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API Technologies Corp. latest news:
Einhorn's Greenlight Capital cuts stakes in GM, Apple
David Einhorn's Greenlight Capital reduced its stakes in iPhone maker Apple Inc. and automaker General Motors Co. in the third quarter, according to a Tuesday regulatory filing. Greenlight's stake in Apple stood at 2,192,900 shares as of Sept. 30, reducing its stake by nearly 1.74 million shares, or 44%, compared to the end of the second-quarter, according to filing tracking service Whalewsidom.com. Greenlight cut its stake in GM by nearly 20.2 million shares, or 36%, to 34,561,500 shares, but also bought 2 million call options, which give a holder the right, but not the obligation, to buy the underlying security at a set price by a certain date. Greenlight bought 3.6 million shares of mattress maker Tempur Sealy International , while new stakes included nearly 8.4 million shares of Exela Technologies Inc. and 1.7 million shares of Venator Materials PLC .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hitachi Launches New Business Entity Hitachi Vantara To Solve Business And Societal Challenges
Hitachi, Ltd. has launched Hitachi Vantara, a new business entity to leverage the broad portfolio of innovation, development and experience from across Hitachi Group companies to deliver data-driven solutions for commercial and industrial enterprises.
This new company will unify the operations of Hitachi Data Systems, Hitachi Insight Group, and Pentaho into a single integrated business as Hitachi Vantara to capitalize on Hitachi’s social innovation capability in both operational technologies (OT) and information technologies (IT).
OT Expertise Combined With IT
Hitachi has been in OT for industries such as finance, government, manufacturing, power/energy and transportation for over 100 years, providing solutions that have positively impacted cities, industrial operations and businesses at large. The company has also been prominent in IT for over 50 years—bringing IT applications, analytics, content, cloud, and infrastructure...
Philippines says will lift Uber suspension if hefty fine paid
* Regulator lifts one-month suspension on Uber. * Regulator orders Uber to pay $3.7 mln in fines. * Uber says will comply with the conditions. By Manolo Serapio Jr. The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc if it paid a penalty of 190 million pesos, a fine nearly 20 times greater than Uber had offered to pay.
Investor Benchmark claims ex-Uber CEO is a 'corrosive influence'
Benchmark Capital called ousted Uber Technologies Inc Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board.
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