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Toshiba chairman issues cautious statement on CVC’s take-private offer By Reuters

TOKYO (Reuters) - The chairman of Toshiba Corp's board on Friday issued a statement on CVC Capital Partners' recent offer to take the company private, saying it was unsolicited and that a deal would require various antitrust approvals and financing. "This initial proposal by CVC was completely unsolicited and not initiated by Toshiba," board chairman Osamu Nagayama said. Toshiba is considering a $20 billion offer from the private equity firm. A deal would help shield Toshiba and Chief Executive Nobuaki Kurumatani, who joined the company from CVC, amid increasing pressure from activist shareholders. But analysts have...

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Boohoo leases new warehouse in Daventry By Reuters

(Reuters) - British online fashion retailer Boohoo said on Friday it had taken a long-term lease for a new warehouse in the English town of Daventry, as the group looks to expand and add capacity to its existing facilities. The warehouse is expected to become operational in the second quarter and the company expects to invest over 50 million pounds ($68.54 million) in the facility. "The deal is expected to secure up to 500 jobs and in the future create up to a further 1,000 jobs as capacity increases at the site," Boohoo said in a...

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China Flags Deeper Clampdown on Debt Growth at Local Banks By Bloomberg

(Bloomberg) -- China’s government told smaller, local financial institutions to step up risk management and avoid “excessive” growth, stepping up a campaign to clamp down on a build up in debt as the economy stabilizes. At a meeting of the Financial Stability and Development Committee on Thursday, Vice Premier Liu He called for “zero tolerance” on illicit activities, telling regulators to strengthen supervision of shareholders and owners of financial institutions, risk concentration, connected transactions and data authenticity, according to an official statement. With the coronavirus largely contained and the economy rebounding, policy makers are shifting...

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Porsche can not rule out production cuts over chip shortage -Handelsblatt By Reuters

FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p)'s luxury sports car unit Porsche AG might have to adjust production to reflect an ongoing shortage of crucial automotive chips, Handelsblatt reported. "We cannot rule out that we will lower the volume of some models in the near future," the company was quoted as saying by Handelsblatt, without giving more details. The lack of semiconductors, which has roiled the global car sector, caused General Motors Co (NYSE:GM) to announce earlier on Thursday extended production cuts at some of its North America factories. Porsche AG parent Volkswagen said it expects chip...

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Australia doubles Pfizer vaccine order as Astra clotting worries upend rollout By Reuters

By Byron Kaye SYDNEY (Reuters) - Australia has doubled its order of the Pfizer Inc (NYSE:PFE) COVID-19 vaccine, Prime Minister Scott Morrison said on Friday, as the country raced to overhaul its inoculation plan over concerns about the risks of blood clots with the AstraZeneca (NASDAQ:AZN) Plc vaccine. Until late Thursday, Australia based its vaccination programme largely on an AstraZeneca shot, with an order for 50 million doses - enough for the required two shots for its entire 25 million population - to be made domestically by biopharma CSL Ltd. But Australia has...

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Britain reassures on AstraZeneca after advising under-30s take other vaccines By Reuters

By Alistair Smout LONDON (Reuters) - British officials and ministers sought to shore up confidence in AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine on Thursday, saying advice that most people under 30 should be offered alternative shots was not unusual and would not impact the pace of rollout. A pharmacist whose brother died from a brain blood clot linked to the AstraZeneca shot was among those calling for people to keep getting it, saying the doses would save lives. Officials said the suggestion that under-30s should be offered an alternative did not reflect any serious safety concerns, just a...

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Producer Data, Union or Bust, Tee Time: 3 Things to Watch By Investing.com

By Christiana Sciaudone Investing.com --  Markets are still excited about the economy as Federal Reserve Chairman Jerome Powell assured everyone that its monetary spigot will remain wide open. "There is a brighter outlook for the U.S. economy from fiscal support, vaccines, but unevenness in recovery is a serious issue," Powell said. "We want to see a string of months like the March jobs report to see progress."   Case in point: Weekly jobless claims increased more than expected, sending U.S. bond yields lower and paving the way for big tech to continue its climb. Banks dropped. Feels...

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Exclusive: Roughly 500 ballots challenged in Amazon’s landmark union election By Reuters

By Mike Spector and Jeffrey Dastin (Reuters) - Roughly 500 ballots submitted in Amazon.com (NASDAQ:AMZN) Inc’s landmark union election have been challenged in a contest that will determine whether an Alabama warehouse becomes the online retailer’s first organized workplace in the United States, people familiar with the matter said. With about half of roughly 3,200 ballots counted, the election is currently poised to result in workers rejecting a unionization push by a more than 2-1 margin, potentially dealing a blow to organized labor. The challenged ballots could take on significance if the union meaningfully closes the...

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Vaccine rollout in England prevented 10,400 deaths by end-March, study says By Reuters

LONDON (Reuters) - England's fast rollout of COVID-19 vaccines prevented over 10,000 deaths of people aged 60 and older by the end of March, according to an analysis by Public Health England. England experienced a peak in infections, hospitalisations and deaths in January, but the toll would have been even worse without the rapid vaccination programme that began on Dec. 8, according to the study. Over 15 million doses of vaccine were given to adults aged 60 and over in England by the end of March, preventing an estimated 10,400 deaths, mostly among those aged 80...

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S&P 500 Continues Record Run as Tech Reigns Supreme By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 closed at all-time highs for the second straight day Thursday, as big tech continued to ride the fall in bond yields after Federal Reserve Jerome Powell indicated that "unevenness" in the recovery will keep easy monetary policy on the Fed's menu for some time.     The S&P 500 rose 0.4%, to close at a record high of 4,097.16, the Dow Jones Industrial Average rose 0.17%, or 56 points, and the Nasdaq Composite was up 1.03%. Chairman Powell, appearing during a virtual IMF panel discussion on Thursday, laid out the...

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