tyb
Hitachi to unload metals unit as US investors circle
Bain Capital and KKR among potential bidders for Hitachi Metals
Hitachi has begun accepting bids for listed unit Hitachi Metals, Nikkei has learned, looking to unload what was once considered a core subsidiary as it nears the end of a major group realignment.
Big American investment funds including Bain Capital and KKR are reportedly considering offers. Hitachi, which owns roughly 53% of the unit, plans to narrow down the candidates within the month in preparation for choosing a buyer.
Hitachi is restructuring the group toward a growth strategy centering on information technology, and Hitachi Metals, whose strengths include specialty steel for autos and aircraft, is seen as having little synergy with this new direction. Hitachi also plans to sell half its 51% stake in Hitachi Construction Machinery as part of this realignment.
Because Hitachi Metals produces materials for defense equipment, there have been concerns about the prospect of its sale to a foreign buyer. The public-private Japan Investment Corp. could partner with funds that bid for the company to create a Japanese-American consortium.
Hitachi Metals was once considered one of Hitachi's three main units, along with Hitachi Chemical, which was acquired by Showa Denko in April, and Hitachi Cable, which was absorbed by Hitachi Metals in 2013.
The metal manufacturer is expected to report a net loss of 46 billion yen ($443 million) for the fiscal year ending in March, amid a slump in the auto industry on top of a scandal involving falsified quality control test reports that came to light in April. The company announced a turnaround plan last month that includes cutting about 10% of its personnel by fiscal 2021.
https://asia.nikkei.com/Business/Business-deals/Hitachi-to-unload-metals-unit-as-US-investors-circle
U.S. jobless claims jump 31,000 to 742,000 amid record coronavirus surge
The numbers: New U.S. applications for state unemployment benefits rose in mid-November for the first time in more than a month, pointing to added stress on the economy from a record increase in coronavirus cases.
Initial jobless claims increased by a seasonally adjusted 31,000 to 742,000 in the seven days ended Nov. 14. Economists polled by MarketWatch had forecast initial jobless claims to total 710,000. Another 320,237 people applied for benefits through a temporary federal-relief program that expires at the end of the year, the government said Thursday. The combined number of new state and federal jobless claims have yet to fall below 1 million a week since the onset of the pandemic. The number of people already collecting state-provided benefits, meanwhile, fell by 429,000 to a seasonally adjusted 6.37million in the week ended Nov. 7. These are known as continuing claims. Federal continuing claims rose by an unadjusted 233,458 to 4.38 million in the week ended Oct. 31, the latest data available .
The number of people receiving these federal benefits has more than tripled since August, underscoring the fragile nature of the labor market. A growing number of workers still can’t go back to work and face the permanent loss of their jobs. Others simply can’t find anything available.
Altogether, the number of people receiving benefits from eight separate state and federal programs declined by 841,245 to an unadjusted 20.3 million as of Oct. 31. It’s unclear how many people exhausted benefits or found work.
moar
https://www.marketwatch.com/story/u-s-jobless-claims-jump-31-000-to-742-000-amid-record-coronavirus-surge-11605793299
they have shown they ignore ANY proof of anything they have done.
proved they made up most of the shit they spammed yet they continued.
Palantir Technologies Inc. sold by C.O.O/EVP: $15.98m-Nov 16-17
Palantir Technologies Inc. builds software platforms for institutions. The Company operates two segments: commercial, which serves customers working in non-government industries, and government, which serves customers that are agencies in the United States federal government and non-United States governments. It has built two software platforms, Palantir Gotham (Gotham) and Palantir Foundry (Foundry). Gotham is a software platform, which is constructed for analysts at defense and intelligence agencies. Gotham enables users to identify patterns hidden within datasets, ranging from signals intelligence sources to reports from informants, and helps the United States and allied military personnel. Foundry creates a central operating system for organization’s data. Individual users can integrate and analyze the data. Number of employees : 2 391 people.
https://www.marketscreener.com/quote/stock/PALANTIR-TECHNOLOGIES-INC-113108869/company/
Peter Thiel joins board of antibody therapy developer AbCellera
Billionaire venture capitalist Peter Thiel has joined AbCellera Biologics Inc's board of directors, the Canadian antibody therapy developer said on Thursday.
Thiel, who has backed several startups as they went public, is an existing investor in AbCellera. He joins the startup's board a couple of months after Reuters reported that it had hired investment banks for a U.S. initial public offering, which could come this year. AbCellera has been working with Eli Lilly and Co to develop a treatment for the novel coronavirus.
https://www.marketscreener.com/business-leaders/Peter-Thiel-180/news/Peter-Thiel-joins-board-of-antibody-therapy-developer-AbCellera--31822947/
https://www.finviz.com/insidertrading.ashx?oc=1824159&tc=7&b=2
Palantir Technologies Inc. sold by CEO: $20.29m-Nov 16
https://www.finviz.com/insidertrading.ashx?oc=1823951&tc=7&b=2
Palantir Technolgies Inc. sold by President and Secretary: $29.59m-Nov 16,17,18
https://www.finviz.com/insidertrading.ashx?oc=1823920&tc=7
Not that there is much to be missed on it (QR) at this point.
Cess-pool of fuckery
Been here before as you already know.
You do a great job with wut you have and thank you for continuing to operate this.
Much respect and appreciation your way T
ty anon
know all about that faggot and crew
It never bothered me..them with the attacks cause I knew what it was about.
Seems to be a trait with the BO's on QR
;)
no experience on half was just a lurker and never posted once