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Nissan sells its Daimler stake, following similar move by Renault

Teenager stabs, kills two children in Brazilian school

SAO PAULO (REUTERS) – A Brazilian teenager invaded a school in the city of Saudades, in southern Santa Catarina state, and stabbed two children to death on Tuesday (May 4), a local government official confirmed.

Silvia Fernandes dos Santos, a city official, said the attack happened around 10am local time and also that a teacher was seriously wounded.

The teenager tried to kill himself after the attack, but was contained and taken to hospital by the police.

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White House wants 70% of adults to have first Covid shot by July 4

WASHINGTON (AFP) – President Joe Biden wants 70 per cent of adults in the US to have received at least one shot of the Covid-19 vaccine by the July 4 Independence Day holiday, the White House said on Tuesday (May 4).

Administration officials who asked not to be identified said Biden would announce the ambitious goal in a speech later on Tuesday.

In addition to getting 70 per cent at least partially vaccinated, Biden wants “160 million Americans fully vaccinated” by the same date, an official told reporters.

Sushi That Swims Against the Tide of Tradition

Rosella, in the East Village, comes up with one remarkable dish after another while promising that its fish were responsibly farmed or caught.

Local Fish, Faraway Flavors

7 Photos

View Slide Show

By Pete Wells

Cardinals’ Adam Wainwright reveals wife, all five kids had COVID-19

St. Louis Cardinals pitcher Adam Wainwright was back on the mound Monday night against the New York Mets after being placed on the COVID-19 injured list last week.

Although Wainwright is fully vaccinated and did not test positive for the coronavirus, he had been out since April 29 to care for his wife Jenny and five children who all contracted COVID-19. 

“We got back from the road, and I went straight to a hotel because my whole crew had it, and my wife, she texted me at one point and said I can’t go anymore without you being here," Wainwright said after Monday's game.

"So I had to. That’s why I had to go home, and when my wife says that, she’s a tough lady, she’s a really tough girl, and so when she said that, I knew I had to go home."

Publisher to Reissue Stacey Abrams’s First Three Romance Novels

Berkley plans to offer “Rules of Engagement,” “The Art of Desire” and “Power of Persuasion” in 2022.

By Heather Murphy

Sofia Coppola’s Challenge: To Convey the Feeling of Live Dance

Coppola and Justin Peck talk about how they approached making a film for New York City Ballet’s digital spring gala.

By Roslyn Sulcas

Golf: Brendon Todd out of Wells Fargo after positive Covid-19 test

LOS ANGELES (AFP) – American golfer Brendon Todd has withdrawn from this week’s Wells Fargo Championship after testing positive for Covid-19, the PGA Tour said on Tuesday (May 4).

The 35-year-old, chasing his first tournament victory since claiming two PGA Tour wins in November 2019, will be replaced by first alternate JJ Spaun.

“Todd will have the PGA Tour’s full support throughout his self-isolation period,” the PGA Tour said.

The Wells Fargo tees off at Quail Hollow in Charlotte, North Carolina on Thursday.

Foxconn, Dell apply for PLI under IT hardware

Output may be worth ₹1.6 lakh crore

Apple’s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic company Lava are among the 19 companies that have applied for investments under the production-linked incentive scheme for IT hardware manufacturing, the Ministry of Electronics and IT said.

According to the Ministry, the scheme is expected to lead to total production worth about ₹1.6 lakh crore.

Out of the total production, IT hardware companies have proposed production worth more than ₹1.35 lakh crore, and domestic companies have proposed production to the tune of more than ₹25,000 crore, Meity said in a statement.

“The electronics hardware manufacturing companies that have applied under category IT hardware companies are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava,” Meity said. Fourteen other companies have also filed applications.

Pixelworks Inc. Q1 adjusted earnings Inline With Estimates

Below are the earnings highlights for Pixelworks Inc. (PXLW):

-Earnings: -$8.08 million in Q1 vs. -$5.40 million in the same period last year.
-EPS: -$0.16 in Q1 vs. -$0.14 in the same period last year.
-Excluding items, Pixelworks Inc. reported adjusted earnings of -$6.36 million or -$0.12 per share for the period.
-Analysts projected -$0.12 per share
-Revenue: $9.27 million in Q1 vs. $13.77 million in the same period last year.

Nissan sells its Daimler stake, following similar move by Renault

  • Nissan Motor said on Tuesday it was selling its roughly 1.5% stake in German carmaker Daimler through an accelerated bookbuild offer, following a similar move by alliance partner Renault in March.
  • Investors were guided to expect the shares to price at 69.85 euros each.

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Japan's Nissan Motor said on Tuesday it was selling its roughly 1.5% stake in German carmaker Daimler through an accelerated bookbuild offer, following a similar move by alliance partner Renault in March.

The French carmaker, with Nissan, had exchanged stakes with Daimler a decade ago to strengthen their industrial partnerships.

Cooperation is continuing, Daimler and Renault said earlier this year, although people close to the matter had said larger initial plans never materialized and the cross-shareholdings were no longer deemed necessary.

Investors were guided to expect the shares to price at 69.85 euros each, a bookrunner organizing the deal said.

At that price, Nissan would reap just over 1 billion euros ($1.2 billion) from the deal.

Daimler shares closed at 72.41 euros a share on Tuesday.

Bank of America and Societe Generale are organizing the block trade.

($1 = 0.8319 euros)