Tag: Spin

Spin Classes Lead To Twenty One People With Coronavirus From One Gym

A spin class gym in the Canadian city of Hamilton, has been linked with an outbreak of 21 cases of Covid-19 with a further 100 people potentially exposed. The news was originally reported in the local press and cases have so far been found in one staff member and 20 patrons.

The outbreak comes amid months of speculation as to whether gyms and facilities hosting other inside fitness classes and events are high-risk during the pandemic.

Concerns seem to focus on two main aspects of gyms which may make them risky environments:

1) The number of high-touch surfaces, which may be used by multiple gym goers without effective sanitizing between uses, including weights, mats and machines. However, scientists generally now think that the risk of surface

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IBM jumps 9% after it reveals plan to spin off legacy business to focus on cloud unit

FILE PHOTO: Man stands near an IBM logo at the Mobile World Congress in Barcelona
  • IBM surged on Thursday after it announced plans to spin off its legacy managed infrastructure business so it can solely focus on building up its cloud division.
  • The spinoff is expected to be tax-free for IBM shareholders and will be completed by the end of 2021, the company said.
  • “IBM is laser-focused on the $1 trillion hybrid cloud opportunity,” IBM CEO Arvind Krishna said.
  • IBM also released preliminary third quarter earnings results.
  • Visit Business Insider’s homepage for more stories.

IBM is shedding its legacy business to focus on growing its cloud unit, according to a release on Thursday.

IBM will spin off its managed infrastructure business as a new publicly traded company in a tax-free deal for IBM shareholders. The spinoff is expected to be completed by the end of 2021.

The spinoff of

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Choirock Mecard’s Complete Victory in All Global Patent Disputes against Spin Master

SEOUL, South Korea, Oct. 8, 2020 /PRNewswire/ — The toy brand Mecard, which is developed with proprietary technology owned by Korean toy company Choirock Contents Factory Co., Ltd., won a complete victory in all of the global patent disputes against Spin Master, Ltd., a Canadian global toy company.

In 2018, Spin Master sued a US toy company, Mattel, Inc., in the United States, Canada, Australia, etc., alleging that Mecard toys infringed Spin Master’s “Bakugan” patents. Mattel was distributing Mecard toys in those countries through its license obtained from Choirock. But Mecard’s entrance into the global market have been obstructed by Spin Master’s lawsuits. 

In March 2019, in response to Spin Master’s lawsuits, Choirock filed inter partes review petitions before the United States Patent Trial and Appeal Board (PTAB), challenging validity of Spin Master’s three US “Bakugan” patents. Spin Master alleged that Mecard infringed these three

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What Kind Of Investors Own Most Of Spin Master Corp. (TSE:TOY)?

If you want to know who really controls Spin Master Corp. (TSE:TOY), then you’ll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said ‘Show me the incentive and I will show you the outcome.

Spin Master isn’t enormous, but it’s not particularly small either. It has a market capitalization of CA$3.0b, which means it would generally expect to see some institutions on the share registry. Taking a look at our data on the ownership groups (below), it seems that institutions own shares in the company. Let’s delve deeper into each type of owner, to discover more about Spin Master.

Check out our latest analysis for Spin Master

What Does The Institutional Ownership Tell

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England aim to reappoint Jeetan Patel as spin coach after visa problem

Video: Stuart Broad still looking to improve after taking 500th Test wicket (The Independent)

Stuart Broad still looking to improve after taking 500th Test wicket

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Jeetan Patel looks set to be rehired as England’s spin coach following the visa problem that denied the men’s national team his services during the summer.



Dominic Bess et al. looking at a ball: Photograph: Stu Forster/Getty Images


© Provided by The Guardian
Photograph: Stu Forster/Getty Images

The 40-year-old New Zealander was part of the setup last winter but was then prevented from resuming his work with Dom Bess, Jack Leach and co this season because of his official status as an overseas player at Warwickshire.

Related: Giles praises England players’ pay realism as Bairstow drops off red-ball list

But now Patel, whose 11-year spell at Edgbaston concluded with his retirement at the end of their T20 Blast campaign, is understood to have been approached about the upcoming away series against South

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Indebted developer China Evergrande gets approval to spin off property management business, raise fresh capital in Hong Kong



a close up of a sign: An Evergrande construction site in Guangzhou, in China’s southern Guangdong province. Photo: Reuters


An Evergrande construction site in Guangzhou, in China’s southern Guangdong province. Photo: Reuters

Indebted mainland property developer China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business, which would allow it to raise fresh capital.

The Shenzhen-based company, China’s biggest property developer, made the proposal on July 31 and will soon apply to list the business in Hong Kong, according to a filing with the exchange late on Friday.

The spin off could help Evergrande raise up to HK$40 billion (US$5.2 billion), according to Raymond Cheng, property analyst at CGS-CIMB Securities, including HK$24 billion from the sale of a 28 per cent stake in the property management business a month ago to 14 investors, and a potential HK$10 billion to HK$15billion from the listing.

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