By Taro Fuse and Kentaro Hamada TOKYO (Reuters) - Japan's Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious auction. The decision was made by Toshiba's board and will be announced later on Wednesday, two sources said. Toshiba declined comment.
According to a recent note by equity research firm Jefferies, there's evidence that mass-market retailers like Target are now lowering prices to compete with Lidl, which has 10,000 global stores but just came to the US.
Researchers at IHS Markit think that some big name companies will raise their dividends as soon as next week. In a Tuesday report, they name four firms likely to raise their dividends by 9%-13%. Yum! Brands (YUM) is expected to raise its dividend 13.3% to yield 1.8%.