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Jeju Air shares hit record low after a deadly plane crash in South Korea. Shares of South Korean budget carrier Jeju Air hit their lowest level on record following a plane crash over the weekend. AdvertisementOn Sunday, a Jeju Air plane traveling from Bangkok's Suvarnabhumi International Airport crashed at a South Korean airport crashed, killing 179 people. Jeju Air's stock slumped as much 16% and was 8% lower at 12:23 p.m. local time on Monday. Related Video Jet bursts into flames after crash with coast guard plane at Tokyo airportThe decline in Jeju Air shares comes on the back of a choppy month in South Korea's stock market amid political uncertainty.
Persons: Yoon Suk, Han Duck, Choi Sang, mok, Yoon, , Han, Choi, Mok, Douglas Kim, Kim Organizations: Jeju Air, Air, Bangkok's Suvarnabhumi, AK Holdings, Constitutional, Democratic Party Locations: South Korea, Korean, Tokyo, South
[1/2] A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File PhotoNEW YORK, June 27 (Reuters) - Lordstown Motors (RIDE.O) filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S. electric truck manufacturer failed to resolve a dispute over a promised investment from Taiwan company Foxconn. Lordstown contends Foxconn is balking at purchasing additional shares of its stock as promised, and misled the EV maker about collaborating on vehicle development plans. Even in May, Lordstown warned it might be forced to file for bankruptcy amid uncertainty over the Foxconn investment. GM agreed to sell the plant to a newly-formed entity called Lordstown Motors founded by the former top executive at an electric truck maker called Workhorse Group.
Persons: Rebecca Cook, Lordstown, Foxconn, Edward Hightower, Donald Trump, Mary Barra, Nikola, Stephen Burns, Burns, Elon Musk’s Tesla, ” Lordstown, Mike Spector, Joseph White, Dietrich Knauth, Nick Zieminski Organizations: REUTERS, Lordstown Motors, U.S, Foxconn, Hai Precision Industry, General, Lordstown, Reuters, Endurance, EV, Biden, Detroit, GM, DiamondPeak Holdings, U.S . Justice Department, Ford Motor, Stellantis, Thomson Locations: Lordstown, Lordstown , Ohio, U.S, Taiwan, Ohio, Delaware, Foxconn, United States, Northeast Ohio, New York, Detroit
KKR can limit the pain of Elliott's telco blitz
  + stars: | 2023-02-13 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +4 min
Even so, KKR and Vodafone look insulated from the worst sort of Teutonic deal pain. Still, KKR – which has joined forces with Global Infrastructure Partners and will co-control Vantage with Vodafone – has some protections. Reuters GraphicsFollow @pamela_msg on TwitterloadingCONTEXT NEWSActivist investor Elliott Management disclosed a 5.6% stake in German phone masts company Vantage Towers on Jan. 31. The offer was recommended by Vantage Towers' management and supervisory board. Vantage Towers’ Chief Executive Vivek Badrinath is set to depart due to personal reasons.
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