U.S. Construction Spending Inches Up Much Less Than Expected In March

51job Receives Updated Non-binding Proposal Letter From Consortium

51job, Inc. (JOBS) said the company’s Board has received an updated preliminary non-binding proposal letter from DCP Services Limited, Ocean Link Partners Limited, and Rick Yan, the Chief Executive Officer of 51job, with respect to the proposed going-private deal wherein the Consortium proposes to acquire all of the outstanding common shares of the company for $79.05 in cash per share.

51job, Inc. said the Special Committee of its Board will continue to evaluate the proposed deal in light of the latest development.

“Great Circle,” by Maggie Shipstead: An Excerpt

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Expeditors International Of Washington Q1 Profit Surges

Expeditors International of Washington, Inc. (EXPD) Tuesday announced a 135 percent increase in first-quarter earnings from the prior year, on 77 percent growth in revenue.

The company reported first-quarter net profit of $287.22 million, up from $122.34 million a year ago. On a per share basis, earnings climbed to $1.67 from $0.71 last year.

On average, 14 analysts polled by Thomson Reuters expected the company to earn $1.04 per share on revenue of $2.63 billion.

Revenue for the quarter was $3.357 billion, up 77 percent from $1.901 billion a year ago.

Why are we saying, ‘May the 4th Be With You’? and the origins of the Star Wars meme

It’s a special day for fans of Star Wars. That explains why you will be seeing “May the 4th Be With You,” all over the internet today. 

May 4th has become known as Star Wars Day, an unofficial holiday that gets its origin from a line of dialogue in the first movie released in George Lucas’ space saga, “Star Wars: A New Hope.” In that film, released in 1977, General Dodonna encourages the rebel fighters before they begin their assault on the Death Star, “Then man your ships! And may the Force be with you!”

After that, the saying crops up regularly in the films, books, video games and across the Star Wars universe.

How did ‘May the 4th’ come about?

So how did “May the 4th Be With You?” actually become a thing?

The first official application of the phrase to the May 4th date came in 1979, when the U.K. Conservative Party paid for a newspaper advertisement saying, “May the Fourth Be With You, Maggie. Congratulations!” to celebrate the party’s general election victory.

Happy Star Wars Day!: Here are 6 ways to mark May the 4th at home

Media sell-off: Verizon sells Yahoo and AOL as part of $5 billion deal

How small and scrappy Mazda competes with the big automakers

Mazda is a small independent manufacturer that sells a fraction of the cars churned out by the world's largest automakers. And being a small automaker in 2021 is not easy.

But the company has managed to carve out a reputation for building cars that are fun to drive and offer good value for the money, according to industry experts.

It's MX-5 Miata roadster has attained a kind of iconic status, and it's one of the best-selling two-seat roadsters of all time.

Mazda has also made other cars beloved by enthusiasts, such as the RX-7.

Mazda has also been something of an innovator in engines. For 50 years, it stocked its vehicles with rotary engines — a highly unusual engine design. In recent years, it has made strides toward improving the efficiency of gasoline engines with its Skyactiv technology.

But electric vehicles are gaining market share, and Mazda doesn't have the deep pockets automakers like Volkswagen, Toyota, and General Motors have.

To be sure, Toyota has a 5% stake in Mazda, and the two are partnering on building vehicles and EV technology. These kinds of partnerships are deemed increasingly important now that all automakers are expected by investors, governments, and customers. They may also give a small manufacturer like Mazda a chance to survive.

National Retail Properties Boosts FY21 Outlook – Quick Facts

While reporting financial results for the first quarter on Tuesday, real estate investment trust National Retail Properties, Inc. (NNN) raised its Core FFO, AFFO and net earnings guidance for the full-year 2021, based on continued high occupancy, strong rent collections, solid quarter of acquisitions, and fortress-like balance sheet.

For fiscal 2021, the company now projects core FFO in a range of $2.70 to $2.75 per share, AFFO in a range of $2.91 to $2.96 per share and net earnings in a range of $1.56 to $1.61 per share.

Previously, the company expected core FFO in the range of $2.55 to $2.62 per share, AFFO in the range of $2.77 to $2.84 per share and net earnings in the range of $1.42 to $1.49 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.44 per share for the year. Analysts’ estimates typically exclude special items.

U.S. Construction Spending Inches Up Much Less Than Expected In March

With a jump in spending on residential construction partly offset by decreases in spending on non-residential construction and public construction, the Commerce Department released a report on Monday showing U.S. construction spending rose by much less than expected in the month of March.

The report said construction spending inched up by 0.2 percent to an annual rate of $1.513 trillion in March after falling by 0.6 percent to a revised rate of $1.510 trillion in February.

Economists had expected construction spending to spike by 2.0 percent compared to the 0.8 percent drop originally reported for the previous month.

The uptick in construction spending came as spending on residential construction surged up by 1.7 percent to an annual rate of $725.2 billion.

On the other hand, the report showed spending on non-residential construction slid by 0.9 percent to an annual rate of $444.0 billion.

Spending on public construction also tumbled by 1.5 percent to an annual rate of $343.9 billion, reflecting steep drops in spending on both educational and highway construction.

Compared to the same month a year ago, total construction spending in March was up by 5.3 percent.