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Japanese property developer Sekisui House is planning to demolish one of its newest developments. The decision came after neighbors complained that it blocked their view of Mount Fuji. Japan's also erected mesh barriers to try to deter tourists from flocking to Mount Fuji hot spots. AdvertisementFirst, Japan erected an eight-foot mesh barrier in front of a popular spot in the resort town of Fujikawaguchiko, where tourists flock to take pictures of Mount Fuji. Then it announced plans to build a tall, anti-tourist metal fence at another popular photo spot, the Mount Fuji Dream Bridge.
Persons: Japan's, Organizations: Mount Fuji, Mount, Service, Business Locations: Japan, Fujikawaguchiko
LOS ANGELES (AP) — Japan's Sekisui House Ltd. is buying Denver-based homebuilder M.D.C. Holdings Inc. for $4.9 billion in a deal that would make the Japanese company the fifth-largest builder of new homes in the U.S. The companies said Thursday that they reached a definitive agreement for Osaka-based Sekisui to acquire M.D.C. Holdings for $63 per share. The all-cash offer translates to a roughly 19% premium over M.D.C. Holdings' closing stock price Wednesday. Political Cartoons View All 253 ImagesIn addition to the U.S. and Japan, Sekisui House has operations in Australia, the U.K., China and Singapore. Among the U.S. home construction brands it now operates are Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes.
Persons: Toru Tsuji, Sekisui, homebuilders Organizations: ANGELES, Sekisui, Holdings Inc, U.S, M.D.C, Holdings, M.D.C . Holdings, . Holdings, Richmond American Homes, Woodside Homes, Holt Homes, Chesmar, Hubble Homes, Residential Holdings Locations: Denver, Osaka, California , Florida , Texas, Japan, Australia, China, Singapore, U.S, Woodside, Sekisui
Taiwan Semiconductor Manufacturing — U.S.-listed shares of the semiconductor company popped 9.79% on the back of a fourth-quarter profit and revenue beat . Fastenal earned 46 cents per share on revenue of $1.76 billion, while analysts polled by StreetAccount forecast 45 cents per share on $1.75 billion in revenue. Adjusted earnings per share were 32 cents, versus the 27 cents expected from analysts polled by StreetAccount. KeyCorp — The Cleveland-based bank dropped 4.62% after reporting fourth-quarter adjusted earnings per share of 3 cents, down from 38 cents a year prior. Kinder Morgan — Kinder Morgan shares slid 1.42% after the natural gas pipeline operator reported fourth-quarter revenue of $4.04 billion, missing the LSEG consensus estimate of $4.41 billion.
Persons: Sekisui, Hertz, Morgan Stanley, Fastenal, Birkenstock, KeyCorp —, Kinder Morgan — Kinder Morgan, CNBC's Lisa Han, Samantha Subin, Alex Harring, Yun Li, Pia Singh, Sarah Min Organizations: Apple —, Nasdaq, Bank of America, Apple, CVS Health, MDC Holdings, MDC, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor, Nvidia, Qualcomm, Devices, Spirit Airlines, JetBlue, Citi, StreetAccount, Horizon, Discover Financial, Wolfe Research, JPMorgan Locations: KeyCorp — The Cleveland, Singapore
Jim Cramer names four tailwinds helping stocks rip higher
  + stars: | 2024-01-18 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
The major indexes busted out of a slump on Thursday and CNBC's Jim Cramer pinpointed several unexpected market tailwinds, telling investors to look for this kind of action instead of obsessing over news from the Federal Reserve. "I'd rather look for these unexpected tailwinds that affect individual companies. According to Cramer, the return of Japan as a notable player in mergers and acquisitions is another tailwind. Cramer said activist investor Nelson Peltz's proxy fight to get into Disney 's boardroom could lead to higher value for the company. Above all, Cramer reminded investors not to trade, but to research and identify stocks they believe in for the long term.
Persons: CNBC's Jim Cramer, Cramer, Apple, Nelson Organizations: Federal Reserve, of America, Apple, homebuilder MDC Holdings, Nippon, U.S . Steel, Disney Locations: Japan
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