), a provider of logistics services with a market value of roughly US$6-billion, soared on reports it is exploring a potential sale after receiving takeover interest.) in 2021, is working with a financial advisor to field acquisition interest from suitors, which include rival logistics providers, a source told Reuters, requesting anonymity as the discussions are confidential.
As part of the agreement, the bank’s primary U.S. regulator, the Office of the Comptroller of the Currency , is alsoTD Bank’s dirty laundry: Inside the cultural shift that seeded a money laundering crisis, succession woes and a leadership exodus The deal, for 1.1 billion pounds including debt, could kick off a bidding war for Tritax EuroBox, which backed last month an all-share takeover deal by British warehouse owner Segro.
European logistics, including warehouses, have been a bright spot in a struggling commercial real estate market, as the boom in e-commerce creates demand for more space. Private equity giant Blackstone last month agreed to buy an 80-per-cent stake in a European warehouse portfolio run by landlord Burstone .) was lower after it reported a loss of US$34.7-million in its first quarter, compared with a loss of US$55.9-million in the same quarter last year, as its net revenue rose 13 per cent.
On an adjusted basis, Tilray says it lost a 1 US cent per share in its latest quarter compared with an adjusted loss of 4 US cents per share a year earlier.The company, which began selling software it calls “Full Self-Driving” nine years ago that still can’t drive itself, is expected to show off the so-called “Cybercab” vehicle, which may not have a steering wheel and pedals.
“I don’t know why the headlines continue to be `What will Tesla announce?’ rather than `Why does Tesla think we’re so stupid?”' said Bryant Walker Smith, a University of South Carolina law professor who studies autonomous vehicles. “The challenge is developing a combination of hardware and software plus the human and digital infrastructure to actually safely drive a vehicle even without a steering wheel on public roads in any conditions,” Mr., Walker Smith said. “Tesla has been giving us that demo every year, and it’s not reassuring us.”
“People like to be home during the election period,” CEO Ed Bastian said on CNBC, adding that the slowdown in discretionary spending will be not be limited to the airline industry. Delta said the steps taken by U.S. airlines to lower capacity improved its pricing power across regions in the third quarter. It expects the trend to continue in the December quarter.
Delta reported an adjusted profit of US$1.50 per share in the September quarter, lower than the US$1.52 estimated by analysts, mainly due to mass flight cancellations following a global cyber outage.) was down after former CEO Ian Read and ex-CFO Frank D’Amelio said they will not be involved with activist investor Starboard Value, which reportedly wants the U.S. drug giant to make changes to turn its performance around.
As a result, competition has heated up in the fast-food industry with burger chains, including McDonald’s and Burger King, offering some meals at price points around $5.
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