Donald Trump Says He Should Have Shut Down Twitter, Just Like Nigeria Is Doing

NVent Electric To Buy CIS Global In $200 Mln Cash Deal – Quick Facts

UK-based nVent Electric plc (NVT), a provider of electrical connection and protection solutions, Wednesday said it has entered into a definitive agreement to acquire CIS Global LLC, a privately held provider of mission critical power and server rack-mount slide products.

The deal price is approximately $200 million in cash, subject to adjustments. The transaction is expected to be completed by the third quarter. The closing is subject to customary conditions, including regulatory approval.

Following the deal closure, CIS Global will be operated as a separate business within the nVent Enclosures segment.

Tucson, Arizona -based CIS Global is a provider of data center power solutions. It has five manufacturing facilities including China, India and Thailand with approximately 850 employees globally.

nVent Enclosures President Joe Ruzynski said, “Our priority after closing will be to serve and grow the CIS Global customer base with innovative solutions.”

Nvent noted that there is an increasing demand for data services that is propelling investments in IT and server technology. Key drivers include 5G wireless and demand for artificial intelligence and edge computing, creating demand for servers and related power solutions.

Brown-Forman Corp. Reveals Drop In Q4 Bottom Line

Brown-Forman Corp. (BFB) released earnings for fourth quarter that fell from the same period last year.

The company’s bottom line came in at $120 million, or $0.25 per share. This compares with $128 million, or $0.27 per share, in last year’s fourth quarter.

The company’s revenue for the quarter rose 14.5% to $812 million from $709 million last year.

Brown-Forman Corp. earnings at a glance:

-Earnings (Q4): $120 Mln. vs. $128 Mln. last year.
-EPS (Q4): $0.25 vs. $0.27 last year.
-Revenue (Q4): $812 Mln vs. $709 Mln last year.

SPX To Sell SPX Transformer Solutions To GE-Prolec Transformers For $645 Mln Cash – Quick Facts

SPX Corp. announced Wednesday that it has entered into a binding agreement to sell 100% of the issued and outstanding stock of its wholly-owned subsidiary, SPX Transformer Solutions, Inc., to GE-Prolec Transformers, Inc., a subsidiary of a joint venture between General Electric Co. (GE) and Xignux S.A. de C.V. for a cash purchase price of $645 million.

SPX anticipates that after taxes on a gain from the sale, net proceeds will be approximately $540 million. The purchase price is subject to customary net working capital and similar adjustments at closing.

The transaction is anticipated to close during the second half of 2021, subject to the satisfaction of typical closing conditions, including antitrust regulatory review.

SPX is updating its 2021 guidance for the anticipated sale of SPX Transformer Solutions. SPX plans to update its segment reporting structure to eliminate the Engineered Solutions segment, and to report the results of its Process Cooling business within its HVAC segment.

For fiscal 2021, SPX now anticipates adjusted earnings in a range of $2.17 to $2.37 per share, down from the prior guidance range of $3.06 to $3.26 per share. SPX also anticipates adjusted revenue of approximately $1.25 billion, compared to prior guidance of $1.7 billion.

Yamaha slashes prices of FZ25, FZS 25

Yamaha India has slashed the prices of the FZ25 and FZS 25 by about ₹20,000. The FZ25 is now priced at ₹1.34 lakh, while the FZS 25 will set you back by ₹1.39 lakh.

The FZ25 and FZS 25 were previously burdened by high input costs with the transition to BS6, which led to a high ex-showroom price. In fact, the BS4 to BS6 price increase was so significant that it sat tantalisingly close to the more powerful and better equipped Suzuki Gixxer 250.

Yamaha says it has now managed to reduce the input costs and has decided to pass on the benefit to the customer. It believes the price reduction will help it reach potential customers by making the FZ25, FZS 25 more accessible.

However, the manufacturer has not revealed how it has managed to reduce the input costs.

All prices, ex-showroom, Delhi

Now in middle of MLB’s sticky situation, Yankees’ Gerrit Cole addresses spin rate decrease

Armed with a fastball that can hum at 100 mph into the late innings, and an array of other plus-pitches, New York Yankees ace Gerrit Cole’s talent, and ability to create spin on the baseball, has made for an elite arsenal.

And across the board, Cole’s spin rates were sharply down during his last start.

"I attribute it to just not being as good or as sharp as I wanted to be," Cole said Tuesday of his last outing, when he yielded five runs in five innings against the Tampa Bay Rays.

But Cole is no stranger to the suggestion that his spin rates have been aided by sticky substances, which MLB is now intent on enforcing in this season of high strikeouts and low batting averages.

Last week, Minnesota Twins third baseman and former AL MVP Josh Donaldson wondered aloud to reporters about the timing of Cole’s noticeably reduced spin rates.

Four minor league pitchers had just been suspended 10 games for using foreign substances.

Donald Trump Says He Should Have Shut Down Twitter, Just Like Nigeria Is Doing

Donald Trump can’t tweet, but his blatherings still get repeated on the social media platform that banned him after he spread violence-stoking lies.

On Tuesday, the former U.S. leader praised Nigeria for suspending Twitter last week after the social media company deleted President Muhammadu Buhari’s post threatening mass violence against people he accused of attacking the nation’s infrastructure. Twitter also temporarily cut off Buhari’s account.

“Congratulations to the county of Nigeria, who just banned Twitter because they banned their president,” Trump said in a statement. “More countries should ban Twitter and Facebook for not allowing free open speech — all voices should be heard.”

Trump said “perhaps I should have” banned Twitter and Facebook when in office. “But Zuckerberg kept calling me and coming to the White House for dinner telling me how great I was,” he added, referring to Facebook CEO Mark Zuckerberg.

Zuckerberg does not operate Twitter, journalist Andrew Feinberg pointed out in posting Trump’s musings. (See the statement below.)

“2024,” the twice-impeached Trump added, hinting again that he’ll make another run for the presidency.

Following the Jan. 6 Capitol riot, Facebook, Instagram and Twitter deplatformed Trump. Facebook and Instagram said last week their ban will extend until at least January 2023. Twitter has characterized its measure as a permanent suspension.