New York-based hedge fund Engine Capital LP sent a letter to the company’s board of directors on Wednesday “to express our support for Simpson Oil Limited’s recent public request for a strategic review at Parkland.” Simpson Oil, which is Parkland’s largest shareholder with a 19.7-per-cent ownership stake, called last week for the company to Parkland rejected Simpson’s call for a potential sale in a statement earlier this week that said a strategic review was unnecessary.
The CER said it is sending inspectors to the area to monitor and oversee the company’s response and determine the impact of the incident. Mobileye did not disclose the names of the customers for EyeQ6 because it was bound by non-disclosure agreements. The company counts Volkswagen and Porsche among its customers.
Canceled projects will account for as much as US$140-million of the total charges, while severance and employee-related costs are expected to be up to US$35-million, it said. Take-Two will also reduce some office space as part of the move.) increased after the New York Times reported the U.S. Federal Trade Commission is preparing to sue to block its US$8.-billion deal to buy Michael Kors owner
“The most significant incoming questions have focused on deal break valuation as well as long-term Capri shareholder interest,” TD Cowen analyst Oliver Chen said. The second study tested the drug in combination with continuous positive airway pressure therapy and patients showed an average 62.8-per-cent drop in events of irregular breathing.) were higher after rival Adidas reported quarterly results above expectations and hiked its 2024 guidance on strong demand for its sneakers.
In a turnaround led by CEO Bjorn Gulden, Adidas has resumed the sales of its Yeezy line after a bruising break-up with rapper West, who goes by Ye, to clear remaining stock while seeking to boost its popular retro styles. Freight companies in the United States have been seeing weaker transport volumes as sticky inflation keeps the consumer spending low on new goods.
The Arkansas-based company’s net earnings fell 35 per cent to US$1.22 per share in the quarter. Analysts on average estimated earnings per share of US$1.52 per share, according to LSEG data.) was down on Wednesday after it asked its shareholders to once again approve CEO Elon Musk’s record-breaking US$56-billion pay that was set in 2018, but was rejected by a Delaware judge in January.
“We do not agree with what the Delaware Court decided, and we do not think that what the Delaware Court said is how corporate law should or does work,” board chairperson Robyn Denholm wrote in a letter included in the regulatory filing.
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