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Supply is forecast to grow by 1.5 million barrels per day to a new high of 103.5 million barrels per day, according to the IEA. Demand will grow by 1.2 million barrels daily, down from 2.3 million in 2023, with the post-pandemic recovery over and major economies set to slow. WTI and Brent closed out 2023 down more than 10% and OPEC+ production cuts have so far failed to lift prices. Goldman Sachs, for example, says oil prices could double if there is a prolonged disruption to shipments through the Strait of Hormuz. 'Golden era' Stronger U.S. oil production in 2023 surprised even oil industry CEOs such as Chevron's Wirth and Occidental's Vicki Hollub, they told CNBC in recent interviews.
Persons: Michael Wirth, Wirth, CNBC's Brian Sullivan, Goldman Sachs, Walt Chancellor, Daniel Yergin, Brent, Adi Imsirovic, Imsirovic, Yergin, Bob Yawger, Yawger, Matt Smith, Smith, Chevron's Wirth, Occidental's Vicki Hollub, I'm, Macquarie, Chancellor, Hollub, Organizations: P, Energy Information Agency, Chevron, P Global, CNBC, Economic, West Texas, Center for Strategic, International Studies, OPEC, Bank of America, Oil, International Energy Agency, IEA, Brent, Mizuho, Gulf, Americas, Western Hemisphere Locations: East, U.S, Macquarie, Davos, Switzerland, Canada, United States, United Kingdom, OPEC, Brazil, Guyana, Americas, Europe, Red, Kpler, Iran, Hormuz
Read previewThe viral Chicago "rat hole" was quickly restored after it was mysteriously filled in, proving how the imprint has instantly become a beloved attraction — and a site for love? In a city infamous for its gangster past, some culprit filled in a Northside Chicago neighborhood landmark affectionately called by residents the "rat hole." It was reported Friday on social media that the "rat hole" had been filled with a substance resembling white plaster. Tributes were left behind the iconic Chicago "rat hole." Chicago resident Winslow Dumaine learned about the "rat hole" from a friend and posted a photo earlier this month of it on X, formerly known as Twitter.
Persons: , Al, Tyler Pasciak LaRiviere, Stucky, Jeff VanDam, Winslow Dumaine, Dumaine Organizations: Service, Business, Sanitation, Chicago Tribune, Chicago Sun, Times, Chicago, Twitter, Tribune Locations: Chicago, Northside Chicago, , Windy City
A powerful shot in "Killers of the Flower Moon" features an own flying directly into the camera lens. Cinematographer Rodrigo Prieto told BI that the owl was not trained to do that and acted on its own. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere are numerous memorable visuals in Martin Scorsese's epic "Killers of the Flower Moon," but one in particular happened by complete accident. "The owl wrangler was right on top of the lens with a little treat so the owl would look toward the camera," Prieto recalled.
Persons: Rodrigo Prieto, , Martin, Mollie Burkhart's, Lily Gladstone, Tantoo Cardinal, there's, Lizzie, Mollie, Millie, Mollie's, Oscar, Martin Scorsese, Medios, Scorsese, Prieto, she's, puller, Prieto doesn't Organizations: BI, Service, Osage Nation, Apple, Osage Locations: Oklahoma, Osage
Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker. One way of getting that would be via a dual-class stock structure. This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power. The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them. "Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.
Persons: , Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon Organizations: Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business Locations: Delaware, OpenAI
But gig delivery companies like DoorDash and Instacart say they don't plan to make any changes. AdvertisementIf you make deliveries as a gig worker, don't expect any changes from a new federal rule — at least, not immediately. But companies that rely on gig workers to make deliveries say they won't need to make any changes. Amazon, which employs gig workers through its Flex delivery arm, did not immediately respond to Business Insider's request for comment. Do you work for Instacart, DoorDash, Walmart Spark, Uber Eats, or another gig delivery service and have a story idea to share?
Persons: , Julie Su, Uber, Loyola University Chicago Professor Peter Norlander, I'm, Norlander Organizations: Service, Department of Labor, Labor, Department, Flex, Loyola University Chicago Professor, Wall Street, Walmart Locations: DoorDash
Why America's Electric Car Push Isn't Working
  + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com   time to read: +12 min
Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.
Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris
Read previewMost people are likely familiar with Sony Electronics products — they're used in music publishing, photography, movie creation, and gaming. Like many top execs, Manowitz has focused on AI this year. "There's the excitement and wonderful opportunity that we see, but there's also a fear of the unknown," Manowitz said. He added, "There's not a single hotter-button pressing the creative community than authenticity." Naturally, we're thinking about how we can use AI to be a tool for creators and how we protect their rights.
Persons: , Neal Manowitz, Manowitz, there's, I'm, We've Organizations: Service, Sony Electronics, North America, Business Locations: North, Business, America
And Ulta Beauty and Foot Locker 's shares rose this week, after the companies reported better-than-expected earnings and a strong start to holiday spending on sneakers, makeup and more. Adobe predicts that full holiday season online spending from Nov. 1 to Dec. 31 will hit $221.8 billion, which would be a nearly 5% year-over-year jump. If the estimate ends up being correct, that means shoppers still have a little more than half of their online holiday spending to go. The NRF said this week that its survey found about half of consumers' online and in-store holiday shopping remains. "People are just about tapped out, but [with] the holiday season, people are willing to even further extend themselves," he said.
Persons: Emily Elconin, That's, Dave Kimbell, Ulta, Matt Shay, Anastasiia, It's, Vivek Pandya, Pandya, Kena Betancur, Scott Wren, Wells, Shannon Stapleton Organizations: Getty, Adobe Analytics, National Retail Federation, Consumers, Walmart, Target, Adobe Digital, Adobe, Macy's, U.S . Federal, Shoppers, Reuters Locations: Oaks, Novi , Michigan, New York , New York, Wells Fargo, Macy's, Roosevelt, Garden City , New York, U.S
“Her music is unapologetically, boundlessly and globally Black,” Thomas said. In many cases, lighter skinned slaves were the product of sexual violence by White men against enslaved Black women. Lighter skinned Black women were often deemed “redbones,” a term that for some undermined their Black heritage by implying that the women were mixed non-Black ancestry. A 2023 survey by nonprofit Catalyst found women with darker skin tones were more likely to experience workplace racism than women with lighter skin. “I also get to be critical of Beyoncé,” Thomas said.
Persons: Queen Bey, , Tina Knowles, ” Knowles, “ Brown, Geneva Thomas, ” Thomas, , JeffriAnne Wilder, Wilder, White, ” Wilder, Beyoncé, India Arie, ” Arie, Arie, ” Beyoncé, Kevin Mazur, Oscar, Octavia Spencer, Thomas, she’s Organizations: CNN, Los Angeles, Catalyst, University of Chicago Press, Tottenham Hotspur Stadium Locations: America, New York, Black America, London, England
The economy is likely already in recession and is expected to contract again next year. Shortly after being sworn in as economy minister, Massa in August 2022 pledged to stop printing money to fight inflation. "Markets will likely prefer a Milei victory simply because he is more credible on delivering the fiscal adjustment." "Every investor understands that the macroeconomic adjustments that Argentina needs will inevitably translate into short-term pain." For investors, Argentine stocks traded in New York (.MIAR00000PUS) have been a beacon of hope, up near 15% year to date.
Persons: Sergio Massa, Javier Milei, Luis Robayo, Pilar Tavella, Alejo Czerwonko, Massa, Carlos de Sousa, UBS's, JPMorgan's Diego Celedon, Celedon, Rodrigo Campos, Adam Jourdan, Lisa Shumaker Organizations: por la Patria, La Libertad, University of Buenos, Law School, Global, Peronist, Barclays, Reuters Graphics Reuters, Argentina, Monetary Fund, Itau, IMF, Emerging, UBS Global Wealth Management, Vontobel Asset Management, Argentine, UBS, Thomson Locations: Argentina, University of Buenos Aires, Buenos Aires Argentina, New York, Argentine, outperforming
The result at Bain Capital-backed Kioxia, formerly Toshiba Memory, compares with a loss of 130.8 billion yen three months earlier. Merger talks between Kioxia and Western Digital (WDC.O) have stalled, Reuters reported previously, after Kioxia investor SK Hynix (000660.KS) said it did not back the deal. Selling prices have bottomed out, Kioxia said, pointing to expected higher shipments of smartphones and PCs next year. Revenue fell quarter-on-quarter with Kioxia saying the smaller loss was because of higher average selling prices with a boost from the weaker yen. Separately, Toshiba (6502.T), which holds a stake in Kioxia after selling its chip unit to the Bain-led consortium in 2018, posted a 26.7 billion yen net loss in the second quarter.
Persons: Kioxia, Bain, Sam Nussey, Tom Hogue Organizations: Taipei, REUTERS, Rights, Bain Capital, Toshiba, Western, Reuters, SK Hynix, Samsung Electronics, Revenue, Japan Industrial Partners, Thomson Locations: Taipei, Taiwan, Kioxia, KS
Google reportedly pays Apple a 36% cut of its search ad revenue through Safari as part of its deal. The US' Google antitrust case centers on how Google pays partners to promote its search engine. AdvertisementAn apparent slip-up during an expert's testimony in Google's antitrust trial reportedly drew a reaction from the search engine company's lawyer in the court room. The moment revealed more about Google's deal with Apple to remain the default search engine in Safari. So when University of Chicago professor Kevin Murphy, a Google economics expert and witness for the trial, disclosed the confidential number during his testimony, Google's main lawyer "visibly cringed," Bloomberg reported.
Persons: , Kevin Murphy, Google's, Murphy didn't, Apple Organizations: Google, Apple, Safari, Bloomberg, Service, University of Chicago, Department of Justice, Microsoft
In 1916, the US began forcing Mexicans that crossed the border to bathe in a mix of kerosene and vinegar. A US immigration officer talks to Mexicans in El Paso, Texas, 1916. El Paso was considered to have the ideal dry, warm climate to combat tuberculosis, and so, multiple sanatoriums were built in the city. AdvertisementAdvertisementAs a result, Mexicans and Mexican Americans who lived along the border developed a deep fear of the baths, Levya said. In total, the government is thought to have bathed 127,123 Mexicans at the bridge between Juárez and El Paso.
Persons: , Thomas Calloway Lea Jr, B.J, Lloyd, Bettmann, Carmelita Torres, Torres, PhotoQuest, Lea, David Romo, Tom Lea, Dr, Yolanda Chavez Levya, Levya, Leonard Nadel, Levya's, Torres –, Gerhard Peters, Peters Organizations: Service, Public Health, Riots, Mexican, Labor, Ku Klux Klan, Tom Lea Institute, The University of Texas, US, El, Public Service Health, Hidalgo Processing Center, Archives Center, National Museum of, Smithsonian, US Public Health Service Locations: Mexico, United States, El Paso , Texas, El Paso, Mexican, Hidalgo, Texas, East, Southeast Asia, Juárez, El Paso ., German, Nuremberg
To defeat terrorist groups like Hamas, it is important to separate the terrorists from the local population from which they emerge. Right now, we are witnessing not the separation of Hamas and the local population, but the growing integration of the two, with likely growing recruitment for Hamas. The only viable way to separate Hamas from the local population is politically. This could, over time, separate Hamas from the local population more and more, and so lead to significant success. This new strategic conception is the best way to defeat Hamas, secure Israel’s population and advance America’s interests in the region.
Persons: Robert A . Pape, Read, CNN —, , Robert A, Pape Robert Pape Indeed, Maz Nash, Israel, Mohammed Abed, Ben Curtis, Saddam Hussein’s, Saddam Hussein, Chris Hondros, Israel doesn’t Organizations: University of Chicago Project, Security, , Power, CNN, West Bank, Getty, Beirut International Airport, ISIS, Hamas, Palestinian Ministry of Health Locations: Israel, United States, Southern Lebanon, Lebanon, Beirut, Gaza, Gaza City, AFP, Iraq, Al, Kut, Ramallah, Syria, Palestinian
“The conference became a vehicle.”It is not unusual for donors, unhappy with student activism, to pull back giving. “It’s essential that the university remains independent from donor pressure or influence on the content of work that’s done in the university,” said Ms. Lieberwitz, who is also general counsel for the American Association of University Professors. “Very broadly, I am deeply committed to academic freedom,” Ms. Magill had told The Daily Pennsylvanian, the campus newspaper. Alumni Donors Push BackOne day after the Indigenous Peoples’ Day post, Ms. Magill issued her first statement condemning the Hamas assault. Some Wharton alumni had been unhappy with the university’s direction for a long time.
Persons: , Lauder, Jon Huntsman, Dick Wolf —, Rowan, , Robert Vitalis, , George W, Bush, Penn, Risa L, Lieberwitz, Magill, Ms, Amy Wax, Penn Hillel, Viet Thanh Nguyen, Israel, Roger Waters, Susan Albuhawa, Critics, ” Mr, Wharton, Jonathan S, Jacobson, Lia Thomas, Erika James, Ross Stevens, University of Chicago’s Booth, Stevens, Booth Organizations: , East Center, University of Texas, Austin, University of Denver, Palestinian, U.N, Cornell, American Association of University, Edge, University of Virginia, Daily, university’s College of Arts and Sciences, Penn, Pink Floyd, Indigenous Peoples, Wharton, HighSage Ventures, Management, University of Chicago’s Locations: Utah, Penn, Israel, Yom Kippur, Nazi, Berlin
“Killers of the Flower Moon” also called on him to exorcise its demons. The adaption of David Grann’s 2017 book of the same title recounts one of America’s most heinous crimes. The family of Mollie Burkhart (second left, played by Lily Gladstone) are targeted for their wealth in Martin Scorsese's "Killers of the Flower Moon." Lily Gladstone talks with Martin Scorsese inside a church on location for "Killers of the Flower Moon." “Killers of the Flower Moon” is released in cinemas on October 20.
Persons: Jack Fisk, , Terrence Malick, Paul Thomas Anderson, David Lynch, Fisk, Martin Scorsese, , Rita Smith, ” Fisk, Osage, David Grann’s, White, ” —, Grann, Mollie Burkhart, Lily Gladstone, Martin Scorsese's, Ernest, William Hale, Leonardo DiCaprio, Robert De Niro, Scorsese, Terrence Malick’s “, he’s, Malick, Terence Malick's, Wallace, “ I’m, Sissy Spacek, Marianne Bowers, Addie Roanhorse, Gray, Mollie, Lizzie Q Kyle, Maggie Burkhart, he’d, Marty, Lilly, ” Scorsese, Rodrigo Prieto, Fairfax, Pawhuska’s, Bill, There’s, Hale, Robert De Niro’s Bill, Leo, Rita Smith’s Organizations: CNN, Osage, Cannes Film, Osage Nation, Kihekah Locations: Oklahoma, Fairfax, Osage, America, guardianships, Virginia, Jamestown, Algonquin, Powhatan, Alberta, Canada, Texas, New, Pawhuska, Fairfax , Oklahoma, Illinois
She also discussed how the company is rethinking the future of Google Assistant. AdvertisementAdvertisementThere's a lot of pressure on Google right now. A key person in the middle of all this is Sissie Hsiao, Google's VP and general manager of Bard and Google Assistant. If it disappoints, it will embolden critics who say Google has fallen behind. Google Assistant was the answer, and in 2021 Google reshuffled its search team to put Hsiao in charge of its voice assistant.
Persons: Bard, , OpenAI's, Sundar Pichai, Demis Hassabis, Sissie Hsiao, Google's, She's, Hsiao, Gemini, I've, OpenAI, Josh Edelson, Getty Hsiao, It's, it's Organizations: Google, Service, Gemini, Microsoft Locations: Bard
The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsCompanies Toshiba Corp FollowTOKYO, Oct 12 (Reuters) - Toshiba Corp (6502.T) said on Thursday it will hold an extraordinary shareholder's meeting on Nov. 22 to approve the consolidation of its shares, which will be delisted from the Tokyo Stock Exchange on Dec. 20. The Japanese conglomerate Toshiba last month announced the success of a 2 trillion yen ($13.4 billion) tender offer from private equity firm Japan Industrial Partners. ($1 = 149.2100 yen)Reporting by Kantaro Komiya; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Androniki, Kantaro Komiya, Edmund Klamann Organizations: Toshiba Corporation, REUTERS, Toshiba Corp, Tokyo Stock Exchange, Toshiba, Japan Industrial Partners, Thomson Locations: Kawasaki, Japan
When it comes to growing a business, there's definitely a wrong way to do branded merchandise. Insider spoke with small-business owners and marketing experts about how to use branded merchandise effectively. Your brand should still be incorporated subtly on any merchandise you're giving out or selling to customers, Hofman said. The Anti-Diet PlanUse swag as an incentive for marketing or sales objectivesSimply having customers use your branded merchandise can provide low-cost, word-of-mouth marketing. Sharon LevinKassis has used branded merchandise to encourage customers to share their experience with Product League on social media.
Persons: SBOs, , there's, Amanda Hofman, Bryan Clayton, Vistaprint, Hofman, Moriya Kassis, Julia Guignard, Kassis, it's, Clayton, Danielle Reid, Reid, Sharon Levin Kassis, She's Organizations: Small, Service, Product League, League Locations: swag
People can use Neighbors to publish footage alongside their posts; when the posts are forwarded to police officers, officers can click through to view the accompanying media. "All posts and comments on Neighbors are publicly viewable on the Neighbors feed by users and public safety agencies alike. As with Poole, other LAPD officers The Markup identified as using Neighbors to keep tabs on crime did not respond to requests for interviews. To familiarize LAPD officers with the platform, the company organized in-person training sessions as well as video calls. In this dataset, at least 26 LAPD officers posted in Neighbors at least once and received responses from users.
Persons: , Poole, Craig Newmark, Detective Poole, Albert Fox Cahn, isn't, It's, Cahn, Ring, Mai Nguyen, Nguyen, Sarah Brayne, Peter Polack, Jamie Siminoff, didn't, Siminoff, Shaquille O'Neal, Neighbors, Andrew Guthrie Ferguson, Andrea Han, Drake Madison Organizations: Service, Los Angeles Times, Los Angeles Police Department, Ring News, LAPD, NYCity, Craig Newmark Graduate School of Journalism, CUNY, NBC, University of Texas, Employees, Intercept, Ebay, Neighbors Public Safety Service, Neighbors, Ring's, Los Angeles, Guardian, American University Washington College of Law, Data, didn't, Network Locations: Jeffry, United States, Neighbors, Angeles, Austin, Los, Shadow, Tuna, North Hollywood, RVs, Panera
CNN —A sign greets visitors arriving at a sun-filled two-story house in El Salvador’s capital. But within El Salvador, a largely Catholic and evangelical Christian country, some viewed the women’s accounts with skepticism and hostility. Again, the UN’s human rights office weighed in, calling El Salvador’s laws “draconian.”Two months later, 11 justices from El Salvador’s Supreme Court commuted Vásquez’s sentence, saying evidence in the case did not prove that she had taken any action to end her baby’s life. The Harvard professor has been studying these women’s cases and the impact of El Salvador’s abortion restrictions for years. This shows her after a visit in August 2018, six months after El Salvador's Supreme Court commuted her sentence.
Persons: Teodora Vásquez, they’ll, It’s, El Salvador, it’s, Vásquez, who’ve, “ We’ve, ” Vásquez, , , Teodora, Oscar Rivera, Salvador Melendez, Jocelyn Viterna, ” Viterna, Viterna, Dana Sussman, , Benedicte, Ra’ad Al Hussein, José Miguel Fortín Magaña, Jose Cabezas, El, , ’ ” Vásquez, Libres, who've, Jessie Wardarski, “ I’ve, Jacqueline Castillo, “ It’s, ” Castillo, she’s, Mujeres, there’s, Marvin Recinos, She’s, Merlin Delcid, CNN’s Tierney Sneed Organizations: CNN, El, Getty, Hollywood, Amnesty, of Women, Harvard University, Salvadoran, Pregnancy, UN, Human Rights, El Salvador’s Institute of Legal Medicine, Reuters, Citizen Group, Harvard, Mujeres Libres El, Inter, American, of Human, , of Steel Locations: El Salvador’s, , Libres El Salvador, Mujeres, Salvadoran, El Salvador, United States, New York, El, San Salvador, Mujeres Libres, Mujeres Libres El Salvador, AFP
(AP) — Washington Commanders part-owner Magic Johnson criticized coach Ron Rivera's team for playing with “no intensity or fire" in a 40-20 loss Thursday night to the Chicago Bears, a club that hadn’t won a game in nearly a full year. By the time Sam Howell led the hosts to their initial first down, nearly 2 1/2 minutes into the second quarter, Chicago (1-4) was already ahead 17-0. At halftime, the tally was 27-3, and the Bears had outgained the Commanders 307-84 in total yards. Afterward, the Commanders forced the Bears to punt for the first time all evening. Later, with a chance to cut the deficit to seven with under 5 1/2 minutes left, Slye missed a 46-yard attempt.
Persons: Magic Johnson, Ron Rivera's, hadn’t, “ Let's, ” —, , Rivera, Jack Del Rio —, Justin Fields, DJ Moore, ” Rivera, , ” Johnson, Dan Snyder, Washington “, “ didn’t, Terry McLaurin, ” McLaurin, that’s, we've, Darrick Forrest, Moore, Khalil Herbert . Washington, Fields, Sam Howell, “ Let’s, Howell, Logan Thomas, Matt Eberflus, Thomas, Joey Slye, Ron, Slye, ___ Organizations: , Chicago Bears, Redskins, Washington, Philadelphia Eagles, Buffalo Bills, Bears, Chicago, Denver Broncos Locations: LANDOVER, Md, — Washington, Chicago, Washington
HARARE, Zimbabwe (AP) — Zimbabwe has recorded 100 suspected deaths from cholera and more than 5,000 possible cases since late last month, prompting the government to impose restrictions to stop the spread of the disease, including limiting numbers at funerals and stopping some social gatherings in affected areas. The health ministry announced the death toll late Wednesday and said 30 of the deaths had been confirmed as from cholera through laboratory tests. Political Cartoons View All 1199 ImagesZimbabwe has often imposed restrictions during its repeated outbreaks of cholera. In southern Africa, Zimbabwe, Malawi, South Africa and Mozambique have all had recent cholera outbreaks. More than 4,000 people died in Zimbabwe's worst cholera outbreak in 2008.
Organizations: , World Health Organization, ___ AP Locations: HARARE, Zimbabwe, — Zimbabwe, Masvingo, Harare, Africa, Malawi, South Africa, Mozambique, Malawi's, ___, africa
Oct 5 (Reuters) - U.S.-based transportation and logistics technology firm SP Plus will be acquired by parking technology provider Metropolis Technologies in an all-cash deal worth about $1.5 billion, the companies said on Thursday. Shareholders of SP Plus will receive $54 per share, representing a premium of 52.5% over the stock's closing price on Wednesday. The offer price values the Chicago-based firm at $1.06 billion. SP Plus, which will go private after the deal is closed, provides parking management, facility maintenance and event logistics solutions among other services. Metropolis offers computer vision technology that is deployed in parking lots, enabling customers to drive without the need for a checkout.
Persons: Akash Sriram, Sherry Jacob, Phillips Organizations: SP, Metropolis Technologies, Metropolis, Thomson Locations: Chicago, Bengaluru
TOKYO, Sept 21 (Reuters) - Toshiba (6502.T) said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success - a deal which paves the way for the embattled industrial conglomerate to go private. "Activist shareholders and Toshiba were stuck with each other for years. Toshiba in March accepted the buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion). Although some shareholders were unhappy with the price, Toshiba argued that there was no prospect of a higher offer or competing bid. Deals involving private equity have been particularly active, including a planned $6.4 billion buyout of materials maker JSR by a government-backed fund.
Persons: Travis Lundy, Taro Shimada, Androniki, Shimada, Lundy, JIP, Sony Group's, chipmaker Rohm, Makiko Yamazaki, Edwina Gibbs Organizations: Toshiba, Japan Industrial Partners, Quiddity Advisors, Toshiba Corporation, REUTERS, Sony, Chubu Electric Power, Thomson Locations: TOKYO, Kawasaki, Japan, Asia
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