Latest news with #ET
Newsweek
an hour ago
- Politics
- Newsweek
Donald Trump Complains About 'Non-Working Holidays' On Juneteenth
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump on Truth Social posted about "non-working holidays," saying that the U.S. observes "too many" holidays that are "costing our country" while not yet making any proclamation or statement otherwise on Juneteenth. "Too many non-working holidays in America. It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed," Trump wrote in a post that went up just after 7 p.m. ET on Thursday evening. "The workers don't want it either! Soon we'll end up having a holiday for every once working day of the year. It must change if we are going to, MAKE AMERICA GREAT AGAIN!" Trump added. Newsweek reached out to the White House for comment and clarification by email on Thursday evening. This is a breaking news story. Updates to follow.
Time of India
an hour ago
- Business
- Time of India
Reliance & Havells enter PE party to snap up Whirlpool
Reliance Retail and the home-grown consumer appliances major Havells India would compete with several bulge-bracket buyout funds, multiple people told ET, to acquire a controlling interest in Whirlpool of India , the locally listed arm of the Michigan-based company that was once the world's largest appliance maker by sales. These two companies are competing with financial sponsors EQT and Bain Capital , who have also been shortlisted after the initial round of screening. TPG Capital is also among those initiating the due diligence, said the people mentioned above. Whirlpool Corp is looking to sell 31% stake in Whirlpool of India , which generates 85% of its Asia revenue, while retaining a 20% equity stake in the company. The equity in India is held through Whirlpool Mauritius Ltd. The monetisation exercise is part of a global reorganisation initiated at the end of 2022 when the company, synonymous in the US with its namesake brand as well as KitchenAid and Maytag products, posted a $1.5 billion loss. Live Events It has already reshaped its global portfolio pruning operations in key Asian markets and in pockets of Europe. Whirlpool Corp has also heightened efforts to cut costs and its workforce. The company is simultaneously focusing on selling smaller home appliances like blenders and coffee makers — to overhaul its more than century-old business — as consumers pull back on large purchases. The company said it is keen to raise net cash proceeds of $550-600 million (Rs 4,684-5,110 crore) from the transaction. A formal stake-sale process was launched in April by the company's advisor Goldman Sachs. The change of control transaction will also trigger an open offer for an additional 26% stake from public shareholders of the company. If fully subscribed to, the incoming investor could end up owning 57% of the company. Public shareholders own 49% of the company. ET in its edition dated April 29 had reported PE funds like Bain, Carlyle, KKR among others were evaluating the opportunity. The high valuations have seen some interest taper, added people in the know. Open Market Deal Last February, the parent sold a 24.7% stake in its Indian arm through block deals worth Rs 4,039 crore. The buyers had included five mutual funds such as SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund, and one foreign institutional investor--Societe Generale. After the parent announced the decision to reduce its holding to a minority stake on January 30, the stock price in India fell to a 52-week low of Rs 899 on March 3 from the highs of Rs 1,577 on January 29. It closed at Rs 1,329/a piece on Thursday, down almost 3% from previous day's closing with a market capitalisation of Rs 16,861 crore. At current value, a 57% stake would translate to a Rs 9,610 crore ($1.13 billion) acquisition. Emails sent to Whirlpool Corp, Reliance Retail and Havells remained unanswered until the publication of this report. TPG, Bain, EQT declined to comment. Hot & Cold 'There are concerns around the low-margin business of Whirlpool India, which has a dominant play only in entry-level products and has missed the premium play, unlike competitors such as LG, Samsung or Haier,' said an industry executive who is part of the deal negotiations. Analysts believe if the US parent is not happy with the final offers on the table, it may once again divest through the open market route. Another bone of contention is believed to be the royalty payout to the parent in future. 'It's a low margin business and if the parent insists on hiking royalty then the pressures will be far more,' said one of the contenders who had evaluated the opportunity but chose not to pursue. Reliance, he added, wants a stronger brand play in consumer electronics after it found some success with its licensed labels BPL and Kelvinator to mirror its FMCG strategy where Campa Cola is giving stiff competition in the beverage segment. Reconnect and Wyzr, electronic brands that Reliance founded, have met with limited success. Among the first MNC electronic brands to enter India in late 1980s, Whirlpool hasn't been able to scale up as much as rivals LG, Samsung and Haier, which entered much later, or even homegrown brands such as Voltas and Godrej. Strategic Choice Industry players believe Whirlpool still has a sizable brand equity, factories and good presence in smaller cities and towns through distributors. Like Reliance, Havells, too, wants a larger play in appliances such as refrigerators and washing machines which it is yet to achieve with its Lloyd brand. Lloyd is more popular in air-conditioners, where it is among the top four. The Whirlpool brand will add heft to the Havells portfolio. The Noida-based company enjoys leadership position in electrical goods such as wires, switches, and is a leading brand in fans and small appliances. Reliance, TPG and Bain have all evaluated buying into the India business of Haier India where its Chinese parent is looking to significantly bring down its ownership to make it into a local company as diplomatic relations between the two countries continue to remain strained. However, all of them had backed out following massive differences in valuations. Whirlpool Corp's chief financial and administrative officer James W Peters had told analysts last month that the India transaction has 'generated significant interest from large third-party investors'. He said the company expects cash generated by the transaction in the second half of 2025. The parent intends to repay or refinance debt with this money as it had done the last time. The US parent had said the reduction of its shareholding will result in 'increased autonomy' at the Indian unit, allow it to focus on accelerated growth, and utilise its well-funded business to invest further.
Newsweek
an hour ago
- Sport
- Newsweek
How to Watch Paris Saint-Germain vs Botafogo: Live Stream FIFA Club World Cup, PSG, TV Channel
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Paris Saint-Germain will face Botafogo in this 2025 FIFA Club World Cup matchup on Thursday at the Rose Bowl, and you can catch all the action with DAZN. Désiré Doué #14 of Paris Saint-Germain controls the ball as he looks to cross during the FIFA Club World Cup 2025 group B match between Paris Saint-Germain FC and Club Atletico de Madrid at Rose... Désiré Doué #14 of Paris Saint-Germain controls the ball as he looks to cross during the FIFA Club World Cup 2025 group B match between Paris Saint-Germain FC and Club Atletico de Madrid at Rose Bowl Stadium on June 15, 2025 in Pasadena, California. MoreHow to Watch Paris Saint-Germain vs Botafogo Date: Thursday, June 19, 2025 Time: 9:00 PM ET Stream: DAZN (WATCH FOR FREE) Paris Saint-Germain and Botafogo will take the pitch on Thursday, June 19th, at the Rose Bowl in this FIFA Club World Cup match. PSG got off to a fantastic start to their Club World Cup campaign, beating Atletico by four goals, claiming three points in the process. The French club is looking to follow up on their Champions League title by raising another trophy here in the United States, but they will once again likely be without their star player, Ousmane Dembele, who has been away from the club. Botafogo appears to be the toughest competition for PSG in Group B at the moment, as they also won their first match, claiming maximum points against the Seattle Sounders. Jair Paula and Igor Jesus both scored in their group stage opener, and will look to keep it going in this difficult matchup. This is a great Club World Cup matchup; make sure to tune in and catch all the action. You can view this game with a free subscription (720p and ads) to DAZN, which can be upgraded to premium HD image quality without advertisements. Live stream every 2025 FIFA Club World Cup with DAZN: Start your subscription now! Club World Cup Potential Lineups Paris Saint-Germain: Donnarumma; Hakimi, Marquinhos, Pacho, Mendes; Neves, Vitinha, Ruiz; Kvaratskhelia, Ramos, Doue Botafogo: John; Vitinho, Cunha, Barboza, Telles; Gregore, Freitas; Artur, Savarino, Cuiabano; Jesus Regional restrictions may apply. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
Time of India
an hour ago
- Sport
- Time of India
Shaquille O'Neal picks Shai Gilgeous‑Alexander over NBA's top guards in shocking statement
Shaquille O'Neal picks Shai Gilgeous‑Alexander over NBA's top guards in shocking statement (Image Source: Getty Images) In a recent conversation, NBA legend Shaquille O'Neal said something cryptic about Shai Gilgeous‑Alexander. The tone? Surprising. The praise? Huge. It sparked buzz within the NBA world, and it drops just before Game 6. The moment came during an interview with Netflix Sports, later shared on their Instagram. Shaq reposted the clip on his own Instagram feed. The big question now - how will this shift affect the court tonight? Shaquille O'Neal calls Shai Gilgeous‑Alexander a hidden superstar On June 18, 2025, Netflix Sports posted a short Instagram video of Shaquille O'Neal speaking about Shai Gilgeous‑Alexander. Shaq said: 'If I had to start with anybody, I'd start with SGA. Because out of all the guards you talk about, my guy over here kills these guys every time.' NBA icon Shaquille O'Neal described Shai Gilgeous‑Alexander as 'the guy who doesn't get enough respect.' Shaquille O'Neal even shared that he once tried to sign Shai Gilgeous‑Alexander to Reebok. While the deal did not happen, his interest shows how much he believes in Shai's star potential. Shaquille O'Neal's clip dropped originally on Netflix Sports' Instagram. He later reposted it on his Instagram page, drawing even more attention. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Shaquille O'Neal picks Shai Gilgeous‑Alexander over NBA's top guards in shocking statement (Image Source : Getty Images) This comes right before tonight's Game 6 at 8:30 PM ET on ABC, where Shai Gilgeous‑Alexander, the Oklahoma City Thunder point guard, will aim to pull his team back into the series. Shai Gilgeous‑Alexander fuels Oklahoma City Thunder's Game 6 hope Game 6 tips off tonight at 8:30 PM ET on ABC, with the Oklahoma City Thunder trailing in the series. Shai Gilgeous‑Alexander steps into Game 6 carrying the weight of a season's worth of work. He's been the engine, behind Oklahoma City Thunder's rise, scoring over 27 a night, keeping the Oklahoma City Thunder alive when things got tight. The playoffs haven't been easy, but he's kept pushing. Now, with Shaquille O'Neal showing public support, the pressure has only grown. All eyes are on him. Tonight isn't just another game. It's a stage. The Oklahoma City Thunder face elimination tonight unless they win. Shai Gilgeous‑Alexander's performance will be central. With every dribble, every shot, and every assist, he'll show if he can live up to the legend's hype and potentially silence doubters. Shaquille O'Neal's words didn't just flatter, they fueled a fire. Now, all eyes turn to Shai Gilgeous‑Alexander. Will he rise tonight and prove his legend is real? Also Read: Dwyane Wade's wife Gabrielle Union breaks silence as LGBTQ+ lifeline faces shutdown Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here
USA Today
an hour ago
- Sport
- USA Today
Tyler Soderstrom Player Props: June 19, Athletics vs. Astros
Tyler Soderstrom Player Props: June 19, Athletics vs. Astros Tyler Soderstrom is trying to get back on track following a hitless performance in his last game (0 for 4). His Athletics take on Colton Gordon and the Houston Astros on Thursday at 10:05 p.m. ET on NBCS-CA and SCHN. Find odds, stats, and more below to make your Tyler Soderstrom player prop bets. Soderstrom has a team-high 45 runs batted in (he's hit 14 home runs). Soderstrom's home runs rank 24th in MLB and he ranks 22nd in RBI in MLB. Watch tonight's Athletics game on Fubo! Tyler Soderstrom Prop Bets and Odds Hits Prop: 0.5 hits (Over odds: -189) 0.5 hits (Over odds: -189) Home Runs Prop: 0.5 home runs (Over odds: +475) 0.5 home runs (Over odds: +475) RBI Prop: 0.5 RBI (Over odds: +160) 0.5 RBI (Over odds: +160) Runs Prop: 0.5 runs (Over odds: +125) 0.5 runs (Over odds: +125) Total Bases Prop: 1.5 total bases (Over odds: +135) 1.5 total bases (Over odds: +135) Stolen Bases Prop: 0.5 stolen bases (Over odds: +1300) How to Watch Athletics vs. Houston Astros Matchup: Athletics vs. Houston Astros Athletics vs. Houston Astros Time: 10:05 p.m. ET 10:05 p.m. ET Date: Thursday, June 19, 2025 Thursday, June 19, 2025 TV Channel: NBCS-CA and SCHN NBCS-CA and SCHN Live Stream: Fubo (Watch now! - Regional restrictions may apply) Tyler Soderstrom vs. Colton Gordon Tyler Soderstrom prop bet insights Soderstrom has a hit in 61.3% of his 75 games this year, with at least two hits in 25.3% of those contests (19). In 13.3% of his games this season, he has hit a home run (10 of 75). During the 2025 campaign, he's gone deep in 4.5% of his trips to the dish. Soderstrom has touched home plate at least one time 29 times this year in 75 tries (38.7%), including scoring multiple runs in 10.7% of games (eight times). He has driven in at least one run in 26 out of 75 games this season (34.7%), with two or more RBI in 10 of those games (13.3%). Soderstrom has struck out at least once 48 times this season in 75 tries (64.0%), including striking out on multiple occasions in 25.3% of games (19 times). MLB odds courtesy of BetMGM Sportsbook. Odds updated Thursday at 6:33 p.m. ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Tyler Soderstrom stats against the Astros Astros starter: Colton Gordon
