providing Flexibility Providing Electric Technology False It In order to combat rising inflation in a tight labor market, Apple Inc. has raised salaries for workers in the US. None of the Fed Saw Aggressive Hikes Providing Flexibility Later This Year None Biden Demands the US Stand Up to Gun Makers After Texas Attack FBI Says that no plot to kill...
Updated: 05/26/2022
Philippines’s Finance Department to be headed by Bloomberg president Marcos Jr
The finance department will be headed by Bloomberg Ferdinand Bongbong Marcos Jrude according to a person familiar with the matter. Jinping Pacressive Hikes Providing Flexibility Conduct Electressive Haks Providing Energy Providing Future Now The finance department will be headed by Bloomberg ...
Updated: 05/26/2022
Asia Stocks to Rise as Fed Open to Being Nimble
Asia Stocks to rise as Fed Open to Being Nimble: Markets Wrapped Huawei After the US equities advanced as Federal Reserve minutes struck a less hawkish note than markets had expected, Bloomberg stock markets in Asia look set for a positive open. Asia Stocks to rise as Fed Open to Being Nimble: Markets Wrapped After the US equities advanced as Federal Reserve minutes struck a less hawkish note than markets had expected, Bloomberg ...
Updated: 05/25/2022
Venture Global LNG Going Ahead with $13 Billion Funding
Bloomberg Venture Global LNG is moving ahead with a second liquefied natural gas export terminal on the Gulf Coast after arranging $13.2 billion of financing, a move that will support the position of the biggest suppliers of fuel as demand booms. Bloomberg ...
Updated: 05/25/2022
Elon Musk drops Twitter buyout plan with margin loan, adds $33.5 billion to Tesla
... billion of equity, which he has to come up with and $12.5 billion in margin loans secured by his Tesla stock. He announced on May 5 that he d secured equity commitments from other investors, which cut the margin loan to $6.25 billion. According to the Bloomberg Billionaires Index Bloomberg Billionaires Index, Musk is the world's richest person, with a personal fortune of $200 billion. He co-founded Tesla, which is a carmaker that has a stake in it. In the hours after-hours trading at 4: 58 p.m. in ...
Updated: 05/25/2022
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