DIRS.INFO The most relevant business & tech news

☆ Anger Builds in Towns Deliberately Flooded, in Part, to Save Beijing
▼ + stars: | 2023-08-04 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: 1 min

For days, the rain came down in sheets, pounding Beijing and areas around it in what the government said was the heaviest deluge China’s capital had seen since record keeping began 140 years ago. When the extreme downpour finally stopped on Tuesday, most of Beijing had been spared the worst — but partly because officials made sure the floodwaters went elsewhere. Officials in Hebei Province, which borders Beijing, had opened flood gates and spillways in seven low-lying flood control zones to prevent rivers and reservoirs from overflowing in Beijing and the region’s other metropolis, Tianjin, state media said. The Communist Party leader of Hebei, Ni Yuefeng, said he ordered the “activation of flood storage and diversion areas in an orderly manner, so as to reduce the pressure on Beijing’s flood control and resolutely build a ‘moat’ for the capital.”

Persons: Ni Yuefeng, ” Organizations: Communist Party Locations: Beijing, Hebei Province, Tianjin, Hebei, Ni

☆ Earnings beat and raise gives this underappreciated U.S. industrial stock the boost it deserves
▼ + stars: | 2023-08-02 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Emerson also saw better-than-expected profit margin performance and robust cash flow. Topping it all off, management raised their earnings outlook and sales growth forecast to ranges above what analysts had been expecting. As for cash flow, management offered up a slight increase to their full-year forecast, at the midpoint. Operating cash flow is now expected to be in the range of $2.5 billion to $2.6 billion (versus $2.63 billion expected) while free cash flow is expected to come in between $2.2 billion and $2.3 billion (versus $2.21 billion expected). This compares to prior operating cash flow and free cash flow targets of about $2.5 billion and roughly $2.2 billion, respectively.

Persons: outperformance, Emerson, we're, Jim Cramer's, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson Electric, Club, Software, Control, Caterpillar, Emerson, NI, National, EV, Devices, Safety, Productivity, CAT, CNBC Locations: Marshalltown , Iowa

☆ A Federal Food Safety Case Reveals Latest New York City Rat Horror Story
▼ + stars: | 2023-07-30 | by ( William K. Rashbaum | More About William K. Rashbaum | ) www.nytimes.com time to read: +1 min

The details of the case, made public on Friday, immediately entered the pantheon of New York City rat tales. This year, Mayor Eric Adams appointed the city’s first rat czar to confront the long-running rodent problem. Perhaps most famous was Pizza Rat, a large brown rat that went viral after video emerged showing it dragging a large slice of pizza down the stairs to an L line station in Manhattan in 2015. But it was Meat Rats — and several instances of selling misbranded chicken gizzards, pork spareribs and other meat — that put an end to Ya Feng, which ceased operations at the end of 2022. The lawsuit accused the company; its owner and president, Linmin Yang; and the warehouse manager, Kong Ping Ni, of violating the Federal Meat Inspection Act and the Poultry Products Inspection Act.

Persons: Eric Adams, Ya Feng, Linmin Yang, Kong Ping, Valerie Caproni Organizations: Inspection, Poultry, U.S Locations: New York City, Bronx, Manhattan

☆ Why Ayam Cemani chickens are so expensive
▼ + stars: | 2023-07-22 | by ( Irene Anna Kim | Sarah Elkasaby | ) www.businessinsider.com time to read: 1 min

Ayam Cemani is a rare breed of chicken that is completely black, including its organs, muscles, and bones. Cemani, pronounced che-MA-ni in Indonesian and seh-MA-ni by many English speakers, comes from Sanskrit and means "jet black." As a result of a condition called fibromelanosis, Cemani chickens have 10 times as much melanin as most chicken breeds. While the price varies, a high-quality Ayam Cemani can sell for over $6,000, and a single egg can fetch as much as $16. But what makes these chickens so special?

Locations: Indonesia

☆ The first-ever independent investigator to visit Guantánamo Bay says she arrived 'too late'
▼ + stars: | 2023-07-08 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

An independent UN investigator visited the Guantánamo Bay prison for the first time in February. She has since called on the US to provide torture rehabilitation and educational resources. The United States used the prison at Guantánamo Bay to detain men it believed to be connected to the Sept. 11 terrorist attacks in 2001. Many of those detained were held indefinitely without trial, which led to international condemnation of the United States from human rights groups. The United States detained a total of 780 men at Guantánamo Bay.

Persons: United Nations —, Ní Aoláin, Biden Organizations: Service, United Nations, United, Associated Press, AP Locations: Wall, Silicon, Guantánamo, United States, Bay, Cuba

☆ Duke Energy to sell distributed generation portfolio in $364 million deal
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

July 5 (Reuters) - Utility firm Duke Energy (DUK.N) said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy (BE.N). Duke said it expects about $259 million of proceeds from this sale, which the company would use to help incorporate more than 30,000 megawatts of regulated renewable energy into its system by 2035. Electric utilities in the United States are streamlining their operations to shift away from fossil fuels toward cleaner energy sources, including solar and wind, to meet climate goals. "The sale of commercial renewables businesses streamlines our portfolio and provides the resources to support our growing regulated territories," said Duke President and CEO Lynn Good.

Persons: Duke, Lynn Good, Tanay, Shilpi Majumdar Organizations: Duke Energy, ArcLight Capital Partners, REC, Bloom Energy, Electric, Duke, Thomson Locations: United States, Bengaluru

☆ Conditions at Guantánamo Are Cruel and Inhuman, U.N. Investigation Finds
▼ + stars: | 2023-06-26 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

The last 30 detainees at Guantánamo Bay, including the men accused of plotting the Sept. 11 attacks, are being held by the United States under circumstances that constitute “cruel, inhuman and degrading treatment under international law,” a United Nations Human Rights investigator said on Monday. She issued the report one month before her term as rapporteur ends. She said the conditions at the prison “may also meet the legal threshold for torture.”Ms. Aolain was the first United Nations investigator to be granted access to the detention center in its two-decade history. She said in an interview that she met with a cross section of the 34 prisoners who were there in February, including former C.I.A. detainees who are facing criminal charges and others who have been approved for transfer to other nations.

Persons: ”, Fionnuala Ni, Ms, Aolain Organizations: United Nations Human, United Nations Locations: Guantánamo, United States, Minnesota

☆ US should apologize to Guantanamo Bay inmates for treatment -UN expert
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - A United Nations expert said on Monday that U.S. government treatment of Guantanamo Bay inmates was cruel, inhuman and degrading under international law and called for Washington to apologize and provide reparation. "I observed that after two decades of custody, the suffering of those detained is profound, and it's ongoing," Fionnuala Ni Aolain said at the United Nations after completing the first official visit by a U.N. expert to the detention facility in Cuba. The prison was set up in 2002 by then-U.S. President George W. Bush to house foreign militant suspects following the 9/11 attacks on the United States. Its population grew to a peak of about 800 inmates before it started to shrink. The comments by the independent expert add to recent criticism from the Red Cross and another UN body.

Persons: Ni Aolain, George W, Bush, Joe Biden, Washington, Emma Farge, Idrees Ali, Chris Reese, Howard Goller Organizations: United, United Nations, Pentagon, UN, Thomson Locations: United Nations, Guantanamo, Washington, Cuba, United States

☆ I Got My Name From Connie Chung. So Did They. - The New York Times
▼ + stars: | 2023-05-11 | by ( Connie Wang | ) www.nytimes.com time to read: +21 min

In my freshman class alone, there was a Connie Zheng, a Connie Guo, a Connie Xu, a few Connie Chengs, and multiple Connie Wangs. That ayi was Constance Yu-Hwa Chung, or, as the world knows her, Connie Chung. Connie Chung hosting the “CBS Evening News” in 1991, the year after the author named herself Connie. Connie Wang Connie Koh Connie Yang Connie Tang Connie Jang Connie Chung Connie Moy Connie Huang Connie Kwok Connie Chang Connie Sun Connie Chung, center, surrounded by 10 members of Generation Connie. Clockwise from top right, Connie Yang, Connie Tang, Connie Moy, Connie Sun, Connie Chang, Connie Kwok, Connie Huang, Connie Jang, Connie Wang and Connie Koh.

☆ The Coronation of King Charles: Order of Service
▼ + stars: | 2023-05-06 | by ( ) edition.cnn.com time to read: +46 min

The Archbishop saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? Christopher Finney GC saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? We praise thee, we bless thee,we worship thee, we glorify thee,we give thanks to thee for thy great glory,O Lord God, heavenly King, God the Father Almighty. O clap your hands together, all ye people;O sing unto God with the voice of melody. The King touches the Ring and the Archbishop saysReceive this Ring, symbol of kingly dignity and a sign of the covenant sworn this day, between God and King, King and people.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Emerson Electric to buy NI Corp for $8.2 bln to deepen automation push
▼ + stars: | 2023-04-12 | by ( Nathan Gomes | ) www.reuters.com time to read: +2 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) said on Wednesday it will buy measurement tools maker NI Corp (NATI.O) for $8.2 billion in a bid to boost its automation capabilities. The purchase will allow Emerson to tap NI's software-connected automated test and measurement systems for higher growth and margins in its automation portfolio. Emerson has executed a string of deals over the last few years to streamline itself into an industrial automation provider. The NI deal is expected to close in the first half of Emerson's fiscal 2024. Goldman Sachs & Co LLC and Centerview Partners LLC were financial advisers to Emerson on the deal, while Davis Polk & Wardwell LLP was its legal adviser.

☆ Emerson Electric to buy NI for $8.2 bln to deepen automation push
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) on Wednesday said it would buy measurement tools maker NI Corp (NATI.O) for $8.2 billion in an effort to boost its automation capabilities. Emerson has executed a string of deals over the last few years to streamline itself into an industrial automation provider. The NI deal is expected to close in the first half of Emerson's fiscal 2024. Shares of Emerson, which already owns an about 2% stake in NI, fell more than 2% to $82.55 in premarket trade. NI launched a formal sale process in January after Emerson threatened to challenge its board if it did not engage in deal negotiations.

☆ Emerson Electric to buy NI Corp for $8.2 billion in automation push
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) on Wednesday said it would buy measurement equipment maker NI Corp (NATI.O) for $8.2 billion in an effort to boost its automation capabilities. The purchase of Texas-based NI, which provides software-connected automated test and measurement systems, will help Emerson achieve a higher-growth and higher-margin automation portfolio. NI launched a formal sale process in January after Emerson threatened to challenge its board if it did not engage in deal negotiations. Reuters reported on Tuesday that Emerson was in advanced talks to acquire NI. Goldman Sachs & Co LLC and Centerview Partners LLC are serving as financial advisors to Emerson, while Davis Polk & Wardwell LLP is serving as legal advisor.

☆ UK's Sunak, Biden discussed NI investment, foreign policy
▼ + stars: | 2023-04-12 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsUK's Sunak, Biden discussed NI investment, foreign policyPostedBritish Prime Minister Rishi Sunak said he spoke to U.S. President Joe Biden on Wednesday (April 12) about the ?incredible economic opportunities? for Northern Ireland.

☆ Ukrainian dolphin refugees delight Romanian kids
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Olimpiu GheorghiuBUCHAREST, April 6 (Reuters) - At the dolphinarium in the Black Sea port city of Constanta, Romanian and Ukrainian trainers are letting dolphins guide them despite language barriers. Last year, the dolphinarium took in four dolphins and three sea lions alongside their trainers and doctors fleeing the shelling in the eastern Ukrainian city of Kharkiv. "Now we have more colleagues ... Ukrainian colleagues and Ukrainian dolphin colleagues," Romanian trainer Mona Mandrescu said at the edge of the pool after a mid-morning performance for hundreds of delighted school children. Romania is one out of some fourteen European Union states that have dolphinariums and captive sea animals. In Kharkiv, the local dolphinarium sought to move their dolphins and sea lions as soon as the shelling started last February.

☆ Ukrainian dolphins find new home in Romanian aquarium
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

BUCHAREST, April 6 (Reuters) - At the dolphinarium in the Black Sea port city of Constanta, Romanian and Ukrainian trainers are letting dolphins guide them despite language barriers. Last year, the dolphinarium took in four dolphins and three sea lions alongside their trainers and doctors fleeing the shelling in the eastern Ukrainian city of Kharkiv. "Now we have more colleagues ... Ukrainian colleagues and Ukrainian dolphin colleagues," Romanian trainer Mona Mandrescu said at the edge of the pool after a mid-morning performance for hundreds of delighted school children. Romania is one out of some fourteen European Union states that have dolphinariums and captive sea animals. [1/4] Ukrainian dolphin trainer Sonia Chezghanova interacts with two dolphins at the Constanta Dolphinarium, where four dolphins and three sea lions from a destroyed aquarium in Ukraine found refuge, in Constanta, Romania, April 4, 2023.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Oscar success puts 'endangered' Irish language centre stage
▼ + stars: | 2023-03-12 | by ( Padraic Halpin | ) www.reuters.com time to read: +3 min

DUBLIN, March 12 (Reuters) - Thousands of miles from the glitz of Sunday's Oscars, the first Irish language film to earn a nomination is sparking renewed interest in a native tongue spoken by so few it is considered endangered by the United Nations cultural agency. Competing for best international feature, "An Cailín Ciúin" (The Quiet Girl) last year became the first Irish language film to gross more than 1 million euros ($1.06 million) at the UK and Irish box office. Director Colm Bairéad says the success feels like it is boosting a language he grew up feeling self-conscious about because of its rarity. Mac Conghai's production company, which creates everything from Irish language children's programmes to dating shows, has more than doubled its number of staff in the past decade. "I think it's a way of seeing the language isn't just something academic or something historical in a museum.

☆ Alibaba and Ant venture to launch RISC-V chips for payments
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting China's semiconductor sector. Alibaba is one of several Chinese tech companies to pour research and development resources into RISC-V, an alternate chip architecture. The open-source nature of RISC-V's design in theory makes it less susceptible to export restrictions. In 2019, Washington imposed export restrictions on China's Huawei Technologies Co Ltd (HWT.UL), which threw the company's access to ARM designs in limbo. In late 2022, the United States launched similar export restrictions on Chinese chip fabs and research labs.

☆ Hopes for Northern Ireland deal send sterling higher
▼ + stars: | 2023-02-27 | by ( Joice Alves | ) www.reuters.com time to read: +2 min

LONDON, Feb 27 (Reuters) - Sterling rose on Monday amid renewed speculation Britain and the European Union will finalise a Northern Ireland deal, which could resolve post-Brexit tensions. The deal is aimed at solving tensions caused by 2020 post-Brexit arrangements governing the British province and its open border with EU member Ireland. Sterling rose 0.36% against the U.S. dollar to $1.1982, after slipping to an almost two month low against the greenback. ING strategists agreed, saying the key focus for sterling would remain interest rate hike expectations. On the other hand, a strengthening dollar could send sterling to $1.1850 this week, ING said in a note.

☆ An 'elite' Russian unit has been weakened by severe front-line losses, and the replacements appear to be making things worse, Western intel says
▼ + stars: | 2023-02-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russia's 155th Naval Infantry Brigade has suffered heavy losses while fighting in Ukraine. The 155th was considered to be an "elite" unit, but has been degraded, Western intelligence says. It's the latest high-profile Russian unit to see a high number of causalities on the battlefield. SERGEY BOBOK/AFP via Getty ImagesThe 155th is not the only Russian unit considered elite that has suffered severe setbacks and losses in Ukraine. Western intelligence estimates that Russian forces may have suffered as many as 200,000 casualties while fighting in Ukraine, with up to 60,000 troops dead.

☆ Emerson to not proceed with board nominations at takeover target NI Corp
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Jan 23 (Reuters) - U.S. industrial software firm Emerson Electric Co (EMR.N) said on Monday it would not nominate candidates for election to the board of testing and measurement equipment maker NI Corp (NATI.O) and kept its buyout offer price unchanged. Emerson last week disclosed a hostile $53-per-share offer for NI, which it has been trying to buy unsuccessfully for several months, as it looks to capitalize on upbeat demand in the automation sector. "We are optimistic that the NI Board has commenced a process that we believe will lead to the sale of the company. NI has also confirmed Emerson will be a participant in that process," Emerson said. Emerson expects to increase its footprint in the testing and measurement market and bolster its portfolio of automation products if the offer to acquire NI goes through.

☆ Jim Cramer's Investing Club meeting Monday: Exercise restraint, Salesforce, Emerson Electric
▼ + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch Emerson Emerson Electric (EMR) on Monday issued an update on its hostile takeover bid for National Instruments (NATI), saying the industrial conglomerate's "premium all-cash proposal at $53 a share, with no financing conditions or anticipated regulatory concerns, is compelling and in the best interest of Emerson and NI shareholders." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ COVID-hit Chinese factories eye gradual recovery after Lunar New Year break
▼ + stars: | 2023-01-19 | by ( David Kirton | ) www.reuters.com time to read: +5 min

But people running factories expect that the sudden U-turn will at least deliver a recovery that will be faster than what would have followed a phased withdrawal of controls. Economically, the country should finally leave behind a pandemic that suppressed domestic demand and snarled global supply chains for three years. LIMPING BACK TO NORMALLi's factories had to scramble last month, when up to a third of their workers were down with COVID at the same time. Her industry peer Li says his factories might even need to cut jobs later this year if external demand weakens. "If the U.S. economy enters a recession, then it's going to be very damaging to us," he said.

Search resuls for: "NI"

25 mentions found