Tuesday, 13 Apr 2021

Ford Cuts Production In Six Plants Due To Chip Shortage

Tetra Tech Acquires IBRA-RMAC Automation Systems

High-end consulting and engineering services company Tetra Tech, Inc. (TTEK) Thursday announced the acquisition of water systems instrumentation and digital transformation consulting services provider IBRA-RMAC Automation Systems Inc. The financial terms of the deal are not disclosed.

Tetra Tech said the addition of San Diego, California based IBRA-RMAC Automation enables will further expand its digital water consulting capabilities with state-of-the-art instrumentation, digital automation, and advanced data analytics services for customers

Stock Alert: Willis Towers Watson Shares Hit 52-Week High

Shares of Willis Towers Watson Public Ltd. Co. (WLTW) reached a 52-week high of $240.33 Thursday morning, and are currently trading at $239.18, up $1.34 or 0.56%, with trading volume of 263K more versus an average volume of 968K shares.

The company is due to release its Q1 financial results on Thursday April 29, 2021 before the market opens. Wall Street analysts estimate earnings of $3.27 per share on revenue of $2.5 billion for the quarter.

PAR Technology Corp. Acquires Punchh Inc. – Quick Facts

PAR Technology Corporation (PAR) has acquired Punchh Inc. for approximately $500 million paid in cash and shares of PAR common stock to Punchh stockholders. Punchh is a loyalty and engagement solution for restaurant, retail, and convenience store brands. PAR said the acquisition makes it a unified commerce cloud platform for enterprise restaurants.

PAR financed the cash consideration of the purchase price through a combination of equity and debt, including proceeds from the sale of $160 million of PAR common stock to PAR Act III, LLC and to funds and accounts advised by T. Rowe Price Associates, Inc. and a $180 million senior secured term loan under a credit agreement, with Owl Rock First Lien Master Fund, L.P., as administrative and collateral agent.

One of UK's richest men found stabbed to death in country mansion

Rockies Insider: Nolan Arenado off to blazing start in first full week with Cardinals

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US slaps sanctions on Myanmar state gem company

WASHINGTON (AFP) – The United States on Thursday (April 8) slapped sanctions on Myanmar’s state gem company, vowing to deprive the military junta of a key moneymaker as it violently suppresses democracy protests.

The Treasury Department said it would block all assets and ban any transactions with the Myanmar Gems Enterprise, which manages the mining and marketing of the country’s jade and other gemstones.

This story is developing.

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Kevin Durant perfect in return to Nets after long injury layoff

It might take awhile for the Brooklyn Nets to play with their full roster, but at least they got their star of stars back on Wednesday. And it was almost as if he had never left.

Kevin Durant was perfect in his return to the lineup after missing 23 consecutive games with a hamstring strain. He shot 5-for-5 for the field, finishing with 17 points, seven rebounds, and five assists in the Nets' 139-111 win over the New Orleans Pelicans.

Durant had not played since Feb. 13 because of a strained left hamstring. He came off the bench and played 19 minutes.

“I expected to come out here and play the way I played,” Durant said. “I wasn’t trying to ease into the game. I just wanted to go out there and dive right into the action. The game was fast-paced already, so watching it from the bench I knew exactly how I needed to approach it. But it was pretty cool coming off the bench, I can't lie.”

Why cars in Tunisia cost twice as much as they do in the US

  • Cars in Tunisia sell for twice their US car market value due to taxes. 
  • The tiny Tunisian car company Wallyscar is trying to help by making affordable Jeep knockoffs.
  • But prices are still too high for Tunisians, who only make about $400 a month.
  • See more stories on Insider’s business page.

For Bonds, Add Safety by Venturing Abroad

Investors often neglect to add international bond funds to their investments. That failure can increase overall risk and raise the chance of missing savings goals.

By Tim Gray

Satanist who 'strangled' infamous strangler serial killer won't be executed

Ford Cuts Production In Six Plants Due To Chip Shortage

Ford Motor Co. (F) has announced cuts to production at six of its manufacturing plants in North America, as the automotive industry faces shortage in semiconductor chips.

The impacted plants are in Illinois, Ohio, Kentucky, Michigan, Missouri and Ontario, Canada. These plants manufacture several vehicles, including F-150 pickups, Ford Explorer SUV and Ford Escape crossover.

The company’s production changes include overtime shift cancellations, as well as temporary production halts for up to three weeks from April through June.

Ford’s production at its truck plant in Dearborn, Michigan, will be down for two weeks in April, and truck production at its Kansas City plant will halt for one week.

Ford previously said it expected the shortage could negatively impact its earnings by $1 billion to $2.5 billion in 2021. The company said it “will provide an update on the financial impact of the semiconductor shortage” when it reports its first quarter earnings on April 28.

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