News That Matters

Tag: sale

Poundworld future in doubt as owner plans sale

Poundworld future in doubt as owner plans sale

Business
The fate of thousands more high street employees is in doubt this weekend after the owner of Poundworld ditched a rescue plan and put the discount chain up for sale instead. Sky News has learnt that TPG, the American private equity backer of Poundworld, has instructed Deloitte to find a buyer for Poundworld by the end of the month.Potential buyers were contacted about the process on Friday, according to a possible bidder.The development comes less than a fortnight after it emerged that Poundworld was preparing to seek creditor approval for a plan to close up to 100 stores, threatening hundreds of jobs.Poundworld trades from about 355 shops across Britain, employing approximately 5,700 people.The decision to seek a buyer for the entire business - with a deal being sought by ...
State Dept. approves $1.2B sale of helicopters, missiles to Mexico

State Dept. approves $1.2B sale of helicopters, missiles to Mexico

Business
April 23 (UPI) -- The U.S. State Department said it has approved a possible foreign military sale to Mexico for MH-60R Seahawk multi-mission helicopters, and missiles, radars and machine guns to go with them.The deal, announced Friday by the Defense Security Cooperation Agency, is worth $ 1.2 billion and requires Congressional approval before the contract is finalized. Members of Congress were notified of the potential foreign military sale last week.DSCA says the Government of Mexico requested the purchase of eight MH-60R Seahawk multi-mission helicopters, equipped with specific mechanical specifications and on-board technology systems designed for advanced targeting and night operations.Moreover, Mexico requested 10 AGM-114 Hellfire missiles, five AGM-114 M36-E9 Captive Air Training miss...
State Dept. approves $1.3B sale of Howitzers to Saudi Arabia

State Dept. approves $1.3B sale of Howitzers to Saudi Arabia

Business
April 6 (UPI) -- The U.S. State Department said it has approved a possible foreign military sale to Saudi Arabia of 155mm M109A5/A6 Medium Self-Propelled Howitzer structures.The Defense Security Cooperation Agency notified Congress of the $ 1.31 billion sale, for which Raytheon and Lockheed Martin are the primary contractors. Congress was notified of the possible sale on Thursday.The possible foreign military sale would provide Saudi Arabia with "180 155mm M109A5/A6 Medium Self-Propelled Howitzer structures for conversion to 177 M109A6 Paladin Howitzer systems."The M109A6 Paladin Howitzer system is a self-propelled, indirect-fire support weapon operated by a crew of four.The deal also includes three Fire Support Combined Arms Tactical Trainers static training, 180 M2 HB .50 Cal Machine Gun...
Spotify eyes $23bn value in US share sale

Spotify eyes $23bn value in US share sale

Technology
Spotify has filed to sell its shares publicly on the New York Stock Exchange in a move that could value the loss-making firm at more than $ 23bn (£16.7bn).The world's biggest music streaming service said the flotation could be worth up to $ 1bn.It applied for a direct listing with the US Securities and Exchange Commission - a rare process involving the sale of existing shares currently held by staff and investors rather than new shares.It means the company can move towards an IPO (Initial Public Offering) without having to raise new capital or hire a bank or broker to underwrite the offering - keeping costs to a minimum.Spotify, which has a presence in more than 60 countries, said in its filing that it has 71 million premium subscribers and about 159 million monthly average users.It said:
Steve Jobs' error-filled pre-Apple CV on sale

Steve Jobs' error-filled pre-Apple CV on sale

Technology
An error-filled job application written by Steve Jobs before he co-founded Apple could fetch more than $ 50,000 (£35,700) at an auction next month.The handwritten document, which dates back to 1973, lists "electronics tech" and "design engineer" among his "special abilities" and boasts of his adeptness with computers and calculators.Mr Jobs, who penned the application as a teenager having dropped out of Reed College in Portland after just six months, also noted that he had an "english lit" degree and a driving licence.:: Looking back on ten years of iPhoneImage:The late Apple CEO was keen to find a job in tech after leaving collegeHowever, further down he admitted that access to transportation was only "possible, not probable".And the youngster who would go on to invent the iPhone was also