Category: unit
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The Unit Denomination of Bitcoin Does Not Need To Change
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Follow Nicholas on ? here for daily posts Last week, long-time Bitcoin user John Carvalho foot A new Bitcoin Improvement Proposal (BIP) aims to address the problem of unit bias that many people encounter when first finding Bitcoin. “The BIP proposes to redefine the commonly recognized unit of ‘bitcoin’ so…
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IAI unit launches new facility in India
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The HELA Systems facility will specialize in the maintenance of radar systems. Israel Aerospace Industries (IAI) is expanding its presence in India. This week, it opened its HELA facility in Hyderabad. The facility will employ 45 expert specialists and 80 field engineers, and will specialize in radar system repair, including…
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KRA wins Sh122m tax fight with KTDA’s Dubai unit
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A UAE-based tea trading company owned by Chai Trading Company (CTCL), a wholly-owned subsidiary of giant Kenya Tea Development Agency (KTDA) Holdings Ltd, has lost a battle to prevent a Sh122.67 million levy. Claim from Kenya Revenue Authority (KRA). The Tax Appeal Tribunal (TAT) said KRA was justified in seeking…
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US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline By Reuters
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(Reuters) – A US appeals court on Friday suspended the approvals and permits needed to allow a residential project to be built Morgan’s children (NYSE:) subsidiary to build a 32-mile gas pipeline in Tennessee, at the request of environmental groups. The proposed Cumberland project, which would be built by Kinder…
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CarMax beats second-quarter revenue estimates on higher unit sales By Reuters
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By Ananta Agarwal (Reuters) – Used car retailer CarMax Inc beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in the retail segment, sending its shares up 6.4 percent in afternoon trading. Used car dealerships have had a rocky ride,…
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UAW members at Ford’s River Rouge tool and die unit set strike deadline By Reuters
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(Reuters) – The United Auto Workers union said on Wednesday it has set a strike deadline at Ford Motor Co’s (NYSE:F) tool and die unit at the River Rouge complex over local contract issues. Ford’s Rouge complex, which employs about 6,000 people, has more than 500 workers in the tooling…
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Jabil plans to set up electronics manufacturing unit in Tiruchirapalli, creating 5K jobs
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JHVEPhoto/iStock Editorial via Getty Images ByblosNew York Stock Exchange: JBL) Signed an MoU with the Government of Tamil Nadu to expand operations in Tiruchirappalli, India, at an investment of Rs. 2,000 crore. The agreement, signed in Chicago, aims to establish Jabil as a major manufacturing hub in India, complementing its…
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Investors in EABL Uganda unit eye major windfall in buyout
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Minority shareholders in Uganda’s EABL subsidiary Uganda Breweries Limited (UBL) are set to receive a windfall of up to 34 times their historical investment in the company when they sell their 1.81 percent stake to EABL through a tender that opened a week ago. Files in EABL’s 2024 annual report…
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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Nestle to keep Health Science unit after CEO’s exit, chairman tells paper By Reuters
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(Expand distribution.) ZURICH (Reuters) – Nestle intends to keep its health sciences unit, Chairman Paul Bulcke said in a newspaper interview published on Sunday, after the food giant announced it would replace Chief Executive Mark Schneider with veteran Laurent Frix. The healthcare business is among Nestle units that some analysts…
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Nestlé plans to hold onto health science unit after CEO’s departure
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Victor Gollmer/iStock Editorial via Getty Images Nestlé Chairman Paul Bulcke said in an interview with the Neue Zurich am Sonntag newspaper published on Sunday that the company plans to retain ownership of the health sciences unit. The packaged food company said last week that longtime CEO Mark Schneider had been…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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Investor says files liquidation petition in China against Evergrande unit By Reuters
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HONG KONG (Reuters) – An investor has applied to a Chinese court to liquidate a key unit of a debt-laden property developer in China. Evergrande (Hong Kong): According to a securities filing made by the petitioner on Wednesday. The investor — Vanward, a Shenzhen-listed electrical appliance maker — cited a…
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Bayer’s Monsanto unit to pay $160M settlement to Seattle over PCB pollution
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Sean Gallup/Getty Images News Bayer (OTCPK:BAYRY) (OTCPK:BAYZF) has agreed to pay $160 million to settle a lawsuit filed by the city of Seattle, Washington, which accused the company’s Monsanto unit of polluting the local Duwamish River with banned chemicals in what the city says is the largest such incident since…
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Unit trusts pile into bank deposits on higher rates
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Collective investment schemes tripled their share of assets under management in the form of cash and demand deposits to Sh35.3 billion in the 12 months to March 2024, chasing high interest rates on deposits offered by liquidity-starved banks. New data on investment fund assets released by the Capital Markets Authority…
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UnitedHealth expects bigger hit to profit from tech unit hack By Reuters
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Written by Sriparna Roy, Mariam Sani and Amina Niasse (Reuters) – UnitedHealth Inc on Tuesday forecast a bigger hit to its annual profit from a February hack at its technology unit, but maintained its full-year earnings forecast. Shares of the Minnetonka, Minnesota-based company rose about 6% to $544.32 after it…
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Carlyle in talks to buy Baxter’s kidney care unit, source says By Reuters
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(Reuters) – Private equity firm The Carlyle Group Baxter International Inc (NYSE:BAX) is in exclusive talks to buy kidney care company Vantiv for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based company rose more than 4%. The…
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Northern Data, European Bitcoin Miner, Explores IPO for US AI Unit (Report)
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Northern Data AG, a German high-performance computing infrastructure company, is evaluating the possibility of launching an initial public offering (IPO) in the United States for its cloud computing and data center units. The potential value of this IPO could reach $16 billion. According to According to Bloomberg News sources. Northern…
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Northern Data Weighs AI Unit US IPO at Up to $16 Billion Value
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Breadcrumbs Path Links PMN Business Northern Data AG is talking to potential advisers about a U.S. initial public offering of its combined artificial intelligence, cloud computing and data center businesses that could fetch a valuation of as much as $16 billion, according to people familiar with the matter. Article author:…