Japanese steelmaker Kobe Steel Ltd 5406.T , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.
3 steelmaker, admitted earlier this month to falsifying the quality data for aluminium and copper products and even optical disks.
Toyota, one of the world's largest automakers, identified aluminium plates supplied by Kobe Steel for the hoods and rear hatches of Toyota and Lexus brand vehicles. While only 4 percent of aluminum and copper shipments were affected, Japanese automakers were forced to figure out whether or not they'd used unsafe components on their vehicles.
Hard Facts About PayPal Holdings, Inc. (NASDAQ:PYPL)
Stelac Advisory Services LLC purchased a new position in shares of PayPal Holdings during the first quarter valued at $119,000. The stock is now moving above its 20-Day Simple Moving Average of 2.16% with a 50-Day Simple Moving Average of 6.67 percent.
Notable Stock Analysts Ratings Wells Fargo & Company
Piper Jaffray Companies set a $50.00 price target on Wells Fargo & and gave the company a "hold" rating in a report on Sunday. BidaskClub upgraded shares of Wells Fargo & from a sell rating to a hold rating in a research note on Thursday, June 29th.
Unsurprisingly, Kobe Steel has since taken a nose dive, with stocks dropping a insane 40% since the scandal was revealed.
Nonetheless, the company's fate hangs in the balance while checks are being carried out. They said there are no safety concerns associated with the components. "For a manufacturer, quality control is the most important thing and they were cheating for many years".
The metals and equipment maker said late Tuesday that it would "sincerely cooperate" with an investigation by the U.S. Department of Justice.
Japan's Ministry of Land, Infrastructure, Transport and Tourism is planning to probe the safety of automobiles, trains and planes using Kobe Steel products, a ministry spokesman said on Thursday.
"Where alternative suppliers are available, it is recommended to suspend use of Kobe Steel products until the legitimacy of the affected parts can be determined", the European Aviation Safety Agency said in a safety information bulletin.
Blue Apron expects to incur about $3.5 million in employee-related expenses due to the job cuts, according to a regulatory filing. A number of other hedge funds and other institutional investors have also made changes to their positions in APRN .
The surprise occupation of the city and the involvement of foreign fighters set off alarms in Southeast Asia and the West. Soldiers stood guard in front of some buildings and at intersections where battle debris had been shoveled to the side.
Tip-off is scheduled for 7 p.m. with pregame coverage beginning 30 minutes earlier on 98.7 FM, Arizona's Sports Station. McCollum for the season-opener for leaving the bench during a preseason game, per ESPN's Adrian Wojnarowski.
The athletes who are kneeling or otherwise not participating in the singing of the national anthem are sending the wrong message. The rules of the league says that players "should" stand up during the Star-Spangled Banner, but does not make this mandatory.
Based upon the camera angle, it's tough to tell just how far out of his auto Swinford was able to get before the fight. The collision also damaged Cullen's steering, and he coasted through the infield and stopped on the front straight.
The Montreal police department have not confirmed local radio reports that an investigation into these is under way. In 1998, Rozon was found guilty of fondling a 19-year-old woman, but continued to be employed by Just For Laughs .
It is presumed the suspect has been found, as the police announced they were no longer looking for the suspect around 4:50am. University police sent text and email alerts to students and employees at 2:35 a.m. alerting them to the shooting.
Teddy Bridgewater returns to Vikings practice
The 24-year-old quarterback said his knee was feeling fine the day after his first practice, though he wasn't taking any hits. If we're not being smart and I'm not doing whatever it takes to get to the race, I'll never be able to run the race.
Manager Koeman backed by Everton board despite poor start
Koeman's side are bottom of Group E, three points adrift of leaders Atlanta, having failed to win either of their opening matches. Kevin Mirallas, Tom Davies and Davy Klaassen all start for Everton in tonight's Europa League clash against Lyon .
Suspect in officer's death rubs feces on face, halts trial
On Thursday, deputies told ABC News that Judge Herman would not allow anyone to sit next to Boys, fearing he would act out again. Matthew Vogel, a staff attorney with the Orleans Public Defenders, said Boys was next of kin for both of his relatives.
North Korea Threaten Nuclear Strike on USA
In that same warning, the ambassador said North Korea would show peace toward any country that does not cooperate with the U.S. That's because the United States and North Korea are locked in a nuclear standoff that has raised the genuine prospect of war.