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SenseTime (00020.HK): It is expected to record a profit of approximately RMB500 million to RMB700 million in the first half of the year, compared with a loss of approximately RMB1.48927 billion in the same period last year.On August 16, the Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Army Commander-in-Chief Amir Hatami announced a $30,000 reward for the capture or killing of U.S. soldiers. The reward will reportedly be given to any Iranian soldier who comes from "the Iranian people."On August 16, Zijin Mining International (02259.HK) announced that in the first half of the year, thanks to the full contribution of newly acquired assets and the continued optimization of mature mines, gold production increased by 44% year-on-year to approximately 27.3 tons; revenue and profit attributable to owners of the parent company increased by 100% and 179% year-on-year, respectively, and net cash flow from operating activities increased significantly by 331% year-on-year.On August 16, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces attacked the "Kamensky Joint Enterprise" in Rostov Oblast, Russia, a Russian military-industrial complex. The Ukrainian side stated that a fire broke out at the target site, and the extent of the damage and the results of the operation are still being verified. The Ukrainian military stated that this military-industrial enterprise is a major Russian military-industrial enterprise, producing solid rocket fuel for the "Hurricane," "Tornado," and "Tornado-S" multiple rocket launcher munitions, as well as related fuels for various missile systems and air-to-ground weapons. On August 16, local time, the Russian Ministry of Defense released a 24-hour combat report stating that Russian forces had taken control of two settlements: Pershomalievka in the Donetsk region and Kudyevka in the Kharkiv region. The report stated that Russian air defense forces shot down 14 guided bombs, 1 US-made HIMARS rocket, 9 Flamingo long-range cruise missiles, and 1,478 fixed-wing drones. This is the highest number of Ukrainian drones shot down in a single day as reported by the Russian Ministry of Defense to date.On August 16th, according to a report by Axios, citing three sources familiar with the matter, in mid-May, US negotiators encountered a problem when attempting to reach an agreement with Iran to end the war: they were unsure whether the Iranian representatives across the negotiating table truly represented the countrys powerful Islamic Revolutionary Guard Corps (IRGC). The report stated that, therefore, Trump administration officials took an unusual approach—bypassing Iranian negotiators and contacting the IRGC leadership directly. The person chosen by the US to oversee this secret communication channel was Nechirvan Barzani, the president of the Iraqi Kurdistan Region. He possessed an extremely rare advantage: the trust of both the US and the IRGC leadership. This incident highlights that a key reason for the difficulties in US-Iran negotiations lies in Washingtons inability to ascertain who truly holds decision-making power in Iran. The US and Iran did ultimately reach a memorandum of understanding, but it quickly collapsed.

T. Rowe Price Has Said That It Intends to Support Kohl's Proxy War Against Macellum

Haiden Holmes

Apr 21, 2022 09:50

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At the May 11 meeting, investors will have the opportunity to vote. At the end of December, T. Rowe Price held 6.8 million shares, or 5.29 percent of the firm.


Kohl's has been criticized by Macellum, lead by Jonathan Duskin, of not doing enough to enhance its company. The fund requested that the company sell itself, which it is currently doing by reviewing potential bidders.


The struggle for control of Kohl's boardroom has developed into one of the year's most heated proxy fights, occurring as the business evaluates possible bidders' offers.


Franchise Group (NASDAQ:FRG), the owner and operator of retail chains like The Vitamin Shoppe and Buddy's Home Furnishings, joined the market last week with a $9 billion indicative offer.


Kohl's has said that during the previous several months, its investment bankers have spoken with more than 20 possible purchasers.


Macellum has also pushed for changes at Kohl's twice in the last two years. It ran a campaign last year to replace nine board members, partnering with hedge funds Ancora Holdings Inc and Legion Partners Asset Management LLC. When Kohl's increased the size of its board of directors by three directors, the investors agreed to drop that challenge.