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REUTERS/Kim Kyung-HoonTOKYO, Oct 26 (Reuters) - Japan's Nidec Corp (6594.T) increased its full-year earnings outlook by 6% on Tuesday, as the precision electric motor maker benefited from increased demand from home appliance makers, auto companies and others. The company expects a full-year operating profit of 190 billion yen ($1.6 billion) compared with an earlier forecast of 180 billion yen. That is lower than an average 192.2 billion yen prediction based on estimates from 20 analysts, according to Refinitiv data. The company's second-quarter operating profit rose 10% to 45.6 billion yen from a year earlier, worse than analysts' average estimate of 46.8 billion. Those production delays resulted in a 2.5 billion yen loss in the business segment for the second quarter, the company said.
Persons: Kim Kyung, Hoon, Nidec, Shigenobu Nagamori, Nagamori, Tim Kelly, Shri Navaratnam, Rashmi Organizations: REUTERS, Nidec Corp, France's Peugeot SA, Germany's Bosch, Toyota, Thomson Locations: Tokyo, Japan, Serbia, Vietnam
REUTERS/Eloy AlonsoEDP Renovaveis (EDPR), 75% owned by EDP, Portugal’s biggest utility, is in late-stage talks to buy the stake held in Sunseap by Thai energy firm Banpu PCL, Singapore state investor Temasek Holdings, a Temasek-backed fund and others, the sources said. EDPR’s move to snap up the Singapore-based solar energy group reflects the world’s fourth largest renewable energy producer’s ambition to accelerate its growth in Asia. The potential EDPR deal would make it the biggest in Southeast Asia’s renewables sector for five years, according to data from Refinitiv. Banpu holds a nearly 49% stake in Sunseap through a subsidiary, which it has built up since its initial investment in the group in 2017. Decade-old Sunseap is now a regional solar energy system developer, owner and operator, with more than 2,000 megawatt-peak of solar energy projects contracted across Asia.
Persons: Eloy Alonso, EDPR’s, Banpu, EDPR, , Sunseap Organizations: Sunseap Group, Energias, REUTERS, EDP, PCL, Temasek Holdings, Temasek, Sunseap Locations: SINGAPORE, LISBON, Energias, Portugal, Portuguese, Oviedo, Spain, Sunseap, Singapore, Temasek, Asia, Refinitiv, Southeast Asia, China, Taiwan, Japan, Indonesia, Vietnam, United States, Europe
A bird flies near the Association of Southeast Asian Nations (ASEAN) secretariat building, ahead of the ASEAN leaders' meeting in Jakarta, Indonesia, April 23, 2021. REUTERS/Willy KurniawanBANDAR SERI BEGAWAN, Oct 26 (Reuters) - A summit of Southeast Asian leaders got underway on Tuesday without a Myanmar representative, after its junta leader was excluded for failure to follow a regional peace deal and the ruling military refused to send junior representation. Neither Brunei, the Association of Southeast Asian Nations (ASEAN) chair, nor the bloc's secretary-general made a mention of the no-show in opening remarks at the virtual meeting. Brunei had said the bloc would invite a non-political representative from Myanmar, but there was no confirmation of this by the opening of the summit. In deciding to sideline the Myanmar junta boss, ASEAN cited his failure to make steps to end hostilities, initiate dialogue, allow humanitarian support and grant a special envoy full access in the country.
Persons: Willy Kurniawan BANDAR, BEGAWAN, Min Aung Hlaing, Joe Biden, Suu Kyi's, Michael Vatikiotis, Bandar Seri Begawan, Tom Allart, Kay Johnson, Michael Perry Organizations: Association of Southeast Asian Nations, ASEAN, REUTERS, Assistance Association for Political, National Unity Government, EU, Ain, Thomson Locations: Jakarta, Indonesia, Myanmar, Brunei, U.S, United States, China, South Korea, ASEAN, Cambodia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam, Asia, Geneva, Bandar Seri
Japan's Emperor Akihito (R) toasts with South Korea's President Roh Tae-woo during an imperial banquet hosted by the emperor at the Imperial Palace in Tokyo, Japan, May 24, 1990, in this photo released by Kyodo. In response and to distance himself from Chun, Roh issued the "June 29 Declaration", announcing significant political reforms including the direct election of the president. As the original driving force behind the 1988 Seoul Olympics, Roh helped South Korea forge a new international identity. Local media dubbed it the "trial of the century" as it dug up many of the dirtiest secrets from South Korea's era of strongman rule. Son Roh Jae-heon is a certified lawyer in New York state and the president of the East Asia Culture Center in Seoul.
Persons: Akihito, Roh Tae, Roh, South Korea's, Chung, hee, Chun Doo, Chun, Roh's, Jae, Kim Young, Kim, Son Roh Jae, Chey Tae, Sangmi Cha, Josh Smith, Jane Wardell, Clarence Fernandez Organizations: South, Kyodo, National University Hospital, Korean Military Academy, House, United Nations, Blue, East Asia Culture Center, SK Group, Thomson Locations: Tokyo, Japan, SEOUL, Korean, Seoul, South, ignominy, Talsong County, Taegu, Fort Bragg , North Carolina, Vietnam, Russia, China, South Korea, Gwangju, New York
(Hamblin is the author of the book "The Wretched Atom: America's Global Gamble with Peaceful Nuclear Technology.") Most focused on the potential for nuclear explosions to quickly excavate areas for construction projects at lower costs than conventional explosives. Fly the radioactive skiesUS officials also hoped nuclear energy could be used for transportation. Nicknamed the "pan-atomic canal," nuclear explosions would have carved a sea-level waterway through Nicaragua, Panama, or Colombia, per Forbes. Corbis via Getty ImagesFor Hamblin, the concept of "peaceful nuclear explosions" fell out of favor in the mid-70s.
Persons: Jacob Hamblin, Hamblin, Dwight D, Eisenhower, Alex Wellerstein, you've, Dr Leonard Reiffel, Alaska's Cape Thompson, Edward Teller, detonations, Rio, Iran —, , Corbis, Ann Ronan, Wellerstein, Marshall, we're Organizations: Service, US Department of Energy, White, U.S . Department of Energy Office, Scientific, Technology, Atomic Energy, United Nations, IAEA Imagebank, United, UN, US Atomic Energy Commission, Institute of Radiation, Google, NASA, Sputnik, Air Force, U.S . Department of Energy, National Nuclear Security Administration, AEC, of Energy, Popular Mechanics, New York Times, Carryall, Forbes, Atomic Energy Commission, Getty, IAEA Locations: Suez, Nevada, United Nations, New York, Hitachiomiya, Japan, Soviet Union, Alaska's Cape, inconveniently, Israel, Panama, Nicaragua, Colombia, Pacific, Farmington , New Mexico, Rulison , Colorado, Rio Blanco, , Colorado, Iran, Mercury , Nevada, USA, Cuba, Vietnam, Colorado, New Mexico, Nevada —, Marshall, Atoll
THE GLOBAL ECONOMY: China's economy is teetering on the brink of disaster. If the bottom falls out, the whole world could be dragged down by the collapse of its second-largest economy. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Economists expect this ideological shift to slow growth even more, which in turn would make China's attempts to transform its economy that much more precarious.
Persons: Phil Rosen, that's, Insider's Linette Lopez, Morgan Stanley, Xi Jinping, Trump, Read, Xi, Mark Zuckerberg, Frances Haugen, Zuckerberg, Joe Biden, There's, Democratic Sen, Joe Manchin, Mitch McConnell, Olivier Douliery, Here's, Donald Trump, Lori Lightfoot, Dave Chappelle, he's, Chappelle, Winston Churchill Organizations: iOS, Android, Communist Party, European Union, China, Facebook, Washington Post, New York Times, Democratic, DC Marijuana, Getty, Top, Republicans, Associated Press, New York, Police Benevolent Association, Times, Trump, Netflix, CNN, White House Locations: Beijing, China, Xinjiang, Vietnam, AFP, EU, Sudan, York, New York, Chicago
FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo(Reuters) -Citigroup Inc on Monday warned of significant charges related to the closing of its consumer banking business in South Korea, months after announcing its exit from 13 markets across Asia, Europe, Middle East and Africa. The charges will largely comprise payouts to employees related to voluntary termination benefits, discussions for which have already started with employee unions, Citigroup said, adding the charges will be spread across till the end of 2023. The bank said it was, however, unable to estimate the charge it will take. Besides South Korea, the bank will also divest its retail banking arms in Australia, Bahrain, China, India, Indonesia, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam, it said in April.
Persons: Andrew Kelly, Jane Fraser’s Organizations: Citibank, New York Stock Exchange, REUTERS, Citigroup Inc, Citigroup Locations: Manhattan , New York City, U.S, South Korea, Asia, Europe, Middle East, Africa, Australia, Bahrain, China, India, Indonesia, Malaysia, Philippines, Poland, Russia, Taiwan, Thailand, Vietnam
Cambodia's Prime Minister Hun Sen speaks with media during a news conference at the Government Office in Hanoi, Vietnam October 4, 2019. REUTERS/KhamPHNOM PENH, Oct 25 (Reuters) - Cambodia's parliament on Monday passed constitutional amendments barring holders of the country's top posts, including prime minister, from being citizens of other countries. Prime Minister Hun Sen had on Oct. 6 ordered the justice ministry to make the changes, which also allow the upper and lower houses speakers, and the head of the constitutional council, to only hold Cambodian citizenship. read moreHe said this was "to show loyalty to the nation and avoid foreign interference". A Reuters Special Report in October 2019 showed family members and key police, business and political associates of Hun Sen had bought foreign nationality via a citizenship for sale arrangement in Cyprus.
Persons: Hun Sen, Heng Samrin, Sam Rainsy, Prak Chan, David Holmes Organizations: Cambodia's, Government, REUTERS, Cambodian, Cambodian National Assembly, National Assembly, Senate, Royal Government, Constitutional Council, Facebook, Guardian, Reuters, Thomson Locations: Hanoi, Vietnam, Kham PHNOM PENH, Kingdom of Cambodia, Cypriot, Cyprus, Paris, Cambodia
Former Facebook employees gave details about Mark Zuckerberg's management style to The Washington Post. The former employees said that Zuckerberg had become more isolated inside his own company. The report by The Post outlined Zuckerberg's management style based on interviews with former Facebook staffers and information gleaned from the Facebook Papers. The Post said that the company tightly controls information about Zuckerberg as well as information that reaches him. The former employees told the Post that Zuckerberg had massive influence at the company that went further than what was publicly known.
Persons: Mark Zuckerberg's, Zuckerberg, , Mark Zuckerberg, Frances Haugen, Brian Boland Organizations: Facebook, Washington Post, Service, Post Locations: Vietnam
US Special Operations Command is shifting its focus toward competition with a near-peer power. Some within Air Force Special Operations Command, which is part of SOCOM, are skeptical of the weapon. US Air Force Special Operations CommandEarly digital renderings of the amphibious aircraft show a pair of skids attached under the fuselage. The Air Force has been working on a number of concepts to make its aircraft harder to target. Stavros Atlamazoglou is a defense journalist specializing in special operations, a Hellenic Army veteran (national service with the 575th Marine Battalion and Army HQ), and a Johns Hopkins University graduate.
Persons: Greg Davis, Griffin, SOCOM, Lee Schading, let's, Maeson, Maj, Kristen Cepak, Stavros Atlamazoglou Organizations: Command, Service, US Special Operations Command, US Air Force, Staff, Tech, Air Force Special Operations Command, Talon, Commando, Air Force Research, US Air Force Special, Operations, Air Force, Agile, Employment, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University Locations: Afghanistan, Iraq, Syria, China, Russia, Vietnam, Hurlburt, Florida, Okinawa, Pacific
China strengthens land border protection with new law
  + stars: | 2021-10-24 | by ( Yew Lun Tian | )   time to read: +2 min
REUTERS/Thomas PeterBEIJING, Oct 24 (Reuters) - China passed a law on Saturday to strengthen border protection amid a protracted standoff with India, worries about spillover effects from Taliban-controlled Afghanistan and the spread of COVID-19 from Southeast Asia. The Land Borders Law will not necessarily change how border security is handled when the measure takes effect on Jan. 1, but it reflects China's growing confidence in its capability to manage its frontiers. The country will "take effective measures to resolutely protect territorial sovereignty and land border security", the law says. Chinese military and military police - the People's Liberation Army and the People's Armed Police Force - are responsible for guarding the border against any "invasion, encroachment, infiltration, provocation". The law stipulates that China can close its border if a war or other armed conflict nearby threatens border security.
Persons: Thomas Peter BEIJING, Yew Lun, William Mallard Organizations: REUTERS, Borders Law, People's Liberation Army, People's Armed Police Force, Thomson Locations: Beijing, China, India, Afghanistan, COVID, Southeast Asia, China's Xinjiang, Myanmar, Vietnam, Yunnan, Guangxi, People's Republic of China, Russia, North Korea
An Apple iPhone owner sued the tech giant for $1,383.13, the exact cost of his phone. Theodore A. Kim filed the lawsuit in San Francisco Superior Court last week. Theodore A. Kim filed a lawsuit in San Francisco seeking $1,383.13, the original cost of his phone. A few weeks later, Kim filed a complaint with the Better Business Bureau (BBB). "And I found a blog post of someone in Seattle successfully suing Apple in small claims court," Kim said.
Persons: Theodore A, Kim, , it's, Apple, Tim Cook's, David, Goliath Organizations: Apple, Court, Service, Better Business Bureau, BBB, Google Locations: San Francisco, Vietnam, Seattle, Washington
HOUSTON — As Ralph Garr remembers it, the kid from Sacramento could have made it big in any sport. The Atlanta Braves chose Johnnie B. Baker Jr., known as Dusty, out of high school in the 26th round of the 1967 draft. “I prayed not to go to the Braves,” Baker said on Sunday, in the dugout at Minute Maid Park, where his Houston Astros will host Atlanta in the World Series opener on Tuesday. “There were freedom marches, riots, segregation, anti-Vietnam, anti-short-hair — I mean, there was a lot of turmoil, and all the Braves’ teams were in the South. The deep, deep, Deep South.
Persons: Ralph Garr, Johnnie B, Baker Jr, Dusty, , Garr, Henry Aaron, ” Aaron, Babe Ruth’s, Aaron, Christine Baker’s, , ” Baker Organizations: HOUSTON, Atlanta Braves, Braves, Fulton County, Houston Astros, Atlanta Locations: Sacramento, Atlanta, Vietnam
Colin Powell memorial service set for Nov. 5
  + stars: | 2021-10-22 | by ( The Associated Press | )   time to read: +3 min
WASHINGTON — A memorial service for Colin L. Powell, the retired Army general and former secretary of state who died on Monday, will be held Nov. 5 at Washington National Cathedral, a spokeswoman said Thursday. “There will be very limited seating and it will be by invitation only,” Peggy Cifrino said in an emailed statement. Such weapons never materialized, and though the Iraqi leader was removed, the war devolved into years of military and humanitarian losses. A series of promotions led to the Pentagon and assignment as a military assistant to Secretary of Defense Caspar Weinberger. He later became commander of the Army’s 5th Corps in Germany and was national security assistant to President Ronald Reagan.
Persons: WASHINGTON, Colin L, Powell, Peggy Cifrino, George W, Saddam Hussein, , , John F, Kennedy, Caspar Weinberger, Ronald Reagan Organizations: Army, Washington National Cathedral, Joint Chiefs, Staff, United Nations, Pepsi, City College, Pentagon, Chiefs Locations: Covid, South Bronx, Iraq, New York City, South Vietnam, Germany, United States
(Adds details on results, background, share price)Oct 22 (Reuters) - VF Corp reported quarterly revenue on Friday that missed analysts’ estimates as the Vans owner grappled with global supply chain disruptions and factory shutdowns in Vietnam. Months-long factory closures in Vietnam and a strained supply chain threaten to hit apparel makers as they are at risk of facing product shortages over the busy shopping period during the holiday season. VF sources around 25% of its products from Vietnam, with the exposure likely higher for its largest brand Vans, Cowen analysts said earlier this month. The company’s total revenue rose 23% to $3.20 billion in the second quarter, compared with estimates of $3.50 billion, according to Refinitiv IBES. VF’s net income rose to $464.1 million, or $1.18 per share, in the quarter, from $256.7 million, or 66 cents per share a year earlier.
Persons: Refinitiv, Deborah Sophia, Shinjini Ganguli, Shounak Dasgupta Organizations: VF Corp, Vans, Cowen Locations: Vietnam, The Denver, Bengaluru
Vans sneaker maker VF sales stumble on supply hurdles
  + stars: | 2021-10-22 | by ( Reuters Staff | )   time to read: +2 min
FILE PHOTO: Shoes and backpack of Vans are seen in a shop window in Sao Paulo, Brazil August 29, 2019. Crocs Inc said on Thursday it plans to shift some of its production from Vietnam to China, Indonesia and Bosnia. The casual footwear maker had earlier planned on sourcing 70% of its production from Vietnam this year. The company’s total revenue rose 23% to $3.20 billion in the second quarter, compared with estimates of $3.50 billion, according to Refinitiv IBES. On an adjusted basis, VF earned $1.11 per share, missing estimates of $1.15 per share.
Persons: Patrasso, Cowen, Refinitiv IBES Organizations: Reuters, VF Corp, Vans, REUTERS, Nike Inc, Adidas AG, Nike, Crocs Locations: Vietnam, Sao Paulo, Brazil, Denver, China, Indonesia, Bosnia
The Stockholm-based company received correspondence from the U.S. Justice Department stating that the company had breached the agreement by failing to provide certain documents and information related to the settlement. Ericsson said it would continue to cooperate with the Justice Department and would have the opportunity to respond to the department’s letter. The company in 2019 entered into a deal with the Justice Department to resolve allegations of bribery that stretched between 2000 and 2016 that the agency said occurred in Djibouti, China, Vietnam, Kuwait and Indonesia. The Justice Department has occasionally issued public warnings about the consequences of violating the terms of a deferred prosecution agreement, but such breaches are rare. The letter to Ericsson comes after a senior Justice Department official earlier in October said that breaching such agreements could lead to punishment more severe than was originally agreed to.
Persons: Ericsson, , John Carlin, Dylan Tokar Organizations: Ericsson, U.S . Justice Department, Justice Department, Ericsson Egypt Ltd, U.S . Securities, Exchange Commission, The, Department, ” Ericsson, Huawei Technologies Co, Huawei Locations: Swedish, Stockholm, Djibouti, China, Vietnam, Kuwait, Indonesia, Saudi Arabia
A woman works on tracksuits inspired by Netflix series "Squid Game" at a clothing factory in Seoul, South Korea, October 21, 2021. "October is usually a slow month for the sewing industry, but thanks to Squid Game and Halloween, we are scrambling to stitch," factory owner Kim jin-ja, 54, told Reuters. "(But) Squid Game, which has become a global sensation, has also made tracksuits popular domestically, leading to a flood of orders." A child's Squid Game tracksuit was selling for 30,000 won ($25.50) in Namdaemun Market, the country's largest traditional market where stock ranges from kitchenware to jewellery. Squid Game has been watched by 142 million households since its Sept. 17 debut, according to Netflix, the world's largest streaming service, helping it add 4.38 million new subscribers.
Persons: Kim Hong, Ji, Kim, Oh Byung, yeol, Lee Seung, 1,177.5700, Daewoung Kim, Sangmi Cha, Mark Heinrich Our Organizations: Netflix, REUTERS, Reuters, Textile Sewing, Seongbuk, Thomson Locations: Seoul, South Korea, Ji SEOUL, Korea, Korean, Seongbuk, Japan, China, Vietnam, Indonesia, Namdaemun
Vans sneakers maker VF misses quarterly sales estimates
  + stars: | 2021-10-22 | by ( )   time to read: 1 min
Shoes and backpack of Vans are seen in a shop window in Sao Paulo, Brazil August 29, 2019. REUTERS/Rahel PatrassoOct 22 (Reuters) - VF Corp (VFC.N) reported quarterly revenue on Friday that missed analysts' estimates as the Vans owner grappled with global supply chain disruptions and factory shutdowns in Vietnam. Total revenue rose to $3.20 billion in the second quarter from $2.61 billion a year earlier. Analysts had estimated revenue of $3.50 billion, according to Refinitiv IBES. Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Rahel Patrasso, Refinitiv, Deborah Sophia, Shinjini Organizations: REUTERS, VF, Vans, Analysts, Thomson Locations: Sao Paulo, Brazil, Vietnam, Bengaluru
The simple design of Crocs' clogs makes them easy to make, its CEO said Thursday. The company reported blockbuster earnings this week, as casual dressing continues to prevail. This, he said, meant the company could cope when its factories in Vietnam closed amid rising COVID-19 infection rates. Rees said Thursday that most of the factories Crocs worked with in Vietnam were back up and running. Crocs reported another blockbuster quarter Thursday.
Persons: it's, Andrew Rees, Rees, Crocs Organizations: Service, Nike Locations: Vietnam, Hanoi, Ho Chi Minh City, China, Bosnia, Herzegovina, Indonesia, California
Anti-vaxxers falsely claimed Colin Powell's death is proof that the COVID vaccines don't work. When former Secretary of State Colin Powell died this week of coronavirus-related complications, anti-vaccine activists took to social media and right-wing TV to falsely declare the 84-year-old's death is proof that the COVID vaccines are essentially pointless. Older people are particularly at risk of serious illness or death from COVID, but Powell wasn't just at risk because he was an octogenarian. And as long as substantial pockets of the population continue to refuse the vaccine, COVID will continue to spread and the virus will have greater opportunities to evolve more transmissible or vaccine-resistant variants. The people casting doubt on the vaccine's effectiveness because an old veteran suffering from cancer died of COVID complications are contributing to vaccine resistance.
Persons: vaxxers, Colin Powell's, It's, Colin Powell, Powell wasn't, craven, it's, Neil Cavuto, who's, Cavuto, He's, he's, Cavuto's, Tucker Carlson, Will Cain, John Roberts, Irving —, Irving, Charles Barkley isn't, Kenny Smith, Barkley, Sir Charles, Muhammad Ali, Ali, They're Organizations: Pharma, Fox, Cavuto's Fox, Fox News, Brooklyn Nets, of Fame NBA, TNT, US Army Locations: COVID, New York, Vietnam
The Netflix series "Squid Game" is played on a mobile phone in this picture illustration taken September 30, 2021. REUTERS/Kim Hong-Ji/IllustrationOct 22 (Reuters) - White slip-on shoes are becoming a hot commodity thanks to the wildly popular South Korean survival drama "Squid Game", with sneaker maker VF Corp (VFC.N) reporting a small increase in demand for its Vans brand. The series, which became a global sensation and the No.1 program on Netflix (NFLX.O), shows hundreds of cash-strapped players competing in hyperviolent games, sporting shoes resembling Vans' all-white slip-ons. VF Corp missed Wall Street estimates for quarterly revenue and profit on Friday due to global supply chain disruptions and production shortfalls in Vietnam. read moreReporting by Deborah Sophia in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Kim Hong, Matt Puckett, Deborah Sophia, Lisa Shumaker Organizations: Netflix, REUTERS, VF, Vans, Corp, Thomson Locations: Vietnam, Korea, Bengaluru
Hollywood's tragic history of on-set accidents
  + stars: | 2021-10-22 | by ( Lisa Respers France | )   time to read: +2 min
(CNN) Hollywood is the land of make believe, but the very real specter of death can hover over television and movie sets. The death of 42-year-old director of photography Halyna Hutchins while working on the movie "Rust" in New Mexico after actor Alec Baldwin discharged a prop gun is just the latest on-set tragedy. Cast members have also died from accidents during production including:Brandon LeeIn 1993, Brandon Lee, was filming the final scenes of the movie "The Crow" when he died after being shot with a prop gun. Dummy bullets had been replaced with cardboard wadding, but a bullet fragment had broken off and remained in the gun. While filming, Hexum reportedly was playing around with a prop gun from a scene and shot himself in the head.
Persons: Halyna Hutchins, Alec Baldwin, Brandon Lee, Michael Massee, Lee, Bruce Lee, Joel Souza, Jon, Erik Hexum Jon, Erik Hexum, Phineas Bogg, Mac Harper, Hexum, Vic Morrow Victor Morrow, Morrow, John Landis, Dinh Le, Renee Shin, Yi Chen Organizations: CNN, Hollywood, NBC, CIA, US Army Locations: New Mexico, Vietnam, Morrow
REUTERS/Rick WilkingOct 21 (Reuters) - Crocs Inc (CROX.O) raised the lower end of its annual revenue forecast, as it prepares to counter supply constraints by shifting some production out of Vietnam where factory shutdowns have pinched shipments, sending its shares up 12%. read moreCrocs, meanwhile, said it would be able to ramp production back up quickly due to the simplicity of its shoes. The company added that it was also avoiding port delays on the U.S. West coast by switching to East coast docks. It expects revenue for fiscal 2021 to rise 62% to 65%, up from its prior forecast of a 60% to 65% increase. Reporting by Uday Sampath and Deborah Sophia in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Rick Wilking, Crocs, Andre Rees, Refinitiv, Uday Sampath, Deborah Sophia, Shinjini Organizations: REUTERS, Crocs, Nike Inc, Abercrombie, Fitch, Adidas AG, Nike, U.S, Thomson Locations: Crocs, Niwot , Colorado, Vietnam, China, Indonesia, Bosnia, West, East, Bengaluru
The small SOG recon teams had to survive on their wits against a devastatingly superior enemy force. One of SOG's primary mission sets was to gather intelligence about North Vietnamese troop numbers and movements. If they could only find groups of North Vietnamese troops, the SOG recon team would kill everyone but the man targeted for capture. On one mission, a SOG recon team captured a North Vietnamese prisoner and flew back to their forward operating base. While en route, SOG commandos inspected their prisoner more closely, only to find that it was a woman.
Persons: weren't, Ho, John Stryker Meyer, Lynne Black, Meyer, Stavros Atlamazoglou Organizations: US, MACV, SOG, Service, American, Military Assistance Command Vietnam, Berets, Recon Marines, Navy, Air Commandos, SOG Recon Team, Green Beret, Team, NVA, North, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University Locations: Vietnam, Vietnam's, Cambodia, Laos, North Vietnam, Thailand, South Vietnam, North Vietnamese
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