Hints and tips:
...The deal has been in the works since December, when Nippon offered $55 a share in cash for the company, months after it had rebuffed a lower offer from US-based Cleveland-Cliffs....
...The British company concluded that the US and UK would not approve the sale of its latest Neoverse V series because the performance was too high, according to people with knowledge of the sales process....
...“The sales of these products have fallen off a cliff so it’s all about past damages....
...Before most people knew what a camera was, the V&A was already amassing photographs....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...Companies: American Airlines will hold its first investor conference since the pandemic. The company is expected to share its long-term strategy to expand its business and earnings....
...UK: ONS March public sector finances and Kantar grocery market share data US: new home sales Results: Akzo Nobel Q1, Alliance Pharma FY, Anglo American Q1 production report, ASA International Group FY...
...For one thing, management seems to have traded English understatement for American optimism....
...A £25bn impairment on its Reynolds American unit, coupled with lower growth estimates, incinerated nearly a tenth of the company’s value....
...It is building a facility in Penang, but some US lawmakers already want to restrict American companies from collaborating on RISC-V projects....
...We’re working on a paper that, borrowing from American Express, we’re thinking of titling “membership has its privileges”....
...Ranches for sale in Wyoming are often advertised with the amount of public land contained within....
...British American Tobacco risks falling between the two stools. Its traditional business — which accounts for more than 85 per cent of sales and all of the profits — is struggling....
...Companies are already feeling the pain. Admittedly, we are American provincials here at Unhedged; this is a US-focused newsletter by design....
...Amy Edmondson, ‘Right Kind of Wrong: Why Learning to Fail Can Teach Us to Thrive’ (2023) Favourite: American Icon: Alan Mulally and the Fight to Save Ford Motor Company, by Bryce Hoffman....
...US Steel on Sunday rejected a $7.3bn acquisition bid from rival Cleveland-Cliffs, the largest North American producer of flat-rolled steel, hours after it said it had hired financial advisers to evaluate...
...Capitalism reins in the sale of US Steel In August, Cleveland-Cliffs wrapped its unsolicited bid for US Steel in an American flag....
...What they really want to replicate is the American framework of government and private companies working in concert to maintain national economic and military dominance....
...“Higher-income households will not be falling off a cliff, but they will start to become more cautious,” said Morgan Stanley’s Wolfe....
...North American steel companies have undergone a wave of consolidation in recent years dominated by four players: Cleveland-Cliffs, US Steel, Nucor and Steel Dynamics....
...Chinese companies aren’t competing for as many American companies given rising tensions between Washington and Beijing, while high US interest rates have led to private equity firms pulling back on deals...
...Chinese companies are not competing for as many American companies, as a result of rising geopolitical tension between Beijing and Washington....
...Similar flag-waving was on display from the very first line of Cleveland-Cliffs’ bid announcement, which promised to create an American steel company to rank among the world’s top 10....
...Health was the best-performing category, with growth driven by the company’s “intimate wellness” brands — which include Durex, Queen V and K-Y — and improving performance in China....
...The country’s housing production hasn’t kept pace with household formation since the Great Financial Crisis of 2008, when the number of housing unit starts dropped off a cliff....
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