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Friday, September 25, 2020
FTSE Russell was the last major holdout among bond-index compilers to add Chinese government bonds to its gauges. Photo: hector retamal/Agence France-Presse/Getty Images By Xie Yu
(RTTNews) - The Singapore stock market heads south again on Thursday, one day after it had halted the four-day losing streak in which it had stumbled more than 40 points or 1.7 percent. The Straits Times Index now sits just above the 2,450-point plateau although it figures to bounce higher again on Friday. The global forecast for the Asian markets is cautiously optimistic, with rising oil prices warring against rising pandemic numbers. The European markets were down and the U.S. markets were up and the Asian bourses are expected to follow the latter lead. The STI finished sharply lower on Thursday following losses from the financial shares, property stocks and industrial issues. For the day, the index sank 30.32 points or 1.22 percent to finish at 2,450.82 after trading between 2,448.00 and 2,474.54. Volume was 1.33 billion shares worth 1.21 billion Singapore dollars. There were 281 decliners and 135 gainers. Among the actives, SingTel plummeted 3.64 percent, while Singapore Press plunged 2.83 percent, Comfort DelGro tanked 2.74 percent, SembCorp Industries tumbled 2.22 percent, Singapore Airlines skidded 2.02 percent, City Developments retreated 1.91 percent, Genting Singapore declined 1.47 percent, Keppel Corp surrendered 1.44 percent, SATS sank 1.42 percent, Ascendas REIT dropped
SILVER SPRING, Md., Sept. 24, 2020 /PRNewswire/ -- The following quote is attributed to Frank Yiannas, Deputy Commissioner for Food Policy and Response: "The U.S. Food and Drug Administration has been working with the Centers for Disease Control and Prevention, state, local and international partners on an investigation of an outbreak of Salmonella Stanley infections likely linked to wood ear mushrooms imported by Wismettac Asian Foods, Inc., of Santa Fe Springs, California. "As part of this investigation, the California Department of Public Health collected a sample of wood ear mushrooms, imported by Wismettac Asian Foods, Inc., from one of the restaurants where ill patients reported eating and this sample was reported positive for the presence of Salmonella. "This sample is undergoing a genetic testing process known as whole genome sequencing to determine if the Salmonella present in the sample has the same genetic fingerprint as the outbreak strain; however, Wismettac Asian Foods acted quickly and recalled wood ear mushrooms within shelf life on Sept. 23, 2020. "Restaurants should not sell or serve recalled wood ear mushrooms distributed by Wismettac Asian Foods, Inc., labeled as Shirakiku brand Black Fungus (Kikurage). Restaurants should immediately discard any of the recalled product. "Wood ear mushrooms imported
Simon Dawson/ReutersMicrosoft announced in June plans to shut down nearly all of its retail locations and transition employees to customer service roles "providing sales, training, and support." Leaked presentations viewed by Business Insider show Microsoft has deployed some former retail workers to sell to small and medium businesses and education organizations, contributing to $61.7 million in revenue for the current quarter as of Sept. 20. Meanwhile, the company has identified sales to small and medium businesses as a weak spot amid the pandemic. Microsoft declined to comment on this story. Are you a Microsoft employee? Contact this reporter via the encrypted messaging app Signal (+1-425-344-8242) or email (astewart@businessinsider.com). Visit Business Insider's homepage for more stories. Microsoft has generated over $61.7 million in sales to small and medium businesses and educational organizations so far this quarter, not long after it began deploying former retail employees from its shut-down stores to sell to them, according to leaked slides from internal presentations viewed by Business Insider. Notably, Microsoft in its most recent earnings report identified sales to small and medium businesses as a weak spot amid the pandemic, particularly when it comes to the traditional, one-time purchase model of buying software. The company announced
Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), a pharmaceutical company dedicated to the development of innovative therapeutics to treat rare seizure disorders, today announced it has satisfied the FDA’s protocol-specific questions for the registrational Phase 3 trial (the RAISE trial) in refractory status epilepticus (RSE), allowing the company to begin enrollment in this clinical trial. In July, Marinus submitted a protocol amendment to the FDA for the RAISE trial for IV ganaxolone in RSE. Following a recent FDA discussion, Marinus currently anticipates the first patient will be enrolled in the RAISE trial in October. To date, Marinus has selected over 55 out of a projected 80 clinical sites to participate in the trial. The company continues to anticipate top-line data in 1H 2022. Marinus is also announcing the appointment of Henri Vaitkevicius, M.D., to the position of Vice President, Clinical Development, reporting to Joe Hulihan, M.D., Chief Medical Officer. During his time as a clinician at Massachusetts General Hospital, Harvard University Medical School, Dr. Vaitkevicius is credited as being the first physician to successfully treat a patient in super refractory status epilepticus with a neurosteroid. Dr. Vaitkevicius joins Igor Grachev, M.D., Ph.D. and Maciej Gasior, M.D., Ph.D. in expanding
SAN FRANCISCO, Sept. 24, 2020 (GLOBE NEWSWIRE) -- PandaDoc, the leading all-in-one document automation software, today announced that it has been recognized by TrustRadius with a 2020 Tech Cares Award. This award celebrates companies that have gone above and beyond to provide their communities, clients, and front line workers with support during the COVID-19 crisis. PandaDoc launched its Free eSign product in response to the pandemic to help businesses keep their doors open and deals coming in through the COVID-19 crisis. The forever free product allows companies to upload, send and collect signatures on an unlimited number of documents for an unlimited number of users. “When the pandemic hit, the sudden inability to operate an organization in person was devastating to businesses of all sizes, as well as government institutions, school districts, nonprofits, even hospitals. We felt called to help those who needed support, especially small businesses that were disproportionately affected by the shutdowns,” said Shawn Herring, VP of Marketing at PandaDoc. “Electronic signatures have always been an essential part of our all-in-one document management software and we knew they would be essential to help keep business doors open for many. We’re honored to accept this award that recognizes the work
Rockville, MD, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Abt Associates President and Chief Executive Officer Kathleen Flanagan today announced that Chief Human Resources Officer Lisa Simeon will take on an expanded leadership role with a promotion to Chief Operations Officer. “Over the last year and a half, Lisa has demonstrated her tremendous skill in taking our human resources, talent management, recruiting, and total rewards programs to a new level through operational excellence, improved systems, and exceptional change management,” said Flanagan.  In her new role, Simeon will establish a global operations function to cover all aspects of project management. It will include continuous improvement and scalability of our standards, processes, and digital platforms for project start-up and closeout, workforce planning and capacity building, risk management, and quality review to achieve strong financial performance and ensure client satisfaction across One Global Abt.   She also will add responsibility for global security operations and emergency response to her portfolio. “By combining human resources, our ‘people platform,’ with project excellence and global security, we can better support project directors, maximize client satisfaction, and ultimately achieve greater mission impact,” Flanagan added. Simeon joined Abt in March, 2019 from Engility-SAIC, where she served as vice president of
PETERBOROUGH COUNTY, ON, Sept. 24, 2020 /CNW/ - The federal Throne Speech yesterday acknowledged the importance of broadband to Canada's economic recovery and for better access to critical services like health care. The Eastern Ontario Regional Network (EORN) is hopeful it will lead to immediate investment in broadband infrastructure. "Already, our region has lost more than 87,000 jobs and almost $5 billion in GDP due to the pandemic. With cases continuing to increase, the crisis is far from over," said Mayor Andy Letham, Chair of the Eastern Ontario Wardens' Caucus (EOWC). "Our long-term recovery will depend on investment in robust broadband that keeps pace with the demands of new technology." "If COVID-19 has done anything, it has created consensus across governments and political parties that rural broadband must be a top priority," said Warden J. Murray Jones, Chair of EORN. "We must turn that consensus into action. The second wave of the pandemic is just reinforcing how critical connectivity is for our lives, from school and health care to the very survival of many businesses." EORN has been seeking federal and provincial support to deliver ultra-fast, Gig-speed internet to homes and businesses in the region. The project is valued at up
Jack Dorsey, CEO and cofounder of Square, recently made a personal donation of $10 million to support anti-racist research at Boston University. Rolf Vennenbernd/picture alliance via Getty Images Square, the mobile payment company cofounded and led by Jack Dorsey, announced Thursday a $100 million investment to address racial inequality in the financial world. The company will commit $25 million to four areas including The Black Economic Development Fund, which funds Black-led financial institutions and businesses. The news follows Dorsey’s August donation of $10 million to Boston University's Center for Antiracist Research. Other companies like Mastercard, Citi, and Costco have recently pledged millions to address racial inequality in the US. Visit Business Insider's homepage for more stories. Financial services and mobile payment company Square announced on Thursday its plan to invest $100 million to address racial inequality. The company was cofounded by Twitter CEO Jack Dorsey, who serves as its CEO and chairman.  "Our support of black and minority owned financial institutions enables those institutions in turn to put funds into the hands of people in underserved communities - through loans, development projects and investments," Square's CFO, Amrita Ahuja told Business Insider.  "Economic empowerment has been Square's purpose from Day
Alain Jocard/AFP via Getty ImagesIn June, Google introduced a way for users to report counterfeit products online. But a consumer brand protection group says the tool is 'extremely problematic' as it demands brands report each product URL individually. That could lead to brands having to submit thousands of individual URLs, the company says. Now it's lobbying Google to change its policy. Visit Business Insider's homepage for more stories. From knock-off Rolex watches to fake pharmaceuticals, Google indexes many websites that sell counterfeit products. In June, the company finally began allowing users to request that sites hosting these fake goods be de-indexed from Google's search results – but Incopro, a brand-reputation consultancy, says Google's system is "extremely problematic" for brands. To report fake goods that appear in Google search results, a brand must fill out a form and submit a URL for the page hosting the counterfeit product. But brands can't submit an entire website for takedown, and therefore must send Google the URL of every individual counterfeit product. "It's like trying to mow a football pitch using a pair of scissors," said Mike Sweeney, director of service delivery and senior legal counsel at Incopro. "It just doesn't stack up for
(RTTNews) - Shares of The E.W. Scripps Company (SSP) are up more than 17% Thursday morning after the broadcasting company said it agreed to buy national broadcast network ION Media for $2.65 billion. Berkshire Hathaway plans to make $600 million preferred equity investment in E.W. Scripps to finance the acquisition of ION. Berkshire Hathaway will also get a warrant to purchase up to 23.1 million Class A shares, at $13 per share. E.W. Scripps plans to combine ION Media, which reaches more than 100 million homes through over-the-air and pay TV platforms, with Scripps' Katz networks and Newsy to create a full-scale national television networks business. This highly accretive acquisition will yield $500 million in synergies, most of which are contractually based, over the next six years, the company said. E.W. Scripps is currently trading at $12.35. It has traded in the range of $5.36- $16.93 in the last one year.