(RTTNews) - General Motors (GM) said its bidirectional-capable EVs, when paired with GM's home energy systems, can become a residential power resource capable of sustaining a home for days during localized grid failures. These EVs and energy systems are also engineered to support
(RTTNews) - General Motors (GM) said its bidirectional-capable EVs, when paired with GM's home energy systems, can become a residential power resource capable of sustaining a home for days during localized grid failures. These EVs and energy systems are also engineered to support
(RTTNews) - Tool maker Snap-on Incorporated (SNA) announced that it acquired Diesel Laptops LLC for approximately $100 million in cash. The deal closed on June 8.
(RTTNews) - Tool maker Snap-on Incorporated (SNA) announced that it acquired Diesel Laptops LLC for approximately $100 million in cash. The deal closed on June 8.
ASML's ascent to fresh record highs has been a highlight for European markets, yet it’s done little to improve what is the semiconductor firm's cheapest relative valuation in years. Its forward price-to-earnings ratio relative to major peers is at the lowest in more than a decade. Bloomberg's Dasha Afanasieva reports from Amsterdam. (Source: Bloomberg)
ASML's ascent to fresh record highs has been a highlight for European markets, yet it’s done little to improve what is the semiconductor firm's cheapest relative valuation in years. Its forward price-to-earnings ratio relative to major peers is at the lowest in more than a decade. Bloomberg's Dasha Afanasieva reports from Amsterdam. (Source: Bloomberg)
Starbucks ( SBUX ) is considering options for its Japanese business, including a stake sale, following the disposal of a majority interest in its China operations, Bloomberg reported. The US coffee chain has held preliminary talks with investment banks to help determine an approach for Japan, the report said. Japan is one of Starbucks’ biggest markets, with about 2,100 stores, most of which it ope...
Starbucks ( SBUX ) is considering options for its Japanese business, including a stake sale, following the disposal of a majority interest in its China operations, Bloomberg reported. The US coffee chain has held preliminary talks with investment banks to help determine an approach for Japan, the report said. Japan is one of Starbucks’ biggest markets, with about 2,100 stores, most of which it operates directly. The Seattle-based coffee chain closed its deal with Boyu Capital to sell control of its Chinese operations in April, valuing the business at $4B. More on Starbucks Starbucks Corporation (SBUX) Presents at The 6th Annual Evercore Consumer & Retail Conference Transcript Starbucks: The Turnaround Is Real, But So Is The Price Starbucks Corporation (SBUX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Starbucks sees a lift in afternoon traffic after a strategy shift The Starbucks brand faces more backlash in South Korea
South Africa’s plan to split power utility Eskom Holdings SOC Ltd. into separate units could weaken the state-owned electricity utility’s risk profile because its transmission unit accounts for a major share of its earnings, according to a bondholder and a ratings agency. The state is unbundling Eskom into generation, distribution and transmission units in a frequently delayed plan to open the gri...
South Africa’s plan to split power utility Eskom Holdings SOC Ltd. into separate units could weaken the state-owned electricity utility’s risk profile because its transmission unit accounts for a major share of its earnings, according to a bondholder and a ratings agency. The state is unbundling Eskom into generation, distribution and transmission units in a frequently delayed plan to open the grid to electricity trading and private generation. South African President Cyril Ramaphosa late Monday said the report of a task team established to advise on how to create an independent Transmission System Operator is now expected at the end of June, weeks after its original deadline. The sticking point is over whether transmission assets would remain within Eskom or be fully separated into the TSO, which is what Ramaphosa announced in February. That outcome means the power utility, which still generates the bulk of the southern African nation’s electricity with aging coal-fired power stations, loses ownership and control of its most valuable business. Transmission accounts for nearly 40% of Eskom’s core earnings, more than 35 billion rand ($2.1 billion) in the last financial year, said Jason Lightfoot , a portfolio manager at Cape Town-based Futuregrowth Asset Management , which holds Eskom bonds. “You can’t lift that off the balance sheet without affecting the credit profile of what remains, and unguaranteed creditors have contractual rights that require proper engagement before any asset transfer can proceed,” Lightfood said. Eskom split off the National Transmission Company South Africa in 2024 as a wholly owned subsidiary of the utility. “Further separation of NTCSA from Eskom will, in our view, be complex to implement,” Moody’s Ratings said in a May 29 report. The transfer of transmission grid assets and cash flows “would likely also weaken Eskom’s business risk profile” and credit quality could be “significantly impaired absent mitigating factors,” analysts wrote. Mu...
Nippon Steel Corp. raised ¥90 billion ($560 million) via its first straight-bond offering since completing the acquisition of United States Steel Corp. The 10-year tranche of the multi-part sale carried a 3.202% coupon, the highest for the company in about 30 years, according to data compiled by Bloomberg. Those notes were priced at a spread of 54 basis points over Japanese government bonds, the w...
Nippon Steel Corp. raised ¥90 billion ($560 million) via its first straight-bond offering since completing the acquisition of United States Steel Corp. The 10-year tranche of the multi-part sale carried a 3.202% coupon, the highest for the company in about 30 years, according to data compiled by Bloomberg. Those notes were priced at a spread of 54 basis points over Japanese government bonds, the widest since 1998, data compiled by Bloomberg showed. The five-year tenor was sold at 47 basis points, versus 27 basis points for a Sumitomo Metal Mining Co. deal last week, which had a slightly lower credit rating. Nippon Steel completed its roughly ¥2 trillion purchase of US Steel in June 2025. The yen-denominated bond sale is an early test of investor appetite for Japanese companies pursuing growth through large overseas acquisitions. Japanese companies often face a “dilemma” of having to pay wider spreads when pursuing acquisition-led overseas growth as business and financial risks rise, said Shunsuke Oshida , head of credit research at Manulife Investment Management (Japan) Ltd. For domestic investors, such deals can offer attractive opportunities, he said. Read more: US Steel Sees Pennsylvania Overhaul Costing Up to $2.5 Billion Nippon Steel had initially planned to raise around ¥50 billion and ultimately increased the size to ¥90 billion in response to investor demand. Joint lead managers were Mitsubishi UFJ Morgan Stanley Securities Co., Nomura Securities Co., SMBC Nikko Securities Inc., Daiwa Securities Co. and Mizuho Securities Co.