Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Jim Ratcliffe is closing in on a roughly $33-per-share deal with the Glazer family that would see the British tycoon buy about 25 per cent of Manchester United.If agreed, the deal would value the Premier League club at about $5.4bn and implies an enterprise value of more than $6bn including debt based on the existing number of shares in issue. It would mark the most significant ownership change for the 20-times English football champions since the club’s initial public offering in…
NEW YORK – In light of recent economic indicators pointing towards reduced inflationary pressures, the Federal Reserve has hinted at a potential pause in interest rate hikes. Michael Barr, speaking at an event hosted by The Clearing House with Bloomberg’s Tracy Alloway and Joe Wiesenthal in attendance, suggested that the current economic readings are aligning with the Fed’s goal of achieving a 2% inflation target. This development comes as investors are setting their expectations for no change in the interest rates, currently ranging between 5.25% and 5.5%, at the upcoming Fed meeting next month. The sentiment for a steady policy…
© Reuters. NEW YORK – Kaman Corporation (NYSE:), an aerospace and industrial distribution company, is currently trading at $20.34, which is below its calculated intrinsic value of $28.40. Despite the stock’s notable volatility indicated by a high beta, suggesting potential future price swings, the company’s share price has seen growth today. Investors are considering the current share price as an attractive entry point, given the company’s modest growth projections. Kaman is expected to see a 7.1% increase in top-line revenue in the coming years, presenting a compelling case for both existing shareholders to increase their holdings and new investors to…
Kadestone Capital GAAP EPS of -C$0.05
The Biden administration launched an investigation late Thursday into six top U.S. universities and one local school district over alleged antisemitic and anti-Muslim discrimination.The Department of Education’s Office for Civil Rights said in an announcement that five of the complaints launched Thursday evening allege antisemitic harassment while the other two allege anti-Muslim harassment. The list of schools include three Ivy League colleges — University of Pennsylvania, Columbia University and Cornell University — in addition to Lafayette College, Wellesley College, Cooper Union and the Maize Unified School District in Kansas.”Hate has no place in our schools, period,” Education Secretary Miguel Cardona…
In 2015, Sen. Markwayne Mullin went to Israel along with several colleagues and their spouses.Two people on the trip said he picked the noses of sleeping members and their spouses on the bus.”It was just middle school,” one trip participant said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The wife of a former Republican congressman said Sen. Markwayne Mullin put his fingers in the noses of sleeping congressional spouses for photo ops on a trip to Israel.Kappy Trott, the wife of former Rep.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US defence group Northrop Grumman has pulled out of the first stage of a competition to build a new generation of satellites for UK’s armed forces, leaving just one shortlisted contender for the tender.Northrop, one of the largest space companies in the world, had teamed up with Airbus to bid for a contract to deliver a narrowband satellite service to be used for battlefield communications.The contract is part of the lucrative £6bn “SkyNet 6” programme to provide secure communications and data to…
© Reuters. U.S. President Joe Biden delivers remarks at the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 16, 2023. REUTERS/Kevin Lamarque By Leah Douglas (Reuters) – The stopgap funding bill to keep the U.S. government open signed by President Joe Biden on Thursday includes funding through next September for farm programs and food assistance, but only a few months of funds for a key nutrition program for low-income mothers and their young children. The spending bill passed by the House on Tuesday and Senate on Wednesday funds government functions through January 19 and includes a one-year…
© Reuters. FILE PHOTO: German Chancellor Olaf Scholz meets with Turkey’s President Recep Tayyip Erdogan in Ankara, Turkey, March 14, 2022. Guido Bergmann/BPA/Handout via REUTERS/File Photo By Thomas Escritt BERLIN (Reuters) -Turkish President Tayyip Erdogan arrived in Berlin for talks with German Chancellor Olaf Scholz on Friday, with both hoping to find common ground on trade, migration and defence despite views that are far apart on Israel and Moscow’s invasion of Ukraine. Erdogan’s first visit since 2020 comes ahead of municipal elections at which he hopes to win back the cities of Ankara and Istanbul. Scholz’s backing for better access…
Diego Thomazini Altamira Therapeutics (NASDAQ:CYTO) shares surged on Friday after the therapeutics developer announced partial spin-off of its subsidiary Altamira Medica for a cash consideration of around $2.3M. The company entered into a binding deal with a Swiss private equity investor to sell 51% stake in Medica, whose key asset is Bentrio – an FDA-approved drug-free OTC nasal spray used for the treatment of allergic rhinitis. Subject to customary closing conditions, the transaction is set to close on November 21, 2023. Medica will continue to operate under its current name and with current staff in collaboration with Altamira (CYTO). Altamira…