Category: Business News

Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News

Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.

If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.

Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a

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Pizza parlor closes, breakfast place opens, more in Lubbock business news

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Hello AJ readers!

This week, when one door closes, two more open – at least in Lubbock’s business community.

On March 19, the owners of 1000 Degrees Pizza on Indiana Avenue announced that the restaurant would close permanently. The business stated they would be open while supplies last, then close by the end of March. Once closed, there will be no 1000 Degrees Pizza in Lubbock.

Two businesses opened or will open their doors soon. Scooters Coffee, 8101 Indiana Ave., held

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Do I Need an Emergency List?

We frequently have questions related to the practical and financial panic after a death in the family when accounts, passwords, and assets are unknown. Sometimes, a family knows an estate plan was done but they cannot find the plan and don’t even know the law firm that drafted the plan. An emergency list can help to avoid these issues.

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We often see people lose their spouse, and have no idea

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US New Home Sales Increase From Downwardly Revised Level In February

New home sales in the US increased from a significantly downwardly revised level in the month of February, according to a report released by the Commerce Department on Thursday.

The report said new home sales climbed by 1.1 percent to an annual rate of 640,000 in February after jumping by 1.8 percent to a downwardly revised rate of 633,000 in January.

Economists had expected new home sales to pull back to an annual rate of 645,000 from the 670,000 originally reported for the previous month.

The increase was partly due to strength in the West, where new home sales spiked

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Facebook parent company Meta slashes 10,000 jobs

Facebook parent Meta is slashing another 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard.

The company announced 11,000 job cuts in November, about 13 per cent of its workforce at the time. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions.

The company, based in Menlo Park, Calif., said Tuesday it would reduce the size of its recruiting team and make further cuts in its tech groups in late

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Breaking: New Self-Disclosure Policy – Rickard & Associates

The Department of Justice (“DOJ”) announced a new Voluntary Self-Disclosure Policy to be used by US Attorney Offices throughout the country.

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The new policy helps to encourage early and voluntary self-disclosure of corporate criminal misconduct. It reinforces the importance of having an effective compliance plan that identifies misconduct.

To be a voluntary self-disclosure, the disclosure must be voluntary, timely and must contain all relevant facts of misconduct.

If the

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New York Community Bank to buy failed Signature Bank – Business News

Failed bank purchases

The Canadian Press – | Stories: 416923

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp.

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First Republic shares surge as Yellen pledges support for US banks [Video]

Regional bank stocks rebounded Tuesday as Treasury Secretary Janet Yellen pledged further assistance to depositors if needed and a second attempted rescue of troubled San Francisco lender First Republic (FRC) took shape.

First Republic was up 43% this morning as of 10:50 am ET, just one day after plummeting 47% to its lowest-ever closing price. The March 10 failure of Silicon Valley Bank put First Republic under tremendous investor pressure, and an infusion last week of $30 billion in deposits from 11 other banks didn’t stop the slide.

One of those 11 banks, JPMorgan Chase (JPM), is now providing advice

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