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API Technologies Corp. latest news:
Toshiba settles with Western Digital, clearing path for Bain-Apple acquisition
Toshiba Corp. and Western Digital Corp. officially settled litigation Tuesday that should clear a path for a long-planned sales of Toshiba's flash-memory unit. Toshiba has agreed to sell the business to a consortium led by private-equity firm Bain Capital, which includes Apple Inc. , Dell Technologies Inc., Seagate Technology PLC and others. Western Digital made its own bid for the assets, and eventually sued Toshiba based on joint-manufacturing agreements. Western Digital confirmed reports earlier in the day of a settlement with a filing Tuesday afternoon that breaks down the revised agreement for new manufacturing facilities. Toshiba is seeking to sell its profitable flash-memory unit as part of an effort to avoid having its stock delisted in Japan due to struggles at its U.S. nuclear subsidiary, Westinghouse. Western Digital shares increased more than 2% in after-hours trading Tuesday.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.
BRIEF-Akamai Recommends Shareholders Reject "Mini-Tender" Offer By TRC Capital Corporation
Akamai Technologies Inc(AKAM): * AKAMAI RECOMMENDS SHAREHOLDERS REJECT "MINI-TENDER" OFFER BY TRC CAPITAL CORPORATION. * Akamai Technologies Inc (AKAM) - CO DOES NOT ENDORSE TRC CAPITAL'S UNSOLICITED MINI-TENDER OFFER. * AKAMAI SAYS GOT NOTICE OF UNSOLICITED "MINI-TENDER" OFFER BY TRC CAPITAL TO BUY UP TO 2 MILLION SHARES OF CO AT $54.00 PER SHARE IN CASH.
VC and Uber investor Shervin Pishevar accused of sexual misconduct: report
Silicon Valley venture capitalist and Hyperloop One co-founder Shervin Pishevar is facing sexual misconduct allegations from at least five women, Bloomberg News reported late Thursday. Pishevar, an early investor and former board member of Uber Technologies Inc. and a friend of that company's ousted CEO, Travis Kalanick, exploited his professional connections in making unwanted sexual advances, Bloomberg reported, including assault. The women asked not to be identified out of fear of retaliation, and their complaints ranged from unsolicited displays of pornography to unwanted kisses to attempted sexual acts by force. Pishevar's representatives told Bloomberg the charges "will be shown to be untrue." Pishevar is co-founder of Sherpa Capital, and was also an early investor in Airbnb and Tumblr. He's also a major donor to the Democratic party.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.
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...
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