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Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. The internet is rife with fake reviews. Will AI make it worse? Researchers and watchdog groups say the emergence of generative artificial intelligence tools that allow people to efficiently produce detailed and novel online reviews has put merchants, service providers and consumers in uncharted territory. Phony reviews have long plagued many popular consumer websites, such as Amazon and Yelp. But AI-infused text generation tools enable fraudsters to produce reviews faster and in greater volume, according to tech industry experts. The deceptive practice is illegal in the U.S. and becomes a bigger problem for consumers during the holiday shopping season, when many people rely on reviews to buy gifts. A tech company and watchdog group that uses software to detect fake reviews says AI-generated reviews have multiplied. Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil BUCHAREST, Romania (AP) — Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move on Monday could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election. Parliament approved the new administration in a 240-143 vote in the 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party, the center-right National Liberal Party, the small ethnic Hungarian UDMR party and national minorities. President Klaus Iohannis swore in the new government on Monday night. Government regulators close investigation into Ford Focus recalls Government safety regulators are closing an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns. Ford recalled around 1.5 million Ford Focus sedans from the 2012-2018 model years in 2018 because they could lose power. The issue was a malfunctioning canister purge valve and software that didn’t adequately detect when it was stuck open. Ford fixed the software in two separate recalls, but after cars continued to stall, the government opened an inquiry last year. Earlier this fall, Ford offered to replace the canister purge valve on all of the vehicles, satisfying regulators' concerns. AI will eavesdrop on world's wildest places to track and help protect endangered wildlife PUERTO JIMÉNEZ, Costa Rica (AP) — A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them. But she had to go back to collect the data and feed those sounds into artificial intelligence systems that can recognize monkey calls. Now tech giant Microsoft's philanthropic arm is hoping to supercharge AI-assisted wildlife research with new solar-powered devices that can capture sounds, images and other wilderness data for a year or more without human intervention. Researchers say more AI wildlife surveillance is urgently needed to monitor the health of species at risk of extinction.Victor Wembanyama went to a park in New York City and played 1-on-1 with fans on Saturday. He even lost a couple of games. Not in basketball, though. Wemby was playing chess. And this wasn't on a whim: He knows how to play and even brought his own chess set. Before the San Antonio Spurs left New York for a flight to Minnesota, Wembanyama put out the call on social media: “Who wants to meet me at the SW corner of Washington Square park to play chess? Im there,” Wembanyama wrote. It was 9:36 a.m. People began showing up almost immediately. Washington Square Park is a known spot for chess in New York — Bobby Fischer among others have famously played there, and it's been used for multiple movie scenes featuring the game. Wembanyama was there for an hour in the rain, from about 10-11 a.m. He played four games, winning two and losing two — he told Bleacher Report afterward that both of the losses were to professional chess players — before departing to catch the Spurs' flight. Wembanyama had been trying to get somewhere to play chess for the bulk of the team's time in New York — the Spurs played the Knicks on Christmas and won at Brooklyn on Friday night. The schedule never aligned, until Saturday morning. And even with bad weather, he bundled up to make it happen. He posed for photos with a couple of dozen people who showed up, braving a morning of cold rain to play chess with one of the NBA's biggest stars. “We need an NBA players only Chess tournament, proceeds go to the charity of choice of the winner,” he wrote on social media after his chess trip was over. Wembanyama is averaging 25.2 points and 10.1 rebounds this season, his second in the NBA after winning rookie of the year last season. The Spurs play at Minnesota on Sunday. AP NBA: https://apnews.com/hub/NBA
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Top 10 Best Zero-Waste Startups in India 2025 | Pioneers in SustainabilityAdorable Peanuts Décor for a Holly Jolly Holiday DALLAS , Nov. 26, 2024 /PRNewswire/ -- Spread cheer with Gemmy's charming Peanuts ® Christmas decorations, available at Lowe's. Life-Size Animated Snoopy For tons of festive fun, include the Life-Size Animated Snoopy in your setup. Dressed in a Santa suit, the fuzzy 3.6-ft Snoopy holds an antler-wearing Woodstock and dances to the iconic "Linus and Lucy" tune. Airblown ® Inflatables Make merry moments with Peanuts Airblown ® Inflatables: Yard Décor Enhance your display with adorable Snoopy yard decorations, including a Doghouse Tinsel Sculpture and Blow Mold ! Shop Gemmy's Peanuts collection at Lowe's. About Gemmy Industries Gemmy Industries is a leader in the seasonal décor market, bringing festive fun and holiday cheer to homes everywhere. Dedicated to innovation and creative design, Gemmy has elevated industry standards and established recognizable brands like Airblown ® Inflatable and LightShow ® Lighting. For more information on products and retailers, visit www.gemmy.com . Connect with us on Instagram and Facebook . About Peanuts The characters of Peanuts and related intellectual property are owned by Peanuts Worldwide, which is 41% owned by WildBrain Ltd., 39% owned by Sony Music Entertainment ( Japan ) Inc., and 20% owned by the family of Charles M. Schulz , who first introduced the world to Peanuts in 1950, when the comic strip debuted in seven newspapers. Since then, Charlie Brown , Snoopy and the rest of the Peanuts gang have made an indelible mark on popular culture. In addition to enjoying beloved Peanuts shows and specials on Apple TV+, fans of all ages celebrate the Peanuts brand worldwide through thousands of consumer products, as well as amusement park attractions, cultural events, social media, and comic strips available in all formats, from traditional to digital. In 2018, Peanuts partnered with NASA on a multi-year Space Act Agreement designed to inspire a passion for space exploration and STEM among the next generation of students. View original content to download multimedia: https://www.prnewswire.com/news-releases/celebrate-the-season-with-snoopy-decorations-at-lowes-302316922.html SOURCE Gemmy Industries
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Bitcoin shot past $100,000 for the first time on Thursday, taking the limelight away from stock markets that wavered as investors tracked political crises in France and South Korea. Oil prices fell modestly despite a move by the OPEC cartel and its allies to extend their supply cuts amid concerns about oversupply.
They had one of the luckiest wins earlier in the season — on Sunday, the opposite happenedElastic ( NYSE:ESTC – Get Free Report ) had its price target raised by equities research analysts at Truist Financial from $105.00 to $135.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 24.97% from the company’s current price. A number of other research analysts also recently commented on ESTC. JPMorgan Chase & Co. lifted their price objective on shares of Elastic from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup lifted their price target on Elastic from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Canaccord Genuity Group upped their price objective on Elastic from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer boosted their target price on Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday. Finally, William Blair raised Elastic from a “market perform” rating to an “outperform” rating in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.00. View Our Latest Analysis on Elastic Elastic Price Performance Elastic ( NYSE:ESTC – Get Free Report ) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Elastic had a negative return on equity of 13.54% and a net margin of 4.39%. The firm had revenue of $347.42 million during the quarter, compared to the consensus estimate of $344.67 million. During the same period last year, the company earned ($0.35) earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts predict that Elastic will post -0.92 earnings per share for the current fiscal year. Insiders Place Their Bets In other Elastic news, insider Carolyn Herzog sold 4,489 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $315,352.25. Following the sale, the insider now directly owns 102,959 shares in the company, valued at $7,232,869.75. This represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, Director Paul R. Auvil III purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $74.25 per share, with a total value of $1,485,000.00. Following the acquisition, the director now owns 22,627 shares in the company, valued at $1,680,054.75. This trade represents a 761.32 % increase in their position. The disclosure for this purchase can be found here . Insiders have sold a total of 37,406 shares of company stock worth $2,627,772 in the last 90 days. Company insiders own 15.90% of the company’s stock. Institutional Investors Weigh In On Elastic A number of large investors have recently modified their holdings of ESTC. Advisors Asset Management Inc. lifted its position in shares of Elastic by 12.7% during the 1st quarter. Advisors Asset Management Inc. now owns 1,053 shares of the company’s stock worth $106,000 after buying an additional 119 shares during the last quarter. Signaturefd LLC raised its stake in Elastic by 44.1% during the second quarter. Signaturefd LLC now owns 389 shares of the company’s stock worth $44,000 after acquiring an additional 119 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Elastic by 3.1% in the third quarter. M&T Bank Corp now owns 4,652 shares of the company’s stock worth $357,000 after acquiring an additional 139 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Elastic by 7.0% in the 3rd quarter. QRG Capital Management Inc. now owns 3,063 shares of the company’s stock valued at $235,000 after purchasing an additional 201 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Elastic by 3.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,810 shares of the company’s stock valued at $523,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock. About Elastic ( Get Free Report ) Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. Further Reading Five stocks we like better than Elastic 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Vertiv’s Cool Tech Makes Its Stock Red-Hot 3 Monster Growth Stocks to Buy Now MarketBeat Week in Review – 11/18 – 11/22 Best Aerospace Stocks Investing 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter .
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November 26, 2024 marks the 75th Constitution Day. The day when the Constituent Assembly, a body representing the then provinces and princely States, concluded its discussions held over a period of two years, 11 months, and 17 days to finalise the foundational document based on which the country had to be governed and adopted the Constitution on November 26, 1949. Though India attained Independence only on August 15, 1947, this Assembly came into being in 1946 itself, following the steps taken by the British to work out the modalities for transfer of power. It met for the first time on December 9, 1946, when Sachidananda Sinha, the oldest parliamentarian in the country who had served as a member of the Imperial Legislative Council between 1910 and 1920, took charge as the temporary chairman. Preliminary business The preliminary business before the Assembly was to elect a permanent president, frame its rules of business, and appoint committees for performance of tasks such as discussing issues of fundamental rights, those related to the Scheduled Castes, and so on. The very next day, the Assembly finalised the procedure for filing nominations and on December 11, 1946, Dr. Rajendra Prasad was elected its president. On the same day, a 15-member Rules Committee was also constituted for framing the rules of business. The Muslim League, led by Muhammad Ali Jinnah, abstained from the debates. Deploring it, Sarvepalli Radhakrishnan said on December 11, 1946: “We take it that it will only be temporary, for their cooperation is absolutely essential for the success of any Constitution which we may lay down.” On December 13, 1946, Jawaharlal Nehru moved a historic resolution which served as a blueprint for the drafting of the Constitution and became a part of its preamble too. The resolution read: “This Constituent Assembly declares its firm and solemn resolve to proclaim India as an Independent Sovereign Republic and to draw up for her future governance a Constitution.” The resolution, with eight clauses, invited all territories of British India and those outside of it to be a part of the independent sovereign country and guaranteed to all people justice — social, economic and political; equality of status, of opportunity and of freedom of thought, expression, belief, faith, worship, vocation, and association, subject to law and public morality. Amendments caused discussions The number of amendments proposed led to lengthy discussions. Srikrishna Sinha from Bihar said: “In my opinion, it is really unfortunate that a resolution of such a sacred nature should be subjected to amendments. I purposely call it sacred.” He went on to state: “Sir, the resolution, if carefully analysed, comes to this. It gives a picture of the vision of future India. That India of the future is to be a democratic and decentralised Republic, in which the ultimate sovereignty is to lie with the people and in which fundamental rights are to be safeguarded to minorities inhabiting this land.” Syama Prasad Mookerjee from Bengal said: “The resolution has an importance of its own... I hope, Sir, as we are not framing a Constitution now, as we are only laying down a general outline of the things that we want to do in the future, the House will refuse to listen to narrow technicalities.” The discussions on the resolution could not be wound up before the first session ended on December 23, 1946, because more than 50 members insisted on expressing their views. Though the president suggested conduct of the proceedings during Christmas holidays and even on Sundays, a majority of the members did not agree owing to their preoccupation. The second session was held between January 20 and 25, 1947, when Dr. Prasad took exception to comments made in the British Parliament by Winston Churchill and others on the Constituent Assembly not being representative of all communities. Dr. Prasad said: “Out of a total of 926 members who were to take part in the preliminary session, 210 members attended. These 210 members consisted of 155 Hindus out of a total of 160, 30 Scheduled Caste representatives out of a total of 33, all the five Sikhs, five Indian Christians out of a total of seven, all the five representatives of Backward Tribes, all three Anglo-Indians, all three Parsis, and four Muslims out of 80.” Every community represented He went on to state: “The significant absence is of course that of the representatives of the Muslim League — an absence which we all deeply regret. But it is clear from the figures I have quoted that, with the exception of representatives of the Muslim League, every community in India, whatever the party affiliation of the persons representing that community, was represented in the Assembly; and, therefore, to describe the Assembly as representing ‘Only one major community in India’ or as ‘a body of Hindus’ or as a ‘meeting of Caste Hindus’ is a complete travesty of facts.” Thereafter, the Assembly continued its discussions on the resolution moved by Nehru. Speaking in favour of it, S. Nagappa from Madras said: “This is a resolution, Sir, that gives wide scope for all the communities and classes of this country... I must say, Sir, that equal opportunity means, one day or other, even a Harijan should be the Premier of India.” The resolution was passed on January 23, 1947, with some of the members withdrawing their proposed amendments. Then, Nehru replied: “The first task of this Assembly is to free India through a new Constitution to feed the starving people and clothe the naked masses and to give every Indian fullest opportunity to develop himself according to his capacity. This is certainly a great task.” When the third session took place between April 28 and May 2, 1947, Dr. Prasad told the Assembly that the British government had declared its intention to transfer power to Indians by June 1948. Therefore, he urged the Assembly to proceed with expedition to finalise the Constitution. The fourth session was held between July 14 and July 31, 1947. In the meantime, the British government announced the partition of India on June 3, 1947, and it led to certain changes in the membership of the Assembly. Drafting panel formed The fifth session began on the intervening night between August 14 and 15, 1947, when Nehru delivered his famous ‘Tryst with destiny’ speech. On August 29, 1947, the Assembly set up a seven-member drafting committee comprising Alladi Krishnaswami Ayyar, N. Gopalaswami Ayyangar, B.R. Ambedkar, K.M. Munshi, Saiyid Mohamed Saadulla, B.L. Mitter, and D.P. Khaitan. The committee, in turn, elected Dr. Ambedkar as its chairman. Then, B.N. Rau, the Constitutional Adviser to the Assembly, prepared a rough draft of the Constitution for the consideration of the drafting committee. The basic draft consisted of 243 Articles and 13 schedules. However, after it was discussed at length, the first draft consisted of 315 Articles and eight schedules. At the end of the consideration stage, the number of Articles increased to 386 and in its final form, the draft Constitution contained 395 Articles and 8 Schedules. As many as 7,635 amendments to the draft were tabled and 2,473 of them were moved. As for the charge that the Assembly had wasted public money by taking a very long time to finalise the Constitution, Dr. Ambedkar highlighted the time taken by other nations. He said Canada took two years and five months and Australia consumed nine years. “The Constitutions of America, Canada, South Africa and Australia are much smaller than ours. Our Constitution, as I said, contains 395 Articles, while the American has just seven articles, the first four of which are divided into sections which total up to 21, the Canadian has 147, the Australian 128, and the South African 153 sections.” Speaking on November 25, 1949, he said: “The second thing to be remembered is that the makers of the Constitutions of America, Canada, Australia and South Africa did not have to face the problem of amendments. They were passed as moved. On the other hand, this Constituent Assembly had to deal with as many as 2,473 amendments. Having regard to these facts, the charge of dilatoriness seems to me quite unfounded.” Throwing light on the tremendous work done, Dr. Prasad said: “If you consider the population with which this Assembly has had to deal, you will find that it is more than the population of the whole of Europe minus Russia, being 319 millions as against 317 million. The countries of Europe have never been able to join together or coalesce even in a Confederacy, much less under one unitary Government. Here, in spite of the size of the population and the country, we have succeeded in framing a Constitution which covers the whole of it.” Answering the charge that the Assembly had wasted public money, Dr. Prasad said: “The cost too which the Assembly has had to incur during its three years’ existence is not too high when you take into consideration the factors gone into constituting it. I understand that the expenses up to November 22, 1949 come to ₹63,96,729.” After a threadbare discussion of every sentence, word and punctuation in the 395 Articles, the Assembly adopted the Constitution on November 26, 1949, and it came into force on January 26, 1950, with the goosebump-inducing preamble that begins with the words: “We, the people of India...” Published - November 24, 2024 10:43 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp RedditOver the weekend ESPN college football analyst Kirk Herbstreit unloaded on the College Football Playoff committee for thinking Indiana was one of the 12 best teams in the country. "I hope next year the committee won't get caught up in what the social media and a lot of people who are fringe fans get caught up in, which is wins," Herbstreit said on SportsCenter after the game. "'They had 11 wins, they must be good.' Who did they beat I think is much more important than how many wins you had." 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