Rabu, 08 Januari 2020

Carlos Ghosn will hold a press conference: Live updates - CNN

Carlos Ghosn wasted no time attacking the Japanese justice system after he fled the country last week, but he has remained tight-lipped about the circumstances behind his escape.

There has been plenty of speculation, and several media outlets have floated theories about how he left Japan. CNN Business has been unable to confirm details of the escape.

The governor of Istanbul, though, said last week that Turkish police had detained seven people in connection with an investigation into Ghosn's "illegal escape" from Japan. Anadolu news agency said that Ghosn traveled via the city's Ataturk airport.

Flight tracker Flightradar24 showed a private jet flying from Osaka, Japan, to Istanbul and then another continuing to Lebanon at the time Ghosn is said to have arrived in the country.

Then on Friday, the Turkish company MNG Jet, which charters private planes, said a rogue employee aided with Ghosn's escape. The company said that two of its jets were used "illegally" to transport Ghosn without the knowledge of company management, and added that it has filed a criminal complaint.

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2020-01-08 11:42:00Z
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Macy's closing another Massachusetts store - WCVB Boston

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  1. Macy's closing another Massachusetts store  WCVB Boston
  2. Macy's is reportedly closing more than two dozen stores. Is your location on the list?  USA TODAY
  3. Macy’s reportedly closing dozens of stores, including 1 in Massachusetts  Boston News, Weather, Sports | WHDH 7News
  4. Meriden Mall Anchor Store To Close  Meriden, CT Patch
  5. Macy's is closing at least 15 stores. Here's the full list  msnNOW
  6. View full coverage on Google News

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2020-01-08 11:18:00Z
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Ghosn lawyers blast Nissan before much-anticipated news conference - CNBC

Fugitive ex-Nissan chief Carlos Ghosn's lawyers opened fire on the car maker on Wednesday, hours before he was scheduled to hold a highly anticipated news conference, accusing it of using a "flawed, biased" internal probe to engineer his arrest.

The international legal team said in a statement that Nissan Motor was trying to prevent Ghosn from more closely integrating the Japanese company and its French alliance partner Renault SA, which he also formerly headed.

Ghosn's Japanese lawyers, meanwhile, despite their client having vanished from the country on Dec. 29, blocked Tokyo prosecutors from seizing a computer Ghosn had used.

The once-feted executive, who was awaiting trial in Tokyo on charges of financial misconduct and is now in Lebanon which has no extradition treaty with Japan, was allowed to use internet-only under his lawyers' supervision under his bail conditions.

Based on attorney-client privilege, "we refused to allow them access to the (local lawyers') office and asked them to leave", said an official with the Tokyo law firm.

Ghosn has said that he fled a "rigged" Japanese justice system after authorities delayed his trial into 2021.

His daring escape involved slipping away from his Tokyo residence, crossing Japan on a bullet train and being smuggled onto charter jets that delivered him from Osaka to his childhood home of Lebanon via Istanbul.

Ghosn is expected to hold a news conference in Beirut at 10 p.m. Japan time (1300 GMT). He has spoken in his defense in court and issued a video statement of his innocence since his initial arrest in November 2018, but has not spoken openly with reporters or otherwise publicly defended himself.

Ghosn has said he will fight to restore his reputation.

His international lawyers said Nissan "never once" tried to interview the executive or share with him evidence it had accumulated against him.

Turkish and Japanese authorities are investigating how Ghosn was smuggled out to Beirut. Interpol has issued a "red notice" seeking his arrest.

Japanese authorities on Monday issued an arrest warrant for Ghosn's wife, Carole, for alleged perjury in connection with her husband's financial dealings.

Carole told French newspaper Le Parisien that Japanese prosecutors were "hoping to put pressure on my husband" ahead of his press conference in Lebanon.

The statement from Ghosn's legal team seeks to focus attention on his claim that he was the victim of a coup by Nissan executives who opposed giving up more authority to Renault.

'Perversion of the truth'

Nissan said an internal investigation found that Ghosn had engaged in personal use of company money and had under-reported his income in violation of Japanese law.

Ghosn's lawyers said Nissan's claim of "a robust, thorough internal investigation" is a "gross perversion of the truth".

The investigation "was initiated and carried out for the specific, predetermined purpose of taking down Carlos Ghosn to prevent him from further integrating Nissan and Renault, which threatened the independence of Nissan", the lawyers wrote.

Ghosn has denied all charges against him, saying he was the victim of "backstabbing" and "conspiracy" by Nissan executives.

Ghosn's legal team also accused Nissan of allowing Hari Nada, an executive "whose own conduct was the subject of the investigation", to run the probe of Ghosn.

The statement also charged that Latham & Watkins, the law firm that assisted Nissan's investigation, was not independent because it has long acted as outside counsel for the company.

Ghosn's lawyers said Nissan's investigation failed to uncover evidence that then-CEO Hiroto Saikawa had also benefited from improper compensation.

Saikawa resigned last year after admitting he had been overpaid in violation of internal procedures.

Nissan said it had no further comment on its Tuesday statement.

In the past, the automaker has said it cannot comment on the specifics of the investigation since the company itself was also the subject of a criminal investigation.

Japan's ambassador to Lebanon, Takeshi Okubo, met Lebanese President Michel Aoun on Tuesday, calling Ghosn's flight to Lebanon "deeply regrettable" and requesting cooperation from Beirut, according to a Japanese foreign ministry statement.

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2020-01-08 10:37:00Z
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Colbert, Noah throw shade on Bolton's possible testimony - CNN

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.

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2020-01-08 09:16:46Z
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Iran attack: Crude oil prices rise after Iraq missile attacks - BBC News

Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles.

Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains.

So-called safe haven assets, like gold and the Japanese yen, also rose on the news.

At the same time global stock prices were sent lower on concerns over the growing conflict in the Middle East.

Japan's benchmark Nikkei 225 stock index fell by 1.3%, and Hang Seng in Hong Kong was down 0.8%.

Iranian state television said the attack was a retaliation for the killing of the country's top commander Qasem Soleimani.

The attack happened just hours after the funeral service for Soleimani, who was killed by a US drone strike on Friday.

His death had raised concerns that the conflict between the US and Iran could escalate further.

That could disrupt shipping in the world's busiest sea route for oil, the Strait of Hormuz. Around a fifth of global oil supply passes through the strait which connects the Gulf with the Arabian Sea.

The Strait of Hormuz is vital for the main oil exporters in the Gulf region - Saudi Arabia, Iraq, the UAE, and Kuwait - whose economies are built around oil and gas production. Iran also relies heavily on this route for its oil exports.

Qatar, the world's biggest producer of liquefied natural gas (LNG), exports nearly all its gas through the strait.

After the latest attacks, the US aviation regulator banned American airlines from flying over Iraq, Iran and neighbouring countries. The ban includes the Gulf of Oman and the waters between Iran and Saudi Arabia.

The Federal Aviation Administration (FAA) said the decision was in response to heightened military activity, and increased political tension in the region.

Before the latest guidance, the FAA had already prohibited US airlines from flying below 26,000 feet (7,925 metres) over Iraq and from flying over an area of Iranian airspace above the Gulf of Oman since Iran shot down an American drone in June 2019.

At the same time Singapore Airlines has said that all of its flights would now be diverted from Iranian airspace.

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2020-01-08 05:37:30Z
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Exclusive: Impossible Foods has stopped McDonald's burger talks, shares of Beyond Meat jump - Yahoo Finance

A banh mi sandwich made with a plant-based Impossible Pork patty at the Impossible Foods headquarters in Silicon Valley

By Richa Naidu and Hilary Russ

SAN FRANCISCO/NEW YORK (Reuters) - Impossible Foods is no longer trying to win a coveted deal to supply McDonald's Corp with plant-based burgers, telling Reuters it cannot produce enough of its imitation meat to partner with the world's No. 1 fast-food chain.

It is the latest twist in the battle of imitation-meat makers hoping to convince more restaurants to offer their patties. But it was unclear how far talks had progressed with McDonald's, which declined to comment on the discussions.

Shares of Impossible rival Beyond Meat surged on Tuesday, closing 12.5% higher, after Reuters reported that Impossible was no longer in talks with McDonald's.

The stock had risen earlier in the day on Impossible's unveiling of its plant-based pork products at the International Consumer Electronics Show in Las Vegas on Monday, spurring further optimism about the sector.

Referring to McDonald's, Impossible Foods CEO Pat Brown told Reuters in an interview that "it would be stupid for us to be vying for them right now ... Having more big customers right now doesn't do us any good until we scale up production."

Impossible Foods and its rivals are duking it out over partnerships with fast-food chains to cash in on the roughly $3,500 per person average that Americans spend each year on food away from home.

The privately held, Silicon Valley-based Impossible Foods teamed up with Burger King last year to launch its soy-based Impossible Whopper in the United States. Impossible Foods is now working to more than double production instead of trying to win a deal the size of McDonald's, Brown said.

"I wish we had vastly more capacity than we do right now because the demand is high," he said. Impossible Foods said it had previously met with McDonald's but declined to disclose details about when it decided it would be unable to support a potential deal.

In late September, McDonald's launched a 12-week test of a P.L.T. burger in Canada, using patties made by Beyond Meat. But McDonald's has yet to offer a plant-based burger as a regular feature on its menu at any of its roughly 14,000 U.S. outlets.

"The P.L.T. is a craveable plant-based burger with a patty recipe that is made by McDonald's, for McDonald's," the fast-food chain said in a statement. It declined to provide any specifics on the results of the Canada test.

Beyond Meat told Reuters that talks with McDonald's are going "very well" and that its new and upcoming facilities around the world are guaranteed to help it keep up with demand - not just in the United States, but globally.

"We would have to work with them (McDonald's) on timing but, yes, we would be able to meet their demand globally," Beyond Meat’s chief growth officer, Chuck Muth, said last month in an interview at the Los Angeles-based company's office.


CAPACITY ISSUES

Beyond Meat, which is valued at about $5 billion after its IPO in May, weathered supply issues in 2017 and 2018, when hamburger chain A&W Canada ran out of Beyond Burgers soon after launching nationwide. But Muth said recently announced facilities in Canada and the Netherlands would prevent future snafus.

Beyond Meat, whose products are made with pea protein, told Reuters in November that it aims to have production up and running in Asia by the end of next year.

"Beyond Meat doesn't want to drop the ball while there is amazing awareness building in the market, and they need to balance that with not over-committing themselves," said Dan Altschuler Malek, managing partner at Beyond Meat investor Unovis Partners. "The industry will continue to talk about pressure on supply for years – not because output hasn't increased but because consumer demand continues to exceed expectations."

McDonald's typically works with multiple suppliers to provide components for major menu items like burgers and French fries. Other fast-food companies - including Yum! Brands’ KFC and Dunkin Brands – have tested and rolled out plant-based versions of items on their menus, made by dominant suppliers Beyond Meat or Impossible Foods.

Impossible Foods declined to comment on when it believes it might have enough supply or manufacturing capacity to partner with McDonald's.

"When we are ready to do it, we would certainly like them to be a customer," Impossible's CEO, Brown, said. "Right now, if McDonald's said they wanted us to be in all the restaurants, we'd have to say 'Sorry, we can't do it.'"

Impossible Foods has had capacity issues that have hurt customers in the past. In June, hamburger chain White Castle suffered a month-long shortage of Impossible Slider patties, for instance.


(Reporting by Richa Naidu in Chicago and Hilary Russ in New York; Editing by Vanessa O'Connell, Nick Zieminski and Matthew Lewis)

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2020-01-08 05:20:12Z
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Selasa, 07 Januari 2020

Tesla's stock surges toward another record; Elon Musk dances as 'Giga Shanghai' delivers cars - MarketWatch

Shares of Tesla Inc. TSLA, +1.18% rallied 1.6% in premarket trading Tuesday, putting them on track for a fifth straight gain and third straight record high, after Chief Executive Elon Musk presided at a ceremony in which the first cars made at the electric vehicle maker's Shanghai factory were delivered to customers. The stock has been on a tear recently, soaring 37% since the end of November through Monday, highlighted by the first deliveries of China-made Tesla cars a week ago and better-than-expected delivery data on Friday. On Tuesday, Musk tweeted a video of him dancing, "At Tesla Giga Shanghai NSFW!!" The stock has climbed 34.8% over the past year through Monday, while the S&P 500 SPX, -0.40% has advanced 27.3%. The company's market capitalization as of Monday's close was $81.4 billion, compared with the market caps of General Motors Co. GM, -1.20% of $51.2 billion and of Ford Motor Co. F, -0.27% of $36.3 billion.

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2020-01-07 13:28:00Z
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