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Mitsubishi Heavy says it’s weighing various optionsCompany to announce plans for SpaceJet Oct. 30Shares rise over 4%TOKYO, Oct 23 (Reuters) – Mitsubishi Heavy Industries (7011.T), opens new tab will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan’s first passenger aircraft in half a century, two sources said.The sources with knowledge of the decision told Reuters that the plan would be announced along with a medium-term business plan on Oct. 30. They declined to be identified because the plan is not yet public. Sign up here.Mitsubishi Heavy said in a statement…

Jan 29 (Reuters) – GameStop (GME.N), opens new tab and AMC Entertainment Holdings (AMC.N), opens new tab remained overwhelmingly favored stocks on Reddit’s top trading forum on Thursday, even as they and other companies at the core of a retail trader frenzy plummeted after online brokerages imposed trading restrictions.Data about posts and comments on Reddit’s Wallstreetbets, aggregated on swaggystocks.com, opens new tab, showed GameStop and AMC were by far the most discussed stocks on the discussion group that has fueled their recent surge, with both continuing to enjoy overwhelming positive sentiment. Sign up here.Swaggystocks.com was created by Reddit member swaggymedia,…

JAGUAR Land Rover, the UK’s largest automotive employer, is beginning to recover from a major cyber attack that has disrupted its operations.For weeks, the carmaker’s critical systems, including vehicle design and manufacturing, had been paused – with thousands of factory workers forced to stay at home. 4Jaguar Land Rover gears up for a phased production restart after a devastating cyber-attack has disrupted operations for weeksCredit: Getty4Economists have warned of potential ripple effects on the UK economy as JLR works to recover from the shutdown of its factoriesCredit: GettyHowever, some workers have begun to return to the Wolverhampton factory, which manufactures engines…

Feb 16 (Reuters) – Platinum retreated from a near 6-1/2-year high on Tuesday as prices hit a technical resistance, although expectations that a rebound in the global economy would stoke demand kept the autocatalyst metal supported above the $1,300 an ounce level.Platinum , used in catalytic converters for vehicles, was up 0.7% at $1,312.34 an ounce by 0706 GMT, but off the session high of $1,336.50, its best since September 2014. Sign up here.Prices hit a technical resistance near the $1,330 level, said Stephen Innes, chief global market strategist at financial services firm Axi said, adding that it was a…

Russia’s heavy industries are cutting jobs and shortening work weeks as the country’s economy weakens in the fourth year of its full-scale invasion of Ukraine. From railways and car plants to cement, coal, diamonds and metals, major employers are cutting labor costs to cope with weaker demand at home and shrinking export markets abroad, according to a report by Reuters.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. The agency identified six companies, many of them industrial titans, which have curtailed their working week in order to slash costs without boosting unemployment. It comes as the Russian…

BBCChantelle, 25, pictured with partner Lee and two of her children, said she was “heartbroken” after the fireA family who lost about £10,000 worth of possessions in a fire have warned others of the importance of contents insurance.Chantelle, 25, and partner Lee lived at the council-owned flat in Stapleford, Nottinghamshire, with her three children.She said she had dropped her son off at nursery on 1 October and returned to find the flat on fire.The family is now living in emergency accommodation – a one-bedroom flat eight miles away – and have urged others to think about getting insurance to cover…

This article was written byFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any…

Chris Turlica is the CEO of MaintainX — a leading CMMS and EAM platform for maintenance and reliability teams.Reliability doesn’t come cheap: U.S. manufacturers spend over $57 billion annually repairing and maintaining machinery. But that’s nothing compared to how much industrial organizations lose when machinery isn’t well maintained: Related losses, including downtime and product defects, cost the industry as much as $222 billion per year.This means that well-run maintenance operations more than pay for themselves in terms of unplanned downtime reductions and other avoided losses. Sloppy maintenance, on the other hand, costs companies millions of dollars, over and above direct…

LONDON, Nov 3 (Reuters) – U.S. asset manager Waterfall has agreed to buy UK firm Alternative Credit Investments (ACI) (ACI.L), opens new tab for 639 million pounds ($826.80 million) in cash, the companies said on Tuesday.The acquisition price of 870 pence per share represents a premium of around 5.1% to the closing price of 828 pence per share of Alternative Credit Investments, formerly Pollen Street Secured Lending, on Feb 24. Sign up here.ACI’s board recommended the offer in February, at the same time as ditching its investment management agreement with private equity firm Pollen Street Capital. read more Waterfall became…

When Tina Chummun received a text message from her boss sacking her on the spot with no paid notice period, she feared for her career and how she would pay her bills.Tina had been working in marketing for a start-up company that specialised in providing menopause support and took pride in her work.But for weeks leading up to her dismissal in April last year, relations at work had become strained. Tina says she was bombarded with WhatsApp messages about her job to her personal phone, sometimes until 11 o’clock at night.On top of that, she herself had been grappling with severe perimenopausal…