Tag Archive : nears

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(Reuters) – U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.

An agreement could be announced as soon as Wednesday, the sources said, cautioning that talks could still falter. E2open is owned by private equity firm Insight Partners.

The sources requested anonymity because the matter is confidential. CC Neuberger declined to comment. E2open and Insight Partners did not immediately respond to requests for comment.

CC Neuberger I shares rose as much as 10.7% on the news but pared gains to close 3.2% higher at $10.53.

CC Neuberger I is a special purpose acquisition (SPAC), or shell, company that uses proceeds from an initial public offering to acquire a private company, which then becomes public

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5g-phone-6016

Angela Lang/CNET

The next big milestone for 5G in the US is set to arrive tomorrow when Apple announces its rumored first 5G iPhones. The announcement, while still just a rumor, seems even more likely than ever given Apple teased its event with an invite that read “Hi, Speed.” 

But when it comes to 5G in the US, the situation is still not perfectly clear. Over the last few weeks, CNET has been looking at how Verizon, T-Mobile and AT&T’s various 5G networks are performing in several states and cities across the country. While this testing is still ongoing, despite the fact that we’re well over a year into the new 5G era, performance on all three major US carriers is still very much a work in progress with experiences that could vary greatly based on where you live. 

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Japan Stocks Look to Cap Fourth Weekly Gain After Rate Decisions

Photographer: Kiyoshi Ota/Bloomberg

An expected surge in election-related volatility in the U.S. stock market is paving the way for Asian shares to make a run at besting their American peers.

Since hitting an all-time low relative to the S&P 500 on Sept. 2, the MSCI Asia Pacific Index has outperformed the U.S. benchmark by almost five percentage points. That nascent trend is expected to persist at least through the November poll and potentially beyond, according to strategists.

Asia-Pacific stocks languishing close to record relative low vs U.S.

“There is a better than average chance that Asian stocks will outperform U.S. stocks over the course of the next month,” said Eoin Murray, head of investment for international business at Federated Hermes. “The volatility rise will be more pronounced in U.S. risk assets, and will pervade more globally but with less strength.”

Fears about a contested election result and President Donald Trump’s decision not to push for further stimulus

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Laurence Tosi

Photographer: Peter Foley/Bloomberg

Laurence Tosi, a former chief financial officer of both Airbnb Inc. and Blackstone Group Inc., is in the final stages of raising a $750 million fund to make wagers on marketplace-focused technology companies, according to people with knowledge of the matter.

Tosi’s investment firm, WestCap Investment Partners LLC, has received about $1.2 billion of investor interest and is slated to close the vehicle in mid-November, according to one of the people, who asked not to be identified because the talks are private. Investors in the new WestCap vehicle include sovereign wealth funds such as Caisse de depot et placement du Quebec, pension funds and ultra-high-net-worth individuals or entrepreneurs and their family offices, some of the people said.

A WestCap representative and Caisse spokesman Conrad Harrington declined to comment.

The firm traces its roots to Weston Capital, which Tosi formed in 1997 and which made

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  • Foxconn, Apple’s main iPhone assembler, has ramped up iPhone production at its factory in Zhengzhou, China ahead of the expected iPhone 12 launch next month.
  • The factory is working 24 hours per day, offering worker bonuses, and canceling holidays to focus on iPhone production, according to a report from the South China Morning Post.
  • Zhengzhou is often referred to “iPhone City” by locals because of the factory’s massive presence in the city.
  • Apple typically unveils its new iPhones in September, but the company is instead expected to reveal its latest lineup in October after facing delays because of the coronavirus pandemic. 
  • Visit Business Insider’s homepage for more stories.

Apple is reportedly ramping up production of the iPhone 12 ahead of its expected launch next month.

The factory in Zhengzhou, China, operated by Foxconn, Apple’s main iPhone assembler, is working 24 hours per day and implementing measures such as offering worker

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Published

HARRISBURG, Pa. (AP) — Pennsylvania is getting ready to launch its own website to sell Affordable Care Act-compliant policies that will replace the federally operated Healthcare.gov to enroll people for the 2021 insurance year, state officials said Tuesday.

It is named “Pennie” and lawmakers approved the idea last year in a bid to get more people into it, lower their insurance costs and save money for the state government.


Pennsylvanians can sign up for an account on the website after it goes live, scheduled for later this month. Starting Nov. 1 through Jan. 15, shoppers can look for and buy insurance plans on it.

People who have been buying policies in the Healthcare.gov marketplace will be notified that they must transition to Pennie. State officials say they will begin marketing it to raise public awareness.



Gov. Tom Wolf’s administration has said it

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