Nidec posts 4.5% dip in third quarter profit
TOKYO (Reuters) – A Japanese maker of electric motors, Nidec Corp, posted on Wednesday a third-quarter operating profit of 44.3 billion yen, down from a corresponding figure of 46.4 billion…
Lonza’s full-year core EBITDA up 20.7% on vaccine demand
By Ludwig Burger (Reuters) -Swiss drug contract manufacturer Lonza said core earnings gained 20.7% in 2021, shored up by demand for the substances it supplies for new mRNA COVID-19 vaccines.…
Cheapest EV Stock On The Planet. Trades Below Cash On-hand.
Massive insiders ownership 40% is Bullish $250 million USD cash on-hand Very high short interest Over $2 billion yearly revenue forecast No debt Produced and delivered over 3,600 commercial electric…
Activist investor Blackwells Capital to call on Peloton to fire CEO -WSJ
(Reuters) – Activist investor Blackwells Capital LLC is preparing to push Peloton Interactive (NASDAQ:PTON) Inc’s board to fire Chief Executive Officer John Foley and explore a sale of the exercise…
Cathay Pacific to post narrower-than-expected 2021 annual loss
(Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) Ltd said on Monday it expected to post a narrower-than-expected HK$5.6 billion ($719.05 million) to HK$6.1 billion annual loss for 2021 but…
Asia shares tense as Fed looms, Ukraine a concern
By Wayne Cole SYDNEY (Reuters) – Asian share markets slipped on Monday with the Federal Reserve expected to confirm it will soon start draining the massive liquidity that has fuelled…
Nelson Peltz’s Trian builds stake in Unilever – source
By Svea Herbst-Bayliss (Reuters) – Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever (NYSE:UL) Plc, ratcheting up the pressure on the consumer goods maker, a…
Kohl’s under fresh pressure as Sycamore expresses interest after Acacia made bid
By Svea Herbst-Bayliss (Reuters) -U.S. department store Kohl’s Corp (NYSE:KSS) may soon receive a second takeover offer as private equity firm Sycamore Partners prepares to make a bid only days…
Hong Kong’s financial sector faces talent crunch as expats head for the exit
By Scott Murdoch and Kane Wu HONG KONG (Reuters) – Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to…
U.S. embassy calls for calm, dialogue after brawl in Honduras’ Congress
The United States embassy in Honduras on Saturday called for calm and dialogue after lawmakers brawled in Congress a day earlier amid a dispute over who would head up the…