Friday, December 8News That Matters

Tag: clearer

SEC is scrutinizing SPAC projections, seeks clearer disclosures

Saul Loeb | AFP | Getty ImagesThe SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them in.Special purpose acquisition companies, known as SPACs or blank-check funds, are a hot-ticket item on Wall Street.More from Personal Finance:There are snags in free COBRA health insuranceMarriage sometimes means paying more in taxesNew York is raising taxes for millionaires. Will others follow?The investments are like quasi-IPOs. A publicly traded shell company uses investor money to buy or merge with a private company, typically within two years. In so doing, the private company becomes publicly traded, offering an alternative to a traditional IPO.SPAC ...
Coronavirus: Loss of smell may be clearer sign than cough

Coronavirus: Loss of smell may be clearer sign than cough

Loss of a sense of smell may be a more reliable indicator of Covid-19 than cough or fever, research suggests. A study by University College London (UCL) of 590 people who lost their sense of smell or taste earlier in the year found 80% had coronavirus antibodies.Of those people with antibodies, 40% had no other symptoms. The research only looked at people with mild symptoms, however. Evidence that loss of smell and taste could be signs of coronavirus began to emerge from about April, and they were added to the official list of symptoms in mid-May.Current guidance states anyone who experiences a loss of, or change to their sense of smell or taste should self-isolate and apply for a test. But lead author of the UCL study, Prof Rachel Batterham, says cough a...
Xiaomi told to be clearer after £1 phone complaints

Xiaomi told to be clearer after £1 phone complaints

The UK's advertising watchdog has told Xiaomi to be clearer about how it promotes future sales, following complaints about a £1 smartphone offer.The regulator said it had received 24 complaints from the public after a promotion organised to mark the company's debut in the UK in November.Consumers were unhappy that even if they tried to buy a phone as soon as a countdown clock ended, they were told the product was already out of stock.The Chinese company has not commented.Xiaomi is one of China's biggest consumer technology companies and is ranked the fourth biggest smartphone brand by market share, according to a recent report by IDC.'Clearer and more timely'The "flash sales" involved two models of phone that the company in...