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Troubled Toshiba announces buyout offer led by Japan businesses

Published Tue, 25 Feb 2025 04:33:08 GMT

TOKYO (AP) — Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around.The tender offer led by a buyout fund of major Japanese banks and companies called Japan Industrial Partners starts Tuesday and is priced at 4,620 yen ($32) a share. Chairperson Akihiro Watanabe asked shareholders to back the proposal, saying it is the only option for Toshiba Corp. to return to its former strength. “This move for Toshiba is great not only for Japan but also for the world,” he said. “I have faith in the revival of Toshiba.”Tokyo-based Toshiba also reported a 25 billion yen ($176 million) loss for the April-June quarter on 704 billion yen ($5 billion) in sales, down nearly 5% from the previous year.It did not give a full fiscal year profit projection, citing uncertainties in its computer chip business. If the proposal succeeds, it will be a major step in Tos...

Stock market today: Global benchmarks mostly slip after Wall Street’s losing week

Published Tue, 25 Feb 2025 04:33:08 GMT

TOKYO (AP) — Global shares were trading mostly lower on Monday after U.S. employment data closed out a losing week for Wall Street. France’s CAC 40 slid 0.2% in early trading to 7,298.28, while Germany’s DAX lost 0.3% to 15,909.75. Britain’s FTSE 100 was down 0.5% at 7,526.42. U.S. shares were set to drift higher with Dow futures up 0.2% at 35,217.00. S&P 500 futures rose nearly 0.3% to 4,509.25. Investors were also closely watching earnings reports due later this week, including from Disney in the U.S., Alibaba Group in China and Sony and SoftBank in Japan.Japan’s benchmark Nikkei 225 recouped losses earlier in the day and gained 0.2% to finish at 32,254.56. Australia’s S&P/ASX 200 shed 0.2% to 7,309.20. South Korea’s Kospi fell 0.9% to 2,580.71. Hong Kong’s Hang Seng changed little at 19,537.92, while the Shanghai Composite dropped 0.6% to 3,268.83. “Local stocks appear to be latching onto the U.S. downswing from Friday as investor...

Rights group denounces Tanzanian government for detaining critics and urges freedom of expression

Published Tue, 25 Feb 2025 04:33:08 GMT

NAIROBI, Kenya (AP) — An international human rights group denounced Tanzania’s government on Monday for detaining critics and urged it to respect freedom of expression and the right to protest.Human Rights Watch said 22 people have been detained since June for criticizing a government decision to have a foreign logistics company manage Tanzania’s ports.The ports agreement was approved by Tanzania’s parliament on June 10, triggering protests in which a number of people were arrested.An opposition politician, Mdude Nyagali, who is a vocal critic of the plan to give control of the country’s ports to the United Arab Emirates company was also arrested after he criticized the agreement at a news conference.“The Tanzanian government’s suppression of its critics is a troubling sign of its low tolerance for dissenting views,” Oryem Nyeko, a Tanzania researcher at Human Rights Watch, said in a statement Monday.Tanzania has made some reforms since the death in 2021 of autocratic Presiden...

Medical center attacks show why health care is one of the nation's most violent fields

Published Tue, 25 Feb 2025 04:33:08 GMT

Word spread through an Oregon hospital last month that a visitor was causing trouble in the maternity ward, and nurses were warned the man might try to abduct his partner's newborn.Hours later, the visitor opened fire, killing a security guard and sending patients, nurses and doctors scrambling for cover.The shooting at Legacy Good Samaritan Medical Center in Portland was part of a wave of gun violence sweeping through U.S. hospitals and medical centers, which have struggled to adapt to the growing threats.Such attacks have helped make health care one of the nation's most violent fields. Data shows American health care workers now suffer more nonfatal injuries from workplace violence than workers in any other profession, including law enforcement.“Health care workers don’t even think about that when they decide they want to be a nurse or a doctor. But as far as actual violence goes, statistically, health care is four or five times more dangerous than any other profession,”...

10.9% increase in employment in sport in 2022 in the EU

Published Tue, 25 Feb 2025 04:33:08 GMT

In 2022, 1.51 million people were employed in the sports sector in the EU, representing 0.8% of total employment. This represents an increase of 10.9% in the number of people employed in the sports sector compared with 2021 (1.36 million). The sports sector includes economic activities and occupations such as in sport teams and clubs, trainers, independent athletes, fitness centres and activities for the promotion and management of sport events.Among the EU members, Sweden had the highest share of people working in the field of sport (1.4% of total employment), followed by Finland, Denmark (both 1.2%), Spain and France (both 1.1%). In contrast, the lowest shares of people employed in the sports sector were registered in Romania (0.2% of total employment), Bulgaria (0.3%), Poland and Slovakia (both 0.4%), and Croatia and Lithuania (both 0.5%).Source dataset: sprt_emp_sexMen outnumber women in employment in sportFor employment in the sports sector, more men were represented than women...

Harriette Cole: How do I tell my friend I won’t support her custody request?

Published Tue, 25 Feb 2025 04:33:08 GMT

DEAR HARRIETTE: A close friend of mine has approached me, asking for my support as she fights for custody of her children. However, as much as I care for her, I have reservations about whether she truly deserves full custody.Related ArticlesAdvice | Harriette Cole: My co-workers are being mean, but I can’t report the whole staff to HR Advice | Harriette Cole: My son is emulating a misogynist YouTuber, and it has upset our household Advice | Harriette Cole: How do I rein in my friend, the rookie rebel? Advice | Harriette Cole: My girlfriend’s teeth have me worried Advice | Harriette Cole: Their comments about my baby are hurtful While I don’t want to betray her trust, I also want what’s best for the kids. How can I handle this situation delicately and responsibly without jeopardizing our friendship?Sticky SituationDEAR STICKY SITUATION: Sometimes being a good friend means risking y...

Ask Amy: This bizarre wedding shower was a disaster, and the bride is furious

Published Tue, 25 Feb 2025 04:33:08 GMT

Dear Amy: My family maintains fairly simple tastes. My stepbrother got engaged to “Sharon.” Her family had a similar background to ours, but business success means they now live very extravagantly, and Sharon never lets us forget it.My mother and I were invited to her wedding shower. The invitation stated: “Do not bring gifts.” Unless I’ve been asleep my whole life, I thought one major point of a shower was the gifts. That’s the “shower” part, right?We tried to get a clarification from Sharon, but she acted very mysterious.At the shower venue, my mother and I walked into a nearly silent room of people, in the center of which was a large table heaped with very expensive items: china, crystal, sterling silver, a $400 pen, a $4,500 tennis bracelet and a $2,000 cappuccino machine.Sharon gave us each a pad of stickers and a pen. She explained that we were to “browse” the table and put our name on a sticker to “affix to whatever gift we wished to give.”There were more “sign-up” sheets for...

Another weekend of deadly shootings leaves DC officials calling for action

Published Tue, 25 Feb 2025 04:33:08 GMT

A D.C. Council member says the city could be doing more to curb crime after another deadly weekend of shootings.Ward 1 Council member Brianne Nadeau said multiple shootings on Saturday — including incidents on U Street and Adams Morgan — highlight ongoing public safety issues the District faces. According to Nadeau, she’s already planning to discuss safety issues in depth at upcoming meetings in the days and weeks ahead.“There’s too much violence in our community right now, and it’s really scary for residents — and it’s not OK,” she told WTOP. “It’s not OK to bring your guns to the District of Columbia and use them against people.”Nadeau said all D.C. entities have a commitment to end this recent crime wave and are working together to achieve that goal. But she admitted that there needs to be more synergy between departments.“It needs to be about how all of our different entities are working together to resolve crime issues, not just MPD,” Nadeau said.&...

After Sunday night’s rain, Monday evening expected to bring more severe storms to DC area

Published Tue, 25 Feb 2025 04:33:08 GMT

Listen live to WTOP for the latest on storm damage and outages.After Sunday night brought thunderstorms to the D.C. region that dared to keep Beyoncé waiting, Monday evening’s forecast is not looking sunnier, with risks for damaging winds, isolated tornadoes and hail.The National Weather Service warns that there is an enhanced risk for severe storms in the D.C. area later today — level 3 out of 5, in terms of severity — with the risk of damaging winds, isolated tornadoes and large hail possible. The storms will be moving from west to east from 2 to 9 p.m.It’s a high impact severe weather day across the region. Storm timing remains between 2-9pm. Widespread damaging winds appear to be the primary threat along with large hail and isolated tornadoes. Have a way to get warning via ,, or . #MDwx #VAwx #WVwx #DCwx pic.twitter.com/0TuJdI4MWX— NWS Baltimore-Washington (@NWS_BaltWash) August 7, 2023According to 7News First Alert Meteorologist Brian van de Graaff, area...

Sohu.com: Q2 Earnings Snapshot

Published Tue, 25 Feb 2025 04:33:08 GMT

BEIJING (AP) — BEIJING (AP) — Sohu.com Limited (SOHU) on Monday reported a loss of $21.2 million in its second quarter.On a per-share basis, the Beijing-based company said it had a loss of 62 cents. Losses, adjusted for non-recurring costs and stock option expense, were 52 cents per share.The operator of a popular Chinese Web portal posted revenue of $152.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOHU at https://www.zacks.com/ap/SOHUSource