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  • UPDATE 1-British retailer JD Sports to buy US rival Hibbett for $1.08 billion

    JD Sports Fashion has proposed to buy American athletic-fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as the British sportswear retailer expands across the southeastern U.S. JD Sports, Britain's largest sportswear retailer, will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price. The Bury, Greater Manchester-based company said it expects to fund the deal and refinance Hibbett's existing debt through its existing U.S. cash resources of $300 million and a $1 billion extension to its existing bank facilities.

  • NBA Twitter reacts to Jamal Murray’s buzzer beater in Game 2 vs. Lakers: ‘I give up’

    Here's how NBA Twitter reacted to Jamal Murray's game-winner against the Lakers.

  • Man dead after stabbing at gas station, fiancé reacts

    ABC 10News spoke with the fiancé of the man who was stabbed and killed during an altercation at a gas station in University Avenue.

  • Expedia Group (EXPE) Declined 9.3% Giving Back its Gains

    Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and […]

  • North Korea hacking teams hack South Korea defence contractors - police

    Major North Korean hacking groups have mounted "all-out" cyber attacks against South Korean defence companies for more than a year, breaching the firms' internal networks and stealing technical data, South Korea's police said on Tuesday. Hacking teams linked to North Korea's intelligence apparatus and known as Lazarus, Kimsuky and Andariel planted malicious codes in data systems of the defence companies either directly or through contractors working with them, the police said. The police, working with a team of national spy agency and private sector experts, traced the hacks to the groups, identifying them by the source IP addresses, the re-routing architecture of the signals and the signatures of the malwares used, it said.

  • Beau Lamarre’s lawyer flags mental health defence to murder charges

    Outside court in Sydney, John Walford says he is ‘not sure’ how his client will plead to alleged murders of Jesse Baird and Luke Davies

  • Kim Jong-un leads North Korea rocket drills that 'simulate nuclear counterattack'

    Report comes a day after South Korean and Japanese militaries detected North firing suspected multiple short-range ballistic missiles

  • Rwanda Bill LIVE: Parliament showdown begins as Rishi Sunak says first flights to leave in 10 to 12 weeks

    MPs have begun debating the Lords’ amendments and the parliamentary back-and-forth is set to go on late into evening

  • Russia warns Europe: if you take our assets, we have a response that will hurt

    An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.

  • Harry Kewell’s redemption arc nears completion in Asian Champions League

    Memories of an underwhelming start to his managerial career are fading as the Australian targets a continental final with Yokohama

  • London deli that counts Harry Styles and Paul McCartney as customers warns Brexit rules hitting business

    Panzer's delicatessen in St John’s Wood has lost 37 suppliers from the European Union since Britain left the single market in 2021

  • UK Parliament approves controversial Rwanda deportation bill

    Controversial UK government plans for deporting asylum seekers to Rwanda cleared their final hurdle on Monday, after a marathon tussle between the upper and lower chambers of parliament lasting late into the night. British Prime Minister Rishi Sunak says deportation flights would begin in July. Prime Minister Rishi Sunak and his ruling Conservatives have been seeking to push through legislation that will compel judges to regard the east African nation as a safe third country.They also want to gi

  • Primark owner AB Foods expects 'significant growth' in full-year profit

    LONDON (Reuters) -Primark owner Associated British Foods on Tuesday forecast "significant growth" in full-year profit as it reported a 39% jump in the first half, partly driven by margin recovery at its clothing chain. The group, which also owns major sugar, grocery, agriculture and ingredients businesses, said adjusted operating profit, its key profit measure, was 951 million pounds ($1.17 billion) in the six months to March 2, on revenue up 2% to 9.73 billion pounds. "The group has delivered a strong first half performance and is on track to deliver significant growth in both profitability and cash generation ahead of expectations at the start of this financial year," it said.

  • Tensions between Beijing and Washington are the biggest worry for US companies in China, report says

    TOKYO — Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. The survey of U.S. companies said inconsistent and unclear policies and enforcement, rising labor costs and data security issues were other top concerns. It also said that, despite the insistence of Chinese leaders that Beijing welcomes foreign businesses, many still are hindered from free co

  • Amazon ends Prime Air drone deliveries in Northern California

    Online retail giant Amazon announced it intends to shut down the drone delivery program in the only California area participating, according to a news release from the company.

  • Supreme Court hears arguments on homeless encampment bans

    Fred Persaud slept in front of the Serving Seniors building in downtown San Diego for about a year. His time on the street was anything but easy.

  • British retailer JD Sports to buy US rival Hibbett for $1.08 billion

    JD Sports, Britain's largest sportswear retailer, will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price. The Bury, Greater Manchester-based company said it expects to fund the deal and refinance Hibbett's existing debt through its existing U.S. cash resources of $300 million and a $1 billion extension to its existing bank facilities. The enlarged group would have combined revenues of about 4.7 billion pounds ($5.80 billion) in North America, JD Sports said, adding that the region's contribution to total sales would increase to about 40% from the current 32%.

  • 3 High Insider Ownership Growth Companies With Earnings Expansion Up To 132%

    Following a period of losses, U.S. stocks showed resilience with the S&P 500 closing higher on Monday, as investors shift their focus to upcoming earnings reports from major companies. This renewed interest in corporate performance highlights the importance of understanding factors like insider ownership and earnings growth potential in selecting stocks during uncertain economic times.

  • eMedia Holdings (JSE:EMH) shareholders have endured a 9.2% loss from investing in the stock a year ago

    It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...

  • Japan may intervene to support yen any time, says senior ruling party official

    Japanese authorities could intervene in the currency market any time as recent yen declines are excessive and out of line with fundamentals, ruling party executive Satsuki Katayama told Reuters. The dollar/yen has risen to near 155 from around 140 at the outset of this year, which can be described as excessive volatility, said Katayama, who is acting chairperson of the Liberal Democratic Party's (LDP) policy research council. "I don't think Japan will face any criticism if it were to act now," Katayama said in an interview on Monday, when asked about the timing of a possible currency intervention by Japanese authorities to prop up the yen.