Sailing-Winds of change for America's Cup in Bermuda Triangle
HAMILTON, Bermuda, June 24 Mystery surrounds what next for the America's Cup if New Zealand win sailing's most prestigious prize in Bermuda next week.
May 24 Activist investor Daniel Loeb's Third Point LLC weighed in on the DowDuPont merger, suggesting the companies could create $20 billion of additional value by "optimizing" their plan to combine and then split into three companies.
The $130-billion merger between Dow Chemical and DuPont is expected to close in August after which the combined company will split into three independent publicly traded companies, with the first spinoff being called "Material Science Co".
In a presentation posted on its website, Third Point questioned whether the three spin-offs were "appropriate or if the creation of additional companies or divestitures would further enhance shareholder value." (bit.ly/2qgAXe3) (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila)
June 23 The U.S. Marine Corps said on Friday it resumed flight operations for Lockheed Martin Corp's F-35B fighter jets after temporarily suspended operations a day ago because of software problems.
June 23 The UPS employee who shot three coworkers to death last week inside a United Parcel Service facility in San Francisco before killing himself appears to have singled out his victims deliberately, but a motive remains unknown, police said on Friday.