WASHINGTON — A two-decade-old audit of mail equipment transport contracts by the U.S. Postal Service’s inspector general found that a company previously run by Postmaster General Louis DeJoy was awarded multiple noncompetitive contracts by the Postal Service that may have cost taxpayers as much as $53 million more than if they’d been competitively bid. The … Read more
In this article we are going to estimate the intrinsic value of Microsoft Corporation (NASDAQ:MSFT) by taking the expected future cash flows and discounting them to today’s value. We will use the Discounted Cash Flow (DCF) model on this occasion. There’s really not all that much to it, even though it might appear quite complex. … Read more
Yoshihide Suga, a loyal aide to outgoing Japanese Prime Minister Shinzo Abe, won a landslide victory in a ruling party leadership election Monday — all but assuring he will become the new prime minister when a parliamentary election is held later in the week. The 71-year-old chief Cabinet secretary — who has said he would … Read more
Industry veteran Nitin Tej Ahuja has been appointed the Chief Executive Officer of the Producers Guild of India (PGI). “As a long time observer and admirer of the Guild’s wide-ranging and pathbreaking initiatives in championing the interests of content producers, I am honoured to serve in the continuation of the Guild’s untiring efforts. I look … Read more
Apple is set to unveil the new Apple Watch Series 6 this week. It’s also rumored to be creating a new, lower-cost version of the Apple Watch instead of just dropping the price on an older model. The new Series 6 is rumored to add other health features like blood oxygen monitoring, while watchOS 7 … Read more
The Apple vs Epic Games saga keeps on taking interesting turns. What began with the Fortnite ban has now turned into ‘David vs Goliath’. (Apple obviously being the Goliath). Epic calling out Apple’s monopolistic reign definitely stirred things up. Since then, a lot has gone down between the two parties as both of them resorted … Read more
Chelsea have spent more than £200million on new recruits in the busiest summer of any Premier League club. Bayer Leverkusen’s Kai Havertz and Leicester City’s Ben Chilwell joined Hakim Ziyech of Ajax and Timo Werner of RB Leipzig while defenders Thiago Silva and Malang Sarr arrived on free transfers from Ligue 1. Frank Lampard isn’t … Read more
BERLIN (AP) — Specialist labs in France and Sweden have confirmed Russian opposition leader Alexei Navalny was poisoned with the Soviet-era nerve agent Novichok, the German government said Monday. A German military laboratory previously confirmed the substance in his samples. German government spokesman Steffen Seibert said that the Hague-based Organization for the Prohibition of Chemical … Read more
By John McCrank NEW YORK (Reuters) – Tesla Inc investors were disappointed after the company was snubbed in the S&P 500’s latest round of inclusions, but the electric automaker’s entry could still happen at any time and a merger by others in the benchmark index might help. Merger activity within the S&P 500 has historically … Read more
The two Los Angeles County deputies who were shot in the head during a caught-on-video ambush in their patrol car are expected to survive after emerging from surgery, according to reports. Sheriff Alex Villanueva called the condition of the deputies — a 31-year-old mother and a 24-year-old man — a “double miracle.” “It looks like … Read more