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Belgium looks to have benefited from Lockheed Martin’s strategy to reduce the cost of the jets as production has increased. U.S. President Donald Trump and other U.S. officials have criticized the F-35 program for delays and cost overruns. Each plane is likely to cost Belgium around 76 million euros, slightly less than the amount paid by the Netherlands and Italy, according to Belgian newspaper Le Soir, citing a closed-door briefing by Belgian air force personnel to lawmakers on Wednesday, when the final decision was taken.
Michel also defended the decision to choose a U.S, company over European neighbors as a way to balance loyalties to the American-led NATO alliance and defense spending in Europe, “We are choosing cooperation with university of pittsburgh panthers cufflinks NATO and for European defense,” Michel told the news conference, He said money saved on the F-35 would be used for other defense projects, With defense spending just under 0.9 percent of economic output on defense in 2017, Belgium is one of the worst performers in trying to meet a NATO target of 2 percent by 2024, which Trump says is already too low and should be at least 3 percent..
LONDON (Reuters) - British supermarket Asda (WMT.N), which is subject to a proposed takeover by rival Sainsbury’s (SBRY.L), said on Friday it would start consulting with staff over the potential loss of up to 2,500 jobs next year. The move by Asda, which is owned by U.S. giant Walmart, was first reported by Press Association, and a spokeswoman for the supermarket group said no decisions had been taken yet. “We need to consider changing the roles we need our colleagues to do or the hours needed in particular parts of our stores,” Asda said in a statement. “We believe the proposed changes we are consulting on would allow us to do a better job for our customers.”.
(Reuters) - Snap Inc (SNAP.N) shares plunged 14 percent on Friday after the Snapchat-owner posted its second straight quarter of user losses and forecast further declines, a boost for Facebook Inc’s (FB.O) Instagram ahead of its results next week, At least four Wall Street analysts cut their price target as Snap’s much-criticized app redesign continued to weigh on daily active user numbers (DAU), particularly in Europe and the U.S, A revelation for teenage users and university of pittsburgh panthers cufflinks twenty-somethings worldwide when its vanishing-post model was first launched in 2011, Snap’s user growth has stalled in the past two years as Instagram mimicked its best features..
Its 186 million users in the third quarter compares to the Facebook-owned app’s more than 1 billion. JP Morgan and RBC Capital Markets cut their targets for Snap stock by half. “We believe that Instagram is much more penetrated in these demographics, and it will be challenging for Snap to pull users away from Instagram,” JP Morgan analyst Doug Anmuth wrote in a note. Shares of the company were down 12.2 percent at $6.14 in trading before the bell. A redesign at the start of this year aimed at rebooting the app spurred a backlash led by celebrity users including Kylie Jenner, who threatened to boycott the photo-messaging app.
“Some users may university of pittsburgh panthers cufflinks be leaving the platform because it has lost its novelty, which would prove to be a bigger long-term concern,” Pivotal Research Group analyst Brian Wieser said, Snap’s DAUs have now declined by five million since the first quarter, which the company blamed mainly on the Android app rollout, With the company anticipating further declines, Jefferies analyst Brent Thill fears these losses could spill over to 2019, Snap shares have fallen more than 50 percent this year, while Facebook’s, hurt by the fallout of the Cambridge Analytica privacy scandal, have lost about 14 percent..
Of the 36 analysts covering the stock, 16 now rate it “hold” and 13 rate it “sell” or lower. The median price target on the stock is $10, down 15 percent from a month ago. Analysts have said the number of advertisers active on Snapchat, though small, have been steadily growing. However, the social media app is still at the mercy of its user count. “While monetization trends in Q3 are promising, we don’t think the stock can recover until the user base is growing solidly again,” Canaccord Genuity’s Michael Graham said.
(Reuters) - Unilever (ULVR.L) (UNc.AS) on Friday said meetings where it had planned to seek court and shareholder approval to move its headquarters to the Netherlands have been adjourned indefinitely after its decision to scrap the move in the face of a shareholder revolt, The company was legally required to hold a meeting in the UK on Friday as planned, even though the proposal was withdrawn, A handful of shareholders attended and voted to adjourn the meeting, a university of pittsburgh panthers cufflinks spokeswoman said, noting that it lasted only a few minutes..