(Bloomberg) -- The coronavirus has wreaked havoc on commercial aviation, but Alexey Isaykin’s cargo carrier has been fully loaded.Volga-Dnepr Group has flown more than 3,000 breeding pigs to China from France this year. The animals -- transported 6,450 miles (10,400 kilometers) in wooden crates in the hold of a Boeing 747 cargo plane -- are being used to restore local livestock levels to help mitigate shortages in the world’s largest pork market after an outbreak of African swine fever decimated China’s hog herds.Measures to stem the spread of the coronavirus amplified those swine shortages and accelerated attempts to boost the population of domestic herds. China imported a total 254,533 tons of pork in the first four months of the year from the U.S., which overtook Europe to become China’s largest pork supplier. That’s already more than the 245,000 tons China bought for the whole of 2019.The cargo is a sign of...
A group of U.S. lawmakers preparing to fight a legislative attack on encrypted communications is trying to establish what happened when encryption was subverted at a Silicon Valley maker of networking gear. Democrat Ron Wyden, who sits on the Senate Intelligence Committee, said the 2015 incident at Sunnyvale-based Juniper Networks could shed light on the risks of compromised encryption before an expected hearing on the proposed legislation. "Attorney General (William) Barr is demanding that companies like Facebook weaken their encryption to allow the Department of Justice to monitor users' conversations," Wyden told Reuters....
Kathy Jones, Schwab’s Chief Fixed Income Strategist, joins Yahoo Finance's The First Trade to discuss investor trends, market outlook and what we can expect from the FOMC meeting. ...
(Bloomberg) -- Simon Property Group Inc. is terminating its $3.6 billion bid to buy Taubman Centers Inc., arguing that its rival mall owner has breached the merger agreement by not taking steps to mitigate the fallout from the coronavirus pandemic.Simon said in a statement on Wednesday it has “exercised its contractual rights” to terminate the deal, which was announced in February before the pandemic battered malls. The company said it was asking a court to declare that Taubman has suffered a “material adverse event” and “breached the covenants in the merger agreement.”Taubman didn’t immediately respond to a request for comment.Taubman’s shares plunged more than 40% to $26.70 after the statement was released. Its shares have been trading below the proposed deal price of $52.50 for months, raising speculation that the deal was in trouble.Simon also dipped on Wednesday, dropping as much as 4.5% to $82.57. Its shares had rallied recently on...
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 […]...
