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Tag: SYND

Iberdrola’s Avangrid Ends $4.3 Billion Deal With PNM Resources
2Jan By adminNo Comments
World

Iberdrola’s Avangrid Ends $4.3 Billion Deal With PNM Resources

Updated Jan. 2, 2024 3:55 am ETIberdrola’s U.S. renewables subsidiary Avangrid has ended a merger agreement with power company PNM Resources after rejecting a bid to extend the deadline of the $4.3 billion deal reached in October 2020.The Spanish energy company said Tuesday that Avangrid—which is 81.5%-owned by Iberdrola and houses its U.S. renewable-energy assets as well as electric and natural-gas utilities—terminated the deal after conditions for closing it weren’t met in the timeframe the parties agreed to.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Lee Jae-myung, Head of South Korean Opposition Party, Is Stabbed
2Jan By adminNo Comments
World

Lee Jae-myung, Head of South Korean Opposition Party, Is Stabbed

Updated Jan. 2, 2024 2:17 am ETSEOUL—The head of South Korea’s opposition party was stabbed in the neck during a Tuesday visit to the port city of Busan.Lee Jae-myung, the 59-year-old leader of South Korea’s Democratic Party, remained conscious after being attacked by a male assailant, who was arrested at the scene, according to South Korea’s semiofficial Yonhap News Agency. Blood could be seen on his shirt collar. Lee was transported to a hospital in Busan within 20 minutes of the attack, Yonhap reported.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Double Dipping in Opioid Lawsuits
2Jan By adminNo Comments
Health

Double Dipping in Opioid Lawsuits

The plaintiffs bar never met a business it wouldn’t sue, and now the lawyers are using government authority to pursue private interests. In their latest business model, trial lawyers are hired by state attorneys general to help prosecute public lawsuits then use it to the advantage of their private lawsuits. Kudos to one company for pushing back. In December pharmacy benefit manager OptumRx filed a motion in federal court in Ohio to disqualify Motley Rice, a South Carolina plaintiffs firm suing the company in multidistrict opioid litigation. Motley has been retained by state attorneys general and city prosecutors in Washington, D.C., Hawaii and Chicago to handle the government’s litigation, but it continues to represent private clients in related litigation.Copyright ©2024 Dow Jones &...
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U.K. Shop-Price Inflation Held Steady in December, Report Says
2Jan By adminNo Comments
World

U.K. Shop-Price Inflation Held Steady in December, Report Says

Annual U.K. shop-price inflation was unchanged in December, with growth at the lowest rate since June 2022, a report by NielsenIQ and the British Retail Consortium showed Tuesday.Prices at U.K. stores were up 4.3% on year in December, matching November’s rate and below the three-month average rate of 4.6%.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Optimism Abounds on Wall Street This New Year
2Jan By adminNo Comments
World

Optimism Abounds on Wall Street This New Year

Wall Street is feeling sunny about the stock market as the calendar flips to 2024.Last year’s widespread skepticism proved to be misplaced. Stocks rose through much of 2023, powered by the rise of artificial intelligence and an economy that stayed stronger than nearly all of Wall Street had anticipated. The recession that investors had largely agreed was imminent never came.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business
2Jan By adminNo Comments
Technology

Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business

Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China.As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Michigan Overcomes Alabama—and Recent History—to Reach National Title Game
2Jan By adminNo Comments
World

Michigan Overcomes Alabama—and Recent History—to Reach National Title Game

Updated Jan. 1, 2024 9:45 pm ETPASADENA, Calif.—Michigan arrived at the Rose Bowl with plenty of baggage. There was the coach, Jim Harbaugh, once again dogged by rumors that he will imminently depart for the National Football League, and with a dismal bowl game record of one win in seven tries. There was its recent history—two previous trips to the College Football Playoff that both ended in losses. There were the twin scandals, yet to be resolved by the NCAA.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chinese State-Owned Firms Establish $1.4 Billion Fund
2Jan By adminNo Comments
World

Chinese State-Owned Firms Establish $1.4 Billion Fund

Two Chinese state-owned companies will establish a 10 billion yuan ($1.41 billion) fund to invest in companies with real estate project assets.Under the agreement, New China Life Insurance will be the limited partner providing CNY9.9 billion in capital and China International Capital Corp.will act as general partner that will manage the fund, New China Life said late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Tariffs and the Common Man
2Jan By adminNo Comments
Business

Tariffs and the Common Man

With Donald Trump leading the 2024 polls while calling for a 10% universal tariff, the new GOP protectionists are trying to sell this idea as a boon for the working class. The evidence exposes this folly: Trade wars invite painful retaliation, prop up politically favored industries at the expense of others, and raise prices on consumers like an invisible tax. They hurt the average worker.The economic literature on this point is voluminous. To pick one place to start, here was the conclusion of a study of Mr. Trump’s last trade wars, written in 2019 by two Federal Reserve economists: “We find that U.S. manufacturing industries more exposed to tariff increases experience relative reductions in employment as a positive effect from import protection is offset by larger negative effects from r...
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