|Bid||69.80 x 0|
|Ask||69.90 x 0|
|Day's Range||69.30 - 70.40|
|52 Week Range||57.50 - 80.00|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||10.89|
|Earnings Date||May 13, 2019 - May 17, 2019|
|Forward Dividend & Yield||3.60 (5.85%)|
|1y Target Est||69.41|
Based on a nearly two-year investigation into Russian meddling in the 2016 election, the 448-page report details the struggles of Mr Mueller’s team to determine whether the president’s efforts constituted criminal obstruction of justice. While respecting justice department guidelines against indicting a sitting president, the special counsel neither accused Mr Trump of violating the law nor cleared his name.
It’s been a busy week for news, from the fire at Notre-Dame on Monday to the release of the Mueller report in the US on Thursday — not to mention the fact that scientists have revived some brain function in decapitated pigs. As we head into the Easter weekend, I’ve included some long and gripping reads in my pick of the week’s stories, too, including one from a fearless female investigative reporter from 1887. The sight of Notre-Dame ablaze on Monday was breathtakingly sad.
Democratic Governor Tony Evers, who took office in January, inherited a deal to give Foxconn around $4 billion in tax breaks and other incentives that was championed by Scott Walker, Evers' Republican predecessor. Announced at a White House ceremony in 2017, Foxconn's 20-million-square-foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing. Foxconn, a major supplier to Apple Inc, has pledged to eventually create 13,000 jobs in Wisconsin, but said earlier this year it had slowed its pace of hiring.
FT subscribers can click here to receive FirstFT every day by email. President Emmanuel Macron vowed to rebuild Notre-Dame cathedral after the Paris landmark was partly destroyed by a devastating fire. Donations from some of France’s richest families poured in to help reconstruct one of the world’s best known and most visited monuments. The Arnault family, owner of luxury group LVMH, pledged €200m, while the Pinaults, who control the Kering conglomerate, said they would give €100m to the restoration efforts.
Under Friday’s agreement, Japan Display will issue ¥42bn ($375m) in new shares and ¥38bn in convertible bonds to a consortium, which includes Taiwanese touch panel maker TPK Holding and Chinese investment group Harvest. With $2bn of backing from state-backed INCJ, Japan Display was created seven years ago by merging the display units of Sony, Toshiba and Hitachi.
Taiwanese manufacturer Foxconn reported a smaller than expected fall in quarterly profit, despite warning signs from key customers including Apple Inc that demand for tech electronics is softening. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$62.61 billion ($2.03 billion) for the final three months of 2018 on Friday. It was also the biggest quarterly profit the company has posted for 2018.
The engineer, Guangzhi Cao, copied more than 300,000 files related to Autopilot source code as he prepared to join China's Xiaopeng Motors Technology Company Ltd, the Silicon Valley carmaker said in the lawsuit filed in a California court. Separately, Tesla lawyers on Wednesday filed a lawsuit against four former employees and U.S. self-driving car startup Zoox Inc, alleging the employees stole proprietary information and trade secrets for developing warehousing, logistics and inventory control operations. In a statement, Xiaopeng spokeswoman Marie Cheung said the company was not aware of Cao's alleged misconduct and that the company has started an internal investigation on the matter.
Foxconn initially planned to manufacture advanced large-screen displays for TVs and other consumer and professional products at the Wisconsin plant. It later said it would build smaller Generation 6 LCD screens instead. The initial Gen6 facility will manufacture screens for education, medical and healthcare, entertainment and sports, security, and smart cities products, Foxconn said Monday.
Japan's SoftBank Group has provided nearly half of the cash for Abu Dhabi's state investor Mubadala Investment Co's new $400 million fund investing in European start-ups, a source familiar with the matter said. Mubadala, which has committed to invest $15 billion in SoftBank's Vision Fund, last week announced that Mubadala Ventures was planning to launch a $400 million technology-focused European fund this year. Softbank and Mubadala declined to comment on the story, first reported by the Financial Times earlier on Monday.
As Foxconn keeps changing its plans for its Wisconsin plant, a state representative has no idea what will happen.
WASHINGTON/CHICAGO (Reuters) - Foxconn Technology said on Friday it will build a factory in Wisconsin after the company's chairman spoke to U.S. President Donald Trump, following a Reuters report earlier this week that the Taiwanese company was reconsidering its plans. Reuters reported that Foxconn was reconsidering making liquid crystal display panels at a planned $10 billion Wisconsin campus and intended to hire mostly engineers and researchers there. It was praised by Trump as proof of his ability to revive American manufacturing.
Next month we will commemorate the installation of the first Exposure System in Guangzhou", the company told Reuters in an email. The Nikkei report came amid trade tensions between the United States and China on issues such as tariffs, industrial subsidies, intellectual property and cyber security.
Smartphone makers in India are calling for export credits on devices and tariff cuts on machinery imports as part of measures they say will make Asia's third-biggest economy a global smartphone manufacturing hub. The India Cellular and Electronics Association (ICEA), whose members include some of the industry's biggest names including Apple Inc, made the proposals in a 174-page document reviewed by Reuters and submitted to the government ahead of its annual budget announcement next week. "As the country is nearing to achieve saturation point... without an export take off manufacturing growth cannot be sustained and accelerated," the ICEA said in the document.
From centre-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they are worried Trump's trade war with China will dampen the global economy and business investments even further. One key complaint here this week: Companies increasingly reliant on consumers in China have had to lower their earnings outlooks as the world's second-largest economy cools.
From centre-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they are worried Trump's trade war with China will dampen the global economy and business investments even further.
Austrian maker of printed circuit boards AT&S lowered its revenue outlook for its 2018/19 business year on Tuesday, blaming weak demand from smartphone makers and the automotive industry. AT&S has invested heavily in building manufacturing capacity in China to compete with rivals such as Samsung and Foxconn to produce ever smaller and smarter chips for use in tablets, medical devices and navigation systems. The lowered outlook comes after smartphone makers Samsung and Apple warned about weak demand and as carmakers face heavy investments to meet stricter emissions standards and focus investment on developing electric vehicles.