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Toshiba swings again, chooses Bain group to buy chip unit

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Reuters reported on Wednesday that the decision was made by Toshiba's board and would be announced later in the day. The race for acquiring the Toshiba unit intensified recently as the Bain-SK Hynix alliance raised its offer to 2.4 trillion yen, higher than the initial offer of 1.94 trillion yen, after WD raised its own offer from the initial 1.9 trillion yen. Read More »

New European steel giant expects to cut 4000 jobs

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The companies have signed a Memorandum of Understanding (MoU) in 50:50 joint venture for their European assets. "The two joint venture partners expect that leveraging the cost synergies across the entire entity will require a reduction in workforce over the years ahead by up to 2,000 jobs in administration and potentially up to 2,000 jobs in production". Read More »

FCA Announces Huge Recall of Heavy Duty Ram Trucks

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FCA issued the recall after it was determined that the water pumps could overheat in certain conditions posing an engine-compartment fire. It no longer uses the type of water pump involved in the recall. Fiat Chrysler encouraged customers to consult a dealer whenever a warning lights pops up. Dealers will inspect the water pump and replace it if necessary. Read More »

BTS breaks records with new album 'Love Yourself Her'

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K-pop boy band BTS has set records for Korean singers on YouTube, Spotify and iTunes with their new album " Love Yourself: Her ". Since its worldwide release on September 18th, both the album and its lead track have dominated the iTunes charts worldwide. Read More »

Monday Memo: Boeing investor day, Fed interest rate decision

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Traders were also analyzing reports that the European Central Bank is unsure of when to begin shrinking its EUR60 billion a month of bond purchases and that the Bank of Canada is concerned it may risk boosting its currency too much, threatening its own recovery. Read More »

Morning Scan Equifax hack claims two executives; Cagney out at SoFi

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Now, trading down at $92, Equifax has replaced two senior executives after one of the biggest cyberattacks in history. This comes after Equifax announced a data breach that exposed the personal information of 143 million Americans. Consumers calling the number Equifax set up initially complained of jammed phone lines and uninformed representatives, and initial responses from the website gave inconsistent responses. Read More »

UK, Canada To Secure FTA Immediately After Brexit

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Boeing petitioned the U.S. Commerce Department and the U.S. International Trade Commission to investigate subsidies of Montreal-based Bombardier's C Series aircraft. Canada struck another "clean energy" initiative with the US under former president Barack Obama in 2009. Bombardier is the largest aerospace company in Canada. Read More »

Northrop Grumman Is Buying Orbital ATK for about $7.8 billion

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Shares of Orbital ATK surged 22 percent at the opening bell Monday in a year when the stock of most major defense contractors have hit all-time highs as clashes escalate. The company was upgraded on Tuesday, August 11 by Argus Research. Goldman Sachs Group, Inc. The rating was maintained by RBC Capital Markets on Friday, June 2 with "Buy". Read More »

Hong Kong - The Emerging Winner of China's Bitcoin Ban?

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The ban in China, reported by SiliconANGLE on Sept. 11 but seemingly mostly unnoticed by the market until Chinese exchange BTCC announced it would be closing Sept. "Bitcoin is by proxy unregulated and peer-to-peer, it's a very volatile currency". Other regulatory upgrades included the introduction of a new committee on financial stability and development, announced during a two-day National Financial Work Conference in July. Read More »

Taco Bell to phase out drive-thru at some locations, adding booze

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The new restaurants will be created to express the local vibes with artwork, open kitchens, and digital menu boards, says Grams. This is just the latest in Taco Bell's attempt to revolutionize their brand. Food & Wine reports the fast-food restaurant that urges you to "think outside the bun" and consider it for "fourth meal" plans to open between 300 and 350 new locations without a drive-thru lane by 2022. Read More »

Tata Sons spends Rs3,228.36 crore to hike stakes in group companies

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Tata Sons is looking to protect JLR from a potential takeover by purchasing as much as 20 billion rupees ($312 million) of Tata Motors shares. The buyer is offering a maximum of Rs 421.56 a share, representing 4 per cent premium to the stock's closing price on Monday, according to the term sheet. Read More »

Toys R Us Files for Bankruptcy Protection

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Boss Dave Brandon said: 'We are confident that we are taking the right steps to ensure that the iconic Toys R Us and Babies R Us brands live on for many generations.' He said millions of families would visit the firm's stores in the run-up to Christmas. Read More »

Equifax says hackers stole data on 100000 Canadians

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According to Bloomberg , which cites "three people familiar with the situation", this other breach took place in March. The previous hack may have been carried out by the same attackers who eventually stole troves of personal information. Avivah Litan, an analyst with industry-research firm Gartner Inc., said Equifax should have also disclosed any earlier breach if one occurred. Investigators and consumers alike want to know how a trusted custodian of so many Americans' private data could let ... Read More »

AG Jim Hood Warns of Scam Websites Posing as Equifax

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When you get your credit score in the mail each month, Equifax appears at the upper right of the statement . The company has said the managers didn't know of the breach at the time they sold the shares. Equifax says on its website that it continues to work closely with the Federal Bureau of Investigation in its investigation. The executive retirement announcements come as a direct result of the massive data breach revealed by Equifax on September 7. Read More »

Adidas just achieved the unthinkable by overtaking Nike Jordans in USA sales

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According to Rovell, Adidas captured 11.3 percent of the market share from January 2017 through August 2017-a notable jump from its 6.6 percent in the same span a year ago. Nike Inc (NYSE: NKE ) has been the dominant player in the US athletic shoe market for decades, but an overseas rival has begun to put a serious dent in its market share. Read More »

Rahm, Rauner Sending Delegation to Amazon's Seattle Headquarters

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The tech giant said it would consider sites in metropolitan areas of at least one million people with access to public transit, major highways and global airports. In case Bezos, the owner of the rival Washington Post newspaper, didn't pick up today's New York Times, Freeman-Wilson also tweeted a copy of the ad to him. Read More »

Post Holdings to buy Bob Evans Farms for $1.53B

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Public Employees Retirement System of OH now owns 3,610 shares of the restaurant operator's stock valued at $259,000 after buying an additional 29 shares in the last quarter. Overall, volume was down 12.52% under the stocks normal daily volume. In other Bob Evans Farms news, SVP Thomas Alan Ashworth sold 7,100 shares of the stock in a transaction that occurred on Thursday, June 22nd. Read More »

Sprint Corp surges on reports of T-Mobile merger talk

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Sources told CNBC both carriers and their parents, Deutsche Telekom and Softbank, are in active talks about a stock-for-stock merger, with T-Mobile parent Deutsche Telekom emerging as the majority owner. The deal would have to be approved by the Department of Justice, and that would mean a lengthy review process during which time a million different things can change. Read More »

Bank Stocks Getting a Lift on Higher Rates

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However the US central bank could give indications on when it plans to begin unwinding its balance sheet, as well as on any future interest rate decisions. Michael Kors KORS.N rose about 2.56 percent after Oppenheimer upgraded the stock to "outperform" from "perform". Prime Minister Shinzo Abe is considering calling a poll for as early as next month to take advantage of his improved approval ratings and disarray in the main opposition party, according to government and ruling party sources. Read More »

Walgreens gets regulator's nod to buy Rite Aid stores

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Vanguard Group Inc. now owns 69,985,653 shares of the pharmacy operator's stock valued at $5,480,577,000 after purchasing an additional 1,926,108 shares during the period. Walgreens Boots Alliance has a 52-week low of $75.18 and a 52-week high of $89.69. ( NASDAQ WBA ) traded up 0.61% during trading on Monday, hitting $83.00. Read More »