NJ may pull public investments from Japanese company for cutting ties with Israeli defense contractor [Yahoo! Finance]
ITOCHU CORP UNSP/ADR (ITOCY)
NASDAQ:AMEX Investor Relations:
itochu.co.jp/en/ir/index.html
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Source: Yahoo! Finance
ties with an Israeli defense contractor over the war in Gaza, according to records obtained by POLITICO. The state's potential divestment from the Itochu Corporation would make New Jersey one of the first publicly known states since the Oct. 7 Hamas attacks on Israel to penalize a company for cutting ties with an Israeli business. And it comes as college campuses across the country, including in New Jersey , face student protests demanding that colleges divest from companies linked to Israel. Itochu, a trading firm, is one of the largest companies in Japan and is involved in textiles, energy, food, machinery and other businesses. As of Dec. 31, 2023 — the most recent publicly available information — New Jersey's pension fund had 709,800 shares of Itochu that was valued at approximately $29 million, according to state Treasury spokesperson Danielle Currie. The state “preliminarily determined” that the company's decision to cut ties with an Israeli-based military contractor trigge
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News
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- Shohei Ohtani Signs Global Partnership with ITO EN's Green Tea Brand "Oi Ocha" [Yahoo! Finance]Yahoo! Finance
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