To find out whether those that it owes money to will throw them a lifeline or claw the money back at any cost. Steinhoff may not be a household name to you. Let me give you a bit of background. Its origins are in the furniture business in germany in the 60s. But its now a global giant, with brands across europe and the us. Alarm bells were ringing last week when it failed to publish its financial results. What we did learn is that its grappling with a seven billion dollar hole in its finances. Little wonder that the regulators are now taking a look. The value of shares is down 80 since the news broke, as investors stampeded for the exit. The scandal has claimed the scalps of both the chairman and the chief executive. Those that gave the Company Money to help it expand are now exposed lerato mbele has been following the story from johannesburg. Lerato, this is a huge corporate scandal, lots of people are saying this is perhaps the biggest thing we have seen on thejohannesburg stock exch
S big idea this year was they have gone from a flatpanel and a hyperrflat superflat. 2. 5 inches. Im Walking Around the show and here is sony and lg and samsung. Brand after brand after brand. Im going, samsung probably has and sony haseers 200,000 engineers. Theres more than one million engineers that were all committed to working on this one big idea. Think of all that wasted horsepower. Engineer 100,000 turned to solve that problem, if inext 900,000 can take 1000 of them and put them on a bus and drive them to the closed Dicks Sporting Goods grab allenge them to Sporting Good product and innovating it, one would grab a fishing rod and another would grab a football helmet. That thinking was not driving through our industry. Technology was not in Sporting Good. It was the color or silhouette. What if we could apply that type concerned . In my when i hear Companies Like apple and samsung say things when the consumer wheres our product if its wearing, its us. Ill be darned if we are goi
Bank of japan refrain from extra stimulus. They say the countrys economy can maintain its pace of recovery even after an increase in the sales tax last week. U. K. Industrial conduction rose more than economists forecast in february on a surge in factory output indicating economic recovery of a sword. In britain, wage growth accelerated in the fastest pace in seven years. Economic data as well and earnings, of course, we have alcoa coming up after her the bell. I know scarlet is focused on jpmorgan. Lets do a data check. Economic weekend. Futures churn, 10year yield is important, moving to 2. 70. Crude is still elevated. Onto the next screen, little more substance. The vix shows the angst out above 1300. Old back the yen, a little bit of a risk off field to the tape overnight. Here is a what they are looking at in ukraine. Ukrainethe currency of back 20 years. Lousy, week. Imf into the meetings this weekend or as another bout of weakness in ukraine. That is the tension of the ukrainian
Diversified Healthcare Trust today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.
Monthly Unaudited Results in DHC’s Total SHOP.