[ad_1] (Bloomberg) — Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company. Most Read from Bloomberg The Kyoto-based maker of precision and automotive motors said it’s offering ¥11,000 per share for Makino Milling, a 42% premium to the company’s Thursday close. Makino Milling’s shares went untraded Friday morning because of a glut of buy orders. Nidec’s stock rose as much as 5.3% after announcing the tender offer, which was reported earlier by the Nikkei as a hostile bid. Nidec, the world’s top…
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[ad_1] CBS This Morning, a CBS News television program. Pictured is Greg Gumbel on set. Image dated January 1, 1990. CBS Photo Archive | Getty ImagesGreg Gumbel, a longtime CBS Sports broadcaster, has died of cancer, his family said Friday. He was 78.Gumbel, a play-by-play announcer and studio host who previously worked for NBC Sports, “passed away peacefully surrounded by much love after a courageous battle with cancer,” his family said in a statement released by CBS Sports.The statement was signed by his wife, Michelle, and daughter, Marcy.”Greg approached his illness like one would expect he would, with stoicism, grace and…
[ad_1] Image source: Getty Images I think these FTSE 100 shares may blast off next year following recent price weakness. Read on. Berkeley Group Conditions have been famously tough for the housebuilders lately. Higher interest rates have hammered affordability for borrowers and sales of newbuild homes. Things have been especially tough in Britain’s capital. This is reflected in London-focused Berkeley Group‘s (LSE:BKG) share price slump. So far in 2024 it’s fallen by a fifth. Could the tide in London be about to turn, however? Analysts at Rightmove think so. It’s predicting the “beginning of [a] price resurgence… with the fundamental…
[ad_1] New York, New York–(Newsfile Corp. – December 28, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Warner Bros. Discovery, Inc. (NASDAQ: NASDAQ:) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Class Period”), of the important January 24, 2025 lead plaintiff deadline. SO WHAT: If you purchased WBD securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the WBD class action, go to https://rosenlegal.com/submit-form/?case_id=31683…
[ad_1] Image source: Getty Images I’m searching for the best exchange-traded funds (ETFs) to add to my Self-Invested Personal Pension (SIPP) in the New Year. Here are two on my shopping list today. Tech titan This has been a blowout year for tech stocks, and especially those located in the US. If fresh research from eToro is anything to go by, investor interest in this share class could surge again in the New Year. According to a survey of clients, “when asked which sector they were most likely to increase their allocation to in 2025, tech stocks were by far…
[ad_1] Leading internet restaurant company Rebel Foods and global investment firm KKR announced the completion of an investment in Rebel Foods by affiliates of KKR. Through this deal, KKR will support the Company’s growth, including its expansion in India and the Middle East and adding more food and beverage brands to its portfolio. Launched in 2011 as a quick service restaurant, Rebel Foods is today the world’s largest multi-brand cloud kitchen platform, with 450 cloud kitchens serving a network of 5,000+ internet restaurants in 70+ cities across India, the UAE, and the UK, and more than two million customers globally.…
[ad_1] As traders approach another pivotal day for financial markets, Monday, December 30, 2024, brings a crucial economic data release that could sway market dynamics. The spotlight falls on the pending home sales report, which is expected to provide insights into the health of the U.S. housing market and potentially influence investor sentiment. Major Economic Events to Watch • 10:00 AM ET – Pending Home Sales (Nov): Expected 0.7%, Previous 2.0%. This National Association of Realtors report measures changes in home sales under contract, offering a forward-looking indicator of housing market activity. Other Important Economic Events to Watch • 9:45…
[ad_1] New York, New York–(Newsfile Corp. – December 27, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Marqeta , Inc. (NASDAQ: NASDAQ:) between May 7, 2024 and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 7, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Marqeta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To…
[ad_1] Offshore drillers endured a tough decade as many outfits filed for bankruptcy between 2014 and 2016 with oil prices collapsing as U.S. shale production boomed. Thankfully, the sector has seen a rebound over the past couple of years. The current year has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Activity remains particularly strong in the Middle East, Brazil and West Africa. Unfortunately, the overwhelmingly bearish sentiment that has ruled oil markets in 2024 has taken a toll on the offshore sector as traders worry whether oil prices…
[ad_1] U.Today – Critical support for is present at the 26 EMA, a level that has been holding the ground for the asset. The assets short-term trajectory will probably be determined by the ongoing battle at this price. A recovery could be possible if XRP is able to bounce there, which would indicate a reversal of the current downward trend. However, there may be serious bearish repercussions if the above is broken. In line with the descending trendline of XRP, the 26 EMA is functioning as a dynamic support. A reversal is even more crucial because of this confluence which…